FiEE, Inc. (FIEE) 10-Year Financial Performance & Capital Metrics

FIEE • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

AboutFiEE, Inc., together with its subsidiaries, designs, develops, sells, and supports an Internet of Things security platform in North America and internationally. It offers hardware products, including cable modems, cable modem/routers, gateways, mobile broadband modems, wireless routers, multimedia over coax adapters, mesh home networking devices, and other local area network products. The company also provides Minim mobile applications for end users to personalize and monitor their home and office network for speed testing, data usage tracking, security alerts, malware blocking, privacy settings, and parental controls; and Minim web application that enables technical support representatives of Internet Service Providers (ISPs) and businesses to offer remote support with network insights. In addition, it offers Minim API suite and MinimOS for third-party hardware vendors, ISPs, and other partners to integrate with the Minim platform and functionality; to manage their own account data; and to integrate with third-party router firmware. The company offers its products under the ZOOM, Motorola, and Minim brands. It sells its products through direct sales force and commissioned independent sales representatives to retailers; and retailers, distributors, ISPs, individual businesses, service providers, value-added resellers, PC system integrators, original equipment manufacturers, channel resellers, electronics distributors, and e-commerce platforms. The company was formerly known as ZoomTelephonics, Inc. and changed its name to Minim, Inc. in June 2021. Minim, Inc. was incorporated in 1977 and is headquartered in Manchester, New Hampshire.Show more

Revenue $640K -97.5%
EBITDA -$4M +76.5%
Net Income -$4M +76.0%
EPS (Diluted) -1.34 +85.2%
Gross Margin 32.39% +1695.7%
EBITDA Margin -604.07% -859.0%
Operating Margin -661.92% -904.3%
Net Margin -660.15% -877.3%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 91 (top 9%)
✓Efficient asset utilization: 2.1x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Sales declining 55.7% over 5 years
✗Shares diluted 62.7% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-25.35%

5Y-55.73%

3Y-77.4%

TTM-5.65%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM79.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM89.15%

ROCE

10Y Avg-58.49%

5Y Avg-87.04%

3Y Avg-130.96%

Latest-

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.	5.46B	181.36	130.47	19.04%	-3.45%	-6.36%	2.04%	1.95
INSGInseego Corp.	163.7M	10.68	106.80	14.32%	-0.12%		20.42%
DGIIDigi International Inc.	1.61B	42.73	39.56	1.46%	9.48%	6.41%	6.72%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	31.05M	5.02	12.87	-9.57%	6.78%	12.99%	2.5%	0.10
ASNSActelis Networks, Inc.	3.52M	0.44	-0.05	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	21.66M	3.44	-2.57	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	94.26M	7.88	-5.97	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	749.42M	5.60	-13.02		-10.93%	-9.17%		0.64

