Quarterly ResultMay 15, 2026, 09:38 AM
Franklin Wireless Q3 Net Sales Down 57%; Net Loss Widens to $1.56M
AI Summary
Franklin Wireless Corp. reported a significant decline in financial performance for the third quarter and nine months ended March 31, 2026. Net sales for the quarter decreased by 57% year-over-year, leading to a widened net loss of $1.56 million. The company also experienced a substantial increase in cash used in operating activities and a decrease in cash and cash equivalents, reflecting challenging market conditions.
Key Highlights
- Net sales for Q3 2026 decreased 57% to $3.44 million from $8.01 million in Q3 2025.
- Net loss attributable to Parent Company for Q3 2026 widened to $1.56 million from $0.64 million in Q3 2025.
- For the nine months, net sales decreased 28% to $28.12 million from $39.16 million year-over-year.
- Nine-month net loss attributable to Parent Company was $0.38 million, compared to a $0.10 million net income in the prior year.
- Cash and cash equivalents decreased to $9.31 million as of March 31, 2026, from $14.74 million at June 30, 2025.
- Net cash used in operating activities for the nine months increased to $5.56 million from $0.49 million in the prior year.
- The company declared and paid a dividend of $0.47 million during the nine months ended March 31, 2026.
- North America sales for the nine months decreased to $28.10 million from $39.16 million year-over-year.
Price Impact
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