Franklin Wireless Corp

franklinaccess.com

What Do They Do?

Sells mobile hotspots, fixed wireless routers and device-management software to wireless operators, strategic partners and distributors.

How Do They Make Money?

Customers buy wireless products through purchase orders, and Franklin invoices when goods are delivered; a small amount of revenue comes from project work earned as it progresses.

FY2026 revenue

Who Are Their Customers?

Wireless operators are the primary customers and are served mainly through Franklin’s direct sales team. Strategic partners and distributors also sell its products.

Customers above 10% of revenue, FY2026

of revenue from two customers (61%, 28%)

FY2025: 94% from two customers

Do Revenues Turn Into Profits?

No. It lost $4.7M in FY2026.

Operating income, FY2026

−7% of revenue

▼ −6% (Loss) vs FY2025 (−$2.9M, −6%)

Net income, FY2026

−13% of revenue

▲ +1851% (Loss) vs FY2025 (−$243.1K, −1%)

Free cash flow, FY2026

−17% of revenue

▼ Now a loss vs FY2025 ($1.8M, 4%)

How Are They Changing?

Growing. Revenue grew 52% in 4 years, from $24M in FY2022 to $36.5M in FY2026, about 11% a year.

Toward routers and modules The latest report says Franklin is reducing its focus on mobile hotspots and increasing its focus on fixed wireless routers and telecommunications modules; the older report describes offerings that also included trackers and software subscriptions.

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