secwatch.observer — SEC 8-K summary
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Issuer:     FiEE, Inc. (FIEE)
CIK:        0001467761
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001493152-22-031222
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467761/000149315222031222/0001493152-22-031222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467761/000149315222031222/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031222

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