FIEE

Strong Growth Across Segments Boosted First Half 2026 Revenue to $6.9 million Profit Turnaround Achieved as First Half Net Income Reached $2.5 million OSAKA, Japan, Aug. 14, 2026 /PRNewswire/ -- FiEE, Inc. (NASDAQ:FIEE) ("FiEE," the "Company," "we," "our," or similar terms), a technology company integrating IoT, connectivity, and AI to redefine brand management solutions in the digital era, today announced its unaudited financial results for the three and six months ended June 30, 2026, marking a profitable half-year following its strategic transformation. Operational and Financial Highlights for the Six Months Ended June 30, 2026 Revenue soared 15,298.1% year-on-year to approximately $6.9 million, compared to $0.05 million in the first half of 2025. The increase in revenue primarily reflects the Company's strategic transition from legacy hardware operations to SaaS solutions, with a new business model focusing on integrating AI and big data into content creation and brand management, and the successful expansion into multiple new business lines, including SaaS – MCN digital services, software services, digital authentication services, and other services, most of which experienced rapid growth following their launch. Gross profit was $5.4 million, compared to a gross profit of $438 in the same period of 2025. Gross margin increased significantly to 77.3% in the first half of 2026, up from 1.0% in the same period of 2025. The improvement was primarily driven by our MCN digital services, which leverage AI and data analytics to reduce reliance on manual labor, resulting in higher margins compared to traditional service models. Net income was approximately $2.5 million, achieving a turnaround from a net loss of $1.0 million in same period of 2025. The Company acquired Yinlian Culture and its VIE Maltose Culture in May 2026. Through this acquisition, the Company has further expanded into the AI music business, combining music content creation and distribution with AI capabilities to build an advanced AI music ecosystem. Operational and Financial Highlights for the Three Months Ended June 30, 2026 Revenue was approximately $4.8 million, compared to $0.04 million for the three months ended June 30, 2025. Gross profit was approximately $3.9 million, compared to $1,063 for the three months ended June 30, 2025. Net income was approximately $2.1 million, turning around the net loss of $0.6 million for the three months ended June 30, 2025. Rafael Li, Chief Executive Officer and President of FiEE, commented, "We delivered strong profitability in the first half of 2026, a remarkable turnaround from last year's net loss. Our multi-line service lineup and acquisition integration drove notable gross margin expansion, validating our strategic transformation roadmap. We're also proud to have expanded into AI music and home entertainment, our two key growth engines going forward, after completing the first-stage closing of our Yinlian Culture acquisition in the first half of 2026." Mr. Li further mentioned, "Backed by our music patent portfolio and operations team, we expect to accelerate AI music commercialization to capture streaming revenue and creator royalties. Our home entertainment system, launched in June 2026, is expected to deliver steady revenue contributions through year-end. We remain committed to optimizing our service mix, investing in client development and technical innovation, and building long-term stockholder value." Financial Results for the Six Months Ended June 30, 2026 Revenue was approximately $6.9 million, compared to $0.05 million in the same period of 2025. Gross profit was approximately $5.4 million, compared to $438 in the same period of 2025. Gross margin was 77.3%, compared to 1.0% in the same period of 2025. Operating expenses were approximately $2.3 million, representing an increase of 127.8% from $1.0 million in the same period of 2025. Selling and marketing expenses were approximately $0.3 million, as compared to $0.02 million in the same period of 2025, which was primarily due to the Company's business transformation and stock-based compensation expenses in connection with equity awards granted in May 2026 under our 2025 Equity Incentive Plan. The expense incurred in the first half of 2026 primarily reflected costs related to the expansion of our four core business lines– SaaS – MCN digital services, software services, digital authentication services, and other services – as well as corporate branding initiatives. General and administrative expenses were approximately $1.9 million, compared to $0.9 million in the same period of 2025. The increase was primarily attributable to certain non-recurring professional service fees incurred during the six months ended June 30, 2026, including legal and advisory fees related to strategic initiatives and stock-based compensation expenses in connection with equity awards granted in May 2026 under our 2025 Equity Incentive Plan. Research and development expenses were approximately $80 thousand, as compared to $50 thousand in the first half of 2025. The increase primarily reflects ongoing enhancements