FKWL: Franklin Wireless Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Franklin Wireless Corp (FKWL).

OverviewDividends

$42.78M Market Cap.

As of 05/15/2025 5:00 PM ET (MRY) • Disclaimer

FKWL Market Cap. (MRY)


FKWL Shares Outstanding (MRY)


FKWL Assets (MRY)


Total Assets

$46.72M

Total Liabilities

$10.34M

Total Investments

$25.19M

FKWL Income (MRY)


Revenue

$30.80M

Net Income

-$3.96M

Operating Expense

$9.45M

FKWL Cash Flow (MRY)


CF Operations

-$773.36K

CF Investing

$723.86K

CF Financing

$91.06K

FKWL Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$46,719,829 (-17.93%)

$56,927,078 (9.39%)

$52,041,871 (-9.94%)

$57,788,637 (-11.63%)

Assets Current

$40,220,460 (-22.44%)

$51,857,095 (7.16%)

$48,390,426 (-11.75%)

$54,835,642 (-10.71%)

Assets Non-Current

$6,499,369 (28.19%)

$5,069,983 (38.85%)

$3,651,445 (23.65%)

$2,952,995 (-25.81%)

Goodwill & Intangible Assets

$1,582,911 (-35.50%)

$2,454,169 (51.18%)

$1,623,341 (6.80%)

$1,520,035 (8.70%)

Shareholders Equity

$35,147,054 (-9.71%)

$38,926,861 (-5.13%)

$41,032,790 (-8.18%)

$44,686,002 (119.55%)

Property Plant & Equipment Net

$1,600,973 (530.92%)

$253,753 (-54.24%)

$554,573 (-38.71%)

$904,873 (-33.49%)

Cash & Equivalents

$12,266,556 (0.21%)

$12,241,286 (-53.42%)

$26,277,418 (-42.62%)

$45,796,006 (62.62%)

Accumulated Other Comprehensive Income

-$1,182,825 (-10.35%)

-$1,071,930 (-8.92%)

-$984,152 (-108.29%)

-$472,502 (27.35%)

Deferred Revenue

$158,771 (8.38%)

$146,488 (-36.76%)

$231,624 (0%)

$0 (0%)

Total Investments

$25,191,271 (-6.07%)

$26,819,370 (64.17%)

$16,336,659 (203.32%)

$5,386,034 (0.08%)

Investments Current

$25,191,271 (-6.07%)

$26,819,370 (64.17%)

$16,336,659 (203.32%)

$5,386,034 (0.08%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$1,425,685 (-61.90%)

$3,741,637 (-10.87%)

$4,197,863 (330.32%)

$975,519 (-91.72%)

Trade & Non-Trade Receivables

$1,155,060 (-87.09%)

$8,949,802 (556.75%)

$1,362,751 (-47.43%)

$2,592,469 (-83.83%)

Trade & Non-Trade Payables

$7,262,195 (-43.92%)

$12,950,497 (59.03%)

$8,143,305 (-16.21%)

$9,718,989 (-76.91%)

Accumulated Retained Earnings (Deficit)

$25,137,209 (-13.62%)

$29,101,225 (-8.96%)

$31,964,246 (-10.53%)

$35,727,094 (98.17%)

Tax Assets

$3,184,240 (42.44%)

$2,235,515 (65.91%)

$1,347,436 (247.68%)

$387,548 (-58.69%)

Tax Liabilities

$0 (0%)

$0 (0%)

$6,702 (-97.99%)

$333,503 (860.74%)

Total Debt

$1,497,719 (841.35%)

$159,104 (-66.00%)

$467,938 (-40.42%)

$785,456 (-53.02%)

Debt Current

$239,727 (50.67%)

$159,104 (-48.48%)

$308,834 (-2.74%)

$317,519 (-20.72%)

Debt Non-Current

$1,257,992 (0%)

$0 (0%)

$159,104 (-66.00%)

$467,937 (-63.20%)

Total Liabilities

$10,343,831 (-37.36%)

$16,512,250 (74.93%)

$9,439,476 (-18.79%)

$11,623,473 (-73.74%)

Liabilities Current

$9,085,839 (-44.98%)

$16,512,250 (77.93%)

$9,280,372 (-16.81%)

$11,155,536 (-74.05%)

Liabilities Non-Current

$1,257,992 (0%)

$0 (0%)

$159,104 (-66.00%)

$467,937 (-63.20%)

FKWL Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$30,796,690 (-32.98%)

$45,948,516 (91.47%)

