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Monday, October 01, 2012 2:30:18 PM
The stock made a new 52-week high today on reaction to an eye-popping NT 10-K filed after the close on Friday. Specifically,
The Company’s net sales for the year ended June 30, 2012 are expected to be approximately $24 million, as compared to net sales for the year ended June 30, 2011 of approximately $46 million. The decrease in net sales was due to several factors, including increased competition in the dual-mode (3G and 4G) USB modem market, as well as competition from other similar products, which negatively affected volume and price. Sales during the year ended June 30, 2012, were also affected by delays in launching new products. During the year ended June 30, 2012 the Company was developing new products that are expected to be released during the first half of fiscal 2013.
Sounds lousy until you realize that FKWL had sales of just $8.8M through the 9 months ended 3/12. That means that Q4 revenues were over $15M alone (vs less than $5M in Q4 last year)! I estimate that FKWL made EPS of $.12+ on those $15M in revenues.
Looking ahead, over the next 3 quarters the company has 3 easy comps, with losses in each of those 3 quarters.
Finally, last Thursday the company announced that it had bought back a 1.5M block of stock from a disgruntled shareholder group @$1.84 share. This will give a nice boost to EPS going forward, beginning in Q2 FY13.
Since light travels faster than sound, some people appear bright until you hear them speak.
Recent FKWL News
- Franklin Access Invest In A Joint Venture For 4G/5G On-Device AI Modules • GlobeNewswire Inc. • 06/19/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 09:00:22 PM
- Franklin Wireless Now Doing Business As Franklin Access • GlobeNewswire Inc. • 06/12/2024 03:49:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 09:00:13 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:15:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 07:23:11 PM
- Stockholder issues letter to Franklin Wireless requesting the board return cash to shareholders in the form of a special dividend and a stock buyback. Sinnet Capital also urges the board to act as a public company by issuing Press Releases to widely availa • PR Newswire (US) • 12/28/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 09:00:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 08:20:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/09/2023 09:40:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/25/2023 09:00:12 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 09:00:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2023 06:00:07 PM
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