and optimizations to our system during the six months ended June 30, 2026. Operating income was approximately $3.1 million, marking a complete turnaround from a loss of $1.0 million recorded in the first half of 2025. Net income was approximately $2.5 million, a turnaround from the $1.0 million loss recorded in the first half of 2025. Diluted earnings per common share was $0.17, as compared to a loss of $0.20 in the first half of 2025. About FiEE, Inc. FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. The Company has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, FiEE made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint. FiEE's services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SaaS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE has introduced its innovative Software as a Service solutions, which integrates its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE's services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives. Forward-Looking Statements In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral, or otherwise made, represent the Company's expectation or belief concerning future events. Without limiting the foregoing, the words "believes," "expects," "may," "might," "will," "should," "seeks," "intends," "plans," "strives," "goal," "estimates," "forecasts," "projects" or "anticipates" or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business transformation, (iii) our commitment to investing in R&D and our ability to execute on our AI music and home entertainment initiatives, including our expectations regarding streaming revenue, creator royalties, and contributions from our home entertainment system, (iv) our long-term growth objectives and opportunities, (v) our commitment to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape, (vi) our plans to drive growth through innovation, build bridges between influencers, content creators, and global markets, and foster impactful partnerships to extend our reach across the digital landscape, and (vii) our plans to further accelerate business growth and create value for our stockholders. By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See "Risk Factors" and "Special Note Regarding Forward-Looking Statements" included in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q, or other subsequent filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. For investor and media inquiries, please contact:Email: [email protected] View original content:https://www.prnewswire.com/news-releases/fiee-inc-announces-second-quarter-and-first-half-2026-unaudited-financial-results-302851908.html

First Quarter Revenue Reached $2.1 million Gross Margin of 70.4% Supported Profit Turnaround in First Quarter 2026 OSAKA, Japan, April 30, 2026 /PRNewswire/ -- FiEE, Inc. (NASDAQ:FIEE) ("FiEE" or the "Company"), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, today announced its financial results for the first quarter ended March 31, 2026. Operational and Financial Highlights for the Three Months Ended March 31, 2026 Revenue was approximately $2.1 million, compared to $125 for the three months ended March 31, 2025. The increase in revenue primarily reflects the Company's strategic transition from legacy hardware operations to software-as-a-service ("SaaS") solutions, with the new business model focusing on integrating AI and big data into content creation and brand management, generating sales since March 2025. The increase in revenue is also driven by the Company's newly introduced customized software R&D services and digital authentication services. As of March 31, 2026, FiEE onboarded approximately 818 customers for its SaaS service, corresponding to SaaS – multi-channel network ("MCN") digital service fees totaling $6.9 million, of which $6.4 million was recognized as revenue cumulatively, including $1.1 million recognized in the three months ended March 31, 2026. Building on this momentum, FiEE introduced customized software services in July 2025. As of March 31, 2026, FiEE secured contracts totaling $1.5 million for customized software services, of which $0.6 million was recognized as revenue in the three months ended March 31, 2026. During the three months ended March 31, 2026, FiEE added five new customers, bringing the total number of customers for its software services to 17. Through the acquisition of Houren-Geiju Kabushikikaisha in November 2025, FiEE added the ability to provide digital authentication, certification, and display services for artwork. As of March 31, 2026, this business had generated cumulative revenue of $0.8 million, including $0.4 million recognized in the three months ended March 31, 2026, serving five corporate and 52 individual clients. Gross profit was approximately $1.5 million, compared to a gross loss of $625 for the three months ended March 31, 2025. Net income was approximately $0.4 million, compared to a net loss of $0.4 million for the three months ended March 31, 2025. Net cash provided by operating activities reached $67 thousand during the three months ended March 31, 2026. Rafael Li, Chief Executive Officer of