Latest news with #FranklinWireless
Globe and Mail
6 days ago
- Business
- Globe and Mail
AT&T Expands 5G RedCap Coverage: Will it Drive Sustainable Growth?
AT&T, Inc. T is steadily expanding its 5G Reduced Capability (RedCap) network coverage nationwide. This network is a lightweight version of 5G. It is designed for devices which need lower bandwidth, low power consumption and lower costs but still offer low latency and reliable internet service. Such features make the technology ideal for large-scale IoT deployments. It is getting popular in multiple domains such as consumer devices like smartwatches, XR devices, industrial IoT devices like sensors, smart meters, healthcare, fleet and asset tracking devices. Per Market Research Intellect, 5G RedCap technology market is projected to grow at a 25% compound annual growth rate between the period of 2024 and 2033. The technology is emerging as a game-changing connectivity layer for mid-tier devices. AT&T has been steadily advancing its 5G RedCap ecosystem to capitalize on this emerging market trend. The company recently announced that its 5G RedCap, built on a 5G Standalone network, now covers 200 million people across the country. Such comprehensive nationwide coverage is a major milestone, making AT&T's 5G network an essential enabler of the next generation of AI-powered IoT innovation and deployment in the United States. Franklin Wireless RG350, a mobile hotspot powered by Qualcomm Snapdragon X35 5G Modem-RF System, is the first commercially approved RedCap product to be used on AT&T's network. The company is collaborating with Samtech, Telit Cinterion and Rhino Mobility to check and certify their module as RedCap compatible and foster advancement in the IoT device ecosystem. How Are Competitors Faring? AT&T faces competition from T-Mobile US, Inc. TMUS and Verizon Communications, Inc. VZ in this market. T-Mobile is also advancing RedCap technology infrastructure nationwide in 2025. The company emphasizes that its technology efficiently reduces power consumption without compromising service quality. T-Mobile's effort to extend its 5G beyond legacy mobile services can pose a challenge to AT&T. Verizon is witnessing healthy 5G traction. Its 5G mobility service offers an unmatched experience that impacts industries as diverse as public safety, health care, retail and sports. The company has collaborated with Ericsson and MediaTek to conduct trials for RedCap technology. However, Verizon is playing a catch-up game with its U.S. competitors, T-Mobile and AT&T, in RedCap commercialization. T's Price Performance, Valuation and Estimates AT&T has gained 41% over the past year compared with the Wireless National industry's growth of 18.4%. Going by the price/book ratio, the company's shares currently trade at 12.58 forward earnings, lower than 12.96 of the industry but above its mean of 10.96. Image Source: Zacks Investment Research Earnings estimates for 2025 and 2026 have remained unchanged for the past 60 days. AT&T currently carries a Zacks Rank #3 (Hold). You can see t the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AT&T Inc. (T): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report T-Mobile US, Inc. (TMUS): Free Stock Analysis Report
Phone Arena
17-07-2025
- Business
- Phone Arena
There's a different wave of 5G coming and AT&T is already riding it
While AT&T is preparing to shut down a service that could leave some vulnerable users disconnected, the carrier is also moving forward in a big way when it comes to expanding connectivity. AT&T just hit a pretty huge milestone in the 5G space – and no, it's not about lightning-fast speeds or fancy flagship phones. The carrier now has nationwide coverage for 5G RedCap, and it already reaches over 200 million Points of Presence (POPs) across the US. So, what is RedCap? It's basically a low-bandwidth version of 5G – also known as NR-Light – made specifically for IoT devices, wearables, sensors and other gadgets that don't need ultra-high bandwidth but do need solid, always-on connectivity. Think smartwatches, XR glasses, fitness bands, surveillance gear – all the stuff that can benefit from a cellular connection but doesn't need full-blown 5G. Because it's lighter, RedCap means lower power usage, fewer antennas and cheaper hardware. That opens the door for more affordable and longer-lasting cellular-connected devices, whether it's healthcare gear, logistics trackers, industrial sensors, fleet management tools, wearables or smart gadgets. You name it. AT&T 's nationwide RedCap network comes just two years after the company made its first RedCap data call over a live 5G Standalone network. Now, it's working with partners like Semtech, Telit Cinterion, and Rhino Mobility to certify new RedCap modules and expand the ecosystem. AT&T also just certified the Franklin Wireless RG350, which becomes the first commercially approved 5G RedCap device for its network. – Jason Sikes, VP Device Technology, AT&T , July 2025 It is a mobile hotspot powered by the Qualcomm Snapdragon X35 5G Modem-RF System, designed to deliver the simplicity and efficiency of RedCap in a compact, travel-friendly package. Whether you are remote working, traveling or just need a solid backup connection, this could be a handy option. And honestly? That might be more impactful in the long run than another round of speed bumps on our phones. With RedCap, we are talking about bringing smart connectivity to everything from hospital beds to factory floors – and that's when 5G starts to feel really useful. Secure your connection now at a bargain price! We may earn a commission if you make a purchase Check Out The Offer
Yahoo
22-05-2025
- Business
- Yahoo
Franklin Wireless Q3 Loss Narrows Y/Y on Higher Sales, Shares Slide
