Trade Franklin Wireless Corp. - FKWL CFD

Trading Conditions

• TypeThis financial market is available for CFD trading.Learn more about:CFDs: CFD
• Spread: 0.14
• Long position overnight funding adjustmentLong position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position-0.02224 %(-$4.45)Trade size with leverage ~ $20,000.00Money from leverage ~ $$19,000.00Go to platform: -0.02224%
• Short position overnight funding adjustmentShort position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position0.00001 %($0.00)Trade size with leverage ~ $20,000.00Money from leverage ~ $$19,000.00Go to platform: 0.00001%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: USD
• Min traded quantity: 10
• Margin: 5.00%
• Stock exchange: United States of America
• Commission on trade: 0%
• Guaranteed stop premiumA guaranteed stop-loss (GSL) fee is only charged if the GSL is triggered. Please consult the Charges and Fees section of our website for more details.: 1%

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.02224 %
  (-$4.45)

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: 0.00001 %
  ($0.00)

Key Stats

• Prev. Close: 2.2
• Open: 2.19
• 1-Year Change: -55.76%
• Day's Range: 2.18 - 2.19

Trade Franklin Wireless Corp. - FKWL

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.