FiEE, commented, "We are delighted to announce a substantial improvement in profitability for the first quarter of 2026. This highlights the strong momentum of our expanding SaaS solutions, as well as the growing contributions of our customized software and digital authentication services. In March 2026, through our strategic entry into AI-powered music creation, distribution, and entertainment, we further demonstrated our commitment to innovation and expansion, opening new pathways to integrate advanced technologies into our digital ecosystem. In line with our long-term strategy, we are actively assessing opportunities in AI, hardware, and the Internet of Things (IoT), while also exploring opportunities in the MCN business." Mr. Li further mentioned, "Looking ahead, we will continue to drive growth through innovation. By investing in R&D, we aim to broaden our service portfolio, deepen user engagement, and strengthen our brand's resilience in the digital content industry. At the same time, we are focused on building bridges between influencers, content creators, and global markets, fostering impactful partnerships and extending our reach across this rapidly evolving digital landscape." Financial Results for the First Quarter Ended March 31, 2026 Revenue was approximately $2.1 million, compared to $125 in the same period of fiscal year 2025. Gross profit was approximately $1.5 million, compared to a gross loss of $625 in the same period of 2025. Gross margin was 70.4%, representing a significant increase compared to the same period in 2025. Operating expenses were approximately $1.1 million, representing an increase of 188.2% from $0.4 million in the same period of 2025. Selling and marketing expenses were approximately $34 thousand, increased by $34 thousand compared to the three months ended March 31 2025, primarily reflecting the costs related to the expansion of our three core business lines—MCN digital services, software development services, and digital authentication services—as well as corporate branding initiatives. For the three months ended March 31, 2025, the Company had just launched its new business lines and had not yet incurred any selling and marketing expenses. General and administrative expenses were approximately $1.0 million, representing an increase of 192.8% from $0.3 million in the prior year. The increase was attributable to expanded business operations following our strategic transformation, including certain non-recurring professional service fees such as legal and advisory fees related to strategic initiatives. Research and development expenses were approximately $37 thousand, representing an increase of 22.0% from $30 thousand in the prior year. The increase primarily reflects ongoing enhancements and optimizations to our system during the current period. Operating income was approximately $0.4 million, as compared to a loss of $0.4 million in the prior year. Net income was approximately $0.4 million, representing a turnaround from a loss of $0.4 million in the prior year. Diluted earnings per common share was $0.02, as compared to a loss of $0.10 in the prior year. As of March 31, 2026, total cash and cash equivalents was $4.6 million, as compared to $3.1 million as of December 31, 2025. About FiEE, Inc. FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint. FiEE, Inc.'s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software-as-a-Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has nurtured a robust pool of KOLs on major social media platforms worldwide, helping them develop, manage, and optimize their digital presence. FiEE, Inc.'s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives. Forward-Looking Statements In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company's expectation or belief concerning future events. Without limiting the foregoing, the words "believes," "expects," "may," "might," "will," "should," "seeks," "intends," "plans," "strives," "goal," "estimates," "forecasts," "projects" or "anticipates" or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and performance of the Company, (ii) our ability to successfully implement our strategic business transformation, (iii) our long-term growth objectives and opportunities, (iv) our commitment to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape, (v) our plans to drive growth through innovation, build bridges between influencers, content creators, and global markets, and foster impactful partnerships to extend our reach across the digital landscape, and (vi) our plans to further accelerate business growth and create value for our stockholders. By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See "Risk Factors" and "Special Note Regarding Forward-Looking Statements" included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. For investor and media inquiries, please contact: Email: [email protected] (financial tables follow) FIEE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS FIEE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) View original content:https://www.prnewswire.com/news-releases/fiee-inc-announces-first-quarter-2026-unaudited-financial-results-302758933.html

