Franklin Wireless Corp. (FKWL) 10-Year Financial Performance & Capital Metrics

FKWL • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

AboutFranklin 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 the Internet of Things (IoT). It offers M2M and IoT solutions that include embedded modules, and modems and gateways built to deliver connectivity supporting various spectrum of applications based on 5G/4G wireless technology. The company directly markets its products to wireless operators, as well as indirectly through strategic partners and distributors located primarily in the North America, the Caribbean and South America, and Asia. Franklin Wireless Corp. was founded in 1981 and is headquartered in San Diego, California.Show more

Revenue $46M +49.6%
EBITDA -$2M +66.4%
Net Income -$243K +93.9%
EPS (Diluted) -0.02 +93.9%
Gross Margin 17.17% +50.8%
EBITDA Margin -4.35% +77.5%
Operating Margin -6.21% +67.8%
Net Margin -0.53% +95.9%
ROE -0.65% +93.7%
ROIC -8.56% +48.1%
Debt/Equity 0.04 -10.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓Trading at only 1.3x book value

✗Weaknesses

✗Sales declining 9.3% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.06%

5Y-9.3%

3Y24.3%

TTM32.05%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM96.31%

EPS CAGR

10Y-

5Y-

3Y-

TTM94.69%

ROCE

10Y Avg5.37%

5Y Avg5.33%

3Y Avg-9.44%

Latest-7.48%

Peer Comparison

IoT Connectivity Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PIImpinj, Inc.	5.17B	171.71	123.53	19.04%	-3.45%	-6.36%	2.15%	1.95
INSGInseego Corp.	179.02M	11.68	116.80	14.32%	-0.12%		18.67%
DGIIDigi International Inc.	1.62B	43.20	40	1.46%	9.48%	6.41%	6.65%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	30.19M	4.88	12.51	-9.57%	6.78%	12.99%	2.57%	0.10
ASNSActelis Networks, Inc.	3.86M	0.48	-0.06	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	22.22M	3.53	-2.63	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	83.97M	7.02	-5.32	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	756.11M	5.65	-13.14		-10.93%	-9.17%		0.64

