Franklin Wireless Corp. is a leader in innovative hardware and software products that support smart tracking and the Internet of Things (IoT), as well as intelligent wireless broadband solutions including mobile hotspots, routers and modems.
Company profile
Ticker
FKWL
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
CIENA • Netgear • Adtran • Plantronics • Infinera • Fabrinet • Westell • Audiocodes • Pineapple Energy • DZS ...
Former names
FRANKLIN TELECOMMUNICATIONS CORP
SEC CIK
Corporate docs
IRS number
953733534
FKWL stock data
Calendar
10 May 22
9 Aug 22
30 Jun 23
Financial summary
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Diluted EPS |
Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 36.45M | 36.45M | 36.45M | 36.45M | 36.45M | 36.45M |
Cash burn (monthly) | 82.62K | 1.49M | 360.52K | 397.57K | (no burn) | 1.3M |
Cash used (since last report) | 356.04K | 6.43M | 1.55M | 1.71M | n/a | 5.62M |
Cash remaining | 36.1M | 30.02M | 34.9M | 34.74M | n/a | 30.83M |
Runway (months of cash) | 436.9 | 20.1 | 96.8 | 87.4 | n/a | 23.6 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Apr 22 | Lee Yun J | Common Stock | Option exercise | Acquire M | No | No | 0.45 | 75,000 | 33.75K | 85,000 |
11 Apr 22 | Lee Yun J | Franklin Wireless Stock Options Common Stock | Option exercise | Dispose M | No | No | 0.45 | 75,000 | 33.75K | 0 |
28 Dec 21 | Johnathan Wonjong Chee | Stock Options Common Stock | Grant | Acquire A | No | No | 3.38 | 15,000 | 50.7K | 15,000 |
28 Dec 21 | Heidy Kingwan Chow | Stock Options Common Stock | Grant | Acquire A | No | No | 3.38 | 15,000 | 50.7K | 15,000 |
28 Dec 21 | Kristina S Kim | Stock Options Common Stock | Grant | Acquire A | No | No | 3.38 | 15,000 | 50.7K | 15,000 |
28 Dec 21 | Lee Yun J | Stock Options Common Stock | Grant | Acquire A | No | No | 3.38 | 15,000 | 50.7K | 290,000 |
Institutional ownership, Q1 2022
19.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 21 |
Opened positions | 3 |
Closed positions | 4 |
Increased positions | 5 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 6.51M |
Total shares | 2.27M |
Total puts | 0 |
Total calls | 60.9K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Packer Paul | 674.74K | $0 |
Vanguard | 403.84K | $1.61M |
Hirschman Orin | 390K | $1.7M |
Renaissance Technologies | 129.5K | $516K |
AMP Ameriprise Financial | 124.25K | $496K |
Worth Venture Partners | 98.83K | $394K |
AIGH Capital Management | 98.83K | $394K |
Susquehanna International | 62.19K | $248K |
Bridgeway Capital Management | 60K | $239K |
Geode Capital Management | 42.52K | $169K |
Financial report summary
?Competition
InseegoManagement Discussion
- NET SALES - Net sales increased by $109,043,047, or 145.3%, to $184,115,345 for the year ended June 30, 2021 from $75,072,298 for the corresponding period of 2020. For the year ended June 30, 2021, net sales by geographic regions, consisting of North America, the Caribbean and South America, and Asia were $183,771,146 (99.8% of net sales), $17,500 (0.0% of net sales), and $326,699 (0.2% of net sales), respectively. For the year ended June 30, 2020, net sales by geographic regions, consisting of North America, the Caribbean and South America, and Asia were $74,839,778 (99.7% of net sales), $0 (0.0% of net sales), and $232,520 (0.3% of net sales), respectively.
- Net sales in North America increased by $108,931,368, or 145.6%, to $183,771,146 for the year ended June 30, 2021, from $74,839,778 for the corresponding period of 2020. The increase in net sales in North America resulted primarily from increased demand for wireless connectivity due to people working and attending school remotely. High volume sales to school districts rapidly rolling out remote learning programs was a significant driver for increased sales through our primary customers due to the Covid-19 pandemic. Net sales also increased due to the timing of orders placed by a carrier customer, from which a significant portion of our revenue was derived (approximately 63% of our consolidated net sales for this period). Net sales in the Caribbean and South America increased by $17,500, or 100.0%, to $17,500 for the year ended June 30, 2021, from $0 for the corresponding period of 2020. Net sales in Asia increased by $94,179, or 40.5%, to $326,699 for the year ended June 30, 2021, from $232,520 for the corresponding period of 2020. The increase in net sales was primarily due to product development service revenue generated by FTI, which typically varies from period to period.
