FRANKLIN WIRELESS CORP (FKWL) Form 10-K — Sep 28, 2026
Franklin Wireless reported FY2026 net sales of $36.5 million, down 20.8% from $46.1 million, after a major carrier customer discontinued a legacy hotspot product that had been expected to drive significant revenue. The company swung to a consolidated net loss of $6.9 million (parent net loss of $4.7 million, EPS of -$0.40) versus a $140,429 loss a year earlier. The loss was driven largely by a $4.6 million litigation contingency expense tied to an adverse lower court ruling currently under appeal, plus a $1.1 million foreign currency loss on Korean won-denominated liabilities.
Key figures
- Revenue
- 36514405
- Revenue Yoy
- -20.8%
- Total Assets
- 0
- Cash Position
- 31954396
- Shares Outstanding
- 11784280
- Dividend paid
- 471371
- Bad debt expense
- 555600
- Customer concentration top two
- ["60.9%","27.5%"]
- Litigation contingency expense
- 4620410
- Nonaffiliates market value dec2025
- $38,265,000
AI analysis
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