Quarterly ResultApr 30, 2026, 04:24 PM
FIEE Q1 Revenue $2.1M; Net Income $0.4M; Profit Turnaround
AI Summary
FiEE, Inc. announced its first quarter 2026 financial results, reporting a significant turnaround with net income of $0.4 million compared to a net loss of $0.4 million in the prior year. Revenue surged to $2.1 million from $125 in Q1 2025, driven by the strategic shift to SaaS solutions and new customized software and digital authentication services. The company also achieved a gross margin of 70.4% and generated $67 thousand in net cash from operating activities.
Key Highlights
- Revenue reached $2.1 million, a substantial increase from $125 in Q1 2025.
- Net income was $0.4 million, a turnaround from a net loss of $0.4 million in Q1 2025.
- Gross profit was $1.5 million, up from a gross loss of $625 in the prior year, with a gross margin of 70.4%.
- Diluted EPS was $0.02, compared to a loss of $0.10 in Q1 2025.
- SaaS – MCN digital services generated $1.1 million in revenue for the quarter.
- Customized software services contributed $0.6 million in revenue, serving 17 customers.
- Digital authentication services added $0.4 million in revenue from 57 clients.
- Net cash provided by operating activities was $67 thousand for the quarter.