FRANKLIN WIRELESS CORP FKWL
Access", we are a leading global provider of integrated wireless solutions utilizing the latest 5G (fifth generation) and 4G LTE
(fourth generation long-term evolution) technologies including mobile hotspots, fixed wireless routers, and mobile device management (MDM)
solutions. We are a leading enabler of the Digital Divide initiative, and our expertise extends to innovation in Internet of Things (IOT)
and machine-to-machine (M2M) applications, driving forward seamless communication and connectivity for both individuals and enterprises.
Last close
2.20
2026-10-23
Market cap
$25.9M
2026-03-31 share count
52-week range
2.16 - 5.48
Valuation FY2025 figures against the last close
P/S0.6x
P/E—
P/FCF14.3x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.02
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.1M | $30.8M | $45.9M | $24.0M | $184.1M | $75.1M | $36.5M | $30.1M | $48.6M | $59.8M |
| Cost of revenue | $38.2M | $27.3M | $38.9M | $20.2M | $151.7M | $60.5M | $30.7M | $24.9M | $39.3M | $49.9M |
| Gross profit | $7.9M | $3.5M | $7.0M | $3.8M | $32.5M | $14.5M | $5.7M | $5.2M | $9.2M | $9.9M |
| R&D | $4.1M | $3.4M | $3.9M | $4.3M | $4.6M | $3.7M | $3.0M | $3.4M | $3.4M | $3.0M |
| SG&A | $6.7M | $6.0M | $5.5M | $4.5M | $5.1M | $3.7M | $4.9M | $4.5M | $4.9M | $4.8M |
| Total operating expenses | $10.8M | $9.4M | $9.4M | $8.8M | $9.6M | $7.4M | $7.8M | $7.9M | $8.3M | $7.8M |
| Operating income | -$2.9M | -$5.9M | -$2.3M | -$5.0M | $22.8M | $7.1M | -$2.1M | -$2.7M | $874.4K | $2.1M |
| Interest expense | — | — | — | — | — | — | — | — | — | $10.3K |
| Pre-tax income | -$185.6K | -$5.1M | -$3.8M | -$4.7M | $23.4M | $7.3M | -$1.9M | -$2.4M | $1.1M | $2.2M |
| Income tax | $45.2K | $949.3K | $886.7K | $1.0M | $5.0M | $1.4M | $428.7K | $187.0K | $374.6K | $34.9K |
| Net income | -$243.1K | -$4.0M | -$2.9M | -$3.8M | $17.7M | $5.6M | -$1.3M | -$2.1M | $874.0K | $1.6M |
| EPS, basic | -0.02 | -0.34 | -0.24 | -0.32 | 1.56 | 0.52 | -0.12 | -0.20 | 0.08 | 0.15 |
| EPS, diluted | -0.02 | -0.34 | -0.24 | -0.32 | 1.53 | 0.52 | -0.12 | -0.20 | 0.08 | 0.15 |
| Shares, diluted (wtd. avg.) | 11.8M | 11.8M | 11.7M | 11.6M | 11.6M | 10.7M | 10.6M | 10.5M | 10.7M | 10.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $14.7M | $12.3M | $12.2M | $26.3M | $45.8M | $28.2M | $6.4M | $12.0M | $14.3M | $13.2M |
| Short-term investments | $25.9M | $25.2M | $26.7M | $16.3M | $5.4M | — | — | — | — | — |
| Receivables | $1.3M | $1.2M | $8.9M | $1.3M | $2.5M | $16.0M | $4.1M | $7.9M | $11.0M | $12.3M |
| Inventory | $2.4M | $1.4M | $3.7M | $4.2M | $975.5K | $11.8M | $1.1M | $1.6M | $3.4M | $2.3M |
| Total current assets | $45.2M | $40.2M | $51.9M | $48.4M | $54.8M | $61.4M | $17.1M | $21.7M | $28.9M | $27.9M |
| Property, plant and equipment | $72.9K | $114.9K | $101.1K | $106.0K | $151.6K | $220.9K | $131.9K | $124.1K | $219.9K | $317.8K |
| Goodwill | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K |
| Other intangibles | $1.0M | $1.3M | $2.2M | $1.4M | $1.2M | $1.1M | $1.1M | $996.7K | $1.1M | $1.1M |
| Total assets | $51.3M | $46.7M | $56.9M | $52.0M | $57.8M | $65.4M | $21.2M | $25.1M | $32.3M | $31.7M |
| Accounts payable | $8.1M | $7.3M | $13.0M | $8.1M | $9.7M | $42.1M | $5.7M | $7.6M | $12.9M | $13.3M |
| Short-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total current liabilities | $12.4M | $9.1M | $16.5M | $9.3M | $11.2M | $43.0M | $5.9M | $8.1M | $13.2M | $13.5M |
| Total liabilities | $13.4M | $10.3M | $16.5M | $9.4M | $11.6M | $44.3M | $5.9M | $8.1M | $13.2M | $13.5M |
| Retained earnings | $24.9M | $25.1M | $29.1M | $32.0M | $35.7M | $18.0M | $12.5M | $13.8M | $15.8M | $15.0M |
| Total equity | $34.5M | $35.1M | $40.4M | $42.6M | $46.2M | $21.1M | $15.3M | $17.0M | $19.1M | $18.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.8M | -$773.4K | -$1.9M | -$7.4M | $12.1M | $22.0M | $775.1K | -$2.0M | $1.5M | $2.7M |
| Depreciation and amortisation | $33.1K | $34.0K | $52.0K | $87.7K | $90.3K | $92.7K | $93.0K | $119.8K | $143.3K | $169.9K |
| Stock-based compensation | $350.6K | $295.1K | $710.9K | $545.8K | $380.8K | $0 | — | $0 | -$25.0K | -$50.0K |
| Capital expenditure | $32.8K | $55.0K | $47.1K | $42.1K | $21.0K | $181.7K | $100.8K | $23.9K | $45.4K | $173.2K |
| Investing cash flow | $1.0M | $723.9K | -$12.1M | -$11.7M | -$722.5K | -$795.0K | -$6.3M | -$399.2K | -$499.3K | -$1.0M |
| Financing cash flow | -$408.7K | $91.1K | $42.9K | $75.4K | $6.1M | $520.4K | $0 | $67.0K | $104.8K | -$342.4K |
| Buybacks | — | — | — | — | — | — | — | — | $0 | $234.0K |
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 0001683168-25-007288.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.8M | $48.6M | $30.1M | $36.5M | $75.1M | $184.1M | $24.0M | $45.9M | $30.8M | $46.1M |
| Gross profit | $9.9M | $9.2M | $5.2M | $5.7M | $14.5M | $32.5M | $3.8M | $7.0M | $3.5M | $7.9M |
| Net income | $1.6M | $874.0K | -$2.1M | -$1.3M | $5.6M | $17.7M | -$3.8M | -$2.9M | -$4.0M | -$243.1K |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Shareholder vote Item 5.07
- Material agreement signed Item 1.01
- Annual report filed Form 10-K
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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