Franklin Wireless vs Iothree
Franklin Wireless is the larger business, with $36.5m of revenue in fiscal 2026 against $14.7m for Iothree (2.5 times as much). Iothree grew faster (40.4% against -20.8%). Iothree kept more of each dollar of sales as profit: a net margin of -7.9% against -13.0%.
| Latest fiscal year | Franklin WirelessFKWL, 2026 | IothreeIOTR, 2026 |
|---|---|---|
| Revenue | $36.5m | $14.7m |
| Revenue growth | -20.8% | 40.4% |
| Net income | −$4.7m | −$1.2m |
| Operating margin | — | -7.7% |
| Net margin | -13.0% | -7.9% |
| Return on equity | -14.9% | -37.4% |
| Free cash flow | −$6.3m | −$2.8m |
| Cash | $13.4m | $2.1m |
| Total debt | $0 | $376,704 |
| Debt to equity | — | 8.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | — |
| Employees | 69 | — |
| Market value | $25.5m | $4.5m |
| Price vs our value range | — | — |
| Moat score | 45 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |