Loading...
Docoh

Franklin Wireless (FKWL)

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
Employees
Incorporated
Location
Fiscal year end
Former names
FRANKLIN TELECOMMUNICATIONS CORP
SEC CIK
IRS number
953733534

FKWL stock data

Calendar

10 May 22
9 Aug 22
30 Jun 23
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
19.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 21 22 -4.5%
Opened positions 3 3
Closed positions 4 7 -42.9%
Increased positions 5 6 -16.7%
Reduced positions 4 7 -42.9%
13F shares Current Prev Q Change
Total value 6.51M 8.49M -23.4%
Total shares 2.27M 2.62M -13.3%
Total puts 0 500 EXIT
Total calls 60.9K 71.4K -14.7%
Total put/call ratio 0.0
Largest owners Shares Value Change
Packer Paul 674.74K $0 0.0%
Vanguard 403.84K $1.61M 0.0%
Hirschman Orin 390K $1.7M 0.0%
Renaissance Technologies 129.5K $516K -45.4%
AMP Ameriprise Financial 124.25K $496K +2.4%
Worth Venture Partners 98.83K $394K 0.0%
AIGH Capital Management 98.83K $394K -74.7%
Susquehanna International 62.19K $248K NEW
Bridgeway Capital Management 60K $239K 0.0%
Geode Capital Management 42.52K $169K 0.0%
Largest transactions Shares Bought/sold Change
AIGH Capital Management 98.83K -291.17K -74.7%
Renaissance Technologies 129.5K -107.8K -45.4%
Susquehanna International 62.19K +62.19K NEW
Acadian Asset Management 39.63K -13.45K -25.3%
Citadel Advisors 12.36K -8.2K -39.9%
Simplex Trading 6.96K +6.85K +5901.7%
Tower Research Capital 0 -4.72K EXIT
BLK Blackrock 25.02K +3.52K +16.4%
AMP Ameriprise Financial 124.25K +2.94K +2.4%
MS Morgan Stanley 34.73K +1.36K +4.1%

Financial report summary

?
Competition
Inseego
Management 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

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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