Franklin Wireless Corp. (FKWL) is a globally renowned wireless communications equipment design company. Incorporated in 1982 and based in San Diego, California, the company has been revolutionizing wireless communication technology over the years. Its primary mission is to provide advanced, sophisticated and versatile hardware and software solutions that serve essential connectivity and tracking needs in an increasingly interconnected world.
The company operates through two principal segments - the Integrated Circuits (IC) and Radio Frequency (RF) division, specializing in semiconductors and radio frequency identification respectively. It has developed significant expertise in designing, manufacturing, and distributing wireless devices such as mobile hotspots, modems, routers and IoT (Internet of Things) devices. Their portfolio also boasts smart tracking solutions that leverage GPS, Wi-Fi, and cellular technology.
Franklin Wireless Corp. is an original equipment manufacturer (OEM) partner for some of the world's leading telecommunication companies, such as Sprint, T-Mobile, AT&T, Telstra and Vodafone. This strategic positioning in the wireless communication landscape demonstrates the company's impact and influence in the technology sector.
The hallmark of Franklin Wireless Corp.'s robust reputation is its commitment to innovation, quality, and customer satisfaction. The company operates research and development (R&D) facilities in the USA and South Korea and holds numerous patents to protect its innovative technologies.
From inception, Franklin Wireless Corp. has distinguished itself by adopting a forward-thinking approach that allocates substantial resources to R&D to keep pace with the technological advancements in its industry. It not only manufactures devices but also provides software solutions and integrated services that make for a complete wireless networking ecosystem.
This company also boasts a diverse clientele that includes telecommunication carriers, distributors, original equipment manufacturers, and vertical market solutions providers. This comprehensive reach has enabled Franklin Wireless Corp. to flex its technical prowess and foster relationships within the various strata of the industry.
As the world steadily creeps towards communication omnipresence, Franklin Wireless Corp. is uniquely positioned to spearhead efforts to meet growing connectivity demands. The company continues to chart its way through the wireless communications landscape with its pulse on cutting-edge technology and eye on customer satisfaction.
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Franklin Wireless Corp. reported a widening net loss in fiscal year 2026, with net sales falling 20.8% to $36.5 million. The company's loss per share was 40 cents, compared to 2 cents a year earlier. This decline was attributed to a strategic shift away from mobile hotspots and weakening post-pandemic demand, compounded by a significant litigation contingency expense.
Franklin Wireless Corp. (FKWL) shares fell marginally after the company reported a widening net loss and a 20.8% decrease in net sales for fiscal year 2026. The company's strategic shift away from mobile hotspots towards fixed wireless routers and telecommunications modules, alongside customer concentration and litigation expenses, contributed to the financial decline. Despite lower operating expenses, the loss from operations increased, and liquidity was impacted by cash used in operating activities.
Franklin Wireless Corp. (NASDAQ:FKWL) has filed its annual Form 10-K for the fiscal year ending June 30, 2026, indicating a strategic shift from mobile hotspot devices to fixed wireless routers and telecommunications modules due to declining demand for legacy hotspot products. The company also disclosed its ownership stakes in subsidiaries Franklin Technology Inc. and Sigbeat Inc., and its plans to incorporate AI-compatible hardware in the future. As of September 28, 2026, Franklin Wireless reported 11,784,280 common stock shares outstanding.