FiEE, Inc. Announces Fourth Quarter and Full-Year 2025 Financial Results

Core Insights - FiEE, Inc. reported a significant revenue growth of 867.9% year-over-year, reaching approximately $6.2 million for the full year 2025, driven by a strategic shift from hardware to SaaS solutions [2][3][4] - The company achieved a net income of approximately $1.1 million in 2025, marking a turnaround from a net loss of $4.2 million in the previous year [3][7] - Gross profit surged by 2,483.0% year-over-year to approximately $5.4 million, with a gross margin improvement to 86.4% from 32.4% in the prior year [3][6][7] Financial Performance - Full-year revenue was approximately $6.2 million, compared to $0.6 million in 2024 [4][6] - Revenue from SaaS – MCN digital services totaled $5.3 million, contributing significantly to the overall revenue [3][4] - Operating income was approximately $1.6 million, a substantial improvement from a loss of $4.2 million in the prior year [7][20] Customer Acquisition and Services - The company onboarded approximately 800 customers in 2025, with initial sales generated from customer orders received in March 2025 [2][3] - Customized software services contracts totaled $1.2 million, with revenue recognized based on completion progress [3][4] - Digital authentication services generated $0.3 million in revenue, leveraging AI and blockchain technology [3][4] Operational Highlights - Gross margin improved significantly by 54.0 percentage points to 86.4% due to the transition to SaaS solutions [4][6] - Selling and marketing expenses increased by 531.7% to approximately $0.4 million, reflecting the company's business transformation efforts [9] - General and administrative expenses rose by 61.8% to approximately $3.3 million, primarily due to the shift from hardware to software operations [9] Cash Position - As of December 31, 2025, total cash was approximately $3.1 million, a significant increase from $0.03 million in the previous year [10][16]