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	10.79M	17.83M	29.42M	32.32M	37.61M	47.99M	55.42M	50.62M	26.11M	639.89K
Revenue Growth %	-0.09%	0.65%	0.65%	0.1%	0.16%	0.28%	0.15%	-0.09%	-0.48%	-0.98%
Cost of Goods Sold+	7.39M	12.47M	19.18M	20.68M	26.71M	34.38M	37.89M	38.7M	25.64M	432.63K
COGS % of Revenue	0.68%	0.7%	0.65%	0.64%	0.71%	0.72%	0.68%	0.76%	0.98%	0.68%
Gross Profit+	3.4M	5.37M	10.24M	11.64M	10.91M	13.61M	17.53M	11.93M	470.89K	207.26K
Gross Margin %	0.32%	0.3%	0.35%	0.36%	0.29%	0.28%	0.32%	0.24%	0.02%	0.32%
Gross Profit Growth %	-0.03%	0.58%	0.91%	0.14%	-0.06%	0.25%	0.29%	-0.32%	-0.96%	-0.56%
Operating Expenses+	4.14M	8.25M	11.45M	11.59M	14.13M	18.43M	20.85M	26.97M	17.68M	4.44M
OpEx % of Revenue	0.38%	0.46%	0.39%	0.36%	0.38%	0.38%	0.38%	0.53%	0.68%	6.94%
Selling, General & Admin	2.8M	6.73M	8.68M	9.82M	11.89M	14.6M	14.68M	21.15M	14.23M	2.13M
SG&A % of Revenue	0.26%	0.38%	0.29%	0.3%	0.32%	0.3%	0.26%	0.42%	0.55%	3.33%
Research & Development	1.34M	1.52M	1.95M	1.77M	2.24M	3.83M	6.17M	5.83M	3.45M	113.29K
R&D % of Revenue	0.12%	0.09%	0.07%	0.05%	0.06%	0.08%	0.11%	0.12%	0.13%	0.18%
Other Operating Expenses	11	12.58K	-140K	-101K	0	0	89	2K	0	2.2M
Operating Income+	-740K	-2.88M	-1.21M	53K	-3.22M	-4.82M	-3.32M	-15.05M	-17.21M	-4.24M
Operating Margin %	-0.07%	-0.16%	-0.04%	0%	-0.09%	-0.1%	-0.06%	-0.3%	-0.66%	-6.62%
Operating Income Growth %	-4.29%	-2.9%	0.58%	1.04%	-61.78%	-0.5%	0.31%	-3.54%	-0.14%	0.75%
EBITDA+	-618.97K	-2.34M	-711.92K	398.08K	-2.61M	-4.45M	-2.79M	-14.35M	-16.44M	-3.87M
EBITDA Margin %	-0.06%	-0.13%	-0.02%	0.01%	-0.07%	-0.09%	-0.05%	-0.28%	-0.63%	-6.04%
EBITDA Growth %	-3.73%	-2.78%	0.7%	1.56%	-7.56%	-0.7%	0.37%	-4.14%	-0.15%	0.76%
D&A (Non-Cash Add-back)	121.03K	544.69K	500.08K	345.08K	608.3K	372.18K	525.14K	697.06K	763.11K	370.18K
EBIT	-753.41K	-2.87M	-1.25M	29.92K	-3.2M	-3.78M	-1.86M	-15.04M	-17.21M	-4.24M
Net Interest Income+	-71.92K	-54.2K	-98.66K	-78.11K	-34.43K	-47.47K	-226.24K	-394.16K	-383.4K	82
Interest Income	444	254	100	285	13.97K	1.08K	44.17K	457	2.55K	82
Interest Expense	72.36K	54.45K	98.76K	78.4K	48.4K	48.55K	270.41K	394.62K	385.95K	0
Other Income/Expense	-85.5K	-41.62K	-140.01K	-101.16K	-29.71K	988.59K	1.18M	-391.24K	-384.71K	82
Pretax Income+	-826K	-2.93M	-1.35M	-48K	-3.25M	-3.83M	-2.13M	-15.44M	-17.59M	-4.24M
Pretax Margin %	-0.08%	-0.16%	-0.05%	-0%	-0.09%	-0.08%	-0.04%	-0.3%	-0.67%	-6.62%
Income Tax+	7K	7K	15K	26K	24.86K	27K	64K	112K	42.62K	-11.22K
Effective Tax Rate %	1.01%	1%	1.01%	1.54%	1.01%	1.01%	1.03%	1.01%	1%	1%
Net Income+	-833K	-2.93M	-1.37M	-74K	-3.28M	-3.86M	-2.2M	-15.55M	-17.63M	-4.22M
Net Margin %	-0.08%	-0.16%	-0.05%	-0%	-0.09%	-0.08%	-0.04%	-0.31%	-0.68%	-6.6%
Net Income Growth %	-7.8%	-2.52%	0.53%	0.95%	-43.27%	-0.18%	0.43%	-6.07%	-0.13%	0.76%
Net Income (Continuing)	-833.14K	-2.93M	-1.37M	-74.28K	-3.28M	-3.86M	-2.2M	-15.55M	-17.63M	-4.22M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.20	-5.27	-2.29	-0.12	-4.54	-3.81	-2.25	-8.38	-9.08	-1.34
EPS Growth %	-5.4%	-1.4%	0.57%	0.95%	-36.83%	0.16%	0.41%	-2.72%	-0.08%	0.85%
EPS (Basic)	-2.20	-5.27	-2.29	-0.12	-4.54	-3.81	-2.25	-8.38	-9.08	-1.34
Diluted Shares Outstanding	378.83K	556.32K	596.69K	638.27K	722.04K	1.01M	1.59M	1.86M	1.94M	3.16M
