Franklin Access appoints Ira Greenstein to Board of Directors
New Appointment: Franklin Wireless has appointed Ira Greenstein to its Board of Directors, effective February 17, replacing Gary Nelson who resigned to spend more time with family.
Background of New Member: Greenstein is a Founding Partner at Pierson Ferdinand law firm and has held significant roles including Deputy Assistant to the President during the Trump Administration and President of IDT Corporation and Genie Energy.
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FKWL Stock Drops 12.4% Despite Increased Q1 Profits and Decreased Sales
Stock Performance: Franklin Wireless Corp. shares have dropped 12.4% since their Q1 fiscal 2026 earnings report, underperforming the S&P 500, which fell 1.7% during the same period. The stock has also declined 11.3% over the past month.
Financial Highlights: The company reported quarterly revenues of $12.7 million, a 4.3% decrease from the previous year, while net income rose to $640,478, resulting in an EPS of 5 cents. Gross profit increased significantly by 40.5% year-over-year to $2.9 million.
Operational Insights: Franklin Wireless experienced a decline in demand for mobile device management services, attributed to post-pandemic shifts in user behavior. The company is focusing on enhancing its software offerings and managing customer relationships to adapt to changing market conditions.
Cash Flow and Inventory Management: The company faced a cash flow shift, using $1.49 million in operations compared to a positive $2.67 million in the prior year, primarily due to increased accounts receivable. Effective inventory management contributed positively to the quarter's operating performance despite rising shipping costs.
Franklin Wireless Launches Shipment of Its First 5G Fixed Wireless Router Designed for Reliable Connectivity in Communities and Networks
Product Announcement: Franklin Wireless Corp has launched the JEXtream CG890, a next-generation 5G Fixed Wireless Access router aimed at providing reliable, high-speed connectivity for service providers and community organizations.
Key Features: The CG890 includes features such as Auto Failover for uninterrupted service, CBRS compatibility for flexible deployment, dual 1Gb Ethernet ports, and remote management tools for efficient network administration.
Target Audience: This router is designed for cost-conscious consumers, small businesses, nonprofits, and ISPs looking for robust network solutions to enhance digital equity and maintain service continuity.
Availability: The JEXtream CG890 is currently available through select distribution partners, with plans for broader availability later this quarter.
AiM Future and Franklin Wireless Enter MOU to Collaborate on Lightweight AI Model and High-Efficiency 1 TOPS AI SoC Chipset Development
Partnership Announcement: AiM Future has signed a Memorandum of Understanding with Franklin Wireless Corp to collaborate on developing a lightweight AI model and a high-efficiency 1 TOPS performance AI SoC chipset.
Company Profiles: Franklin Wireless is known for its intelligent wireless solutions, while AiM Future specializes in NPU accelerator IP and edge AI SoCs targeting IoT and smart technology markets.
Development Goals: The partnership aims to create an efficient AI model for MCU devices and co-develop a communication module that integrates the AI SoC chipset, focusing initially on the North American market.
Strategic Impact: This collaboration enhances AiM Future's entry into the North American market and aims to deliver cost-efficient AI solutions, boosting revenue growth and market adoption in the AI–IoT convergence sector.
Franklin Access Launches RG350, First Snapdragon X35 RedCap Hotspot On AT&T's 5G Network
Launch of RG350 Mobile Hotspot: Franklin Access has launched the RG350, a 5G RedCap mobile hotspot powered by Qualcomm's Snapdragon X35, certified for AT&T's 5G network and designed for remote professionals and IoT setups.
Device Features and Market Impact: The RG350 supports up to 15 devices with dual-band Wi-Fi 6 and includes enterprise features like VPN pass-through; CEO OC Kim emphasizes its role in providing secure and efficient 5G connectivity.
Franklin Access Launches RG350: The First AT&T-Certified 5G RedCap Hotspot
Launch of RG350 Mobile Hotspot: Franklin Access has launched the RG350, a next-generation 5G RedCap mobile hotspot, certified on AT&T's network, featuring the Qualcomm Snapdragon® X35 modem for reliable and secure connectivity tailored for remote professionals and IoT deployments.
Key Features and Availability: The RG350 supports up to 15 simultaneous connections, includes dual-band Wi-Fi 6, remote management tools, and a replaceable battery, with general availability expected to expand in the coming weeks.
Franklin Wireless Q3 Loss Narrows Y/Y on Higher Sales, Shares Slide
Stock Performance: Franklin Wireless Corp. shares fell 10.4% following their Q3 fiscal 2025 results, despite a 29.7% revenue increase to $8.01 million; investor concerns stem from operational challenges and rising expenses.
