FIEE•FiEE's Q3 revenue rose year over year to $2.6 million, and net income turned positive from a year-ago loss. The company attributed growth to its shift toward SaaS and digital services.
FiEE said its transition from hardware to SaaS and digital services, including MCN digital services, software services and phygital art advisory, primarily drove revenue growth. Gross margin declined because of higher amortization costs and changes in revenue mix. The company provided no specific financial guidance for upcoming quarters or the full year.