Basic Shares Outstanding	378.83K	556.32K	596.69K	638.27K	722.04K	1.01M	1.59M	1.86M	1.94M	3.16M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.09M	8.26M	8.24M	11.73M	13.15M	27.68M	52.43M	29.56M	11.4M	164.92K
Cash & Short-Term Investments	1.85M	180K	229K	126K	1.22M	771.76K	12.57M	530.11K	709.32K	30.16K
Cash Only	1.85M	180K	229K	126K	1.22M	771.76K	12.57M	530.11K	709.32K	30.16K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.08M	2.5M	2.23M	2.76M	4.07M	9.2M	4.88M	2.76M	701.38K	0
Days Sales Outstanding	36.5	51.13	27.66	31.17	39.5	70	32.14	19.89	9.81	-
Inventory	2.79M	4.93M	5.2M	7.93M	7.44M	16.5M	33.89M	25.42M	9.95M	0
Days Inventory Outstanding	137.59	144.25	99.01	139.94	101.68	175.22	326.45	239.73	141.71	-
Other Current Assets	381.2K	0	578.41K	194.95K	417.91K	800K	500K	860.74K	35.77K	134.76K
Total Non-Current Assets+	778K	765K	554K	483K	755.15K	1.93M	1.87M	1.4M	960.85K	142.12K
Property, Plant & Equipment	205K	176K	162K	261K	405.82K	542.01K	1M	810.45K	455.02K	119.87K
Fixed Asset Turnover	52.63x	101.33x	181.59x	123.84x	92.69x	88.54x	55.18x	62.46x	57.37x	5.34x
Goodwill	0	0	0	0	0	58.87K	58.87K	0	0	0
Intangible Assets	0	0	0	0	0	388.63K	262.7K	73.3K	33.25K	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	573K	589K	392K	222K	349.33K	942.4K	544.74K	511.8K	472.59K	22.25K
Total Assets+	6.87M	9.02M	8.79M	12.22M	13.9M	29.61M	54.3M	30.96M	12.36M	307.04K
Asset Turnover	1.57x	1.98x	3.35x	2.65x	2.71x	1.62x	1.02x	1.64x	2.11x	2.08x
Asset Growth %	0.71%	0.31%	-0.03%	0.39%	0.14%	1.13%	0.83%	-0.43%	-0.6%	-0.98%
Total Current Liabilities+	1.72M	4.86M	5.62M	8.34M	7.79M	21.78M	23.27M	13.82M	12.24M	437.03K
Accounts Payable	1.42M	2.5M	3.53M	4.37M	5.02M	11.74M	12.46M	2.84M	11.14M	143.41K
Days Payables Outstanding	70.33	73.26	67.13	77.12	68.67	124.68	120	26.76	158.67	120.99
Short-Term Debt	0	1.31M	90.26K	1.74M	0	2.51M	5.1M	5.76M	0	0
Deferred Revenue (Current)	0	384	1000K	439	901.2K	0	291.3K	633.54K	0	0
Other Current Liabilities	0	0	0	611.72K	0	1.56M	1.96M	1.23M	697.88K	26.91K
Current Ratio	3.55x	1.70x	1.47x	1.41x	1.69x	1.27x	2.25x	2.14x	0.93x	0.38x
Quick Ratio	1.93x	0.69x	0.54x	0.46x	0.73x	0.51x	0.80x	0.30x	0.12x	0.38x
Cash Conversion Cycle	103.77	122.12	59.55	93.99	72.51	120.53	238.59	232.86	-7.15	-
Total Non-Current Liabilities+	0	0	0	0	0	37.48K	542.26K	794.25K	0	0
Long-Term Debt	0	0	0	0	0	15.24K	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	22.23K	98.81K	22.51K	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.72M	4.86M	5.62M	8.34M	7.79M	21.82M	23.81M	14.62M	12.24M	437.03K
Total Debt+	0	1.31M	90K	1.74M	102.72K	2.61M	5.34M	5.93M	22.51K	0
Net Debt	-1.85M	1.13M	-139K	1.61M	-1.11M	1.84M	-7.23M	5.4M	-686.81K	-30.16K
Debt / Equity	-	0.31x	0.03x	0.45x	0.02x	0.34x	0.18x	0.36x	0.19x	-
Debt / EBITDA	-	-	-	4.37x	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	4.06x	-	-	-	-	-	-
Interest Coverage	-10.23x	-52.96x	-12.27x	0.68x	-66.55x	-99.28x	-12.27x	-38.13x	-44.58x	-
Total Equity+	5.15M	4.16M	3.17M	3.88M	6.11M	7.79M	30.49M	16.34M	115.92K	-130K
Equity Growth %	1.39%	-0.19%	-0.24%	0.22%	0.58%	0.28%	2.91%	-0.46%	-0.99%	-2.12%
Book Value per Share	13.60	7.48	5.32	6.07	8.46	7.70	19.17	8.81	0.06	-0.04
Total Shareholders' Equity	5.15M	4.16M	3.17M	3.88M	6.11M	7.79M	30.49M	16.34M	115.92K	-130K
