Franklin Wireless(US:FKWL)2023-09-27 16:00Company Overview - Franklin Wireless Corp. has majority ownership of Franklin Technology Inc. (FTI), a research and development company based in Seoul, South Korea, focusing on wireless product design and development [19]. - The company operates primarily in North America, the Caribbean, South America, and Asia, generating revenues from the sale of wireless access products [21]. - For the fiscal year ended June 30, 2023, the majority of product manufacturing was performed by two independent companies located in Asia [27]. Product and Technology - The company is a global leader in mobile technologies, including 5G/4G mobile hotspots and fixed wireless routers, contributing to the Digital Divide initiative [22]. Financial Information - Franklin Wireless Corp. may require additional financing for product development, with uncertainty regarding the availability of adequate funds [29]. - The company has 11,784,280 shares of common stock outstanding as of September 28, 2023 [34]. - The fiscal year ends on June 30, with references to fiscal 2023 and fiscal 2022 indicating the respective fiscal years [38].