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	59.8M	48.57M	30.07M	36.47M	75.07M	184.12M	24M	45.95M	30.8M	46.09M
Revenue Growth %	0.29%	-0.19%	-0.38%	0.21%	1.06%	1.45%	-0.87%	0.91%	-0.33%	0.5%
Cost of Goods Sold+	49.88M	39.35M	24.87M	30.73M	60.55M	151.65M	20.18M	38.93M	27.29M	38.17M
COGS % of Revenue	0.83%	0.81%	0.83%	0.84%	0.81%	0.82%	0.84%	0.85%	0.89%	0.83%
Gross Profit+	9.93M	9.22M	5.19M	5.74M	14.52M	32.46M	3.82M	7.02M	3.51M	7.92M
Gross Margin %	0.17%	0.19%	0.17%	0.16%	0.19%	0.18%	0.16%	0.15%	0.11%	0.17%
Gross Profit Growth %	0.18%	-0.07%	-0.44%	0.11%	1.53%	1.24%	-0.88%	0.84%	-0.5%	1.26%
Operating Expenses+	7.81M	8.34M	7.55M	7.78M	7.43M	9.65M	8.79M	9.37M	9.45M	10.78M
OpEx % of Revenue	0.13%	0.17%	0.25%	0.21%	0.1%	0.05%	0.37%	0.2%	0.31%	0.23%
Selling, General & Admin	4.82M	4.9M	4.51M	4.89M	3.7M	5.08M	4.51M	5.45M	6.04M	6.68M
SG&A % of Revenue	0.08%	0.1%	0.15%	0.13%	0.05%	0.03%	0.19%	0.12%	0.2%	0.14%
Research & Development	2.99M	3.45M	3.37M	2.96M	3.75M	4.57M	4.28M	3.92M	3.41M	4.1M
R&D % of Revenue	0.05%	0.07%	0.11%	0.08%	0.05%	0.02%	0.18%	0.09%	0.11%	0.09%
Other Operating Expenses	0	-19.84K	-8.54K	-64.2K	-16.28K	0	0	0	0	0
Operating Income+	2.12M	874.38K	-2.69M	-2.04M	7.08M	22.82M	-4.97M	-2.35M	-5.94M	-2.86M
Operating Margin %	0.04%	0.02%	-0.09%	-0.06%	0.09%	0.12%	-0.21%	-0.05%	-0.19%	-0.06%
Operating Income Growth %	3.14%	-0.59%	-4.08%	0.24%	4.46%	2.22%	-1.22%	0.53%	-1.53%	0.52%
EBITDA+	3.09M	1.49M	-2.08M	-1.53M	8.02M	23.73M	-4M	-1.16M	-5.96M	-2M
EBITDA Margin %	0.05%	0.03%	-0.07%	-0.04%	0.11%	0.13%	-0.17%	-0.03%	-0.19%	-0.04%
EBITDA Growth %	0.56%	-0.52%	-2.4%	0.27%	6.25%	1.96%	-1.17%	0.71%	-4.13%	0.66%
D&A (Non-Cash Add-back)	967.73K	614.49K	607.82K	515.14K	937.06K	912.3K	971.4K	1.19M	-16.35K	860.22K
EBIT	2.12M	1.16M	-2.36M	-2.04M	7.09M	22.97M	-4.88M	-2.31M	-5.92M	-185.6K
Net Interest Income+	10.3K	9.65K	10.01K	138.46K	159.75K	8.79K	71.38K	459.87K	804.15K	695.13K
Interest Income	10.3K	9.65K	10.01K	138.46K	159.75K	8.79K	71.38K	459.87K	804.15K	695.13K
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	92.17K	271.38K	332.32K	204.95K	220.76K	617.17K	265.42K	-1.48M	823.78K	2.68M
Pretax Income+	2.21M	1.15M	-2.36M	-1.9M	7.3M	23.44M	-4.71M	-3.83M	-5.12M	-185.6K
Pretax Margin %	0.04%	0.02%	-0.08%	-0.05%	0.1%	0.13%	-0.2%	-0.08%	-0.17%	-0%
Income Tax+	34.93K	374.59K	-186.97K	-428.75K	1.38M	5.04M	-1.04M	-886.66K	-949.3K	-45.17K
Effective Tax Rate %	0.73%	0.76%	0.89%	0.77%	0.76%	0.76%	0.8%	0.75%	0.77%	1.31%
Net Income+	1.61M	873.96K	-2.09M	-1.47M	5.55M	17.7M	-3.76M	-2.86M	-3.96M	-243.1K
Net Margin %	0.03%	0.02%	-0.07%	-0.04%	0.07%	0.1%	-0.16%	-0.06%	-0.13%	-0.01%
Net Income Growth %	1.12%	-0.46%	-3.39%	0.3%	4.77%	2.19%	-1.21%	0.24%	-0.38%	0.94%
Net Income (Continuing)	2.18M	771.17K	-2.17M	-1.47M	5.92M	18.4M	-3.67M	-2.94M	-4.17M	-140.43K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.1M	1M	921.01K	489.05K	782.01K	1.48M	1.57M	1.49M	1.23M	3.35M
EPS (Diluted)+	0.15	0.08	-0.20	-0.14	0.52	1.53	-0.32	-0.24	-0.34	-0.02
EPS Growth %	1.14%	-0.47%	-3.5%	0.3%	4.71%	1.94%	-1.21%	0.25%	-0.42%	0.94%
EPS (Basic)	0.15	0.08	-0.20	-0.14	0.52	1.56	-0.32	-0.24	-0.34	-0.02
Diluted Shares Outstanding	10.65M	10.66M	10.54M	10.57M	10.72M	11.59M	11.61M	11.74M	11.78M	11.78M
Basic Shares Outstanding	10.41M	10.5M	10.46M	10.57M	10.58M	11.35M	11.61M	11.74M	11.78M	11.78M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	28.17M	28.91M	21.75M	17.14M	61.41M	54.84M	48.39M	51.86M	40.22M	45.18M
Cash & Short-Term Investments	13.16M	14.29M	11.98M	11.83M	33.54M	51.18M	42.61M	38.97M	37.46M	40.63M