$23,997,762 (-86.97%)

$184,115,345 (145.25%)

Cost of Revenue

$27,288,340 (-29.90%)

$38,927,774 (92.89%)

$20,181,179 (-86.69%)

$151,651,324 (150.47%)

Selling General & Administrative Expense

$6,041,355 (10.82%)

$5,451,653 (20.90%)

$4,509,344 (-11.20%)

$5,077,848 (37.24%)

Research & Development Expense

$3,406,750 (-13.06%)

$3,918,664 (-8.49%)

$4,282,131 (-6.26%)

$4,567,863 (21.92%)

Operating Expenses

$9,448,105 (0.83%)

$9,370,317 (6.58%)

$8,791,475 (-8.86%)

$9,645,711 (29.54%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

-$949,300 (-7.06%)

-$886,659 (14.50%)

-$1,037,068 (-120.58%)

$5,039,295 (265.09%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$4,166,671 (-41.50%)

-$2,944,659 (19.82%)

-$3,672,405 (-119.96%)

$18,396,182 (210.82%)

Net Income to Non-Controlling Interests

-$202,655 (-148.24%)

-$81,638 (-190.26%)

$90,443 (-87.03%)

$697,147 (89.46%)

Net Income

-$3,964,016 (-38.46%)

-$2,863,021 (23.91%)

-$3,762,848 (-121.26%)

$17,699,035 (218.87%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$3,964,016 (-38.46%)

-$2,863,021 (23.91%)

-$3,762,848 (-121.26%)

$17,699,035 (218.87%)

Weighted Average Shares

$11,784,280 (0.41%)

$11,736,609 (1.06%)

$11,613,812 (2.32%)

$11,350,946 (7.27%)

Weighted Average Shares Diluted

$11,784,280 (0.41%)

$11,736,609 (1.06%)

$11,613,812 (0.18%)

$11,592,901 (8.18%)

Earning Before Interest & Taxes (EBIT)

-$4,913,316 (-31.03%)

-$3,749,680 (21.88%)

-$4,799,916 (-121.11%)

$22,738,330 (228.07%)

Gross Profit

$3,508,350 (-50.03%)

$7,020,742 (83.95%)

$3,816,583 (-88.24%)

$32,464,021 (123.51%)

Operating Income

-$5,939,755 (-152.80%)

-$2,349,575 (52.77%)

-$4,974,892 (-121.80%)

$22,818,310 (222.38%)

FKWL Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$723,858 (105.98%)

-$12,109,183 (-3.72%)

-$11,675,028 (-1515.88%)

-$722,520 (9.11%)

Net Cash Flow from Financing

$91,057 (112.04%)

$42,943 (-43.08%)

$75,445 (-98.76%)

$6,074,759 (1067.26%)

Net Cash Flow from Operations

-$773,360 (58.91%)

-$1,882,114 (74.59%)

-$7,407,355 (-161.20%)

$12,104,199 (-44.99%)

Net Cash Flow / Change in Cash & Cash Equivalents

$25,270 (100.18%)

-$14,036,132 (28.09%)

-$19,518,588 (-210.68%)

$17,634,362 (-18.79%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$910,034 (108.76%)

-$10,391,654 (5.10%)

-$10,950,625 (-265950.17%)

-$4,116 (-143.26%)

Capital Expenditure

-$178,384 (89.37%)

-$1,678,482 (-139.57%)

-$700,629 (2.14%)

-$715,952 (-36.34%)

Issuance (Repayment) of Debt Securities

$91,057 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$45,000 (-40.35%)

$75,445 (-98.76%)

$6,074,759 (18237.23%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$16,285 (81.45%)

-$87,778 (82.84%)

-$511,650 (-387.57%)

$177,924 (1238.79%)

Share Based Compensation

$295,104 (-58.49%)

$710,870 (30.23%)

$545,841 (43.36%)

$380,758 (0%)

Depreciation Amortization & Accretion

-$306,197 (-125.78%)

$1,187,521 (22.25%)

$971,397 (6.48%)

$912,300 (-2.64%)

FKWL Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

11.40% (-25.49%)

15.30% (-3.77%)

15.90% (-9.66%)

17.60% (-8.81%)

Profit Margin

-12.90% (-108.06%)

-6.20% (60.51%)

-15.70% (-263.54%)

9.60% (29.73%)

EBITDA Margin

-16.90% (-201.79%)

-5.60% (65.00%)

-16.00% (-225.00%)

12.80% (21.90%)

Return on Average Equity (ROAE)

