FKWL

MKT CAP:$43M

Franklin Wireless Corp.

Market Cap

$43M

Technology·Communication Equipment·🇺🇸 United States·NASDAQ

Technology·Communication·🇺🇸·NASDAQ

Stock Price

$3.66-$0.66 (-15.28%)

Apr 23, 2026

Company Details

Franklin Wireless Corp. provides intelligent wireless solutions. The company's products include mobile hotspots, routers, trackers, and other devices, which integrates hardware and software enabling machine-to-machine (M2M) applications and...

CEO

Chae Kim

IPO Date

Aug 3, 2007

Website

www.franklinwireless.com

Key Metrics TTM

Revenue

$36M

-54.6% YoY

Net Income

-$2M

EPS (Diluted)

-$0.17

Free Cash Flow

-$9M

Revenue / Share

$3.03

Gross Margin

15.7%

Operating Margin

-12.5%

Net Margin

-5.4%

FCF Margin

-26.0%

P/S

1.2x

P/E

—

Earnings Reports

Q1 2026

Nov 14, 2025

$13MEPS $0.05

Q3 2025

May 15, 2025

$8M+29.7%EPS -$0.05

FY 2024

Sep 30, 2024

$31MEPS -$0.34

Q3 2024

May 15, 2024

$6MEPS -$0.10

Q2 2024

Feb 14, 2024

$9MEPS -$0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 17	$13M	$2M	$367.5K
Q2 17	$14M	$3M	$626.8K
Q3 17	$10M	$2M	-$84.6K
Q1 19	$13M	$2M	$112.0K
Q1 20	$9M	$2M	$276.2K
Q3 20	$16M	$3M	$1M
Q4 20	$37M	$7M	$5M
Q4 23	$17M	$2M	$103.3K
Q2 24	$9M	$828.0K	-$2M
Q3 24	$6M	$509.9K	-$2M
Q3 25	$8M	$1M	-$2M
Q1 26	$13M	$3M	$590.4K

Valuation

Quarter	P/S	P/E
Q1 17	—	—
Q2 17	—	—
Q3 17	—	—
Q1 19	0.9x	41.2x
Q1 20	0.9x	41.5x
Q3 20	0.9x	28.7x
Q4 20	0.6x	8.3x
Q4 23	0.5x	12.7x
Q2 24	0.5x	18.3x
Q3 24	0.6x	235.5x
Q3 25	1.1x	—
Q1 26	1.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 17	-$2M	-$2M
Q2 17	$851.2K	$785.0K
Q3 17	$804.9K	$716.3K
Q1 19	$5M	$5M
Q1 20	-$1M	-$2M
Q3 20	-$2M	-$2M
Q4 20	$20M	$20M
Q4 23	$5M	$5M
Q2 24	-$970.2K	-$1M
Q3 24	-$779.0K	-$868.9K
Q3 25	-$6M	-$6M
Q1 26	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q1 17	$127.6K
Q2 17	$66.2K
Q3 17	$88.6K
Q1 19	$36.0K
Q1 20	$444.5K
Q3 20	$19.6K
Q4 20	$24.1K
Q4 23	$1.9K
Q2 24	$65.0K
Q3 24	$89.9K
Q3 25	$898
Q1 26	$902

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 20	-30.2%	-30.3%
Q3 20	+8.3%	+4.4%
Q4 20	+283.6%	+231.5%
Q4 23	+27.6%	+27.9%
Q2 24	-0.3%	+21.1%
Q3 24	-60.3%	-46.1%
Q3 25	-78.6%	-69.4%
Q1 26	-25.0%	-28.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 17	-$12.5K	-0.1%
Q2 17	-$12.5K	-0.1%
Q3 17	$0	0.0%
Q1 19	$0	0.0%
Q1 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$87.2K	1.0%
Q3 24	$70.1K	1.1%
Q3 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 17	$802.4K	$1M
Q2 17	$895.1K	$1M
Q3 17	$892.4K	$1M
Q1 19	$757.2K	$1M
Q1 20	$895.5K	$828.6K
Q3 20	$834.5K	$988.1K
Q4 20	$992.1K	$1M
Q4 23	$919.5K	$1M
Q2 24	$852.9K	$2M
Q3 24	$811.5K	$1M
Q3 25	$794.2K	$3M
Q1 26	$949.8K	$1M

Revenue Segments

Quarter	Operating Segments
Q1 26	$13M

Revenue by Geography

Quarter	Asia	North America
Q3 25	$2.6K	$8M
Q1 26	$11.9K	$13M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$36M	$7M	$43M
Q4 22	$26M	$16M	$43M
Q1 23	$26M	$15M	$41M
Q2 23	$18M	$17M	$35M
Q3 23	$18M	$16M	$34M
Q4 23	$12M	$27M	$39M
Q1 24	$7M	$27M	$34M
Q2 24	$5M	$28M	$33M
Q3 24	$7M	$25M	$32M
Q4 24	$12M	$25M	$37M
Q1 25	$15M	$26M	$41M
Q2 25	$20M	$22M	$42M
Q3 25	$13M	$25M	$38M
Q4 25	$15M	$26M	$41M
Q1 26	$13M	$25M	$39M
Q2 26	$9M	$24M	$34M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 17	11M	—	—
Q2 17	11M	+0.2%	—
Q3 17	11M	-2.2%	—
Q1 19	11M	+1.5%	—
Q1 20	11M	+0.2%	-0.2%
Q3 20	11M	-1.0%	-1.4%
Q4 20	11M	-0.2%	+0.6%
Q4 23	12M	+11.4%	+10.3%
Q2 24	12M	0.0%	+10.1%
Q3 24	12M	0.0%	+11.2%
Q3 25	12M	0.0%	+11.4%
Q1 26	12M	+0.2%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 17	$189.6K	67
Q2 17	$214.2K	67
Q3 17	$145.5K	67
Q1 19	$198.9K	67
Q1 20	$124.9K	71
Q3 20	$219.0K	71
Q4 20	$526.6K	71
Q4 23	$246.4K	69
Q2 24	$128.2K	69
Q3 24	$89.5K	69
Q3 25	$116.1K	69
Q1 26	$190.2K	67

Revenue / Employee