Cash Only	13.16M	14.29M	11.98M	6.45M	28.16M	45.8M	26.28M	12.24M	12.27M	14.74M
Short-Term Investments	0	0	0	5.38M	5.38M	5.39M	16.34M	26.73M	25.19M	25.89M
Accounts Receivable	12.38M	11.07M	8.03M	4.18M	16.03M	2.59M	1.36M	9.06M	1.16M	1.99M
Days Sales Outstanding	75.58	83.21	97.51	41.83	77.96	5.14	20.73	71.93	13.69	15.79
Inventory	2.29M	3.38M	1.62M	1.05M	11.78M	975.52K	4.37M	3.8M	1.43M	2.36M
Days Inventory Outstanding	16.72	31.35	23.7	12.5	71.03	2.35	79.08	35.59	19.07	22.55
Other Current Assets	304.46K	19.14K	19.03K	28.04K	21.59K	44.98K	40.94K	36.69K	107.98K	143.67K
Total Non-Current Assets+	3.58M	3.4M	3.39M	4.06M	3.98M	2.95M	3.71M	5.19M	6.5M	6.15M
Property, Plant & Equipment	317.76K	219.94K	124.07K	131.88K	1.36M	904.87K	554.57K	253.75K	1.6M	1.46M
Fixed Asset Turnover	188.20x	220.81x	242.33x	276.53x	55.18x	203.47x	43.27x	181.08x	19.24x	31.67x
Goodwill	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K
Intangible Assets	1.13M	1.11M	996.71K	1.11M	1.13M	1.25M	1.35M	2.18M	1.31M	1.01M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	136.07K	136.65K	139.64K	258.1K	283.37K	140.54K	126.09K	126.55K	131.25K	133.54K
Total Assets+	31.75M	32.31M	25.14M	21.2M	65.39M	57.79M	52.1M	57.05M	46.72M	51.33M
Asset Turnover	1.88x	1.50x	1.20x	1.72x	1.15x	3.19x	0.46x	0.81x	0.66x	0.90x
Asset Growth %	0.28%	0.02%	-0.22%	-0.16%	2.09%	-0.12%	-0.1%	0.1%	-0.18%	0.1%
Total Current Liabilities+	13.53M	13.2M	8.1M	5.92M	42.98M	11.16M	9.28M	16.51M	9.09M	12.42M
Accounts Payable	13.28M	12.86M	7.61M	5.67M	42.08M	9.72M	8.14M	12.95M	7.26M	8.12M
Days Payables Outstanding	97.15	119.32	111.66	67.38	253.69	23.39	147.28	121.43	97.14	77.63
Short-Term Debt	0	0	0	0	0	0	308.83K	159.1K	0	0
Deferred Revenue (Current)	1.9K	52K	228.6K	0	0	0	371.62K	146.49K	158.77K	125.3K
Other Current Liabilities	45.03K	183.15K	24.66K	146.16K	58.47K	73.9K	328.92K	2.68M	0	0
Current Ratio	2.08x	2.19x	2.68x	2.89x	1.43x	4.92x	5.21x	3.14x	4.43x	3.64x
Quick Ratio	1.91x	1.93x	2.49x	2.72x	1.15x	4.83x	4.74x	2.91x	4.27x	3.45x
Cash Conversion Cycle	-4.85	-4.76	9.55	-13.04	-104.7	-15.9	-47.47	-13.91	-64.38	-39.3
Total Non-Current Liabilities+	1.73M	0	0	0	1.27M	467.94K	213.33K	122.23K	1.26M	1.02M
Long-Term Debt	0	0	0	0	487.3K	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	784.23K	467.94K	159.1K	0	1.26M	1.02M
Deferred Tax Liabilities	1.73M	0	0	0	0	0	54.23K	122.24K	0	0
Other Non-Current Liabilities	-1.73M	0	0	0	0	0	0	0	0	0
Total Liabilities	13.53M	13.2M	8.1M	5.92M	44.26M	11.62M	9.49M	16.63M	10.34M	13.44M
Total Debt+	0	0	0	0	1.67M	785.46K	467.94K	159.1K	1.5M	1.39M
Net Debt	-13.16M	-14.29M	-11.98M	-6.45M	-26.49M	-45.01M	-25.81M	-12.08M	-10.77M	-13.35M
Debt / Equity	-	-	-	-	0.08x	0.02x	0.01x	0.00x	0.04x	0.04x
Debt / EBITDA	-	-	-	-	0.21x	0.03x	-	-	-	-
Net Debt / EBITDA	-4.26x	-9.59x	-	-	-3.30x	-1.90x	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	18.22M	19.11M	17.04M	15.27M	21.14M	46.17M	42.6M	40.41M	36.38M	37.89M
Equity Growth %	0.12%	0.05%	-0.11%	-0.1%	0.38%	1.18%	-0.08%	-0.05%	-0.1%	0.04%
Book Value per Share	1.71	1.79	1.62	1.45	1.97	3.98	3.67	3.44	3.09	3.22
Total Shareholders' Equity	17.12M	18.11M	16.11M	14.79M	20.35M	44.69M	41.03M	38.93M	35.15M	34.54M
Common Stock	13.84K	13.92K	13.97K	13.97K	14.01K	14.07K	14.16K	14.26K	14.26K	14.26K
Retained Earnings	14.97M	15.85M	13.75M	12.48M	18.03M	35.73M	31.96M	29.1M	25.14M	24.89M
Treasury Stock	-4.51M	-4.51M	-4.51M	-4.51M	-4.51M	-3.55M	-3.55M	-3.55M	-3.55M	-3.55M
Accumulated OCI	-648.13K	-613.8K	-581.98K	-634.8K	-650.43K	-472.5K	-984.15K	-1.07M	-1.18M	-1.15M
Minority Interest	1.1M	1M	921.01K	489.05K	782.01K	1.48M	1.57M	1.49M	1.23M	3.35M