-10.70% (-48.61%)

-7.20% (19.10%)

-8.90% (-120.55%)

43.30% (32.01%)

Return on Average Assets (ROAA)

-7.90% (-49.06%)

-5.30% (26.39%)

-7.20% (-133.49%)

21.50% (48.28%)

Return on Sales (ROS)

-16.00% (-95.12%)

-8.20% (59.00%)

-20.00% (-261.29%)

12.40% (34.78%)

Return on Invested Capital (ROIC)

-16.20% (9.50%)

-17.90% (69.08%)

-57.90% (71.29%)

-201.70% (-274.48%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-10.68 (31.31%)

-15.54 (-56.75%)

-9.91 (-268.68%)

5.88 (-44.63%)

Price to Sales Ratio (P/S)

1.39 (45.75%)

0.95 (-37.92%)

1.53 (171.68%)

0.56 (-27.38%)

Price to Book Ratio (P/B)

1.22 (7.79%)

1.13 (26.00%)

0.9 (-62.32%)

2.38 (-17.29%)

Debt to Equity Ratio (D/E)

0.29 (-30.66%)

0.42 (84.35%)

0.23 (-11.54%)

0.26 (-88.04%)

Earnings Per Share (EPS)

-0.34 (-41.67%)

-0.24 (25.00%)

-0.32 (-120.51%)

1.56 (200.00%)

Sales Per Share (SPS)

2.61 (-33.26%)

3.92 (89.50%)

2.07 (-87.26%)

16.22 (128.61%)

Free Cash Flow Per Share (FCFPS)

-0.08 (73.27%)

-0.3 (56.59%)

-0.7 (-169.59%)

1 (-50.59%)

Book Value Per Share (BVPS)

2.98 (-10.07%)

3.32 (-6.11%)

3.53 (-10.26%)

3.94 (104.63%)

Tangible Assets Book Value Per Share (TABVPS)

3.83 (-17.47%)

4.64 (6.91%)

4.34 (-12.43%)

4.96 (-18.04%)

Enterprise Value Over EBIT (EV/EBIT)

-8 (-14.29%)

-7 (0%)

0 (0%)

2 (-75.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

-7.15 (31.17%)

-10.39 (-4457.46%)

-0.23 (-110.21%)

2.23 (-66.33%)

Asset Turnover

0.61 (-28.07%)

0.85 (86.27%)

0.46 (-79.52%)

2.24 (14.28%)

Current Ratio

4.43 (40.94%)

3.14 (-39.76%)

5.21 (6.06%)

4.92 (244.02%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$951,744 (73.27%)

-$3,560,596 (56.09%)

-$8,107,984 (-171.20%)

$11,388,247 (-46.98%)

Enterprise Value (EV)

$37,332,432 (40.23%)

$26,623,082 (2944.89%)

$874,354 (-98.34%)

$52,814,770 (1.20%)

Earnings Before Tax (EBT)

-$4,913,316 (-31.03%)

-$3,749,680 (21.88%)

-$4,799,916 (-121.11%)

$22,738,330 (228.07%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$5,219,513 (-103.72%)

-$2,562,159 (33.08%)

-$3,828,519 (-116.19%)

$23,650,630 (200.59%)

Invested Capital

$25,282,242 (-2.30%)

$25,878,477 (68.82%)

$15,328,678 (14852.47%)

$102,516 (101.87%)

Working Capital

$31,134,621 (-11.91%)

$35,344,845 (-9.63%)

$39,110,054 (-10.46%)

$43,680,106 (137.05%)

Tangible Asset Value

$45,136,918 (-17.14%)

$54,472,909 (8.04%)

$50,418,530 (-10.40%)

$56,268,602 (-12.07%)

Market Capitalization

$42,776,936 (-2.68%)

$43,955,364 (19.49%)

$36,785,172 (-65.39%)

$106,282,877 (81.61%)

Average Equity

$37,189,981 (-6.54%)

$39,793,885 (-5.67%)

$42,187,105 (3.23%)

$40,868,790 (141.78%)

Average Assets

$50,058,989 (-6.82%)

$53,725,538 (2.76%)

$52,281,025 (-36.37%)

$82,158,912 (114.65%)

Invested Capital Average

$30,240,752 (44.64%)

$20,908,012 (152.11%)

$8,293,221 (173.58%)

-$11,270,814 (-287.97%)

Shares

11,784,280 (0.00%)

11,784,280 (1.64%)

11,594,280 (0.03%)

11,590,281 (9.32%)