Franklin Wireless Corp. (FKWL): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how companies stay connected in our increasingly wireless world? Franklin Wireless Corp. (FKWL) is a key player, providing wireless solutions like mobile hotspots and devices for the Internet of Things (IoT). With a market capitalization of $57.4 million as of April 9, 2025, and $43.4 million in trailing 12-month revenue (as of December 31, 2024), Franklin Wireless plays a significant role in the wireless communication equipment industry. Keep reading to explore the history, ownership structure, mission, and revenue streams of this publicly-traded tech company.

Franklin Wireless Corp. (FKWL) History

Franklin Wireless Corp.'s Founding Timeline

Year established

Franklin Wireless was established in 1993.

Original location

The company is headquartered in San Diego, California.

Founding team members

The specific founding team members are not readily available in the provided search results.

Initial capital/funding

Information regarding the initial capital or funding of Franklin Wireless during its founding is not available in the search results.

Franklin Wireless Corp.'s Evolution Milestones

Franklin Wireless Corp.'s Transformative Moments

• Strategic Shift to 5G Technology: Franklin Wireless made a significant move by embracing 5G technology, which allowed them to offer faster and more reliable mobile broadband solutions. This shift was crucial for maintaining competitiveness and meeting the growing demands of consumers and businesses for high-speed internet access.
• Focus on IoT Solutions: Recognizing the potential of the Internet of Things (IoT), Franklin Wireless expanded its portfolio to include IoT devices and solutions. This diversification enabled the company to tap into new markets and revenue streams, addressing the increasing demand for connected devices in various industries.
• Partnerships with Major Carriers: Forming strategic partnerships with major US carriers has been a transformative decision for Franklin Wireless. These collaborations have significantly expanded the distribution and reach of their products, making them more accessible to a wider customer base and driving sales growth.
• Adapting to Market Demands: Franklin Wireless has consistently adapted to changing market demands by introducing innovative products and solutions. This agility has allowed them to remain relevant and competitive in the dynamic wireless technology market, catering to the evolving needs of consumers and businesses.

To gain more insight into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of Franklin Wireless Corp. (FKWL).

Franklin Wireless Corp. (FKWL) Ownership Structure

Franklin Wireless Corp. features a mix of institutional, retail, and insider ownership, influencing its governance and strategic direction.

Franklin Wireless Corp.'s Current Status

Franklin Wireless Corp. is a publicly traded company, meaning its shares are available for purchase by the general public on the stock market under the ticker symbol FKWL.

Franklin Wireless Corp.'s Ownership Breakdown

Understanding the ownership structure of Franklin Wireless Corp. provides insights into who has the most influence over the company's decisions. Here's a breakdown:

For more detailed insights into Franklin Wireless Corp.'s financial standing, you might find this resource helpful: Breaking Down Franklin Wireless Corp. (FKWL) Financial Health: Key Insights for Investors

Franklin Wireless Corp.'s Leadership

Key leaders guide the strategic direction and operational execution of Franklin Wireless Corp. As of April 2025, the leadership team includes:

• OC Kim serves as the Chairman of the Board, President, and Chief Executive Officer.
• Sandip Gupta is the Chief Financial Officer.

Franklin Wireless Corp. (FKWL) Mission and Values

Franklin Wireless Corp. aims to be a global leader in innovative wireless solutions, driven by a commitment to quality, customer satisfaction, and technological advancement. The company values innovation, integrity, and teamwork to achieve its goals.

Franklin Wireless Corp.'s Core Purpose

Official mission statement

While an official, publicly stated mission statement for Franklin Wireless Corp. is not readily available, their actions and focus suggest a mission centered around:

• Providing cutting-edge 4G LTE and 5G wireless devices and solutions.
• Connecting people and things through reliable and secure connectivity.
• Driving innovation in the mobile broadband industry.
• Delivering exceptional value to customers and stakeholders.

Vision statement

Similarly, a specific vision statement is not officially published. However, based on their strategic direction, a potential vision could be:

• To be a global leader in wireless technology, empowering seamless connectivity for a smarter, more connected world.
• To be recognized as a premier provider of innovative and reliable wireless solutions that enhance people's lives and drive business success.
• Expanding the reach of 5G technology to enable new possibilities for consumers and businesses alike.

Company slogan/tagline

There is no widely recognized official slogan or tagline for Franklin Wireless Corp. However, considering their products and services, a fitting tagline might be:

• 'Connecting You to What Matters.'
• 'Wireless Innovation, Seamless Connectivity.'
• 'Powering the Future of Wireless.'

