Singapore's FingerMotion annual revenue falls on lower telecom activity

FingerMotion

29/05/2026 22:17

Overview
Singapore mobile tech firm's annual revenue fell 32% on lower telecom segment activity
Gross profit dropped 75% year-over-year, with annual loss widening to $7 mln
Company cut operating expenses by 12% through lower salaries, marketing and R&D costs

Outlook
Company did not provide specific financial guidance for the current quarter or fiscal year

Result Drivers
TELECOM TRANSACTION DECLINE - Co said lower transaction activity in its core telecommunications business led to decreased revenue and gross profit
OPERATING COST CUTS - Co reduced operating expenses by lowering salaries, marketing, and R&D costs

Company press release: ID:nNFC3NcWJP

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
$24.13 mln
 
FY EPS
 
-$0.12
 
FY Operating Expenses
 
$7.63 mln

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)