Shares of Franklin Wireless Corp. FKWL have declined 10.4% since reporting results for the third quarter of fiscal 2025. This compares with the S&P 500 index's 0.8% rise over the same time frame. Over the past month, the stock has lost 14.3% against the S&P 500's 10.3% rally, reflecting investor concern over operational results and market trends impacting the company's performance. For the quarter ended March 31, 2025, Franklin Wireless reported a 29.7% revenue increase to $8.01 million from $6.18 million in the prior-year period. However, top-line growth was offset by a wider net loss. The company posted a net loss attributable to shareholders of $644,786, or 5 cents per share, narrower than a loss of $1.18 million, or 10 cents per share, in the prior-year quarter. This improvement in bottom-line results was largely driven by stronger gross profit margins and other income sources, though operating losses widened due to a substantial increase in selling, general and administrative expenses. On a nine-month basis, revenues soared 58.7% to $39.16 million from $24.68 million. Net income turned positive at $99,141 from a loss of $2.2 million a year earlier. Diluted EPS was 1 cent versus negative 19 cents, marking a modest recovery in the earnings performance. Franklin Wireless Corp. price-consensus-eps-surprise-chart | Franklin Wireless Corp. Quote Gross profit nearly tripled in the fiscal third quarter to $1.35 million from $517,000 a year ago, as the gross margin improved to 16.9% from 8.4%. Management attributed this to sales of higher-margin products. For the nine months ended March 31, 2025, gross margin also rose to 17% from 11.6% in the same nine-month period last year. Despite improved gross profits, operating expenses surged 60.2% year over year in the fiscal third quarter, reaching $3.32 million. This increase was largely due to a $1.25-million incentive bonus accrued for president O.C. Kim tied to a joint venture deal, as well as higher shipping and administrative costs. Operating cash flow remained negative at $490,000 for the nine months, although this was a significant improvement from the $7-million outflow a year earlier. The company ended the quarter with $38.1 million in combined cash and short-term investments, which management views as sufficient to fund operations through at least the next 12 months. Franklin Wireless's management acknowledged that shifting consumer demand following the post-pandemic slowdown in remote education and work-from-home setups has pressured demand for mobile device management services. In response, the company is investing in enhanced software capabilities and expanding its higher-margin hardware offerings. The firm also pointed to favorable foreign exchange movements and a $1-million legal settlement receivable from its CEO as contributors to the quarter's positive other income of $1.33 million, reversing a loss of $68,000 in the prior-year quarter. Sales growth in the quarter was concentrated in North America, which accounted for nearly all revenues. Asia contributed a negligible $2,582 in the fiscal third quarter, although it had generated more than $96,000 in the same period last year. The volatility in regional contributions was linked to fluctuations in Wi-Fi router sales from the company's South Korea-based R&D subsidiary, Franklin Technology Inc. Higher general and administrative costs, along with rising R&D investment, weighed on profitability. While R&D spending declined slightly in the fiscal third quarter, year-to-date expenses rose 8.5% due to the timing and scope of ongoing product development projects. In the quarter, Franklin Wireless finalized the formation of a new joint venture, Sigbeat Inc., with its EMS partner, Forge International. Franklin holds a 60% stake and Forge contributed $2 million to the venture. Sigbeat will focus on global sales and marketing of telecommunications modules. This move significantly boosted non-controlling interests on the balance sheet and represents a strategic effort to diversify revenue streams. On May 8, 2025, the company entered an agreement to repurchase 200,000 fully vested stock options from president O.C. Kim for $746,067. This follows the earlier forbearance agreement in which Mr. Kim deferred a $1-million legal settlement payment in exchange for the deferral of a $1.25-million bonus. Overall, while Franklin Wireless delivered solid revenue growth and showed early signs of earnings recovery, investor sentiment remains cautious amid unresolved operational challenges and heightened executive compensation expenses. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Investing in Franklin Wireless (NASDAQ:FKWL) a year ago would have delivered you a 55% gain
If you want to compound wealth in the stock market, you can do so by buying an index fund. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). To wit, the Franklin Wireless Corp. (NASDAQ:FKWL) share price is 55% higher than it was a year ago, much better than the market return of around 7.7% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! Also impressive, the stock is up 40% over three years, making long term shareholders happy, too. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Our free stock report includes 2 warning signs investors should be aware of before investing in Franklin Wireless. Read for free now. Given that Franklin Wireless didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Shareholders of unprofitable companies usually desire strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. Franklin Wireless actually shrunk its revenue over the last year, with a reduction of 8.3%. Despite the lack of revenue growth, the stock has returned a solid 55% the last twelve months. To us that means that there isn't a lot of correlation between the past revenue performance and the share price, but a closer look at analyst forecasts and the bottom line may well explain a lot. You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). Take a more thorough look at Franklin Wireless' financial health with this free report on its balance sheet. We're pleased to report that Franklin Wireless shareholders have received a total shareholder return of 55% over one year. Notably the five-year annualised TSR loss of 3% per year compares very unfavourably with the recent share price performance. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should learn about the 2 warning signs we've spotted with Franklin Wireless (including 1 which can't be ignored) . But note: Franklin Wireless may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-02-2025
- Business
- Yahoo
Franklin Wireless Second Quarter 2025 Earnings: EPS: US$0.019 (vs US$0.065 loss in 2Q 2024)
Revenue: US$17.8m (up 101% from 2Q 2024). Net income: US$228.7k (up from US$764.6k loss in 2Q 2024). Profit margin: 1.3% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. EPS: US$0.019 (up from US$0.065 loss in 2Q 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Franklin Wireless shares are up 20% from a week ago. You still need to take note of risks, for example - Franklin Wireless has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
