FingerMotion, Inc. - FNGR

The chart of the day, with minimal commentary

Regarding their “Big Data” revenues in Q3 2024:

“As for our Big Data business, despite this quarter’s revenue contraction, we believe the horizon looks bright. Sapientus is gearing up to commercialize our cutting-edge Big Data models, anticipating more partnership expansions and broadened commercial applications in the forthcoming year. We are encouraged by the steady progress with our existing partners, with large-scale commercialization expected within the next 2-3 years.”

Going back a quarter, regarding their $76,746 “Big Data” revenues in Q2 2024 (they like dropping names when they can):

“The revenue recorded during the current quarter in our Big Data division is a result of both the contracts with Pacific Life Re and Munich Re. While the revenue of our Big Data division has seen a positive shift in the current quarter, primarily due to our collaborations with Pacific Life Re and Munich Re, the magnitude of this growth has been modest. However, we are optimistic and anticipate more significant improvements in the upcoming periods.”

Pacific Life and Munich Re have been testing the waters for quite a while now.

“On or around January 25, 2021, the Company’s wholly owned subsidiary, Finger Motion Financial Company Limited’s, big data analytic arm branded “Sapientus,” entered into a services agreement with Pacific Life Re, a global life reinsurer serving the insurance industry with a comprehensive suite of products and services.

In December 2021, the Company through JiuGe Technology formed a collaborative research alliance with Munich Re in extending behavioural analytics to enhance understanding of morbidity and behavioural patterns in China market, with the goal of creating value for both insurers and the end insurance consumers through better technology, product offerings and customer experience.

Another 2-3 years of “steady progress”, though, and all will be good.