Full-Year Revenue Growth of 867.9% Year-over-Year
<\/i>Achieved Net Income Turnaround in Fiscal Year 2025<\/i><\/p>\n
HONG KONG<\/span>, March 21, 2026 \/PRNewswire\/ — FiEE, Inc. (NASDAQ:FIEE) (“FiEE” or the “Company”), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, today announced its financial results for the fourth quarter and full-year\u00a0ended December 31, 2025<\/span>.<\/span><\/p>\n Operational and Financial Highlights for the Year Ended December 31, 2025<\/span><\/b><\/p>\n Operational and Financial Highlights for the <\/b>Fourth Quarter Ended December 31, 2025<\/span><\/b><\/p>\n Rafael Li<\/span>, Chief Executive Officer of FiEE, <\/b>commented, “We are pleased to report a strong fourth-quarter and full-year 2025 performance, with full-year revenues rising 867.9% year-over-year to approximately $6.2 million<\/span>, supported by our changing strategic focus from hardware operations to SaaS solutions. Despite receiving our first customer orders in March 2025<\/span>, we were able to onboard 800 customers in the span of 10 months, while significantly boosting our gross margin by 54.0 percentage points to 86.4%. As a result, FiEE expects its profit turnaround in 2025 to lay a solid foundation for sustainable performance.”<\/p>\n Mr. Li further mentioned,<\/b>\u00a0“Looking ahead, we plan to remain committed to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape. In addition to organic growth, we also plan to keep a keen eye on other external opportunities, in an attempt to further accelerate business growth and create greater value for our stockholders.”<\/p>\n Financial Results for the Year Ended December 31, 2025<\/span><\/b><\/p>\n Revenue <\/b>was approximately $6.2 million<\/span>, compared to approximately $0.6 million<\/span> in the same period of fiscal year 2024.<\/p>\n Revenues<\/b><\/span><\/p>\n<\/td>\n Year Ended December 31,<\/b><\/span><\/p>\n<\/td>\n %<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n 2025<\/b><\/span><\/p>\n<\/td>\n 2024<\/b><\/span><\/p>\n<\/td>\n change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n $<\/b><\/span><\/p>\n<\/td>\n $<\/b><\/span><\/p>\n<\/td>\n YoY<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n Product sales <\/span><\/p>\n<\/td>\n <\/span><\/p>\n $<\/span><\/p>\n<\/td>\n –<\/span><\/p>\n<\/td>\n $<\/span><\/p>\n<\/td>\n 638,804<\/span><\/p>\n<\/td>\n (100.0)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n <\/span><\/p>\n –<\/span><\/p>\n<\/td>\n 1,089<\/span><\/p>\n<\/td>\n (100.0)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n <\/span><\/p>\n 5,275,761<\/span><\/p>\n<\/td>\n –<\/span><\/p>\n<\/td>\n N\/A<\/span><\/p>\n<\/td>\n<\/tr>\n <\/span><\/p>\n 588,811<\/span><\/p>\n<\/td>\n –<\/span><\/p>\n<\/td>\n N\/A<\/span><\/p>\n<\/td>\n<\/tr>\n <\/span><\/p>\n 329,044<\/span><\/p>\n<\/td>\n –<\/span><\/p>\n<\/td>\n N\/A<\/span><\/p>\n<\/td>\n<\/tr>\n Total<\/b><\/span><\/p>\n<\/td>\n $<\/b><\/span><\/p>\n<\/td>\n 6,193,616<\/span><\/p>\n<\/td>\n $<\/b><\/span><\/p>\n<\/td>\n 639,893<\/span><\/p>\n<\/td>\n 867.9\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n Gross profit <\/b>was approximately $5.4 million<\/span>, compared to approximately $0.2 million<\/span> in the same period of 2024.<\/p>\n Gross margin <\/b>was 86.4%, compared to 32.4% in the same period of 2024.<\/p>\n Operating expenses <\/b>were approximately $3.8 million<\/span>, representing a decrease of 14.4% from $4.4 million<\/span> in the same period of 2024.<\/p>\n Operating income <\/b>was approximately $1.6 million<\/span>, as compared to a loss of $4.2 million<\/span> in the prior year.<\/p>\n Net income <\/b>was approximately $1.1 million<\/span>, representing a turnaround from a loss of $4.2 million<\/span> in the prior year.<\/p>\n Diluted earnings per common share <\/b>was $0.10<\/span>, as compared to a loss of $1.34<\/span> in the prior year.<\/p>\n As of December\u00a031, 2025, total cash <\/b>was $3.1 million<\/span>, as compared to $0.03 million<\/span> as of December 31, 2024<\/span>.<\/p>\n About FiEE, Inc.<\/b><\/p>\n FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi\/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint.<\/p>\n FiEE, Inc.’s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE, Inc.’s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives.<\/p>\n Forward-Looking Statements<\/b><\/p>\n In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company’s expectation or belief concerning future events. Without limiting the foregoing, the words “believes,” “expects,” “may,” “might,” “will,” “should,” “seeks,” “intends,” “plans,” “strives,” “goal,” “estimates,” “forecasts,” “projects” or “anticipates” or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and performance of the Company, (ii) our ability to successfully implement our strategic business transformation, (iii) our long-term growth objectives and opportunities, (iv) our commitment to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape and (v) our plans to further accelerate business growth and create value for our stockholders.<\/p>\n By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See “Risk Factors” and “Special Note Regarding Forward-Looking Statements” included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.<\/p>\n\n
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