Common Stock	134.78K	146.85K	40.42M	41.2M	209.3K	350.75K	458.85K	469.49K	479.33K	490.14K
Retained Earnings	-32.95M	-35.88M	-37.25M	-37.32M	-40.6M	-57.09M	-59.29M	-74.83M	-92.47M	-96.69M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-553.47K	-641.02K	-754.98K	-891.99K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-370.86K	-4.21M	1.33M	-1.8M	-1.54M	-7.09M	-14.27M	-12.17M	4.85M	-3.77M
Operating CF Margin %	-0.03%	-0.24%	0.05%	-0.06%	-0.04%	-0.15%	-0.26%	-0.24%	0.19%	-5.89%
Operating CF Growth %	0.1%	-10.34%	1.32%	-2.35%	0.15%	-3.62%	-1.01%	0.15%	1.4%	-1.78%
Net Income	-833.14K	-2.93M	-1.37M	-74.28K	-3.28M	-3.86M	-2.2M	-15.55M	-17.63M	-4.22M
Depreciation & Amortization	121.03K	544.69K	500.08K	365.08K	608.3K	372.18K	1.1M	1.01M	763.11K	370.18K
Stock-Based Compensation	75.53K	177.96K	196.31K	399.78K	505.19K	440.86K	996.94K	1.17M	279.39K	897.16K
Deferred Taxes	-61.37K	-138.02K	0	0	0	0	0	0	0	0
Other Non-Cash Items	75.53K	177.96K	199.68K	-78.78K	283.8K	-1.16M	760.82K	1.96M	204.5K	1.89M
Working Capital Changes	251.55K	-2.03M	1.81M	-2.42M	341.69K	-2.89M	-14.93M	-760.99K	21.24M	-2.7M
Change in Receivables	735.78K	-1.43M	269.42K	-530.01K	-1.57M	-4.97M	4.26M	2.22M	1.88M	1.01M
Change in Inventory	-1.08M	-2.17M	-476.05K	-2.65M	468.34K	-8.87M	-18.03M	6.69M	15.46M	404.3K
Change in Payables	-3.78M	-1.83M	-606.33K	-2.63M	1.12M	6.67M	862.45K	-9.62M	8.31M	-3.25M
Cash from Investing+	-832.07K	-531.16K	-249.79K	-329.91K	-484.25K	-578.09K	-681.83K	-695.02K	-381.87K	11.64K
Capital Expenditures	-177.07K	-58.16K	-99.79K	-236.91K	-484.25K	-302.52K	-593.12K	-276.67K	-162.27K	0
CapEx % of Revenue	0.02%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-655K	-473K	-150K	-93K	-310K	-777.41K	-88.71K	-418.35K	-219.59K	11.64K
Cash from Financing+	2.91M	3.07M	-1.04M	2.03M	3.26M	7.88M	26.45M	824.75K	-4.79M	3.08M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	315.58K	233.31K	181.06K	379.26K	60.65K	1.37M	1.02M	236.8K	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-547.93K	-4.26M	1.23M	-2.04M	-2.02M	-8.17M	-14.95M	-12.87M	4.47M	-3.77M
FCF Margin %	-0.05%	-0.24%	0.04%	-0.06%	-0.05%	-0.17%	-0.27%	-0.25%	0.17%	-5.89%
FCF Growth %	-0.26%	-6.78%	1.29%	-2.65%	0.01%	-3.04%	-0.83%	0.14%	1.35%	-1.84%
FCF per Share	-1.45	-7.66	2.07	-3.20	-2.80	-8.08	-9.40	-6.93	2.30	-1.19
FCF Conversion (FCF/Net Income)	0.45x	1.43x	-0.98x	24.37x	0.47x	1.84x	6.49x	0.78x	-0.28x	0.89x
Interest Paid	-72.36K	54.45K	98.76K	78.4K	48.4K	48.47K	270.41K	394.62K	238.33K	0
Taxes Paid	-7.36K	7.07K	14.66K	25.8K	31.77K	26.72K	63.77K	88.35K	42.62K	11.13K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-22.78%	-62.97%	-37.28%	-2.1%	-65.61%	-55.51%	-11.49%	-66.4%	-214.26%	-
Return on Invested Capital (ROIC)	-18%	-50.33%	-21.85%	0.93%	-46.08%	-49.44%	-15.13%	-50.15%	-121.88%	-
Gross Margin	31.53%	30.09%	34.81%	36.02%	28.99%	28.35%	31.63%	23.56%	1.8%	32.39%
Net Margin	-7.72%	-16.45%	-4.65%	-0.23%	-8.71%	-8.04%	-3.97%	-30.72%	-67.55%	-660.15%
Debt / Equity	-	0.31x	0.03x	0.45x	0.02x	0.34x	0.18x	0.36x	0.19x	-
Interest Coverage	-10.23x	-52.96x	-12.27x	0.68x	-66.55x	-99.28x	-12.27x	-38.13x	-44.58x	-
FCF Conversion	0.45x	1.43x	-0.98x	24.37x	0.47x	1.84x	6.49x	0.78x	-0.28x	0.89x
Revenue Growth	-9.34%	65.28%	64.95%	9.87%	16.37%	27.58%	15.49%	-8.66%	-48.43%	-97.55%

