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Side-by-side financial comparison of FiEE, Inc. (FIEE) and FRANKLIN WIRELESS CORP (FKWL). Click either name above to swap in a different company.

FRANKLIN WIRELESS CORP is the larger business by last-quarter revenue ($11.9M vs $4.2M, roughly 2.8× FiEE, Inc.). FiEE, Inc. produced more free cash flow last quarter ($3.5M vs $-4.1M).

Viaero Wireless is a regional wireless telecommunications company that provides direct coverage in Nebraska, eastern Colorado, western Kansas, and southeastern Wyoming. Based in Fort Morgan, Colorado, Viaero is often the primary cell tower owner in portions of its coverage area. Through roaming coverage partner relationships, Viaero customers can place and receive calls locally and across the country, internationally, and on cruise ships.

FIEE vs FKWL — Head-to-Head

Bigger by revenue
FKWL
FKWL
2.8× larger
FKWL
$11.9M
$4.2M
FIEE
More free cash flow
FIEE
FIEE
$7.5M more FCF
FIEE
$3.5M
$-4.1M
FKWL

Income Statement — Q4 2025 vs Q2 2026

Metric
FIEE
FIEE
FKWL
FKWL
Revenue
$4.2M
$11.9M
Net Profit
$533.6K
Gross Margin
88.0%
17.1%
Operating Margin
0.4%
Net Margin
4.5%
Revenue YoY
-33.1%
Net Profit YoY
1484.1%
133.3%
EPS (diluted)
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIEE
FIEE
FKWL
FKWL
Q4 25
$4.2M
$11.9M
Q3 25
$1.9M
$12.7M
Q2 25
$45.0K
$6.9M
Q1 25
$125
$8.0M
Q4 24
$17.8M
Q3 24
$0
$13.3M
Q2 24
$0
$6.1M
Q1 24
$639.9K
$6.2M
Net Profit
FIEE
FIEE
FKWL
FKWL
Q4 25
$533.6K
Q3 25
$-253.0K
$640.5K
Q2 25
$-639.7K
$-342.2K
Q1 25
$-373.9K
$-644.8K
Q4 24
$228.7K
Q3 24
$-625.1K
$515.2K
Q2 24
$-487.9K
$-1.8M
Q1 24
$-3.3M
$-1.2M
Gross Margin
FIEE
FIEE
FKWL
FKWL
Q4 25
88.0%
17.1%
Q3 25
85.0%
22.8%
Q2 25
2.4%
18.0%
Q1 25
16.9%
Q4 24
18.2%
Q3 24
15.5%
Q2 24
10.5%
Q1 24
32.4%
8.4%
Operating Margin
FIEE
FIEE
FKWL
FKWL
Q4 25
0.4%
Q3 25
-5.2%
4.6%
Q2 25
-1415.6%
-19.0%
Q1 25
-296896.8%
-24.6%
Q4 24
4.5%
Q3 24
-2.8%
Q2 24
-36.7%
Q1 24
-511.0%
-25.2%
Net Margin
FIEE
FIEE
FKWL
FKWL
Q4 25
4.5%
Q3 25
-13.0%
5.0%
Q2 25
-1421.7%
-4.9%
Q1 25
-299128.0%
-8.1%
Q4 24
1.3%
Q3 24
3.9%
Q2 24
-28.9%
Q1 24
-509.3%
-19.0%
EPS (diluted)
FIEE
FIEE
FKWL
FKWL
Q4 25
$0.05
Q3 25
$-0.04
$0.05
Q2 25
$-0.13
$-0.03
Q1 25
$-0.10
$-0.05
Q4 24
$0.02
Q3 24
$-0.21
$0.04
Q2 24
$-0.16
$-0.16
Q1 24
$-1.11
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIEE
FIEE
FKWL
FKWL
Cash + ST InvestmentsLiquidity on hand
$3.1M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.6M
$35.1M
Total Assets
$10.8M
$53.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIEE
FIEE
FKWL
FKWL
Q4 25
$3.1M
$24.3M
Q3 25
$5.9M
$25.3M
Q2 25
$4.5M
$25.9M
Q1 25
$9.1K
$25.3M
Q4 24
$21.9M
Q3 24
$191.7K
$40.7M
Q2 24
$630.8K
$37.5M
Q1 24
$1.0M
$31.7M
Stockholders' Equity
FIEE
FIEE
FKWL
FKWL
Q4 25
$6.6M
$35.1M
Q3 25
$3.9M
$35.1M
Q2 25
$2.9M
$34.5M
Q1 25
$-503.9K
$35.3M
Q4 24
$36.0M
Q3 24
$-558.9K
$35.8M
Q2 24
$-404.7K
$35.1M
Q1 24
$83.2K
$36.9M
Total Assets
FIEE
FIEE
FKWL
FKWL
Q4 25
$10.8M
$53.0M
Q3 25
$8.5M
$53.3M
Q2 25
$7.1M
$51.3M
Q1 25
$357.9K
$49.7M
Q4 24
$54.5M
Q3 24
$433.2K
$51.6M
Q2 24
$953.3K
$46.7M
Q1 24
$1.5M
$50.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIEE
FIEE
FKWL
FKWL
Operating Cash FlowLast quarter
$3.6M
$-4.1M
Free Cash FlowOCF − Capex
$3.5M
$-4.1M
FCF MarginFCF / Revenue
82.0%
-34.3%
Capex IntensityCapex / Revenue
4.4%
0.1%
Cash ConversionOCF / Net Profit
-7.66×
TTM Free Cash FlowTrailing 4 quarters
$-9.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIEE
FIEE
FKWL
FKWL
Q4 25
$3.6M
$-4.1M
Q3 25
$2.3M
$-1.5M
Q2 25
$543.0K
$2.3M
Q1 25
$-371.1K
$-5.9M
Q4 24
$2.7M
Q3 24
$-904.6K
$2.7M
Q2 24
$-396.2K
$6.2M
Q1 24
$-2.5M
$-779.0K
Free Cash Flow
FIEE
FIEE
FKWL
FKWL
Q4 25
$3.5M
$-4.1M
Q3 25
$913.0K
$-1.5M
Q2 25
$2.3M
Q1 25
$-5.9M
Q4 24
$2.7M
Q3 24
$2.6M
Q2 24
$6.2M
Q1 24
$-816.0K
FCF Margin
FIEE
FIEE
FKWL
FKWL
Q4 25
82.0%
-34.3%
Q3 25
47.1%
-11.7%
Q2 25
33.6%
Q1 25
-73.7%
Q4 24
15.4%
Q3 24
19.9%
Q2 24
101.3%
Q1 24
-13.2%
Capex Intensity
FIEE
FIEE
FKWL
FKWL
Q4 25
4.4%
0.1%
Q3 25
71.9%
0.0%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.2%
Q2 24
0.0%
Q1 24
0.6%
Cash Conversion
FIEE
FIEE
FKWL
FKWL
Q4 25
-7.66×
Q3 25
-2.32×
Q2 25
Q1 25
Q4 24
11.99×
Q3 24
5.18×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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