FIEE Inc. reports third-quarter net sales of $1.94 million and narrows net loss to $253,000
FIEE Inc. reported net sales of $1.98 million for the nine months ended September 30, 2025, representing a 210% year-over-year increase from $639,900 in the same period of 2024. Net sales for the third quarter reached $1.94 million, up from $45,000 in the previous quarter. The company's net loss for the three months ended September 30, 2025, was $253,000, significantly reduced from $625,100 in the same period of 2024. For the nine-month period, net loss decreased by approximately 71% year-over-year to $1.27 million. Gross profit for the nine months was $1.65 million, compared to $207,300 a year earlier. The increase in sales was primarily driven by the company's transition to software-as-a-service solutions and the introduction of customized software R&D services, with product sales now focused on MCN digital services and software services. Legacy hardware sales, including cable modems and gateways, were discontinued. Net cash provided by operating activities reached $2.48 million for the nine months ended September 30, 2025.
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