Frequently Asked Questions

Growth & Financials

FiEE, Inc. (FIEE) reported $2.0M in revenue for fiscal year 2024. This represents a 84% decrease from $12.7M in 2011.

FiEE, Inc. (FIEE) saw revenue decline by 97.5% over the past year.

FiEE, Inc. (FIEE) reported a net loss of $1.1M for fiscal year 2024.

Dividend & Returns

FiEE, Inc. (FIEE) generated $2.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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FiEE, Inc. (FIEE) 10-Year Financial Performance & Capital Metrics

FIEE • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

Revenue $640K -97.5%
EBITDA -$4M +76.5%
Net Income -$4M +76.0%
EPS (Diluted) -1.34 +85.2%
Gross Margin 32.39% +1695.7%
EBITDA Margin -604.07% -859.0%
Operating Margin -661.92% -904.3%
Net Margin -660.15% -877.3%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 91 (top 9%)
✓Efficient asset utilization: 2.1x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Sales declining 55.7% over 5 years
✗Shares diluted 62.7% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-25.35%

5Y-55.73%

3Y-77.4%

TTM-5.65%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM79.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM89.15%

ROCE

10Y Avg-58.49%

5Y Avg-87.04%

3Y Avg-130.96%

Latest-

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.	5.46B	181.36	130.47	19.04%	-3.45%	-6.36%	2.04%	1.95
INSGInseego Corp.	163.7M	10.68	106.80	14.32%	-0.12%		20.42%
DGIIDigi International Inc.	1.61B	42.73	39.56	1.46%	9.48%	6.41%	6.72%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	31.05M	5.02	12.87	-9.57%	6.78%	12.99%	2.5%	0.10
ASNSActelis Networks, Inc.	3.52M	0.44	-0.05	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	21.66M	3.44	-2.57	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	94.26M	7.88	-5.97	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	749.42M	5.60	-13.02		-10.93%	-9.17%		0.64

