FKWL Franklin Wireless
Franklin Wireless Corp. is a provider of intelligent wireless solutions, which engages in the sale of wireless access products. It offers innovative hardware and software products that support machine-to-machine applications and the Internet of things, as well as intelligent wireless solutions including mobile hotspots, routers and modems. The company was founded in 1981 and is headquartered in San Diego, CA.
Company profile
Ticker
FKWL
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
CIENA • Netgear • Plantronics • Adtran • Infinera • Fabrinet • Audiocodes • Communications Systems • DZS • Sonim ...
Former names
FRANKLIN TELECOMMUNICATIONS CORP
SEC CIK
Corporate docs
IRS number
953733534
FKWL stock data
()
News
51 Biggest Movers From Friday
12 Apr 21
38 Stocks Moving In Friday's Mid-Day Session
9 Apr 21
Mid-Morning Market Update: Markets Open Higher; US Producer Prices Rise 1% In March
9 Apr 21
44 Biggest Movers From Yesterday
9 Apr 21
Franklin Wireless Stock Is Trading Lower Following Battery Problems
5 Apr 21
Press releases
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Franklin Wireless Corp. (FKWL) on Behalf of Investors
9 Apr 21
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Franklin Wireless Corp. (FKWL) on Behalf of Investors
9 Apr 21
The Law Offices of Frank R. Cruz Announces Investigation of Franklin Wireless Corp. (FKWL) on Behalf of Investors
9 Apr 21
Franklin Wireless Responds to Verizon Jetpack Recall
9 Apr 21
Franklin Wireless Investigating Battery Issues
1 Apr 21
Calendar
16 Feb 21
12 Apr 21
30 Jun 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Jun 20 | Jun 19 | Jun 18 | Jun 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from company earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jan 21 | Jyoung Joon Won | Common stock | Sell | Dispose S | No | No | 5.19 | 864,064 | 4.48M | 1,004,948 |
31 Dec 20 | Lee Yun J | Common stock | Sell | Dispose S | No | No | 15 | 50,000 | 750K | 0 |
31 Dec 20 | OC Kim | Common stock | Sell | Dispose S | No | No | 15 | 500,000 | 7.5M | 1,096,695 |
16 Dec 20 | Lee Yun J | Incentive Stock Option | Buy | Aquire P | No | No | 0.45 | 8,291 | 3.73K | 8,291 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
14.1% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 38.26M |
Total shares | 1.63M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Packer Paul | 848.26K | $19.93M |
Hirschman Orin | 780K | $18.33M |
Financial report summary
?Competition
InseegoManagement Discussion
- NET SALES - Net sales increased by $38,603,398, or 105.9%, to $75,072,298 for the year ended June 30, 2020 from $36,468,900 for the corresponding period of 2019. For the year ended June 30, 2020, net sales by geographic regions, consisting of the United States, EMEA (Europe, the Middle East and Africa) 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. For the year ended June 30, 2019, net sales by geographic regions, consisting of the United States, EMEA (Europe, the Middle East and Africa) and Asia were $36,217,387 (99.3% of net sales), $224,427 (0.6% of net sales) and $27,086 (0.1% of net sales), respectively.
