How does FKWL's Q2 earnings compare to Q1?
4/12/2025 04:14pm
Franklin Wireless Corp. (FKWL) experienced significant improvements in its financial performance from the first quarter (Q1) to the second quarter (Q2) of 2025, as evidenced by key metrics such as revenue, net income, and earnings per share (EPS).
1. **Revenue Growth**: The company's revenue for Q2 2025 was $17.8 million, a substantial increase from the $8.847 million reported in Q1 2025. This represents a 101% growth in revenue from Q2 2024 to Q2 2025.
2. **Net Income Improvement**: Franklin Wireless reported a net income of $228,740 for Q2 2025, a stark contrast to the net loss of $764,615 reported in Q1 2025. This indicates a significant turnaround in profitability.
3. **Earnings Per Share (EPS)**: The EPS for Q2 2025 was $0.019, an improvement from the $0.065 loss in Q1 2025. This reflects a substantial increase in profitability per share.
4. **Profit Margin Increase**: The profit margin for Q2 2025 was 1.3%, up from the negative net margin of 9.26% in Q1 2025. This suggests a substantial improvement in operational efficiency and profitability.
In conclusion, Franklin Wireless Corp. has demonstrated significant improvements in its financial performance from Q1 to Q2 2025, driven by higher revenue, increased gross profit, and improved net income. The company's strategic focus on the North American market and increased demand from major carrier customers have contributed to these positive results.