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Finger Motion FingerMotion Reports Q1 2022 Financial Results NEW YORK , NY July 15 , 2021 ( ACCESSWIRE ) -- FingerMotion , Inc. ( OTCQX : FNGR ) ( the " Company " or " FingerMotion " ) , a mobile data and services company , is pleased to report its financial results for the first quarter ended May 31 , 2021. To review the full financial results , please view the Company's recent Form 10 - Q filing at www.sec.gov/edgar/search , which should be read in connection with this news release . Q1 2022 Financial Summary ( results expressed in US $ unless otherwise indicated ) : • Reported record quarterly revenue of $ 6.00 million ( includes SMS & MMS , Telecommunications Products & Services and Big Data businesses ) ; • Reported quarterly growth in SMS & MMS business revenue of $ 1.81 million or 77 % compared to Q1 2021 ; • • • • Reported quarterly growth in Telecommunications Products & Services business revenue of $ 1.34 million or 341 % compared to Q1 2021 ; Reported revenues of $ 98,715 or 198 % in Quarter over Quarter ( Q4 2021 over Q1 2022 ) growth in Big Data ; Reported quarterly cost of revenue of $ 5.38 million which was an increase of $ 2.93 million or 120 % compared to Q1 2021 ; Reported quarterly loss of $ 909,506 which was an increase of $ 0.33 million or 57 % compared to Q1 2021 ; • Basic and Diluted loss per share of $ 0.02 ; • At May 31 , 2021 , FingerMotion had $ 789,752 in cash , a working capital surplus of $ 2,352,502 and a positive shareholders equity of $ 1,455,643 ; • Total Assets were $ 8.61 million , Total Current Liabilities were $ 6.05 million and Total Liabilities were $ 7.16 million ; and • 38,995,160 common shares were issued and outstanding as of May 31 , 2021 . Strong growth continued in both the Telecommunications Products & Services ( mobile recharge platform ) and the SMS & MMS texting service . " The first quarter generated $ 6.00 million in revenue and represented the fourth consecutive quarter of record revenue . If the current trajectory continues , revenue may exceed US $ 24 million for FYE 2022 , " stated Martin Shen , CEO of FingerMotion . " Growth continues to be fueled by an expansion of subscribers in new regions along with larger purchases of SMS from our corporate clientele . This is the second consecutive quarter of Big Data revenues and we expect it to continue and eventually outpace our existing revenue streams . "