Full-Year Revenue Growth of 867.9% Year-over-Year Achieved Net Income Turnaround in Fiscal Year 2025 HONG KONG, March 20, 2026 /PRNewswire/ -- FiEE, Inc. (NASDAQ:FIEE) ("FiEE" or the "Company"), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, today announced its financial results for the fourth quarter and full-year ended December 31, 2025. Operational and Financial Highlights for the Year Ended December 31, 2025 Revenue increased 867.9% year-over-year to approximately $6.2 million. The increase in revenue primarily reflects the Company's strategic transition from legacy hardware operations to SaaS solutions, with a new business model focusing on integrating AI and big data into content creation and brand management. Notably, during March 2025, we successfully secured our first customer orders and generated initial sales, marking a critical milestone in the strategic pivot. Our target clients are individuals or entities seeking to grow their online presence as influencers or content creators. Gross profit increased 2,483.0% year-over-year to approximately $5.4 million. Gross margin improved significantly to 86.4%, as compared to 32.4% in the prior year. Net income was approximately $1.1 million, representing a turnaround from a net loss of $4.2 million in the prior year. Net cash provided by operating activities was approximately $3.6 million during the year ended December 31, 2025. During 2025, the Company onboarded approximately 800 customers. The newly onboarded customers in 2025 led to SaaS – MCN digital service fees totaling $6.8 million, of which $5.3 million was recognized as revenue in 2025. The Company introduced customized software services in July 2025. As of December 31, 2025, we have secured contracts totaling $1.2 million for customized software services, a portion of which was recognized as revenue in 2025 based on the progress of completion. As of December 31, 2025, we successfully signed contracts with 13 customers for these customized software services, with related accounts receivable amounting to $0.6 million. Through the acquisition of Houren-Geiju Kabushikikaisha, a Japanese technology company specializing in digital authentication services for art collections, in November 2025, we added the ability to provide digital authentication services. As of December 31, 2025, digital authentication services generated $0.3 million in revenue, serving one corporate client and 38 individual clients. This service leverages AI and blockchain technology to provide authentication, certification, and display services for artworks and collectibles, further diversifying our revenue streams. Operational and Financial Highlights for the Fourth Quarter Ended December 31, 2025 Revenue was approximately $4.2 million, compared to $1.9 million for the three months ended September 30, 2025. The increase was primarily driven by the full launch of our new business operations following the strategic transformation. Gross profit was approximately $3.7 million, compared to $1.6 million for the three months ended September 30, 2025. Net income was approximately $2.3 million, compared to a net loss of $0.3 million for the three months ended September 30, 2025. Rafael Li, Chief Executive Officer of FiEE, commented, "We are pleased to report a strong fourth-quarter and full-year 2025 performance, with full-year revenues rising 867.9% year-over-year to approximately $6.2 million, supported by our changing strategic focus from hardware operations to SaaS solutions. Despite receiving our first customer orders in March 2025, we were able to onboard 800 customers in the span of 10 months, while significantly boosting our gross margin by 54.0 percentage points to 86.4%. As a result, FiEE expects its profit turnaround in 2025 to lay a solid foundation for sustainable performance." Mr. Li further mentioned, "Looking ahead, we plan to remain committed to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape. In addition to organic growth, we also plan to keep a keen eye on other external opportunities, in an attempt to further accelerate business growth and create greater value for our stockholders." Financial Results for the Year Ended December 31, 2025 Revenue was approximately $6.2 million, compared to approximately $0.6 million in the same period of fiscal year 2024. Gross profit was approximately $5.4 million, compared to approximately $0.2 million in the same period of 2024. Gross margin was 86.4%, compared to 32.4% in the same period of 2024. Operating expenses were approximately $3.8 million, representing a decrease of 14.4% from $4.4 million in the same period of 2024. Selling and marketing expenses were approximately $0.4 million, representing an increase of 531.7% from $0.07 million in the prior year, primarily due to the Company's business transformation. In 2024, the Company was in a transition period with reduced legacy operations, resulting in low sales support costs. In 2025, with the full launch of new business operations, the Company increased marketing activities and investments to promote its digital content