FingerMotion Reports 32% Revenue Drop to $24.13M, Widens Losses in FY26
FNGR is trading near its 52-week low of $0.75 (3.9% above the low).
Summary
FingerMotion reported a significant 32% year-over-year revenue decline to $24.13 million for fiscal year 2026, with net losses widening to $7.00 million and diluted EPS loss increasing to $(0.12). This confirms the deepening financial distress highlighted in the 10-K filed earlier today, which included a going concern warning and details of a highly dilutive $5 million convertible note. The company's strategic shift towards higher-margin platform businesses is being hampered by severe operational constraints due to limited working capital. These poor results underscore the company's precarious financial position, with the stock already trading near its 52-week low.
At the time of this announcement, FNGR was trading at $0.78 on NASDAQ in the Technology sector, with a market capitalization of approximately $47.2M. The 52-week trading range was $0.75 to $3.23. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.