FiEE Inc Financials

FIEE

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows FiEE Inc (FIEE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

FiEE Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Key Financial Metrics

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Revenue

$640K

YoY-97.5%

5Y CAGR-55.7%

10Y CAGR-25.3%

FiEE Inc generated $640K in revenue in fiscal year 2024. This represents a decrease of 97.5% from the prior year.

EBITDA

-$3.9M

YoY+76.6%

FiEE Inc's EBITDA was -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 76.6% from the prior year.

Free Cash Flow

N/A

Net Income

YoY+100.0%

FiEE Inc reported $0 in net income in fiscal year 2024. This represents an increase of 100.0% from the prior year.

EPS (Diluted)

$-1.34

YoY+84.5%

FiEE Inc earned $-1.34 per diluted share (EPS) in fiscal year 2024. This represents an increase of 84.5% from the prior year.

Cash & Debt

$30K

YoY-95.7%

5Y CAGR-52.3%

10Y CAGR-14.1%

FiEE Inc held $30K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+41.1%

FiEE Inc had 4M shares outstanding in fiscal year 2024. This represents an increase of 41.1% from the prior year.

Gross Margin

32.4%

YoY+30.6pp

5Y CAGR+3.4pp

10Y CAGR+3.1pp

FiEE Inc's gross margin was 32.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 30.6 percentage points from the prior year.

Operating Margin

-661.9%

YoY-596.0pp

5Y CAGR-653.4pp

10Y CAGR-660.8pp

FiEE Inc's operating margin was -661.9% in fiscal year 2024, reflecting core business profitability. This is down 596.0 percentage points from the prior year.

Net Margin

0.0%

YoY+67.5pp

5Y CAGR+8.7pp

10Y CAGR-1.0pp

FiEE Inc's net profit margin was 0.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 67.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$113K

YoY-96.7%

5Y CAGR-44.9%

10Y CAGR-20.6%

FiEE Inc invested $113K in research and development in fiscal year 2024. This represents a decrease of 96.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

FIEE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$640K-97.5%	$26.1M-48.4%	$50.6M-8.7%	$55.4M+15.5%	$48.0M+27.6%	$37.6M
Cost of Revenue	$433K-98.3%	$25.6M-33.8%	$38.7M+6.0%	$36.5M+6.2%	$34.4M+28.7%	$26.7M
Gross Profit	$207K-56.0%	$471K-96.1%	$11.9M-37.0%	$18.9M+39.0%	$13.6M+24.8%	$10.9M
R&D Expenses	$113K-96.7%	$3.4M-40.8%	$5.8M-5.5%	$6.2M+61.0%	$3.8M+71.1%	$2.2M
SG&A Expenses	$2.1M-56.7%	$4.8M-22.3%	$6.1M+25.2%	$4.9M-10.2%	$5.4M+104.1%	$2.7M
Operating Income	-$4.2M+75.4%	-$17.2M-14.4%	-$15.0M-680.0%	-$1.9M+60.0%	-$4.8M-49.6%	-$3.2M
Interest Expense	N/A	$386K-2.2%	$395K+45.9%	$270K+456.9%	$49K+0.3%	$48K
Income Tax	$11K-73.7%	$43K-62.1%	$112K+76.2%	$64K+138.7%	$27K+7.4%	$25K
Net Income	$0+100.0%	-$17.6M-13.4%	-$15.5M-607.2%	-$2.2M+43.0%	-$3.9M-17.8%	-$3.3M
EPS (Diluted)	$-1.34+84.5%	$-8.65-3.2%	$-8.38	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q3'23
Revenue	$1.9M+4210.8%	$45K+35894.4%	$125-100.0%	$10.6M-2.8%	$10.9M+33.3%	$8.2M+1175.0%	$640K-56.3%	$1.5M
Cost of Revenue	$292K+564.1%	$44K+5757.3%	$750-100.0%	$8.0M+3.0%	$7.7M+43.7%	$5.4M+1145.9%	$433K-60.3%	$1.1M
Gross Profit	$1.6M+154914.4%	$1K+270.1%	-$625-100.0%	$2.6M-17.1%	$3.1M+13.0%	$2.8M+1235.7%	$207K-44.5%	$374K
R&D Expenses	$265K+1423.6%	$17K-94.4%	$309K-59.0%	$753K+33.6%	$564K+1279.9%	$41K-43.6%	$72K-18.0%	$88K
SG&A Expenses	$1.7M+184.2%	$604K+77.3%	$340K-57.9%	$809K+29.4%	$625K+10.3%	$567K-44.4%	$1.0M-21.5%	$1.3M
Operating Income	-$101K+84.2%	-$637K-71.6%	-$371K+67.0%	-$1.1M-79.9%	-$625K-28.0%	-$488K+85.1%	-$3.3M-197.4%	-$1.1M
Interest Expense	$3K+23.0%	$3K-5.4%	$3K+279000.0%	-$1	$0+100.0%	-$20+67.7%	-$62-100.2%	$29K
Income Tax	$140K+5071.0%	$3K	$0-100.0%	$546-85.0%	$4K+757.2%	-$554+94.8%	-$11K-158.7%	$18K
Net Income	-$253K+60.5%	-$640K-71.1%	-$374K+67.5%	-$1.1M-84.0%	-$625K-28.1%	-$488K+85.0%	-$3.3M-184.5%	-$1.1M
EPS (Diluted)	$-0.04+69.2%	$-0.13-30.0%	$-0.10	N/A	$-0.21-31.2%	$-0.16+85.6%	$-1.11-1487.5%	$0.08

