NASDAQ · Financial Statements

Franklin Wireless Corp. (FKWL) Financial Statements

$2.20 NASDAQ: FKWL Market Cap $25.93M

Franklin Wireless Corp. most recently reported annual revenue of $37.0M, a net loss of $5.0M. Revenue declined at an average annual rate of 27.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Franklin Wireless Corp.: Revenue fell from $49.0M in 2017 to $37.0M in 2026, a change of -24.5% over 9 years; net profit was positive in 3 of 10 reported years; operating margin moved from 1.8% to -7.3%, a shift of -9.1 percentage points; the most recent year shows a net loss of $5.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$49.0M$30.0M$36.0M$75.0M$184.0M$24.0M$46.0M$31.0M$46.0M$37.0M
Operating Expenses$48.0M$33.0M$39.0M$68.0M$161.0M$29.0M$48.0M$37.0M$49.0M$39.0M
Operating Profit$1.0M$-3.0M$-2.0M$7.0M$23.0M$-5.0M$-2.0M$-6.0M$-3.0M$-3.0M
Operating Margin1.8%-8.9%-5.6%9.4%12.4%-20.7%-5.1%-19.3%-6.2%-7.3%
Other Income$0$0$0$0$1.0M$0$-1.0M$1.0M$3.0M$-4.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0$1.0M$0
Profit Before Tax$1.0M$-2.0M$-2.0M$7.0M$23.0M$-5.0M$-4.0M$-5.0M$0$-7.0M
Tax$32.7M$7.9M$22.5M$18.9M$21.5M$22.0M$23.1M$18.6M$24.3M$32.8M
Net Profit$1.0M$-2.0M$-1.0M$6.0M$18.0M$-4.0M$-3.0M$-4.0M$0$-5.0M
EPS$0.08$-0.20$-0.14$0.52$1.53$-0.32$-0.24$-0.34$-0.02$-0.40
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$17.0M$10.0M$9.0M$6.0M$6.0M$13.0M$18.0M$8.0M$7.0M$13.0M$12.0M$3.0M
Operating Expenses$17.0M$10.0M$10.0M$8.0M$8.0M$14.0M$17.0M$10.0M$8.0M$12.0M$12.0M$5.0M
Operating Profit$0$-1.0M$-2.0M$-2.0M$-2.0M$0$1.0M$-2.0M$-1.0M$1.0M$0$-2.0M
Operating Margin0.6%-6.0%-17.6%-25.2%-36.7%-2.8%4.5%-24.6%-19.1%4.6%0.4%-43.9%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-2.0M$0$-1.0M$-2.0M$-2.0M$1.0M$0$-1.0M$0$1.0M$1.0M$-2.0M
Tax$16.4M$12.9M$24.9M$19.3M$16.6M$6.9M$199.0M$-410,000$79.5M$7.2M$7.2M$1.1M
Net Profit$-2.0M$0$-1.0M$-1.0M$-2.0M$1.0M$0$-1.0M$0$1.0M$1.0M$-2.0M
EPS$-0.14$-0.02$-0.06$-0.10$-0.15$0.04$0.02$-0.05$-0.03$0.05$0.05$-0.13

Over the 10 years reported for Franklin Wireless Corp., cash stood at $13.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.67 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$32.0M$25.0M$21.0M$65.0M$58.0M$52.0M$57.0M$47.0M$51.0M$46.0M
Current Assets$29.0M$22.0M$17.0M$61.0M$55.0M$48.0M$52.0M$40.0M$45.0M$40.0M
Cash$14.0M$12.0M$6.0M$28.0M$46.0M$26.0M$12.0M$12.0M$15.0M$13.0M
Inventory$3.0M$2.0M$1.0M$12.0M$1.0M$4.0M$4.0M$1.0M$2.0M$5.0M
Receivables$11.0M$8.0M$4.0M$16.0M$3.0M$1.0M$9.0M$1.0M$2.0M$2.0M
Fixed Assets$0$0$0$1.0M$1.0M$1.0M$0$2.0M$1.0M$1.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$5.0M$5.0M$5.0M$16.0M$27.0M$25.0M$26.0M$19.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$13.0M$8.0M$6.0M$44.0M$12.0M$9.0M$17.0M$10.0M$13.0M$16.0M
Current Liabilities$13.0M$8.0M$6.0M$43.0M$11.0M$9.0M$17.0M$9.0M$12.0M$15.0M
Borrowings$0$0$0$2.0M$1.0M$0$0$1.0M$1.0M$1.0M
Other Liabilities$13.0M$8.0M$6.0M$43.0M$11.0M$9.0M$16.0M$9.0M$12.0M$15.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$18.0M$16.0M$15.0M$20.0M$45.0M$41.0M$39.0M$35.0M$35.0M$29.0M

For Franklin Wireless Corp., operating cash flow was positive in 5 of 10 reported years; free cash flow in the latest year was negative at $6.0M; free cash flow was positive in 4 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$1.0M$-2.0M$1.0M$22.0M$12.0M$-7.0M$-2.0M$-1.0M$2.0M$-6.0M
Investing Cash Flow$-1.0M$-1.0M$-7.0M$-2.0M$-1.0M$-12.0M$-14.0M$1.0M$1.0M$5.0M
Financing Cash Flow$0$0$0$0$0$0$0$0$0$0
Net Cash Flow$1.0M$-2.0M$-6.0M$22.0M$18.0M$-20.0M$-14.0M$0$2.0M$-1.0M
Free Cash Flow$1.0M$-2.0M$0$21.0M$11.0M$-8.0M$-4.0M$-1.0M$2.0M$-6.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA-48.25
FCF Yield-22.37%
Quick Ratio2.32
Interest Coverage—
Return 1Y-39.33%
Return 3Y-28.36%
Return 5Y-69.93%

Franklin Wireless Corp. (FKWL) financials — frequently asked questions

What is Franklin Wireless Corp.'s annual revenue?

Franklin Wireless Corp. (FKWL) reported annual revenue of $37.0M in its most recent fiscal year.

What is Franklin Wireless Corp.'s net profit?

Franklin Wireless Corp. (FKWL) reported a net loss of $5.0M in its most recent fiscal year.

What is FKWL EV/EBITDA?

Franklin Wireless Corp.'s enterprise value to EBITDA (EV/EBITDA) ratio is -48.25. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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