Minim reports Q3 net revenue $13.8M, up 7.5% sequentially; net loss $4.1M

FiEE, Inc.

2022-Q3 EPS reported -$0.24 vs consensus -$0.77 ▲ beat (+68.6%)

Net revenue $13.8M, up 7.5% sequentially from Q2 but down 8% YoY from $15.0M.
Net loss $4.1M ($0.09 per share) vs $4.4M loss in Q2; adjusted EBITDA loss $3.2M.
Cash and equivalents fell to $1.9M from $4.8M; credit facility $5.8M drawn, $0.5M available.
Plans to exit ISP business by Q4 2023 to focus on paid-subscription revenue initiatives.
Inventory down 11.7% sequentially; accounts payable reduced 38.9% to $6.9M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FiEE, Inc. reported the quarter ended September 30, 2022 results: revenue $13.8 million, net income $4.1 million, EPS ($0.09) per basic and diluted share.

Period: the quarter ended September 30, 2022
Revenue: $13.8 million
Net income: $4.1 million
EPS: ($0.09) per basic and diluted share
Result: reported results

Exact text from the filing

Net revenue in the third quarter of 2022 was $13.8 million, a decrease of 8.0% compared to $15.0 million in the third quarter of 2021. Sequentially, revenue increased 7.5% compared to net revenue of $12.9 million in the second quarter of 2022. Net loss in the third quarter of 2022 was $4.1 million, or ($0.09) per basic and diluted share, compared to a net income of $1.7 million, including a one-time gain on trademark sale for $4.0M, or $0.04 per basic and diluted share in the third quarter of 2021.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

FiEE, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-031222

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.