Singapore's FingerMotion Q1 revenue plunges on lower telecom segment sales
F
FNGR• Outlook
- FingerMotion did not provide specific financial guidance for the current or upcoming periods in the press release
Overview
- Singapore mobile services firm's fiscal Q1 revenue fell 92% yr/yr on lower telecom segment sales
- Gross profit rose 37% yr/yr as revenue mix and cost discipline improved
- Loss per share narrowed to $0.03 from $0.04 a year earlier
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q1 EPS | | -$0.03 | |
Result drivers
- Telecom revenue drop - Q1 revenue decline was mainly due to a 94% fall in Telecommunications Products & Services sales
- Improved revenue mix - Gross profit and margin rose as lower-margin transaction revenue fell, leading to a more favorable revenue mix
- Cost discipline - Company cited better cost discipline as a factor in improved gross profit and margin