For more insights into the financial stability of Franklin Wireless Corp., check out: Breaking Down Franklin Wireless Corp. (FKWL) Financial Health: Key Insights for Investors

Franklin Wireless Corp. (FKWL) How It Works

Franklin Wireless Corp. specializes in designing and developing wireless solutions, particularly mobile hotspots and routers, providing connectivity for consumers and businesses. More insights can be found on Mission Statement, Vision, & Core Values of Franklin Wireless Corp. (FKWL).

Franklin Wireless Corp.'s Product/Service Portfolio

Franklin Wireless Corp.'s Operational Framework

Franklin Wireless operates through a streamlined approach that integrates product development, manufacturing, and distribution to deliver wireless connectivity solutions. The company focuses on:

• Product Development: Conceptualizing and designing new wireless devices based on market needs and technological advancements.
• Manufacturing: Partnering with manufacturing facilities to produce devices at scale, ensuring quality and cost-effectiveness.
• Distribution: Selling products through a network of distributors, retailers, and direct online sales, reaching a broad customer base.
• Customer Support: Providing technical support and customer service to ensure user satisfaction and product reliability.

Franklin Wireless Corp.'s Strategic Advantages

Franklin Wireless sustains its market position through several key competitive advantages:

• Technological Innovation: Investing in research and development to introduce cutting-edge wireless technologies and products.
• Strategic Partnerships: Collaborating with major carriers and technology providers to expand market reach and product capabilities.
• Customization: Offering customized solutions for specific industry needs, enhancing its appeal to diverse business clients.
• Cost-Effective Solutions: Providing competitively priced products that deliver strong performance and value to customers.

Franklin Wireless Corp. (FKWL) How It Makes Money

Franklin Wireless Corp. primarily generates revenue through the development, manufacturing, and sale of wireless broadband solutions, including mobile hotspots, routers, and modems.

Franklin Wireless Corp.'s Revenue Breakdown

As of the fiscal year 2024, detailed percentage breakdowns of revenue streams are not available in the provided search results. Therefore, an accurate table reflecting specific revenue streams and their respective contributions cannot be generated. For precise figures, refer to Franklin Wireless Corp.'s official financial statements.

Franklin Wireless Corp.'s Business Economics

The business economics of Franklin Wireless Corp. are influenced by several factors:

• Pricing Strategies: The company employs competitive pricing strategies to attract customers in the competitive wireless broadband market. These strategies likely involve balancing cost, features, and market demand.
• Economic Fundamentals: Demand for wireless broadband solutions is driven by the increasing need for connectivity, remote work trends, and the expansion of IoT (Internet of Things) devices. Economic downturns can impact consumer spending on electronics, potentially affecting sales volumes.
• Supply Chain: The cost of components and materials, along with supply chain efficiencies, significantly impacts profitability. Disruptions in the supply chain can lead to increased costs and reduced margins.

Franklin Wireless Corp.'s Financial Performance

Analyzing Franklin Wireless Corp.'s financial performance involves looking at key metrics:

• Revenue Trends: Monitoring the growth or decline in revenue over consecutive periods indicates the company's ability to capture market share and adapt to changing market conditions.
• Gross Margins: Examining gross margins reveals the efficiency of the company's production and pricing strategies. Higher gross margins suggest effective cost management and strong pricing power.
• Operating Expenses: Keeping track of operating expenses, including R&D and SG&A, is crucial for understanding the company's investment in future growth and operational efficiency.
• Net Income: The bottom line, net income, reflects overall profitability and the effectiveness of the company's business model.

For more insights into the company's mission, vision, and core values, visit Mission Statement, Vision, & Core Values of Franklin Wireless Corp. (FKWL).

Franklin Wireless Corp. (FKWL) Market Position & Future Outlook

Franklin Wireless Corp. faces a challenging yet potentially rewarding future, navigating a competitive landscape while seeking to capitalize on emerging opportunities in the wireless communication sector. Understanding their position requires analyzing their competitors, identifying potential growth areas, and acknowledging the risks they face.

Competitive Landscape

It is difficult to accurately assess current market share percentages and key competitive advantages for Franklin Wireless and its competitors without access to up-to-date, proprietary market research data as of April 2025. The table below provides a hypothetical illustration based on general knowledge of the industry. For precise figures, refer to the latest industry reports and financial analysis.

Opportunities & Challenges

Franklin Wireless, like many companies in the tech sector, has numerous opportunities and risks to consider.

Industry Position

Franklin Wireless currently occupies a niche position within the wireless communications industry. To solidify and improve its standing, Franklin Wireless could focus on:

• Innovation: Investing in research and development to create differentiated products with unique features.
• Strategic Partnerships: Collaborating with other companies to expand market reach and access new technologies.
• Customer Focus: Providing excellent customer support and building strong relationships with key clients.

To gain more insights into the investors and motivations behind Franklin Wireless, check out this resource: Exploring Franklin Wireless Corp. (FKWL) Investor Profile: Who’s Buying and Why?