Trade Franklin Wireless Corp. - FKWL CFD

About Franklin Wireless Corporation

Franklin Wireless Corp. is a provider of wireless solutions, including mobile hotspots, routers, trackers, and other devices. The Company designs hardware and software enabling machine-to-machine (M2M) applications and the Internet of Things (IoT). Its M2M and IoT solutions include embedded modules, modems and gateways built to deliver applications based on fifth generation and fourth generation (5G/4G) wireless technology. The Company offers 5G/4G LTE wireless broadband products, IoT tracking devices and connected devices, and IoT server platform and application. It also provides mobile technologies, which includes 5G/4G mobile hotspots, 5G/4G customer premises equipment, and mobile device management (MDM) solutions. Its subsidiary, Franklin Technology Inc. (FTI), a research and development company, which provides design and development services to wireless products. The Company distributes its products across North America, the Caribbean and South America, and Asia.

Financial summary

BRIEF: For the six months ended 31 December 2021, Franklin Wireless Corporation revenues decreased 96% to $5.2M. Net loss totaled $2.3M vs. income of $13.8M. Revenues reflect North America and Latin America (Estimates Data Load Region) segment decrease of 97% to $4.5M, Caribbean and South America segment decrease of 86% to $2K. Net loss reflects Gain from the forgiveness of payroll decrease from $487K (income) to $0K.

Equity composition

Common Stock $.001 Par, 12/10, 50M auth., 13,781,492 issd. less 1,803,684 shs. Treas. @ $1.9M. Insiders own 46.25%. IPO: 8/83, 1M shs.@ $2 by Wilson Davis & Co., Inc. PO: 1/98, 6,740,172 shs by the Co. *FY'97 reclassified. *3/99, Exchg. chgd. Common. 01/08, 1-for-70 reverse stock split.