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	10.79M	17.83M	29.42M	32.32M	37.61M	47.99M	55.42M	50.62M	26.11M	639.89K
Revenue Growth %	-0.09%	0.65%	0.65%	0.1%	0.16%	0.28%	0.15%	-0.09%	-0.48%	-0.98%
Cost of Goods Sold+	7.39M	12.47M	19.18M	20.68M	26.71M	34.38M	37.89M	38.7M	25.64M	432.63K
COGS % of Revenue	0.68%	0.7%	0.65%	0.64%	0.71%	0.72%	0.68%	0.76%	0.98%	0.68%
Gross Profit+	3.4M	5.37M	10.24M	11.64M	10.91M	13.61M	17.53M	11.93M	470.89K	207.26K
Gross Margin %	0.32%	0.3%	0.35%	0.36%	0.29%	0.28%	0.32%	0.24%	0.02%	0.32%
Gross Profit Growth %	-0.03%	0.58%	0.91%	0.14%	-0.06%	0.25%	0.29%	-0.32%	-0.96%	-0.56%
Operating Expenses+	4.14M	8.25M	11.45M	11.59M	14.13M	18.43M	20.85M	26.97M	17.68M	4.44M
OpEx % of Revenue	0.38%	0.46%	0.39%	0.36%	0.38%	0.38%	0.38%	0.53%	0.68%	6.94%
Selling, General & Admin	2.8M	6.73M	8.68M	9.82M	11.89M	14.6M	14.68M	21.15M	14.23M	2.13M
SG&A % of Revenue	0.26%	0.38%	0.29%	0.3%	0.32%	0.3%	0.26%	0.42%	0.55%	3.33%
Research & Development	1.34M	1.52M	1.95M	1.77M	2.24M	3.83M	6.17M	5.83M	3.45M	113.29K
R&D % of Revenue	0.12%	0.09%	0.07%	0.05%	0.06%	0.08%	0.11%	0.12%	0.13%	0.18%
Other Operating Expenses	11	12.58K	-140K	-101K	0	0	89	2K	0	2.2M
Operating Income+	-740K	-2.88M	-1.21M	53K	-3.22M	-4.82M	-3.32M	-15.05M	-17.21M	-4.24M
Operating Margin %	-0.07%	-0.16%	-0.04%	0%	-0.09%	-0.1%	-0.06%	-0.3%	-0.66%	-6.62%
Operating Income Growth %	-4.29%	-2.9%	0.58%	1.04%	-61.78%	-0.5%	0.31%	-3.54%	-0.14%	0.75%
EBITDA+	-618.97K	-2.34M	-711.92K	398.08K	-2.61M	-4.45M	-2.79M	-14.35M	-16.44M	-3.87M
EBITDA Margin %	-0.06%	-0.13%	-0.02%	0.01%	-0.07%	-0.09%	-0.05%	-0.28%	-0.63%	-6.04%
EBITDA Growth %	-3.73%	-2.78%	0.7%	1.56%	-7.56%	-0.7%	0.37%	-4.14%	-0.15%	0.76%
D&A (Non-Cash Add-back)	121.03K	544.69K	500.08K	345.08K	608.3K	372.18K	525.14K	697.06K	763.11K	370.18K
EBIT	-753.41K	-2.87M	-1.25M	29.92K	-3.2M	-3.78M	-1.86M	-15.04M	-17.21M	-4.24M
Net Interest Income+	-71.92K	-54.2K	-98.66K	-78.11K	-34.43K	-47.47K	-226.24K	-394.16K	-383.4K	82
Interest Income	444	254	100	285	13.97K	1.08K	44.17K	457	2.55K	82
Interest Expense	72.36K	54.45K	98.76K	78.4K	48.4K	48.55K	270.41K	394.62K	385.95K	0
Other Income/Expense	-85.5K	-41.62K	-140.01K	-101.16K	-29.71K	988.59K	1.18M	-391.24K	-384.71K	82
Pretax Income+	-826K	-2.93M	-1.35M	-48K	-3.25M	-3.83M	-2.13M	-15.44M	-17.59M	-4.24M
Pretax Margin %	-0.08%	-0.16%	-0.05%	-0%	-0.09%	-0.08%	-0.04%	-0.3%	-0.67%	-6.62%
Income Tax+	7K	7K	15K	26K	24.86K	27K	64K	112K	42.62K	-11.22K
Effective Tax Rate %	1.01%	1%	1.01%	1.54%	1.01%	1.01%	1.03%	1.01%	1%	1%
Net Income+	-833K	-2.93M	-1.37M	-74K	-3.28M	-3.86M	-2.2M	-15.55M	-17.63M	-4.22M
Net Margin %	-0.08%	-0.16%	-0.05%	-0%	-0.09%	-0.08%	-0.04%	-0.31%	-0.68%	-6.6%
Net Income Growth %	-7.8%	-2.52%	0.53%	0.95%	-43.27%	-0.18%	0.43%	-6.07%	-0.13%	0.76%
Net Income (Continuing)	-833.14K	-2.93M	-1.37M	-74.28K	-3.28M	-3.86M	-2.2M	-15.55M	-17.63M	-4.22M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.20	-5.27	-2.29	-0.12	-4.54	-3.81	-2.25	-8.38	-9.08	-1.34
EPS Growth %	-5.4%	-1.4%	0.57%	0.95%	-36.83%	0.16%	0.41%	-2.72%	-0.08%	0.85%
EPS (Basic)	-2.20	-5.27	-2.29	-0.12	-4.54	-3.81	-2.25	-8.38	-9.08	-1.34
Diluted Shares Outstanding	378.83K	556.32K	596.69K	638.27K	722.04K	1.01M	1.59M	1.86M	1.94M	3.16M
Basic Shares Outstanding	378.83K	556.32K	596.69K	638.27K	722.04K	1.01M	1.59M	1.86M	1.94M	3.16M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.09M	8.26M	8.24M	11.73M	13.15M	27.68M	52.43M	29.56M	11.4M	164.92K
