Strange no one cared about this;
Franklin Wireless Announces First Quarter Fiscal 2011 Financial Results
Franklin Wireless Corp (BB) (OTCBB:FKWL)
Intraday Stock Chart
Today : Tuesday 16 November 2010
Franklin Wireless Corp. (OTCBB: FKWL), the market leader in dual-mode WiMAX and CDMA modems for 3G and 4G wireless broadband data communications, today announced financial results for the first quarter of fiscal year 2011 ended September 30, 2010.
The company reported an increase in net sales of 223% to $16.6 million for the quarter ending September 30, 2010, compared with $5.1 million in sales for the corresponding period of 2009. Net income before tax increased to $2.1 million for the three month period ending September 30, 2010, compared with $209,428 for the same period in 2009. The results were driven primarily by demand for the company's dual-mode 3G/4G USB modems as well as its single-mode devices including modems and routers. In addition, gross profit margin percent increased to 29.5% for the first quarter of fiscal 2011 compared to 15.1% for the same quarter last year.
"During the first quarter of our fiscal 2011, Franklin Wireless posted solid revenue, margin and net income results," said OC Kim, president of Franklin Wireless. "Increased demand for our dual-mode 3G/4G USB modems and other products as well as the addition of several new customers helped drive the overall growth compared with the same quarter one year ago. The margins for the quarter reflect, among other things, a greater mix of FTI supplied products, which consisted of the U600 and U210 USB modems. In the case of the U600, we began shipping this device for the first time to a tier 1 US carrier during this past quarter."
The company's 10-Q filing for the three month period ending September 30, 2010 is on file with the SEC (www.sec.gov).
FRANKLIN WIRELESS CORP.
News 
Market Data 
Discover 
