Franklin Wireless FY26 net loss widens to $6.94 million; net sales drop 20.8% to $36.51 million
FKWL•Franklin Wireless reported fiscal 2026 net sales of $36.51 million, down 20.8%, and a net loss of $6.94 million. A $4.62 million litigation contingency loss tied to a partially adverse ruling against its South Korea unit FTI was included in other income.
1. Fiscal 2026 results
Operating loss widened to 7.4% of net sales from 6.2% a year earlier. Net loss expanded to 19.0% of net sales from 0.3%, while other income shifted to a 12.0% expense from 5.8% income.
2. Cash and strategy
Cash, cash equivalents and short-term investments totaled $31.95 million at June 30, 2026. The company shifted its strategy toward fixed wireless routers and telecom modules.