Cash & Short-Term Investments	1.85M	180K	229K	126K	1.22M	771.76K	12.57M	530.11K	709.32K	30.16K
Cash Only	1.85M	180K	229K	126K	1.22M	771.76K	12.57M	530.11K	709.32K	30.16K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.08M	2.5M	2.23M	2.76M	4.07M	9.2M	4.88M	2.76M	701.38K	0
Days Sales Outstanding	36.5	51.13	27.66	31.17	39.5	70	32.14	19.89	9.81	-
Inventory	2.79M	4.93M	5.2M	7.93M	7.44M	16.5M	33.89M	25.42M	9.95M	0
Days Inventory Outstanding	137.59	144.25	99.01	139.94	101.68	175.22	326.45	239.73	141.71	-
Other Current Assets	381.2K	0	578.41K	194.95K	417.91K	800K	500K	860.74K	35.77K	134.76K
Total Non-Current Assets+	778K	765K	554K	483K	755.15K	1.93M	1.87M	1.4M	960.85K	142.12K
Property, Plant & Equipment	205K	176K	162K	261K	405.82K	542.01K	1M	810.45K	455.02K	119.87K
Fixed Asset Turnover	52.63x	101.33x	181.59x	123.84x	92.69x	88.54x	55.18x	62.46x	57.37x	5.34x
Goodwill	0	0	0	0	0	58.87K	58.87K	0	0	0
Intangible Assets	0	0	0	0	0	388.63K	262.7K	73.3K	33.25K	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	573K	589K	392K	222K	349.33K	942.4K	544.74K	511.8K	472.59K	22.25K
Total Assets+	6.87M	9.02M	8.79M	12.22M	13.9M	29.61M	54.3M	30.96M	12.36M	307.04K
Asset Turnover	1.57x	1.98x	3.35x	2.65x	2.71x	1.62x	1.02x	1.64x	2.11x	2.08x
Asset Growth %	0.71%	0.31%	-0.03%	0.39%	0.14%	1.13%	0.83%	-0.43%	-0.6%	-0.98%
Total Current Liabilities+	1.72M	4.86M	5.62M	8.34M	7.79M	21.78M	23.27M	13.82M	12.24M	437.03K
Accounts Payable	1.42M	2.5M	3.53M	4.37M	5.02M	11.74M	12.46M	2.84M	11.14M	143.41K
Days Payables Outstanding	70.33	73.26	67.13	77.12	68.67	124.68	120	26.76	158.67	120.99
Short-Term Debt	0	1.31M	90.26K	1.74M	0	2.51M	5.1M	5.76M	0	0
Deferred Revenue (Current)	0	384	1000K	439	901.2K	0	291.3K	633.54K	0	0
Other Current Liabilities	0	0	0	611.72K	0	1.56M	1.96M	1.23M	697.88K	26.91K
Current Ratio	3.55x	1.70x	1.47x	1.41x	1.69x	1.27x	2.25x	2.14x	0.93x	0.38x
Quick Ratio	1.93x	0.69x	0.54x	0.46x	0.73x	0.51x	0.80x	0.30x	0.12x	0.38x
Cash Conversion Cycle	103.77	122.12	59.55	93.99	72.51	120.53	238.59	232.86	-7.15	-
Total Non-Current Liabilities+	0	0	0	0	0	37.48K	542.26K	794.25K	0	0
Long-Term Debt	0	0	0	0	0	15.24K	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	22.23K	98.81K	22.51K	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.72M	4.86M	5.62M	8.34M	7.79M	21.82M	23.81M	14.62M	12.24M	437.03K
Total Debt+	0	1.31M	90K	1.74M	102.72K	2.61M	5.34M	5.93M	22.51K	0
Net Debt	-1.85M	1.13M	-139K	1.61M	-1.11M	1.84M	-7.23M	5.4M	-686.81K	-30.16K
Debt / Equity	-	0.31x	0.03x	0.45x	0.02x	0.34x	0.18x	0.36x	0.19x	-
Debt / EBITDA	-	-	-	4.37x	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	4.06x	-	-	-	-	-	-
Interest Coverage	-10.23x	-52.96x	-12.27x	0.68x	-66.55x	-99.28x	-12.27x	-38.13x	-44.58x	-
Total Equity+	5.15M	4.16M	3.17M	3.88M	6.11M	7.79M	30.49M	16.34M	115.92K	-130K
Equity Growth %	1.39%	-0.19%	-0.24%	0.22%	0.58%	0.28%	2.91%	-0.46%	-0.99%	-2.12%
Book Value per Share	13.60	7.48	5.32	6.07	8.46	7.70	19.17	8.81	0.06	-0.04
Total Shareholders' Equity	5.15M	4.16M	3.17M	3.88M	6.11M	7.79M	30.49M	16.34M	115.92K	-130K
Common Stock	134.78K	146.85K	40.42M	41.2M	209.3K	350.75K	458.85K	469.49K	479.33K	490.14K
Retained Earnings	-32.95M	-35.88M	-37.25M	-37.32M	-40.6M	-57.09M	-59.29M	-74.83M	-92.47M	-96.69M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-553.47K	-641.02K	-754.98K	-891.99K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-370.86K	-4.21M	1.33M	-1.8M	-1.54M	-7.09M	-14.27M	-12.17M	4.85M	-3.77M
