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.
|
Revenues |
Year Ended December 31, |
% |
||||
|
2025 |
2024 |
change |
||||
|
$ |
$ |
YoY |
||||
|
Product sales |
||||||
|
|
$ |
– |
$ |
638,804 |
(100.0) % |
|
|
|
– |
1,089 |
(100.0) % |
|||
|
|
5,275,761 |
– |
N/A |
|||
|
|
588,811 |
– |
N/A |
|||
|
|
329,044 |
– |
N/A |
|||
|
Total |
$ |
6,193,616 |
$ |
639,893 |
867.9 % |
|
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 …