services, software development services, and digital authentication services. General and administrative expenses were approximately $3.3 million, representing an increase of 61.8% from $2.1 million in the prior year. The increase was primarily due to the reallocation of our business operation from hardware-focused to software-focused and cost reduction efforts in 2024, which significantly reduced expenses associated with personnel, administrative support, and related infrastructure. The warrant issuance to Mr. David Lazar, a former director and officer of the Company, accounted for approximately $1.0 million in warrant expenses in the third quarter of 2025, representing over 84.3% of the total increase in general and administrative expenses in 2025. Research and development expenses were approximately $0.05 million, representing a decrease of 58.1% from $0.1 million in the prior year. The research and development expenses incurred in 2025 were primarily related to software subscriptions and support costs. The research and development expenses may fluctuate depending on the timing and number of development activities, and could vary significantly as a percentage of revenues, depending on actual revenues achieved in any given year. Operating income was approximately $1.6 million, as compared to a loss of $4.2 million in the prior year. Net income was approximately $1.1 million, representing a turnaround from a loss of $4.2 million in the prior year. Diluted earnings per common share was $0.10, as compared to a loss of $1.34 in the prior year. As of December 31, 2025, total cash was $3.1 million, as compared to $0.03 million as of December 31, 2024. About FiEE, Inc. FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint. FiEE, Inc.'s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE, Inc.'s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives. Forward-Looking Statements In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company's expectation or belief concerning future events. Without limiting the foregoing, the words "believes," "expects," "may," "might," "will," "should," "seeks," "intends," "plans," "strives," "goal," "estimates," "forecasts," "projects" or "anticipates" or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and performance of the Company, (ii) our ability to successfully implement our strategic business transformation, (iii) our long-term growth objectives and opportunities, (iv) our commitment to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape and (v) our plans to further accelerate business growth and create value for our stockholders. By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See "Risk Factors" and "Special Note Regarding Forward-Looking Statements" included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. For investor and media inquiries, please contact: Email: [email protected] (financial tables follow) View original content:https://www.prnewswire.com/news-releases/fiee-inc-announces-fourth-quarter-and-full-year-2025-financial-results-302719943.html

Strong revenue growth supported by growing customer base and SaaS Solution Business Expected to achieve a positive Net Income highlighting a successful transformation HONG KONG, Feb. 2, 2026 /PRNewswire/ -- FiEE, Inc. (NASDAQ:FIEE) ("FiEE," the "Company," "we," "our," or similar terms), a technology company integrating IoT, connectivity, and AI to redefine brand management solutions in the digital era, today provided an update on its business and select preliminary financial results for the fourth quarter and full year ended December 31, 2025. These include the following select preliminary financial results and updates: Full Fiscal Year 2025 Select Preliminary Estimated Financial Results: Net Sales of approximately $6 million Gross profit of approximately $5 million Net Income of approximately $1 million Fourth Quarter 2025 Select Preliminary Estimated Financial Results: Net Sales of approximately $4 million Gross profit of approximately $3 million Net Income of approximately $2 million Rafael Li, Chief Executive Officer and President of FiEE, commented, "We are pleased with our strong fourth quarter 2025 performance, along with a full-year growth across both sales and profit. Supported by our strategic transformation towards SaaS solutions, our net sales recorded an increase of 870.8% year-over-year. We also showed improved profitability, with gross profit increasing 2,506.1% year-on-year and Net Income achieving a turnaround to approximately $1 million. Looking ahead, we plan to remain committed to investing in R&D to enhance customer experience and deliver greater brand value across the digital content landscape. We look forward to sharing more details with you as we continue to execute over the coming year ahead." The preliminary financial results are unaudited, have not been reviewed by the Company's independent registered public accountants, and remain subject to the completion of normal year-end accounting procedures and adjustments and are therefore subject to change. The Company expects to release final financial and operating results for the fiscal