FIEE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$307K-97.5%	$12.4M-60.1%	$31.0M-43.0%	$54.3M+83.4%	$29.6M+113.0%	$13.9M
Current Assets	$165K-98.6%	$11.4M-61.4%	$29.6M-43.6%	$52.4M+89.4%	$27.7M+110.5%	$13.1M
Cash & Equivalents	$30K-95.7%	$709K+33.8%	$530K-95.8%	$12.6M+1528.8%	$772K-36.6%	$1.2M
Inventory	N/A	$10.0M-60.8%	$25.4M-25.0%	$33.9M+105.3%	$16.5M+121.8%	$7.4M
Accounts Receivable	$0-100.0%	$701K-74.6%	$2.8M-43.5%	$4.9M-47.0%	$9.2M+126.1%	$4.1M
Goodwill	N/A	N/A	N/A	$59K0.0%	$59K	$0
Total Liabilities	$437K-96.4%	$12.2M-16.2%	$14.6M-38.6%	$23.8M+9.1%	$21.8M+180.0%	$7.8M
Current Liabilities	$437K-96.4%	$12.2M-11.4%	$13.8M-40.6%	$23.3M+6.8%	$21.8M+179.5%	$7.8M
Long-Term Debt	N/A	N/A	N/A	N/A	$15K	$0
Total Equity	-$130K-212.1%	$116K-99.3%	$16.3M-46.4%	$30.5M+291.3%	$7.8M+27.5%	$6.1M
Retained Earnings	-$96.7M-4.6%	-$92.5M-23.6%	-$74.8M-26.2%	-$59.3M-3.9%	-$57.1M-40.6%	-$40.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q3'23
Total Assets	$8.5M+20.7%	$7.1M+1870.0%	$358K+16.6%	$307K-29.1%	$433K-54.6%	$953K-36.6%	$1.5M-87.8%	$12.4M
Current Assets	$6.7M+29.3%	$5.2M+4930.0%	$103K-37.3%	$165K-23.6%	$216K-67.0%	$655K-39.2%	$1.1M-90.5%	$11.4M
Cash & Equivalents	$5.9M+31.1%	$4.5M+49373.6%	$9K-69.8%	$30K-84.3%	$192K-69.6%	$631K-38.6%	$1.0M+44.8%	$709K
Inventory	$1.4M-41.7%	$2.4M+31.0%	$1.9M-74.9%	$7.4M+17.3%	$6.3M-6.1%	$6.8M+4.2%	$6.5M-34.9%	$10.0M
Accounts Receivable	$187K-87.7%	$1.5M-17.9%	$1.9M	$0-100.0%	$4.7M+33.7%	$3.6M+16241.5%	$22K-96.9%	$701K
Goodwill	N/A	N/A	N/A	$0	N/A	N/A	N/A	N/A
Total Liabilities	$4.6M+11.8%	$4.1M+377.8%	$862K+97.2%	$437K-55.9%	$992K-26.9%	$1.4M-4.3%	$1.4M-88.4%	$12.2M
Current Liabilities	$4.6M+11.8%	$4.1M+386.3%	$847K+93.7%	$437K-55.9%	$992K-26.9%	$1.4M-4.3%	$1.4M-88.4%	$12.2M
Long-Term Debt	N/A	N/A	N/A	$0	N/A	N/A	N/A	N/A
Total Equity	$3.9M+33.2%	$2.9M+682.1%	-$504K-287.6%	-$130K+76.7%	-$559K-38.1%	-$405K-586.1%	$83K-28.2%	$116K
Retained Earnings	-$98.0M-0.3%	-$97.7M-0.7%	-$97.1M-0.4%	-$96.7M+0.2%	-$96.8M-0.6%	-$96.2M-0.5%	-$95.7M-3.5%	-$92.5M