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	2.71M	1.49M	-2.01M	775.09K	22M	12.1M	-7.41M	-1.88M	-773.36K	1.84M
Operating CF Margin %	0.05%	0.03%	-0.07%	0.02%	0.29%	0.07%	-0.31%	-0.04%	-0.03%	0.04%
Operating CF Growth %	-0.35%	-0.45%	-2.35%	1.39%	27.39%	-0.45%	-1.61%	0.75%	0.59%	3.38%
Net Income	2.18M	771.17K	-2.09M	-1.47M	5.92M	18.4M	-3.67M	-2.94M	-3.96M	-140.43K
Depreciation & Amortization	967.73K	614.49K	607.82K	515.14K	937.06K	912.3K	971.4K	1.19M	-306.2K	860.22K
Stock-Based Compensation	-50K	-25K	0	0	0	380.76K	545.84K	710.87K	295.1K	350.59K
Deferred Taxes	48.51K	356.83K	-191.52K	-429.55K	1.34M	550.64K	-959.89K	-888.08K	-958.76K	-79.7K
Other Non-Cash Items	72.69K	52.49K	67.5K	257.78K	38.5K	-8.92K	-14.62K	-238.31K	397.12K	-1.26M
Working Capital Changes	-507.54K	-281.62K	-400.04K	1.91M	13.77M	-8.13M	-4.28M	290.54K	3.76M	2.12M
Change in Receivables	-6.78M	1.31M	3.04M	3.85M	-11.86M	13.1M	1.21M	-7.6M	7.72M	-311.77K
Change in Inventory	-94.5K	-1.15M	1.61M	304.81K	-10.73M	10.81M	-3.22M	456.23K	2.29M	-993.07K
Change in Payables	5.92M	-413.56K	-5.25M	-1.94M	36.41M	-32.36M	-1.54M	4.91M	-5.69M	855.38K
Cash from Investing+	-1.05M	-499.26K	-399.19K	-6.25M	-794.97K	-722.52K	-11.68M	-12.11M	723.86K	1.01M
Capital Expenditures	-1.06M	-499.26K	-399.19K	-636.15K	-181.75K	-718.4K	-724.4K	-47.11K	-55.02K	-32.77K
CapEx % of Revenue	0.02%	0.01%	0.01%	0.02%	0%	0%	0.03%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-535.39K	-536.53K	0	0	-1.67M	-131.15K	1.48M
Cash from Financing+	-342.44K	104.82K	67K	0	520.43K	6.07M	75.44K	42.94K	91.06K	-408.66K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	104.82K	0	0	33.13K	74.75K	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.65M	989.11K	-2.41M	138.94K	21.29M	11.39M	-8.13M	-3.6M	-959.54K	1.81M
FCF Margin %	0.03%	0.02%	-0.08%	0%	0.28%	0.06%	-0.34%	-0.08%	-0.03%	0.04%
FCF Growth %	-0.59%	-0.4%	-3.43%	1.06%	152.21%	-0.47%	-1.71%	0.56%	0.73%	2.89%
FCF per Share	0.16	0.09	-0.23	0.01	1.99	0.98	-0.70	-0.31	-0.08	0.15
FCF Conversion (FCF/Net Income)	1.68x	1.70x	0.96x	-0.53x	3.96x	0.68x	1.97x	0.66x	0.20x	-7.59x
Interest Paid	10.3K	9.65K	0	0	0	0	0	0	0	0
Taxes Paid	1.04M	14.27K	800	801	800	4.12M	200.35K	800	46K	40.8K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.34%	4.68%	-11.58%	-9.12%	30.49%	52.6%	-8.48%	-6.9%	-10.32%	-0.65%
Return on Invested Capital (ROIC)	32.88%	13.26%	-40.85%	-22.07%	305.72%	1482.2%	-41.58%	-7.81%	-16.52%	-8.56%
Gross Margin	16.6%	18.98%	17.27%	15.74%	19.35%	17.63%	15.9%	15.28%	11.39%	17.17%
Net Margin	2.69%	1.8%	-6.96%	-4.04%	7.39%	9.61%	-15.68%	-6.23%	-12.87%	-0.53%
Debt / Equity	-	-	-	-	0.08x	0.02x	0.01x	0.00x	0.04x	0.04x
FCF Conversion	1.68x	1.70x	0.96x	-0.53x	3.96x	0.68x	1.97x	0.66x	0.20x	-7.59x
Revenue Growth	29.04%	-18.79%	-38.09%	21.3%	105.85%	145.25%	-86.97%	91.47%	-32.98%	49.65%