fourth quarter and fiscal year ended December 31, 2025 during March 2026. About FiEE, Inc. FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. The Company has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, FiEE made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint. FiEE's services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE has introduced its innovative Software as a Service solutions, which integrates its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE's services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives. Forward-Looking Statements In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company's expectation or belief concerning future events. Without limiting the foregoing, the words "believes," "expects," "may," "might," "will," "should," "seeks," "intends," "plans," "strives," "goal," "estimates," "forecasts," "projects" or "anticipates" or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business transformation, (iii) our commitment to investing in R&D and ability to deliver brand value, and (iv) the timing of our release of final financial and operating results for the fiscal fourth quarter and fiscal year ended December 31, 2025. By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See "Risk Factors" and "Special Note Regarding Forward-Looking Statements" included in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q, or other subsequent filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. For investor and media inquiries, please contact: Email: [email protected] View original content:https://www.prnewswire.com/news-releases/fiee-inc-provides-select-preliminary-fourth-quarter-and-full-year-2025-financial-results-and-business-update-302676350.html

First Nine Months Revenue Increased Significantly by over 2 10 % YoY Dual growth engine from MCN Digital Services and Customized Software R&D Services HONG KONG, Nov. 12, 2025 /PRNewswire/ -- FiEE, Inc. (NASDAQ:FIEE) ("FiEE" or the "Company"), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, today announced its unaudited financial results for the third quarter ended September 30, 2025. Operational and Financial Highlights for the Three and Nine Months Ended September 30, 2025 Net sales for the three months ended September 30, 2025 were $1,939,542, a significant increase from $44,993 for the three months ended June 30, 2025. Net sales for the nine months ended September 30, 2025 were $1,984,660, representing a 210% increase year-over-year. The increase in net sales primarily reflects the Company's successful transition from legacy hardware operations to software-as-a-service ("SaaS") solutions with a new business focus on integrating artificial intelligence and big data into content creation and brand management. The increase in net sales is also driven by the newly introduced customized software R&D services which began in July 2025. As of September 30, 2025, the Company onboarded 528 customers for our SaaS service, compared to 245 customers as of June 30, 2025. Prepaid subscription fees for our SaaS service were $4.24 million for the nine months ended September 30, 2025, compared to $1.5 million for the six months ended June 30, 2025, demonstrating the early traction of our SaaS offerings. Gross profit for the nine months ended September 30, 2025 was $1,648,241, a significant increase from $207,259 for the nine months ended September 30, 2024. Gross margin also improved significantly to 83% for the nine months ended September 30, 2025, compared to 32.4% for the same period in 2024. This further reflects the Company's successful pivot to SaaS solutions. Net Loss for the three months ended September 30, 2025 was $252,985, a significant decrease from the net loss of $625,067 for the three months ended September 30, 2024. For the nine months ended September 30, 2025, net loss was reduced by around 71% year-over-year to $1,266,575. The significant narrowing of our net loss highlights the effectiveness of our strategic pivot. Net cash provided by operating activities reached $2,478,829 during the nine months ended September 30, 2025. Rafael Li, Chief Executive Officer of FiEE, commented, "We are pleased to report strong third-quarter results that mark a significant milestone in our strategic transformation. In the third quarter, our net sales increased by 210% year over year, validating our strategic pivot to SaaS solutions. Our progress is fueled by our dual growth engine strategy, with our customized software R&D services already securing $480 thousand in contracts, while we continue to onboard new customers for our MCN digital services. We believe these two complementary business segments provide us with diversified revenue streams and sustainable growth prospects. Building on this momentum, we expect to continue to invest in R&D to enhance our customer experience and deliver brand values across the digital content space." Mr. Li further mentioned, "Another highlight was our successful participation in the Osaka World Expo during the third quarter, where we attracted many international visitors and engaged with top global innovators. Moving forward, we