FIEE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.8M-177.8%	$4.8M+139.8%	-$12.2M+14.7%	-$14.3M-101.2%	-$7.1M-361.6%	-$1.5M
Capital Expenditures	N/A	$162K-41.3%	$277K-53.4%	$593K+96.1%	$303K+73.6%	$174K
Free Cash Flow	N/A	$4.7M+137.7%	-$12.4M+16.3%	-$14.9M-101.0%	-$7.4M-332.3%	-$1.7M
Investing Cash Flow	$12K+103.0%	-$382K+45.1%	-$695K-1.9%	-$682K-17.9%	-$578K-19.4%	-$484K
Financing Cash Flow	$3.1M+164.3%	-$4.8M-680.6%	$825K-96.9%	$26.5M+235.8%	$7.9M+141.5%	$3.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$15K0.0%	$15K	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q3'23
Operating Cash Flow	$2.3M+324.8%	$543K+246.3%	-$371K-3451.3%	$11K+101.2%	-$905K-128.3%	-$396K+84.0%	-$2.5M-317.7%	$1.1M
Capital Expenditures	-$1.4M-129165.3%	$1K	$0-100.0%	$54K+76.6%	$30K-66.5%	$90K	$0	$0
Free Cash Flow	$913K+285.7%	-$492K-220.4%	-$153K+79.6%	-$750K-265.0%	$455K+139.4%	-$1.2M-343.1%	-$261K-122.9%	$1.1M
Investing Cash Flow	-$4K-294.1%	-$1K	$0+100.0%	-$229K-653.8%	-$30K+66.5%	-$90K+33.0%	-$135K	$0
Financing Cash Flow	$0-100.0%	$4.0M+1028.6%	$350K+289.9%	-$184K-139.6%	$465K	$0-100.0%	$2.8M+412.2%	-$897K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FIEE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	32.4%+30.6pp	1.8%-21.8pp	23.6%-10.6pp	34.1%+5.8pp	28.3%-0.6pp	29.0%
Operating Margin	-661.9%-596.0pp	-65.9%-36.2pp	-29.7%-26.2pp	-3.5%+6.6pp	-10.0%-1.5pp	-8.6%
Net Margin	0.0%+67.5pp	-67.5%-36.8pp	-30.7%-26.7pp	-4.0%+4.1pp	-8.0%+0.7pp	-8.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.0%+142.7pp	-142.7%-92.5pp	-50.2%-46.2pp	-4.0%+9.0pp	-13.0%+10.5pp	-23.6%
Current Ratio	0.38-0.6	0.93-1.2	2.14-0.1	2.25+1.0	1.27-0.4	1.69
Debt-to-Equity	-3.36-109.0	105.63+104.7	0.89+0.1	0.78+0.8	0.000.0	0.00
FCF Margin	N/A	17.9%+42.5pp	-24.6%+2.2pp	-26.8%-11.4pp	-15.4%-10.9pp	-4.5%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q3'23
Gross Margin	85.0%+82.6pp	2.4%+502.4pp	-500.0%-524.5pp	24.5%-4.2pp	28.8%-5.2pp	33.9%+1.5pp	32.4%+6.9pp	25.5%
Operating Margin	-5.2%+1410.4pp	-1415.6%+295481.2pp	-296896.8%-296886.2pp	-10.6%-8.4pp	-2.2%+7.4pp	-9.6%+501.4pp	-511.0%-435.9pp	-75.1%
Net Margin	-13.0%+1408.7pp	-1421.7%+297706.3pp	-299128.0%-299117.1pp	-10.9%-9.0pp	-1.8%+8.0pp	-9.9%+499.4pp	-509.3%-431.0pp	-78.3%
Return on Equity	1.0%	N/A	N/A	N/A	N/A	1.9%	N/A	N/A
Return on Assets	-3.0%+6.1pp	-9.1%+95.4pp	-104.5%-96.2pp	-8.3%+136.0pp	-144.3%-93.1pp	-51.2%+165.7pp	-216.9%-207.6pp	-9.3%
Current Ratio	1.46+0.2	1.26+1.1	0.12-0.3	0.38+0.2	0.22-0.3	0.48-0.3	0.76-0.2	0.93
Debt-to-Equity	1.18-0.2	1.40+3.1	-1.71+1.7	-3.36-1.6	-1.78+1.6	-3.36-20.4	17.05-88.6	105.63
FCF Margin	47.1%+65.7pp	-18.6%-13.7pp	-4.9%+2.2pp	-7.1%-11.3pp	4.2%+18.3pp	-14.1%-10.9pp	-3.3%-81.1pp	77.9%

Note: Shareholder equity is negative (-$130K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.38), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is FiEE Inc's annual revenue?

FiEE Inc (FIEE) reported $640K in total revenue for fiscal year 2024. This represents a -97.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is FiEE Inc's revenue growing?

FiEE Inc (FIEE) revenue declined by 97.5% year-over-year, from $26.1M to $640K in fiscal year 2024.

Is FiEE Inc profitable?

No, FiEE Inc (FIEE) reported a net income of $0 in fiscal year 2024, with a net profit margin of 0.0%.

What is FiEE Inc's earnings per share (EPS)?

FiEE Inc (FIEE) reported diluted earnings per share of $-1.34 for fiscal year 2024. This represents a 84.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is FiEE Inc's EBITDA?

FiEE Inc (FIEE) had EBITDA of -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is FiEE Inc's gross margin?

FiEE Inc (FIEE) had a gross margin of 32.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is FiEE Inc's operating margin?

FiEE Inc (FIEE) had an operating margin of -661.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is FiEE Inc's net profit margin?

FiEE Inc (FIEE) had a net profit margin of 0.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is FiEE Inc's operating cash flow?

FiEE Inc (FIEE) generated -$3.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are FiEE Inc's total assets?

FiEE Inc (FIEE) had $307K in total assets as of fiscal year 2024, including both current and long-term assets.

How much does FiEE Inc spend on research and development?

FiEE Inc (FIEE) invested $113K in research and development during fiscal year 2024.

How many shares does FiEE Inc have outstanding?

FiEE Inc (FIEE) had 4M shares outstanding as of fiscal year 2024.

What is FiEE Inc's current ratio?

FiEE Inc (FIEE) had a current ratio of 0.38 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is FiEE Inc's debt-to-equity ratio?

FiEE Inc (FIEE) had a debt-to-equity ratio of -3.36 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is FiEE Inc's return on assets (ROA)?

FiEE Inc (FIEE) had a return on assets of 0.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is FiEE Inc's cash runway?

Based on fiscal year 2024 data, FiEE Inc (FIEE) had $30K in cash against an annual operating cash burn of $3.8M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is FiEE Inc's debt-to-equity ratio negative or unusual?

FiEE Inc (FIEE) has negative shareholder equity of -$130K as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is FiEE Inc's Piotroski F-Score?

FiEE Inc (FIEE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.