- GROSS PROFIT- Gross profit increased by $17,939,536, or 123.5%, to $32,464,021 for the year ended June 30, 2021, from $14,524,485 for the corresponding period of 2020. The gross profit in terms of net sales percentage was 17.6% for the year ended June 30, 2021, compared to 19.3% for the corresponding period of 2020. The increase in gross profit was primarily due to the change in net sales as described above. The decrease in gross profit in terms of net sales percentage was primarily due to competitive selling prices and the increase in production costs.
Content analysis
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H.S. freshman Avg
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New words:
acceleration, annum, Barbara, County, default, Discovery, Entry, Harwood, Incorporation, Judicial, maturity, mortgage, MSB, Nevada, Pape, primary, Promissory, purpose, recently, Republic, Washoe
Removed:
announcement, assist, expert, inspect, inspected, investigate, opportunity, physically
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
22 Mar 22
8-K
Submission of Matters to a Vote of Security Holders
27 Dec 21
8-K
Departure of Directors or Certain Officers
4 Oct 21
8-K
Departure of Directors or Certain Officers
28 Jan 21
8-K
Submission of Matters to a Vote of Security Holders
23 Dec 20
8-K
Changes in Registrant's Certifying Accountant
14 Oct 20
8-K
Entry into a Material Definitive Agreement
15 Sep 20
8-K
Departure of Directors or Certain Officers
31 Dec 19
8-K
Submission of Matters to a Vote of Security Holders
27 Dec 18
8-K
Departure of Directors or Certain Officers
8 Apr 18
Registration and prospectus
S-8
Registration of securities for employees
4 Oct 21
8-A12B
Registration of securities on exchange
26 Mar 21
S-8
Registration of securities for employees
8 Mar 11
S-8
Registration of securities for employees
23 Jan 01
S-3
Shelf registration
27 Nov 00
S-8
Registration of securities for employees
28 Sep 00
S-3/A
Shelf registration (amended)
19 Jun 00
Other
SD
Conflict minerals disclosure
14 Apr 22
SD
Conflict minerals disclosure
11 Jun 21
CERT
Certification of approval for exchange listing
26 Mar 21
SD
Conflict minerals disclosure
10 Apr 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
28 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
UPLOAD
Letter from SEC
3 Apr 16
CORRESP
Correspondence with SEC
22 Mar 16
Ownership
4
FRANKLIN WIRELESS / Yun J Lee ownership change
13 Apr 22
SC 13G/A
FRANKLIN WIRELESS / PACKER PAUL ownership change
14 Feb 22
SC 13G/A
FRANKLIN WIRELESS / KENNEDY CAPITAL MANAGEMENT ownership change
14 Feb 22
SC 13G/A
FRANKLIN WIRELESS / HIRSCHMAN ORIN ownership change
7 Jan 22
4
FRANKLIN WIRELESS / OC Kim ownership change
30 Dec 21
4
FRANKLIN WIRELESS / Gary Wendel Nelson ownership change
30 Dec 21
4
FRANKLIN WIRELESS / Yun J Lee ownership change
30 Dec 21
4
FRANKLIN WIRELESS / Kristina S Kim ownership change
30 Dec 21
4
FRANKLIN WIRELESS / Heidy Kingwan Chow ownership change
30 Dec 21
4
FRANKLIN WIRELESS / Johnathan Wonjong Chee ownership change
30 Dec 21
Reddit threads
The Magic Formula - is anyone investing with this strategy or has ever tried it?
31 Mar 22
Investing mistakes
17 Mar 22
My Strategy on Investing
9 Jan 22
Update on my pick of FKWL
9 Jan 22
What’s your favorite stock that has been unexpectedly crushing it?
7 Jan 22
Franklin Wireless (FKWL) is Undervalued Analysis
30 Dec 21
$FKWL - Net-Net - What's going on?
30 Nov 21
FKWL: Short term risks and lack of transparency provide good potential upside
8 Oct 21
Daily Discussion Thread - October 1st, 2021
1 Oct 21
Daily Discussion Thread - September 30th, 2021
30 Sep 21