Revenue by Segment

	2025
Operatings	46.09M
Operatings Growth	-

Revenue by Geography

	2025
North America	46.08M
North America Growth	-
Asia	5.66K
Asia Growth	-

Frequently Asked Questions

Growth & Financials

Franklin Wireless Corp. (FKWL) reported $45.5M in revenue for fiscal year 2025. This represents a 88% increase from $24.3M in 2012.

Franklin Wireless Corp. (FKWL) grew revenue by 49.6% over the past year. This is strong growth.

Franklin Wireless Corp. (FKWL) reported a net loss of $0.1M for fiscal year 2025.

Dividend & Returns

Franklin Wireless Corp. (FKWL) has a return on equity (ROE) of -0.7%. Negative ROE indicates the company is unprofitable.

Franklin Wireless Corp. (FKWL) had negative free cash flow of $2.6M in fiscal year 2025, likely due to heavy capital investments.

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Franklin Wireless Corp. (FKWL) 10-Year Financial Performance & Capital Metrics

FKWL • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

Revenue $46M +49.6%
EBITDA -$2M +66.4%
Net Income -$243K +93.9%
EPS (Diluted) -0.02 +93.9%
Gross Margin 17.17% +50.8%
EBITDA Margin -4.35% +77.5%
Operating Margin -6.21% +67.8%
Net Margin -0.53% +95.9%
ROE -0.65% +93.7%
ROIC -8.56% +48.1%
Debt/Equity 0.04 -10.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓Trading at only 1.3x book value

✗Weaknesses

✗Sales declining 9.3% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.06%

5Y-9.3%

3Y24.3%

TTM32.05%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM96.31%

EPS CAGR

10Y-

5Y-

3Y-

TTM94.69%

ROCE

10Y Avg5.37%

5Y Avg5.33%

3Y Avg-9.44%

Latest-7.48%

Peer Comparison

IoT Connectivity Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PIImpinj, Inc.	5.17B	171.71	123.53	19.04%	-3.45%	-6.36%	2.15%	1.95
INSGInseego Corp.	179.02M	11.68	116.80	14.32%	-0.12%		18.67%
DGIIDigi International Inc.	1.62B	43.20	40	1.46%	9.48%	6.41%	6.65%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	30.19M	4.88	12.51	-9.57%	6.78%	12.99%	2.57%	0.10
ASNSActelis Networks, Inc.	3.86M	0.48	-0.06	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	22.22M	3.53	-2.63	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	83.97M	7.02	-5.32	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	756.11M	5.65	-13.14		-10.93%	-9.17%		0.64

