FiEE, Inc. FIEE

Technology SIC 3661 - Telephone & Telegraph Apparatus Nasdaq

FiEE, Inc. (formerly, Minim, Inc.) was founded in 1977 as a networking company and historically delivered a comprehensive WiFi/Software as a Service ("SaaS") platform to make connected homes safe and supportive for life and work. During this period, we held the exclusive global license to design, manufacture, and sell consumer networking products under the Motorola brand until 2023. Our legacy cable and WiFi products, including cable modems, routers, and mesh networking devices, were sold in leading retailers and e-commerce channels in the United States ("U.S.")

Building upon our history in networking and software, we are currently transforming our operations as a digital service provider focused on integrating artificial intelligence ("AI") and data analytics into content creation, digital authentication, and brand management. Our current business model leverages a cloud-based SaaS platform designed to support clients in developing, managing, and optimizing their digital presence across global platforms, including customized graphic and posts, short videos, and editorial calendars aligned with brand goals. Additionally, we offer comprehensive software development and maintenance services, delivering custom software solutions from system design and development to deployment and post-launch maintenance. In July 2025, we formally launched customized software services. This transition represents a strategic pivot toward high-growth, emerging technology sectors, including AI, blockchain, and the Multi-Channel Network ("MCN") ecosystem.

Last close 3.93 2026-09-04
Market cap $33.5M 2026-06-30 share count
52-week range 1.50 - 10.59

Valuation FY2025 figures against the last close

P/S5.4x
P/E39.3x
P/FCF9.7x
EV/EBITDA19.6x
Dividend yield
Diluted EPS0.10

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.2M$639.9K$26.1M$50.6M$55.4M$48.0M$37.6M$32.3M$29.4M$17.8M
Cost of revenue $840.0K$432.6K$25.6M$38.7M$36.5M$34.4M$26.7M$20.7M$19.2M$12.5M
Gross profit $5.4M$207.3K$470.9K$11.9M$18.9M$13.6M$10.9M$11.6M$10.2M$5.4M
R&D $47.4K$113.3K$3.4M$5.8M$6.2M$3.8M$2.2M$1.8M$1.9M$1.5M
SG&A $3.3M$2.1M$4.8M$6.1M$4.9M$5.4M$2.7M$1.6M$2.3M$1.5M
Total operating expenses $3.8M$4.4M$17.7M$27.0M$20.8M$18.4M$14.1M$11.6M$11.5M$8.3M
Operating income $1.6M-$4.2M-$17.2M-$15.0M-$1.9M-$4.8M-$3.2M$52.7K-$1.2M-$2.9M
Interest expense $9.0K$82$386.0K$394.6K$270.4K$48.6K$48.4K$78.4K$98.8K$54.5K
Pre-tax income $1.5M-$4.2M-$17.6M-$15.4M-$2.1M-$3.8M-$3.3M-$48.5K-$1.4M-$2.9M
Income tax $448.2K$11.2K$42.6K$112.3K$63.8K$26.7K$24.9K$25.8K$14.7K$7.1K
Net income $1.1M-$4.2M-$17.6M-$15.5M-$2.2M-$3.9M-$3.3M-$74.3K-$1.4M-$2.9M
EPS, basic 0.12-1.34-8.65-8.38-0.06-0.15
EPS, diluted 0.10-1.34-8.65-8.38-0.09-0.15-0.180.00-0.09-0.21
Shares, diluted (wtd. avg.) $7.1M$3.2M$2.0M$1.9M$39.8M$25.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.1M$30.2K$709.3K$530.1K$12.6M$771.8K$1.2M$126.0K$229.2K$179.8K
Receivables $2.1M$0$701.4K$2.8M$4.9M$9.2M$4.1M$2.8M$2.2M$2.5M
Inventory $10.0M$25.4M$33.9M$16.5M$7.4M$7.9M$5.2M$4.9M
Total current assets $6.6M$164.9K$11.4M$29.6M$52.4M$27.7M$13.1M$11.7M$8.2M$8.3M
Property, plant and equipment $366.4K$119.9K$432.5K$637.0K$762.8K$455.1K$303.1K$261.5K$161.6K$175.7K
Goodwill $58.9K$58.9K$0
Other intangibles $3.5M$33.2K$73.3K$262.7K$388.6K$0
Total assets $10.8M$307.0K$12.4M$31.0M$54.3M$29.6M$13.9M$12.2M$8.8M$9.0M
Accounts payable $511.2K$143.4K$11.1M$2.8M$12.5M$11.7M$5.0M$4.4M$3.5M$2.5M
Short-term debt $34.2K$2.5M$0
Total current liabilities $4.2M$437.0K$12.2M$13.8M$23.3M$21.8M$7.8M$8.3M$5.6M$4.9M
Long-term debt $15.2K$0
Total liabilities $4.2M$437.0K$12.2M$14.6M$23.8M$21.8M$7.8M$4.9M
Retained earnings -$95.6M-$96.7M-$92.5M-$74.8M-$59.3M-$57.1M-$40.6M-$37.3M-$37.2M-$35.9M
Total equity $6.6M-$130.0K$115.9K$16.3M$30.5M$7.8M$6.1M$3.9M$3.2M$4.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.6M-$3.8M$4.8M-$12.2M-$14.3M-$7.1M-$1.5M-$1.8M$1.3M-$4.2M
Depreciation and amortisation $160.0K$282.0K$368.0K$403.0K$255.0K$157.0K$132.6K$137.0K$114.0K$87.6K
Stock-based compensation $122.7K$897.2K$279.4K$1.2M$996.9K$440.9K$505.2K$399.8K$196.3K$178.0K
Capital expenditure $186.1K$162.3K$276.7K$593.1K$302.5K$174.3K$236.9K$99.8K$58.2K
Investing cash flow -$4.9M$11.6K-$381.9K-$695.0K-$681.8K-$578.1K-$484.3K-$329.9K-$249.8K-$531.2K
Financing cash flow $4.3M$3.1M-$4.8M$824.8K$26.5M$7.9M$3.3M$2.0M-$1.0M$3.1M
Buybacks $15.0K$15.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001829126-26-004105.

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