secwatch.observer — SEC 8-K summary
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Issuer:     FiEE, Inc. (FIEE)
CIK:        0001467761
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001493152-23-009383
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Minim reports FY2022 net loss of $15.5M; revenue down 8.7% to $50.6M
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- Full year 2022 net revenue $50.6M, down 8.7% YoY; gross margin fell to 23.6% from 34.1%.
- Net loss of $15.5M ($0.34 per share) vs $2.2M loss in 2021; Q4 net loss $4.5M.
- Q4 revenue $10.6M, down 23.2% sequentially; Non-GAAP Adjusted EBITDA ($3.9M) vs ($1.3M) in Q4 2021.
- Cash and restricted cash $1.0M at year-end; inventory reduced 26% to $25.4M.
- Company plans 20% cost reduction in Q2 2023 and launch of Support+ subscription in June 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467761/000149315223009383/0001493152-23-009383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467761/000149315223009383/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-009383

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer