Companies Like Franklin Wireless (NASDAQ:FKWL) Are In A Position To Invest In Growth [Yahoo! Finance]
Franklin Wireless Corp. - common stock (FKWL)
NASDAQ:AMEX Investor Relations:
franklinwireless.com/investors
Company Research
Source: Yahoo! Finance
So should Franklin Wireless NASDAQ:FKWL ) shareholders be worried about its cash burn? For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. How Long Is Franklin Wireless' Cash Runway? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. In March 2024, Franklin Wireless had US$32m in cash, and was debt-free. Importantly, its cash burn was US$2.1m over the trailing twelve months. So it had a very long cash runway of many years from March 2024. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. You can see how its cash balance has changed over time in the image below. How Well Is Franklin Wireless Growing?
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FKWL
News
- Franklin Access Announces Updates to JEXtream MDM PlatformGlobeNewswire
- Franklin Access Unveils the JEXtream FX20 Router Paired With The Quvo Parental Control AppGlobeNewswire
- Franklin Wireless Full Year 2024 Earnings: US$0.34 loss per share (vs US$0.24 loss in FY 2023) [Yahoo! Finance]Yahoo! Finance
FKWL
Sec Filings
- 11/14/24 - Form 10-Q
- 10/25/24 - Form DEF
- 10/8/24 - Form 8-K
- FKWL's page on the SEC website