plan to remain focused on expanding our international presence and delivering our products to a worldwide community of key opinion leaders." Financial Results for the Nine Months Ended September 30, 2025 Net Sales were $1,984,660, compared to $639,893 in the same period of fiscal year 2024. Gross profit was $1,648,241, compared to $207,259 in the same period of 2024. Gross margin was 83.0%, compared to 32.4% in the same period of 2024. Operating expenses were $2,756,879, representing a decrease of 39.9% from $4,590,491 in the same period of 2024. Selling and marketing expenses were $49,160 representing a decrease of 26% from $66,171 in the same period of 2024. The decrease was primarily due to (i) reduction in sales support costs in 2024 and (ii) lower operational scale during the initial phases of business development in 2025. For the remainder of fiscal year 2025, we expect our selling and marketing expenses to fluctuate depending on sales levels achieved as certain expenses, such as commissions, and are determined based upon the net sales achieved. General and administrative expenses were $2,660,300, representing a increase of 20.4% from $2,210,097 in the same period of 2024. The increase remains within the projected budget for market-entry initiatives. Research and development expenses were $47,419, representing an decrease of 58.1% from $113,294 in the same period of 2024. The research and development expenses incurred in 2025 were primarily used for software subscriptions and support costs. Operating loss was $1,108,638, representing a reduction of loss by 74.7% comparing with the same period of 2024. Net loss was $1,266,575, representing a reduction of loss by 71.0% comparing with the same period of 2024. Diluted net loss per share was $0.25, representing a reduction of loss by 83.0% comparing with the same period of 2024. Total cash and cash equivalents were $5,905,372, compared to $30,162 as of December 31, 2024. About FiEE, Inc. FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint. FiEE, Inc.'s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE, Inc.'s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives. Forward-Looking Statements In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company's expectation or belief concerning future events. Without limiting the foregoing, the words "believes," "expects," "may," "might," "will," "should," "seeks," "intends," "plans," "strives," "goal," "estimates," "forecasts," "projects" or "anticipates" or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business transformation and (iii) our long-term growth objectives and opportunities. By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See "Risk Factors" and "Special Note Regarding Forward-Looking Statements" included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. For investor and media inquiries, please contact: Email: [email protected] (financial tables follow) View original content:https://www.prnewswire.com/news-releases/fiee-announces-fiscal-2025-third-quarter-unaudited-financial-results-302613283.html

First Half Revenue of $45,118 Prepaid subscription fees received from customers for our SaaS service were $1.5 Million. HONG KONG, Aug. 13, 2025 /PRNewswire/ -- FiEE, Inc. (NASDAQ:FIEE) ("FiEE" or the "Company"), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, today announced its unaudited financial results for the three and six months ended June 30, 2025. Operational and Financial Highlights for the Three and Six Months Ended June 30, 2025 Net sales for the three months ended June 30, 2025 were $44,993, a significant increase from $125 for the three months ended March 31, 2025. The increase in net sales was primarily a result of the Company's strategic transition from legacy hardware operations to software-as-a-service ("SaaS") solutions, with a new focus on integrating artificial intelligence and data analytics into content creation and brand management. The Company secured its first customer orders and generated initial sales, marking a critical milestone in the strategic pivot. Net sales for the six months ended June 30, 2025 were $45,118, down from $639,893 year-over-year, which was primarily due to our strategic business transformation. As of June 30, 2025, the Company onboarded 245 customers, representing a considerable increase compared to 1 new customer upon launching its SaaS services on March 28, 2025, illustrating the early traction of our new SaaS products. Prepaid subscription fees received from customers for our SaaS service were $1.5 million which highlights the early traction of our SaaS offerings. Gross profit for the six months ended June 30, 2025 was $438, down from $207,259 for the six months ended June 30, 2024, which was primarily due to our strategic business transformation. Net loss for the six months ended June 30, 2025 was $1,013,590 representing a significant improvement as compared to a net loss of $3,746,867 in the first half of 2024. The narrowing of our net loss highlights the early success of our strategic transition. Net cash provided by operating activities for the six months ended June 30, 