FiEE Q1 2026 Revenue Jumps to $2.1M, Net Income $0.4M
FiEE posted Q1 2026 revenue of $2.1 million, up from $0.125 million year-on-year, driven by its SaaS transition and new software and authentication services to boost gross margin to 70.4%. Net income swung to $0.4 million (EPS $0.02) from a $0.4 million loss, cash reached $4.6 million.
1. Q1 2026 Financial Results
FiEE delivered Q1 revenue of $2.1 million, compared to $0.125 million a year earlier, achieving a 70.4% gross margin versus a prior-year gross loss. Operating income reached $0.4 million and net income was $0.4 million, reversing a $0.4 million loss, while diluted EPS was $0.02.
2. SaaS Transition and Service Expansion
The revenue surge reflects FiEE’s shift from hardware to SaaS, onboarding 818 customers for its MCN digital services, which generated $1.1 million in Q1. Customized software R&D and digital authentication services added $0.6 million and $0.4 million respectively, following a November acquisition.
3. Cash Position and Growth Strategy
FiEE closed the quarter with $4.6 million in cash and equivalents, up from $3.1 million. Management plans to invest in AI-powered music creation, expand R&D, and deepen partnerships between influencers and global markets to drive future growth.