Operating CF Margin %	-0.03%	-0.24%	0.05%	-0.06%	-0.04%	-0.15%	-0.26%	-0.24%	0.19%	-5.89%
Operating CF Growth %	0.1%	-10.34%	1.32%	-2.35%	0.15%	-3.62%	-1.01%	0.15%	1.4%	-1.78%
Net Income	-833.14K	-2.93M	-1.37M	-74.28K	-3.28M	-3.86M	-2.2M	-15.55M	-17.63M	-4.22M
Depreciation & Amortization	121.03K	544.69K	500.08K	365.08K	608.3K	372.18K	1.1M	1.01M	763.11K	370.18K
Stock-Based Compensation	75.53K	177.96K	196.31K	399.78K	505.19K	440.86K	996.94K	1.17M	279.39K	897.16K
Deferred Taxes	-61.37K	-138.02K	0	0	0	0	0	0	0	0
Other Non-Cash Items	75.53K	177.96K	199.68K	-78.78K	283.8K	-1.16M	760.82K	1.96M	204.5K	1.89M
Working Capital Changes	251.55K	-2.03M	1.81M	-2.42M	341.69K	-2.89M	-14.93M	-760.99K	21.24M	-2.7M
Change in Receivables	735.78K	-1.43M	269.42K	-530.01K	-1.57M	-4.97M	4.26M	2.22M	1.88M	1.01M
Change in Inventory	-1.08M	-2.17M	-476.05K	-2.65M	468.34K	-8.87M	-18.03M	6.69M	15.46M	404.3K
Change in Payables	-3.78M	-1.83M	-606.33K	-2.63M	1.12M	6.67M	862.45K	-9.62M	8.31M	-3.25M
Cash from Investing+	-832.07K	-531.16K	-249.79K	-329.91K	-484.25K	-578.09K	-681.83K	-695.02K	-381.87K	11.64K
Capital Expenditures	-177.07K	-58.16K	-99.79K	-236.91K	-484.25K	-302.52K	-593.12K	-276.67K	-162.27K	0
CapEx % of Revenue	0.02%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-655K	-473K	-150K	-93K	-310K	-777.41K	-88.71K	-418.35K	-219.59K	11.64K
Cash from Financing+	2.91M	3.07M	-1.04M	2.03M	3.26M	7.88M	26.45M	824.75K	-4.79M	3.08M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	315.58K	233.31K	181.06K	379.26K	60.65K	1.37M	1.02M	236.8K	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-547.93K	-4.26M	1.23M	-2.04M	-2.02M	-8.17M	-14.95M	-12.87M	4.47M	-3.77M
FCF Margin %	-0.05%	-0.24%	0.04%	-0.06%	-0.05%	-0.17%	-0.27%	-0.25%	0.17%	-5.89%
FCF Growth %	-0.26%	-6.78%	1.29%	-2.65%	0.01%	-3.04%	-0.83%	0.14%	1.35%	-1.84%
FCF per Share	-1.45	-7.66	2.07	-3.20	-2.80	-8.08	-9.40	-6.93	2.30	-1.19
FCF Conversion (FCF/Net Income)	0.45x	1.43x	-0.98x	24.37x	0.47x	1.84x	6.49x	0.78x	-0.28x	0.89x
Interest Paid	-72.36K	54.45K	98.76K	78.4K	48.4K	48.47K	270.41K	394.62K	238.33K	0
Taxes Paid	-7.36K	7.07K	14.66K	25.8K	31.77K	26.72K	63.77K	88.35K	42.62K	11.13K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-22.78%	-62.97%	-37.28%	-2.1%	-65.61%	-55.51%	-11.49%	-66.4%	-214.26%	-
Return on Invested Capital (ROIC)	-18%	-50.33%	-21.85%	0.93%	-46.08%	-49.44%	-15.13%	-50.15%	-121.88%	-
Gross Margin	31.53%	30.09%	34.81%	36.02%	28.99%	28.35%	31.63%	23.56%	1.8%	32.39%
Net Margin	-7.72%	-16.45%	-4.65%	-0.23%	-8.71%	-8.04%	-3.97%	-30.72%	-67.55%	-660.15%
Debt / Equity	-	0.31x	0.03x	0.45x	0.02x	0.34x	0.18x	0.36x	0.19x	-
Interest Coverage	-10.23x	-52.96x	-12.27x	0.68x	-66.55x	-99.28x	-12.27x	-38.13x	-44.58x	-
FCF Conversion	0.45x	1.43x	-0.98x	24.37x	0.47x	1.84x	6.49x	0.78x	-0.28x	0.89x
Revenue Growth	-9.34%	65.28%	64.95%	9.87%	16.37%	27.58%	15.49%	-8.66%	-48.43%	-97.55%

Frequently Asked Questions

Growth & Financials

FiEE, Inc. (FIEE) reported $2.0M in revenue for fiscal year 2024. This represents a 84% decrease from $12.7M in 2011.

FiEE, Inc. (FIEE) saw revenue decline by 97.5% over the past year.

FiEE, Inc. (FIEE) reported a net loss of $1.1M for fiscal year 2024.

Dividend & Returns

FiEE, Inc. (FIEE) generated $2.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.