Franklin Wireless Corporation Reports 49.6% Increase in Net Sales to $46.1 Million and Narrows Net Loss for Fiscal Year Ended June 30, 2025

Reuters
Sep 29
<a href="https://laohu8.com/S/FKWL">Franklin Wireless</a> Corporation Reports 49.6% Increase in Net Sales to $46.1 Million and Narrows Net Loss for Fiscal Year Ended June 30, 2025

Franklin Wireless Corporation reported financial results for the fiscal year ended June 30, 2025. Net sales for the period remained at 100% of sales as in the previous year. The company's cost of goods sold improved to 82.8% of sales from 88.6% in the prior year, resulting in a gross profit margin of 17.2%, up from 11.4% a year earlier. Operating expenses represented 23.4% of sales, compared to 30.7% in the previous year. The company reported a loss from operations of 6.2% of sales, narrowing from a loss of 19.3% in the previous year. Net loss before income taxes improved to 0.4% of sales from 16.6% previously. The net loss for the year was 0.3% of sales, compared to 13.5% in the prior year. Franklin Wireless, operating as Franklin Access, noted ongoing efforts to maintain existing customer relationships, expand new customer contracts, and manage costs. The company highlighted its focus on integrated wireless solutions utilizing 5G and 4G LTE technologies and its engagement in initiatives aimed at bridging the digital divide. Primary markets remain in North America and Asia. The company expects future revenue growth to be influenced by customer retention, demand for wireless data products, new product acceptance, and relationships with manufacturers and suppliers.

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