Financial Highlights: The company reported a narrower net loss of $644,786, improved gross profit margins, and significant revenue growth over nine months, but faced increased operating costs and negative cash flow, prompting strategic investments in software and hardware.
FKWL Stock Drops 12.4% Despite Increased Q1 Profits and Decreased Sales
Stock Performance: Franklin Wireless Corp. shares have dropped 12.4% since their Q1 fiscal 2026 earnings report, underperforming the S&P 500, which fell 1.7% during the same period. The stock has also declined 11.3% over the past month.
Financial Highlights: The company reported quarterly revenues of $12.7 million, a 4.3% decrease from the previous year, while net income rose to $640,478, resulting in an EPS of 5 cents. Gross profit increased significantly by 40.5% year-over-year to $2.9 million.
Operational Insights: Franklin Wireless experienced a decline in demand for mobile device management services, attributed to post-pandemic shifts in user behavior. The company is focusing on enhancing its software offerings and managing customer relationships to adapt to changing market conditions.
Cash Flow and Inventory Management: The company faced a cash flow shift, using $1.49 million in operations compared to a positive $2.67 million in the prior year, primarily due to increased accounts receivable. Effective inventory management contributed positively to the quarter's operating performance despite rising shipping costs.
Franklin Wireless Launches Shipment of Its First 5G Fixed Wireless Router Designed for Reliable Connectivity in Communities and Networks
Product Announcement: Franklin Wireless Corp has launched the JEXtream CG890, a next-generation 5G Fixed Wireless Access router aimed at providing reliable, high-speed connectivity for service providers and community organizations.
Key Features: The CG890 includes features such as Auto Failover for uninterrupted service, CBRS compatibility for flexible deployment, dual 1Gb Ethernet ports, and remote management tools for efficient network administration.
Target Audience: This router is designed for cost-conscious consumers, small businesses, nonprofits, and ISPs looking for robust network solutions to enhance digital equity and maintain service continuity.
Availability: The JEXtream CG890 is currently available through select distribution partners, with plans for broader availability later this quarter.
AiM Future and Franklin Wireless Enter MOU to Collaborate on Lightweight AI Model and High-Efficiency 1 TOPS AI SoC Chipset Development
Partnership Announcement: AiM Future has signed a Memorandum of Understanding with Franklin Wireless Corp to collaborate on developing a lightweight AI model and a high-efficiency 1 TOPS performance AI SoC chipset.
Company Profiles: Franklin Wireless is known for its intelligent wireless solutions, while AiM Future specializes in NPU accelerator IP and edge AI SoCs targeting IoT and smart technology markets.
Development Goals: The partnership aims to create an efficient AI model for MCU devices and co-develop a communication module that integrates the AI SoC chipset, focusing initially on the North American market.
Strategic Impact: This collaboration enhances AiM Future's entry into the North American market and aims to deliver cost-efficient AI solutions, boosting revenue growth and market adoption in the AI–IoT convergence sector.
Franklin Access Launches RG350, First Snapdragon X35 RedCap Hotspot On AT&T's 5G Network
Launch of RG350 Mobile Hotspot: Franklin Access has launched the RG350, a 5G RedCap mobile hotspot powered by Qualcomm's Snapdragon X35, certified for AT&T's 5G network and designed for remote professionals and IoT setups.
Device Features and Market Impact: The RG350 supports up to 15 devices with dual-band Wi-Fi 6 and includes enterprise features like VPN pass-through; CEO OC Kim emphasizes its role in providing secure and efficient 5G connectivity.
Franklin Access Launches RG350: The First AT&T-Certified 5G RedCap Hotspot
Launch of RG350 Mobile Hotspot: Franklin Access has launched the RG350, a next-generation 5G RedCap mobile hotspot, certified on AT&T's network, featuring the Qualcomm Snapdragon® X35 modem for reliable and secure connectivity tailored for remote professionals and IoT deployments.
Key Features and Availability: The RG350 supports up to 15 simultaneous connections, includes dual-band Wi-Fi 6, remote management tools, and a replaceable battery, with general availability expected to expand in the coming weeks.
Franklin Wireless Q3 Loss Narrows Y/Y on Higher Sales, Shares Slide
Stock Performance: Franklin Wireless Corp. shares fell 10.4% following their Q3 fiscal 2025 results, despite a 29.7% revenue increase to $8.01 million; investor concerns stem from operational challenges and rising expenses.
Financial Highlights: The company reported a narrower net loss of $644,786, improved gross profit margins, and significant revenue growth over nine months, but faced increased operating costs and negative cash flow, prompting strategic investments in software and hardware.