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	59.8M	48.57M	30.07M	36.47M	75.07M	184.12M	24M	45.95M	30.8M	46.09M
Revenue Growth %	0.29%	-0.19%	-0.38%	0.21%	1.06%	1.45%	-0.87%	0.91%	-0.33%	0.5%
Cost of Goods Sold+	49.88M	39.35M	24.87M	30.73M	60.55M	151.65M	20.18M	38.93M	27.29M	38.17M
COGS % of Revenue	0.83%	0.81%	0.83%	0.84%	0.81%	0.82%	0.84%	0.85%	0.89%	0.83%
Gross Profit+	9.93M	9.22M	5.19M	5.74M	14.52M	32.46M	3.82M	7.02M	3.51M	7.92M
Gross Margin %	0.17%	0.19%	0.17%	0.16%	0.19%	0.18%	0.16%	0.15%	0.11%	0.17%
Gross Profit Growth %	0.18%	-0.07%	-0.44%	0.11%	1.53%	1.24%	-0.88%	0.84%	-0.5%	1.26%
Operating Expenses+	7.81M	8.34M	7.55M	7.78M	7.43M	9.65M	8.79M	9.37M	9.45M	10.78M
OpEx % of Revenue	0.13%	0.17%	0.25%	0.21%	0.1%	0.05%	0.37%	0.2%	0.31%	0.23%
Selling, General & Admin	4.82M	4.9M	4.51M	4.89M	3.7M	5.08M	4.51M	5.45M	6.04M	6.68M
SG&A % of Revenue	0.08%	0.1%	0.15%	0.13%	0.05%	0.03%	0.19%	0.12%	0.2%	0.14%
Research & Development	2.99M	3.45M	3.37M	2.96M	3.75M	4.57M	4.28M	3.92M	3.41M	4.1M
R&D % of Revenue	0.05%	0.07%	0.11%	0.08%	0.05%	0.02%	0.18%	0.09%	0.11%	0.09%
Other Operating Expenses	0	-19.84K	-8.54K	-64.2K	-16.28K	0	0	0	0	0
Operating Income+	2.12M	874.38K	-2.69M	-2.04M	7.08M	22.82M	-4.97M	-2.35M	-5.94M	-2.86M
Operating Margin %	0.04%	0.02%	-0.09%	-0.06%	0.09%	0.12%	-0.21%	-0.05%	-0.19%	-0.06%
Operating Income Growth %	3.14%	-0.59%	-4.08%	0.24%	4.46%	2.22%	-1.22%	0.53%	-1.53%	0.52%
EBITDA+	3.09M	1.49M	-2.08M	-1.53M	8.02M	23.73M	-4M	-1.16M	-5.96M	-2M
EBITDA Margin %	0.05%	0.03%	-0.07%	-0.04%	0.11%	0.13%	-0.17%	-0.03%	-0.19%	-0.04%
EBITDA Growth %	0.56%	-0.52%	-2.4%	0.27%	6.25%	1.96%	-1.17%	0.71%	-4.13%	0.66%
D&A (Non-Cash Add-back)	967.73K	614.49K	607.82K	515.14K	937.06K	912.3K	971.4K	1.19M	-16.35K	860.22K
EBIT	2.12M	1.16M	-2.36M	-2.04M	7.09M	22.97M	-4.88M	-2.31M	-5.92M	-185.6K
Net Interest Income+	10.3K	9.65K	10.01K	138.46K	159.75K	8.79K	71.38K	459.87K	804.15K	695.13K
Interest Income	10.3K	9.65K	10.01K	138.46K	159.75K	8.79K	71.38K	459.87K	804.15K	695.13K
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	92.17K	271.38K	332.32K	204.95K	220.76K	617.17K	265.42K	-1.48M	823.78K	2.68M
Pretax Income+	2.21M	1.15M	-2.36M	-1.9M	7.3M	23.44M	-4.71M	-3.83M	-5.12M	-185.6K
Pretax Margin %	0.04%	0.02%	-0.08%	-0.05%	0.1%	0.13%	-0.2%	-0.08%	-0.17%	-0%
Income Tax+	34.93K	374.59K	-186.97K	-428.75K	1.38M	5.04M	-1.04M	-886.66K	-949.3K	-45.17K
Effective Tax Rate %	0.73%	0.76%	0.89%	0.77%	0.76%	0.76%	0.8%	0.75%	0.77%	1.31%
Net Income+	1.61M	873.96K	-2.09M	-1.47M	5.55M	17.7M	-3.76M	-2.86M	-3.96M	-243.1K
Net Margin %	0.03%	0.02%	-0.07%	-0.04%	0.07%	0.1%	-0.16%	-0.06%	-0.13%	-0.01%
Net Income Growth %	1.12%	-0.46%	-3.39%	0.3%	4.77%	2.19%	-1.21%	0.24%	-0.38%	0.94%
Net Income (Continuing)	2.18M	771.17K	-2.17M	-1.47M	5.92M	18.4M	-3.67M	-2.94M	-4.17M	-140.43K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.1M	1M	921.01K	489.05K	782.01K	1.48M	1.57M	1.49M	1.23M	3.35M
EPS (Diluted)+	0.15	0.08	-0.20	-0.14	0.52	1.53	-0.32	-0.24	-0.34	-0.02
EPS Growth %	1.14%	-0.47%	-3.5%	0.3%	4.71%	1.94%	-1.21%	0.25%	-0.42%	0.94%
EPS (Basic)	0.15	0.08	-0.20	-0.14	0.52	1.56	-0.32	-0.24	-0.34	-0.02
Diluted Shares Outstanding	10.65M	10.66M	10.54M	10.57M	10.72M	11.59M	11.61M	11.74M	11.78M	11.78M
Basic Shares Outstanding	10.41M	10.5M	10.46M	10.57M	10.58M	11.35M	11.61M	11.74M	11.78M	11.78M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	28.17M	28.91M	21.75M	17.14M	61.41M	54.84M	48.39M	51.86M	40.22M	45.18M
Cash & Short-Term Investments	13.16M	14.29M	11.98M	11.83M	33.54M	51.18M	42.61M	38.97M	37.46M	40.63M
Cash Only	13.16M	14.29M	11.98M	6.45M	28.16M	45.8M	26.28M	12.24M	12.27M	14.74M
Short-Term Investments	0	0	0	5.38M	5.38M	5.39M	16.34M	26.73M	25.19M	25.89M
Accounts Receivable	12.38M	11.07M	8.03M	4.18M	16.03M	2.59M	1.36M	9.06M	1.16M	1.99M
Days Sales Outstanding	75.58	83.21	97.51	41.83	77.96	5.14	20.73	71.93	13.69	15.79
Inventory	2.29M	3.38M	1.62M	1.05M	11.78M	975.52K	4.37M	3.8M	1.43M	2.36M
Days Inventory Outstanding	16.72	31.35	23.7	12.5	71.03	2.35	79.08	35.59	19.07	22.55
Other Current Assets	304.46K	19.14K	19.03K	28.04K	21.59K	44.98K	40.94K	36.69K	107.98K	143.67K
Total Non-Current Assets+	3.58M	3.4M	3.39M	4.06M	3.98M	2.95M	3.71M	5.19M	6.5M	6.15M
Property, Plant & Equipment	317.76K	219.94K	124.07K	131.88K	1.36M	904.87K	554.57K	253.75K	1.6M	1.46M
Fixed Asset Turnover	188.20x	220.81x	242.33x	276.53x	55.18x	203.47x	43.27x	181.08x	19.24x	31.67x
Goodwill	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K	273.29K
Intangible Assets	1.13M	1.11M	996.71K	1.11M	1.13M	1.25M	1.35M	2.18M	1.31M	1.01M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	136.07K	136.65K	139.64K	258.1K	283.37K	140.54K	126.09K	126.55K	131.25K	133.54K
Total Assets+	31.75M	32.31M	25.14M	21.2M	65.39M	57.79M	52.1M	57.05M	46.72M	51.33M
Asset Turnover	1.88x	1.50x	1.20x	1.72x	1.15x	3.19x	0.46x	0.81x	0.66x	0.90x
Asset Growth %	0.28%	0.02%	-0.22%	-0.16%	2.09%	-0.12%	-0.1%	0.1%	-0.18%	0.1%
Total Current Liabilities+	13.53M	13.2M	8.1M	5.92M	42.98M	11.16M	9.28M	16.51M	9.09M	12.42M
Accounts Payable	13.28M	12.86M	7.61M	5.67M	42.08M	9.72M	8.14M	12.95M	7.26M	8.12M
Days Payables Outstanding	97.15	119.32	111.66	67.38	253.69	23.39	147.28	121.43	97.14	77.63
Short-Term Debt	0	0	0	0	0	0	308.83K	159.1K	0	0
Deferred Revenue (Current)	1.9K	52K	228.6K	0	0	0	371.62K	146.49K	158.77K	125.3K
Other Current Liabilities	45.03K	183.15K	24.66K	146.16K	58.47K	73.9K	328.92K	2.68M	0	0
Current Ratio	2.08x	2.19x	2.68x	2.89x	1.43x	4.92x	5.21x	3.14x	4.43x	3.64x
Quick Ratio	1.91x	1.93x	2.49x	2.72x	1.15x	4.83x	4.74x	2.91x	4.27x	3.45x
Cash Conversion Cycle	-4.85	-4.76	9.55	-13.04	-104.7	-15.9	-47.47	-13.91	-64.38	-39.3
Total Non-Current Liabilities+	1.73M	0	0	0	1.27M	467.94K	213.33K	122.23K	1.26M	1.02M
Long-Term Debt	0	0	0	0	487.3K	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	784.23K	467.94K	159.1K	0	1.26M	1.02M
Deferred Tax Liabilities	1.73M	0	0	0	0	0	54.23K	122.24K	0	0
Other Non-Current Liabilities	-1.73M	0	0	0	0	0	0	0	0	0
Total Liabilities	13.53M	13.2M	8.1M	5.92M	44.26M	11.62M	9.49M	16.63M	10.34M	13.44M
Total Debt+	0	0	0	0	1.67M	785.46K	467.94K	159.1K	1.5M	1.39M
Net Debt	-13.16M	-14.29M	-11.98M	-6.45M	-26.49M	-45.01M	-25.81M	-12.08M	-10.77M	-13.35M
Debt / Equity	-	-	-	-	0.08x	0.02x	0.01x	0.00x	0.04x	0.04x
Debt / EBITDA	-	-	-	-	0.21x	0.03x	-	-	-	-
Net Debt / EBITDA	-4.26x	-9.59x	-	-	-3.30x	-1.90x	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	18.22M	19.11M	17.04M	15.27M	21.14M	46.17M	42.6M	40.41M	36.38M	37.89M
Equity Growth %	0.12%	0.05%	-0.11%	-0.1%	0.38%	1.18%	-0.08%	-0.05%	-0.1%	0.04%
Book Value per Share	1.71	1.79	1.62	1.45	1.97	3.98	3.67	3.44	3.09	3.22
Total Shareholders' Equity	17.12M	18.11M	16.11M	14.79M	20.35M	44.69M	41.03M	38.93M	35.15M	34.54M
Common Stock	13.84K	13.92K	13.97K	13.97K	14.01K	14.07K	14.16K	14.26K	14.26K	14.26K
Retained Earnings	14.97M	15.85M	13.75M	12.48M	18.03M	35.73M	31.96M	29.1M	25.14M	24.89M
Treasury Stock	-4.51M	-4.51M	-4.51M	-4.51M	-4.51M	-3.55M	-3.55M	-3.55M	-3.55M	-3.55M
Accumulated OCI	-648.13K	-613.8K	-581.98K	-634.8K	-650.43K	-472.5K	-984.15K	-1.07M	-1.18M	-1.15M
Minority Interest	1.1M	1M	921.01K	489.05K	782.01K	1.48M	1.57M	1.49M	1.23M	3.35M

