Thu, May 29, 11:01 AM (18 days ago)
### Summary of Financial Performance **Revenue:** $35,607,614 (2025) vs. $35,791,685 (2024) - **Telecommunications Products & Services:** $27,205,347 (2025) vs. $32,790,946 (2024) - **SMS & MMS:** $8,191,308 (2025) vs. $2,672,826 (2024) - **DaGe Platform:** $80,592 (2025) vs. $0 (2024) - **Command & Communication:** $188,576 (2025) vs. $0 (2024) - **Big Data:** -$58,209 (2025) vs. $327,913 (2024) **Cost of Revenue:** $32,843,907 (2025) vs. $31,929,967 (2024) - **Telecommunications Products & Services:** $24,861,246 (2025) vs. $29,384,841 (2024) - **SMS & MMS:** $7,671,635 (2025) vs. $2,545,126 (2024) - **DaGe Platform:** $151,065 (2025) vs. $0 (2024) - **Command & Communication:** $159,961 (2025) vs. $0 (2024) **Gross Profit:** $2,763,707 (2025) vs. $3,861,718 (2024) **Operating Expenses:** $8,712,708 (2025) vs. $7,679,407 (2024) - **General & Administrative Expenses:** $6,445,771 (2025) vs. $6,583,481 (2024) - **Marketing Costs:** $276,258 (2025) vs. $140,052 (2024) - **Research & Development:** $632,767 (2025) vs. $699,559 (2024) - **Credit Impairment Loss:** $439,613 (2025) vs. $0 (2024) - **Share Compensation Expenses:** $761,802 (2025) vs. $185,406 (2024) **Net Loss:** $5,112,804 (2025) vs. $3,811,503 (2024) **Earnings Per Share (EPS):** -$0.09 (2025) vs. -$0.07 (2024) ### Strategic Overview - **Telecommunications Products & Services:** Focus on mobile payment and recharge services, data plans, subscription plans, mobile phones, and loyalty points redemption. - **SMS & MMS Services:** Expansion into bulk SMS and MMS services with competitive pricing. - **Rich Communication Services (RCS):** Development of an RCS platform for better user experience and marketing channel. - **Big Data Insights:** Launch of "Sapientus" for data-driven solutions in insurance, healthcare, and financial services. - **Smart Mobility Solutions:** Development of the C2 Platform for emergency response and specialized field operations. - **DaGe Platform:** Integrated digital marketplace for automotive services and products. ### Future Outlook - **Growth Strategy:** Enhance PigeonHoles Integration System and DaGe Platform, expand customer base, introduce new product lines, enhance values, diversify into insurtech and fintech, and focus on strength and talent. - **Sales and Marketing:** Promote brand awareness, plan seasonal and targeted marketing events, expand into new regions, and focus on customer retention. - **Research & Development:** Continue to invest in innovation, particularly in data science and advanced analytics through Sapientus. ### Risk Factors - **Operational Risks:** Limited operating history, history of net losses, dependence on key personnel, concentration of earnings from two telecommunications companies, security and privacy breaches, systems failures, legal proceedings, and regulatory scrutiny. - **Financial Risks:** Need for additional funding, intellectual property risks, geopolitical tensions between the United States and China, and risks related to the VIE Agreements. - **Market Risks:** Stock liquidity, market price volatility, dependence on securities analysts, and dilution of ownership percentage. ### Financial Condition - **Liquidity and Capital Resources:** Cash and cash equivalents of $1,128,135 (2025) vs. $1,517,232 (2024). Need for additional capital to support growth and strategic initiatives. - **Cash Flow:** Net cash used in operating activities increased by $851,984 in 2025 compared to 2024. Net cash provided by financing activities was $7,776,249 in 2025 compared to -$295,333 in 2024. ### Market Position Changes - **Stock Performance:** Trading on the Nasdaq Capital Market since December 28, 2021. Last reported sale price of common stock was $4.08 per share on May 23, 2025. - **Shareholder Matters:** 57,581,186 shares outstanding as of May 23, 2025. No dividends declared or paid on common stock. **Ticker:** FNGR