Welcome to our dedicated page for Franklin Wireless news (Ticker: FKWL), a resource for investors and traders seeking the latest updates and insights on Franklin Wireless stock.
Franklin Wireless Corp. (NASDAQ: FKWL), operating under the Franklin Access brand, regularly issues news about its wireless connectivity products, software platforms, partnerships, and corporate actions. This page aggregates FKWL news so readers can follow developments in its 4G LTE and 5G hotspots, routers, IoT devices, and management solutions.
Company announcements highlight new hardware such as 5G Fixed Wireless Access routers, 5G RedCap mobile hotspots, and remotely managed M2M routers for IoT edge applications. Franklin Access also reports on enhancements to its JEXtream Mobile Device Management (MDM) platform, including features for internet suspension, single sign-on, improved device views, and dashboards for enterprise and education customers. These updates illustrate how the company positions its hardware and software to support secure, stable connectivity across industries like digital signage, healthcare, ATMs, kiosks, vending, and EV charging.
News items also cover initiatives in AI-enabled modules and chipsets, such as the Sigbeat joint venture for 4G/5G modules with on-device AI and the Memorandum of Understanding with AiM Future to co-develop a lightweight AI model and a 1 TOPS AI SoC chipset. In addition, Franklin Wireless discloses corporate developments, including board appointments, litigation outcomes, and Board-approved dividends, through press releases and SEC-related communications.
Investors and industry observers can use this news feed to review Franklin Access product launches, platform updates, AI and module partnerships, and governance or capital actions documented by the company. For ongoing research on FKWL, bookmarking this page provides a single location to review the company’s publicly released news over time.
Franklin Access announced a $3 million investment in a joint venture to develop 4G/5G on-device AI modules. These modules promise advanced functionalities like improved security, image processing, and video streaming. The venture aims to innovate mobile broadband modules, providing enhanced privacy, faster response times, and reduced internet dependency. These modules, integrated with local edge computing, are expected to transform voice assistants, AR applications, and security systems. CEO OC Kim highlighted the collaboration's potential to place customers at the forefront of AI module technology, with launches anticipated soon.
Franklin Wireless announced a rebranding and will now operate as Franklin Access. The change aims to better reflect the company's focus on providing network solutions for homes and businesses. The rebrand includes the launch of a new website, FranklinAccess.com, which consolidates all their brands. Despite the name change, there will be no impact on ownership, management, or operations, and the company will still trade on NASDAQ under the ticker FKWL. CEO OC Kim emphasized that this move is strategic and aims to enhance the company's mission of offering seamless global connectivity solutions.
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Franklin Wireless Corp. (FKWL) provided a business update detailing its innovative mobile solutions that drive a shift towards a recurring revenue model. The company has recently announced app-enabled products, enhancing human-to-machine communications in the IoT space. Currently, Franklin's services cater to around 100,000 subscribers, focusing on expanding its subscription services for mobile and IoT devices connected through 4G and 5G networks. Future developments aim to enhance device security and create a seamless ecosystem, which is expected to boost revenue and shareholder value.
Franklin Wireless Corp. (NASDAQ: FKWL) has launched its new Jextream 5G mobile hotspot, available for purchase through C Spire. This device supports C Spire’s 5G network and offers features like dual connectivity and Wi-Fi 6, enhancing performance and usability for up to 20 users. Priced at $199.80 or via a payment plan, it boasts a high-capacity battery and advanced security features. The launch broadens Franklin's market reach and sales potential, marking a significant step in expanding their product lineup for wireless broadband solutions.
Franklin Wireless Corp. (NASDAQ: FKWL) has announced the launch of a new sub-6 5G mobile hotspot in collaboration with C Spire, set to be available next month. This device will utilize C Spire’s advanced 5G network and features dual connectivity for 4G LTE and sub-6 5G. Highlights include Wi-Fi6 technology, supporting up to 20 users simultaneously, and a high-capacity battery. Franklin's president, OC Kim, emphasized the significance of this launch, reflecting a longstanding partnership with C Spire aimed at enhancing customer experience and network performance.
Franklin Wireless Corp. (FKWL) announced that it has surpassed 50,000 subscribers for its Mobile Device Management Service (MDM), Pintrac®. This achievement reflects significant demand from schools and businesses for solutions that facilitate remote access. The MDM service provides remote administration capabilities, allowing users to manage device access, filter content, and track data usage effectively. CEO OC Kim emphasized the importance of this milestone for addressing the needs of remote learning and workplace management.
The subscription model is expected to be boosted by government funding aimed at improving wireless infrastructure in schools.
Franklin Wireless Corp. (NASDAQ: FKWL) has announced that Verizon Wireless is recalling its Jetpack Hotspot devices due to reported battery failures. There have been fewer than 20 reports of issues among over 2 million devices sold in the past three and a half years. The company is collaborating with manufacturing partners to investigate the root cause of these issues.
Franklin Wireless Corp. (NASDAQ: FKWL) has received reports of battery failures in some of its wireless hotspot devices. The company is collaborating with its manufacturing partners and carrier customers to investigate the cause and extent of these issues. This situation raises concerns about product reliability and potential impacts on customer satisfaction and sales. Franklin Wireless is known for its innovative IoT solutions, but addressing these battery problems will be crucial in maintaining its reputation in the market.
Franklin Wireless Corp. (FKWL) reported record second-quarter results for the period ending December 31, 2020, with revenues soaring 399.5% year-over-year to $66.2 million. Net income increased significantly to $6.9 million or $0.58 per basic share, a substantial rise from $581,000 or $0.05 per share in the previous year. The company attributes its success to the growing demand for wireless connectivity amid the Covid-19 pandemic, demonstrating strong operational capabilities and a robust balance sheet with $76.4 million in cash and no financial debt.