2025 was $171,955, comparing with the cash used from operating activities of $2,878,506 in the first half of 2024. Rafael Li, Chief Executive Officer of FiEE, commented, "FiEE has been undergoing a strategic transition from legacy hardware operations to redefine brand management solutions in the digital era. We are glad to present the first financial statement after the strategic transformation. Despite being at the early stage of the transition, we have seen several encouraging figures, showing that our hardship has paid off and resulted in early successes. First, we have achieved new customers adopting our SaaS solution in the second quarter. Prepaid subscription fees received from customers for our SaaS service were $1.5 million, which marked a significant milestone for our new business. We anticipate adding additional customers in the near future with increasingly sophisticated product offerings. In addition, we have greatly reduced our net loss in the first half of 2025, as a result of our strengthened cost management and new business development." Mr. Li further mentioned, "New growth areas required upfront capital associated with market entry and product deployment. To accelerate our growth, we have recently acquired advanced technologies including product authentication featuring systematic algorithmic verification and certification, high-efficiency file transfer systems and KYC solutions for robust and efficient data protection, powering our SaaS products. We are providing comprehensive protection for original creations, digital arts, NFTs, and exclusive content, aiming to cultivate an expansive KOL community. This marks an exciting development for our Company, and we are confident in our path towards sustainable growth and enduring value." Financial Results for the Six Months Ended June 30, 2025 Net Sales were $45,118, compared to $639,893 in the same period of fiscal year 2024. Gross profit was $438, compared to $207,259 in the same period of 2024. Gross margin was 1.0%, compared to 32.4% in the same period of 2024. It was not representative of future trends, as the new business was in its initial launch phase during this period, incurring elevated upfront costs associated with market entry, product deployment, and operational ramp-up. Operating expenses were $1,008,470, representing a decrease of 74.6% from $3,965,424 in the same period of 2024. Selling and marketing expenses were $16,811, representing a decrease of 74.6% from $66,171 in the same period of 2024. The decrease was primarily due to (i) reduction in sales support costs in 2024 and (ii) lower operational scale during the initial phases of business development in 2025. For the remainder of fiscal year 2025, our selling and marketing expenses may fluctuate based on actual net sales and the timing and scope of marketing programs. General and administrative expenses were $944,240, representing a decrease of 40.4% from $1,585,030 in the same period of 2024. The decrease was primarily due to our business transformation from hardware-focus to software-focus, along with the Company's cost reduction efforts. Research and development expenses were $47,419, representing an decrease of 58.1% from $113,294 in the same period of 2024. The research and development expenses incurred in 2025 were primarily used for software subscriptions and support costs. In the first quarter of 2025, we partnered with a new vendor to develop the "FiEE All-in-One Media Operations SaaS Platform" which is designed to provide content creation, multi-platform publishing, data analytics, and collaboration tools for media teams and individual creators. Operating loss was $1,008,032, representing a reduction of loss by 73.2% comparing with the same period of 2024. Net loss was $1,013,590, representing a reduction of loss by 72.9% comparing with the same period of 2024. Diluted net loss per share was $0.2, representing a reduction of loss by 84.3% comparing with the same period of 2024. Total cash and cash equivalents were $4,504,079, compared to $30,162 as of December 31, 2024. About FiEE, Inc. FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint. FiEE, Inc.'s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE, Inc.'s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives. Forward-Looking Statements In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company's expectation or belief concerning future events. Without limiting the foregoing, the words "believes," "expects," "may," "might," "will," "should," "seeks," "intends," "plans," "strives," "goal," "estimates," "forecasts," "projects" or "anticipates" or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business transformation and (iii) our long-term growth objectives and opportunities. By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See "Risk Factors" and "Special Note Regarding Forward-Looking Statements" included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. (financial tables follow) View original content:https://www.prnewswire.com/news-releases/fiee-announces-fiscal-2025-first-half-unaudited-financial-results-302529285.html SOURCE FiEE, Inc.