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	2.71M	1.49M	-2.01M	775.09K	22M	12.1M	-7.41M	-1.88M	-773.36K	1.84M
Operating CF Margin %	0.05%	0.03%	-0.07%	0.02%	0.29%	0.07%	-0.31%	-0.04%	-0.03%	0.04%
Operating CF Growth %	-0.35%	-0.45%	-2.35%	1.39%	27.39%	-0.45%	-1.61%	0.75%	0.59%	3.38%
Net Income	2.18M	771.17K	-2.09M	-1.47M	5.92M	18.4M	-3.67M	-2.94M	-3.96M	-140.43K
Depreciation & Amortization	967.73K	614.49K	607.82K	515.14K	937.06K	912.3K	971.4K	1.19M	-306.2K	860.22K
Stock-Based Compensation	-50K	-25K	0	0	0	380.76K	545.84K	710.87K	295.1K	350.59K
Deferred Taxes	48.51K	356.83K	-191.52K	-429.55K	1.34M	550.64K	-959.89K	-888.08K	-958.76K	-79.7K
Other Non-Cash Items	72.69K	52.49K	67.5K	257.78K	38.5K	-8.92K	-14.62K	-238.31K	397.12K	-1.26M
Working Capital Changes	-507.54K	-281.62K	-400.04K	1.91M	13.77M	-8.13M	-4.28M	290.54K	3.76M	2.12M
Change in Receivables	-6.78M	1.31M	3.04M	3.85M	-11.86M	13.1M	1.21M	-7.6M	7.72M	-311.77K
Change in Inventory	-94.5K	-1.15M	1.61M	304.81K	-10.73M	10.81M	-3.22M	456.23K	2.29M	-993.07K
Change in Payables	5.92M	-413.56K	-5.25M	-1.94M	36.41M	-32.36M	-1.54M	4.91M	-5.69M	855.38K
Cash from Investing+	-1.05M	-499.26K	-399.19K	-6.25M	-794.97K	-722.52K	-11.68M	-12.11M	723.86K	1.01M
Capital Expenditures	-1.06M	-499.26K	-399.19K	-636.15K	-181.75K	-718.4K	-724.4K	-47.11K	-55.02K	-32.77K
CapEx % of Revenue	0.02%	0.01%	0.01%	0.02%	0%	0%	0.03%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-535.39K	-536.53K	0	0	-1.67M	-131.15K	1.48M
Cash from Financing+	-342.44K	104.82K	67K	0	520.43K	6.07M	75.44K	42.94K	91.06K	-408.66K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	104.82K	0	0	33.13K	74.75K	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.65M	989.11K	-2.41M	138.94K	21.29M	11.39M	-8.13M	-3.6M	-959.54K	1.81M
FCF Margin %	0.03%	0.02%	-0.08%	0%	0.28%	0.06%	-0.34%	-0.08%	-0.03%	0.04%
FCF Growth %	-0.59%	-0.4%	-3.43%	1.06%	152.21%	-0.47%	-1.71%	0.56%	0.73%	2.89%
FCF per Share	0.16	0.09	-0.23	0.01	1.99	0.98	-0.70	-0.31	-0.08	0.15
FCF Conversion (FCF/Net Income)	1.68x	1.70x	0.96x	-0.53x	3.96x	0.68x	1.97x	0.66x	0.20x	-7.59x
Interest Paid	10.3K	9.65K	0	0	0	0	0	0	0	0
Taxes Paid	1.04M	14.27K	800	801	800	4.12M	200.35K	800	46K	40.8K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.34%	4.68%	-11.58%	-9.12%	30.49%	52.6%	-8.48%	-6.9%	-10.32%	-0.65%
Return on Invested Capital (ROIC)	32.88%	13.26%	-40.85%	-22.07%	305.72%	1482.2%	-41.58%	-7.81%	-16.52%	-8.56%
Gross Margin	16.6%	18.98%	17.27%	15.74%	19.35%	17.63%	15.9%	15.28%	11.39%	17.17%
Net Margin	2.69%	1.8%	-6.96%	-4.04%	7.39%	9.61%	-15.68%	-6.23%	-12.87%	-0.53%
Debt / Equity	-	-	-	-	0.08x	0.02x	0.01x	0.00x	0.04x	0.04x
FCF Conversion	1.68x	1.70x	0.96x	-0.53x	3.96x	0.68x	1.97x	0.66x	0.20x	-7.59x
Revenue Growth	29.04%	-18.79%	-38.09%	21.3%	105.85%	145.25%	-86.97%	91.47%	-32.98%	49.65%

Revenue by Segment

	2025
Operatings	46.09M
Operatings Growth	-

Revenue by Geography

	2025
North America	46.08M
North America Growth	-
Asia	5.66K
Asia Growth	-

Frequently Asked Questions

Growth & Financials

Franklin Wireless Corp. (FKWL) reported $45.5M in revenue for fiscal year 2025. This represents a 88% increase from $24.3M in 2012.

Franklin Wireless Corp. (FKWL) grew revenue by 49.6% over the past year. This is strong growth.

Franklin Wireless Corp. (FKWL) reported a net loss of $0.1M for fiscal year 2025.

Dividend & Returns

Franklin Wireless Corp. (FKWL) has a return on equity (ROE) of -0.7%. Negative ROE indicates the company is unprofitable.

Franklin Wireless Corp. (FKWL) had negative free cash flow of $2.6M in fiscal year 2025, likely due to heavy capital investments.