- Net sales in the United States increased by $38,622,391, or 106.6%, to $74,839,778 for the year ended June 30, 2020, from $36,217,387 for the corresponding period of 2019. The increase in net sales in the United States 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 during the Covid-19 Pandemic period. Net sales also increased due to a newly launched product and the timing of orders placed by a new carrier customer, from which a significant portion of our revenue was derived. (46% of our consolidated net sales for the year ended June 30, 2020). Net sales in EMEA decreased by $224,427, or 100.0%, to $0 for the year ended June 30, 2020, from $224,427 for the corresponding period of 2019. The decrease in net sales was due to the discontinued orders for a product placed by a carrier customer in Africa compared to the corresponding period of 2019. Net sales in Asia increased by $205,434, or 105.9%, to $232,520 for the year ended June 30, 2020, from $27,086 for the corresponding period of 2019. 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 $8,784,996, or 153.1%, to $14,524,485 for the year ended June 30, 2020, from $5,739,489 for the corresponding period of 2019. The gross profit in terms of net sales percentage was 19.3% for the year ended June 30, 2020, compared to 15.7% for the corresponding period of 2019. The increase in gross profit was primarily due to the change in net sales as described above. The increase in gross profit and gross profit in terms of net sales percentage was primarily due to a newly launched product, with a higher selling price, as well as the product development service revenues generated by Franklin and FTI, which involve lower costs of goods sold.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
actively, competitive, court, domestic, education, gain, January, loan, long, pace, predict, Protection, size, Superior, unfavorable
Removed:
immaterial, resulted, trade
Financial reports
10-Q
2021 Q2
Quarterly report
16 Feb 21
10-Q
2021 Q1
Quarterly report
16 Nov 20
10-K/A
2020 FY
Annual report (amended)
17 Sep 20
10-K
2020 FY
Annual report
17 Sep 20
10-Q
2020 Q3
Quarterly report
15 May 20
10-Q
2020 Q2
Quarterly report
13 Feb 20
10-Q/A
2020 Q1
Quarterly report (amended)
18 Nov 19
10-Q
2020 Q1
Quarterly report
14 Nov 19
10-K
2019 FY
Annual report
29 Sep 19
10-Q/A
2019 Q3
Quarterly report (amended)
21 May 19
Current reports
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
8-K
Submission of Matters to a Vote of Security Holders
22 Dec 16
8-K
Entry into a Material Definitive Agreement
29 Dec 15
8-K
Submission of Matters to a Vote of Security Holders
22 Dec 15
Registration and prospectus
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-3/A
Shelf registration (amended)
7 Nov 00
S-8
Registration of securities for employees
28 Sep 00
S-3/A
Shelf registration (amended)
14 Sep 00
S-3/A
Shelf registration (amended)
30 Jul 00
S-3/A
Shelf registration (amended)
19 Jun 00
S-3
Shelf registration
27 Apr 00
Proxies
DEFR14A
Revised proxy
18 Nov 20
DEFA14A
Additional proxy soliciting materials
16 Nov 20
DEFR14A
Revised proxy
16 Nov 20
DEFR14A
Revised proxy
9 Nov 20
DEF 14A
Definitive proxy
6 Nov 20
DEF 14A
Definitive proxy
8 Nov 18
DEF 14A
Definitive proxy
31 Oct 16
DEF 14A
Definitive proxy
1 Nov 15
DEF 14A
Definitive proxy
5 Dec 13
DEF 14A
Definitive proxy
6 Nov 12
Other
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
UPLOAD
Letter from SEC
8 Mar 16
CORRESP
Correspondence with SEC
7 Mar 16
UPLOAD
Letter from SEC
22 Feb 16
Ownership
SC 13G/A
FRANKLIN WIRELESS / KENNEDY CAPITAL MANAGEMENT ownership change
16 Feb 21
SC 13G/A
FRANKLIN WIRELESS / PACKER PAUL ownership change
12 Feb 21
3
FRANKLIN WIRELESS / Kristina S Kim ownership change
4 Feb 21
4
FRANKLIN WIRELESS / Joon Won Jyoung ownership change
25 Jan 21
4
FRANKLIN WIRELESS / Yun J Lee ownership change
12 Jan 21
4
FRANKLIN WIRELESS / OC Kim ownership change
12 Jan 21
SC 13G
FRANKLIN WIRELESS / HIRSCHMAN ORIN ownership change
12 Jan 21
4
FRANKLIN WIRELESS / Yun J Lee ownership change
28 Dec 20
4/A
FRANKLIN WIRELESS / Yun J Lee ownership change
30 Nov 20
SC 13G/A
FRANKLIN WIRELESS / KENNEDY CAPITAL MANAGEMENT ownership change
8 Oct 20