FIEE Announces Fiscal 2025 Third Quarter Unaudited Financial Results

Core Insights - FiEE, Inc. reported a significant increase in net sales, achieving a 210% year-over-year growth for the nine months ended September 30, 2025, with net sales reaching $1,984,660 compared to $639,893 in the same period of 2024 [4][6][7] - The company's strategic pivot to Software-as-a-Service (SaaS) solutions has been validated by strong sales performance, particularly in customized software R&D services and MCN digital services [3][6] - Gross profit for the nine months ended September 30, 2025, was $1,648,241, with a gross margin of 83%, a significant improvement from 32.4% in the same period of 2024 [6][7] Financial Performance - Net sales for the three months ended September 30, 2025, were $1,939,542, a substantial increase from $44,993 for the three months ended June 30, 2025 [6] - The company onboarded 528 customers for its SaaS service by September 30, 2025, up from 245 customers as of June 30, 2025 [6] - Prepaid subscription fees for the SaaS service totaled $4.24 million for the nine months ended September 30, 2025, compared to $1.5 million for the six months ended June 30, 2025 [6] Operational Highlights - Operating expenses decreased by 39.9% to $2,756,879 for the nine months ended September 30, 2025, down from $4,590,491 in the same period of 2024 [7][12] - The net loss for the three months ended September 30, 2025, was $252,985, a significant reduction from a net loss of $625,067 for the same period in 2024 [6][8] - The company successfully participated in the Osaka World Expo, enhancing its international presence and engagement with global innovators [3] Strategic Focus - FiEE, Inc. is focused on expanding its international footprint and enhancing customer experience through continued investment in R&D [3] - The company has transitioned to a Software First Model to leverage its expertise in IoT, connectivity, and AI, aiming to explore new business opportunities [9][10]