FiEE (FIEE) AI Stock Analysis

• Market Cap: $41.68M
• Dividend Yield: N/A
• Average Volume (3M): 19.10K
• Price to Earnings (P/E): 26.5
• Beta (1Y): 0.23
• Revenue Growth: -5.65%
• EPS Growth: 88.68%
• Country: US
• Employees: 43
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.25
• Shares Outstanding: 6,295,961
• 10 Day Avg. Volume: 37,009
• 30 Day Avg. Volume: 19,103
• PEG Ratio: -0.24
• Price to Book (P/B): 2.74
• Price to Sales (P/S): 2.91
• P/FCF Ratio: 4.96
• Enterprise Value/Market Cap: 0.52
• Enterprise Value/Revenue: 3.48
• Enterprise Value/Gross Profit: 4.02
• Enterprise Value/Ebitda: 13.89
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: $7.00 ▲(145.61% Upside)
• Action: Reiterated Date: 03/21/26
• Date: Action: Reiterated 03/21/26

The score is driven primarily by improving 2025 financial performance (profitability, cash flow, and low leverage) but held back by extreme multi-year volatility and prior balance-sheet stress. Technicals are moderately supportive, while valuation is weak due to a negative P/E and no dividend support; recent corporate events are a modest positive, tempered by preliminary (unaudited) figures.

Positive Factors

Balance Sheet Health

The materially improved 2025 balance sheet with ~6.6M equity and negligible debt provides durable financial flexibility. Low leverage lowers default risk, supports investment or acquisitions, and gives management room to execute strategy without near-term refinancing pressure.

Improved Cash Generation

A return to positive operating and free cash flow (~$3.6M) indicates the business can internally fund operations and modest growth. Sustained FCF supports reinvestment in SaaS transition and reduces reliance on external capital if management maintains discipline and stabilizes working capital.

Strategic Shift to SaaS

Shifting to SaaS is a structural business-model change that can create recurring revenue, higher gross margins, and stronger customer retention over time. Combined with reported preliminary profitability and a capital raise to fund acquisitions, this supports durable margin expansion and scalable growth if executed well.

Negative Factors

Revenue Volatility

Extremely volatile revenue across multiple years undermines predictability of cash flows and margins. Such swings suggest dependence on lumpy contracts or product cycles and make forecasting, customer retention, and consistent investment planning difficult during a multi-quarter SaaS transition.

Prior Balance-Sheet Strain

A history of negative equity and prior balance-sheet stress implies past reliance on recapitalizations or restructurings. That legacy increases execution risk, raises the probability of future dilution when raising capital, and signals governance or operational issues that may persist absent structural fixes.

Inconsistent Cash Flows / Execution Risk

Large multi-year swings in cash generation highlight execution and working-capital volatility. Inconsistent FCF complicates funding for product development, acquisitions, and SaaS migration, and increases the risk that short-term setbacks could force dilutive financings or delay strategic initiatives.

FiEE Business Overview & Revenue Model

Company Description

FiEE, Inc., together with its subsidiaries, designs, develops, sells, and supports an Internet of Things security platform in North America and internationally. It offers hardware products, including cable modems, cable modem/routers, gateways, mobile broadband modems, wireless routers, multimedia over coax adapters, mesh home networking devices, and other local area network products. The company also provides Minim mobile applications for end users to personalize and monitor their home and office network for speed testing, data usage tracking, security alerts, malware blocking, privacy settings, and parental controls; and Minim web application that enables technical support representatives of Internet Service Providers (ISPs) and businesses to offer remote support with network insights. In addition, it offers Minim API suite and MinimOS for third-party hardware vendors, ISPs, and other partners to integrate with the Minim platform and functionality; to manage their own account data; and to integrate with third-party router firmware. The company offers its products under the ZOOM, Motorola, and Minim brands. It sells its products through direct sales force and commissioned independent sales representatives to retailers; and retailers, distributors, ISPs, individual businesses, service providers, value-added resellers, PC system integrators, original equipment manufacturers, channel resellers, electronics distributors, and e-commerce platforms. The company was formerly known as ZoomTelephonics, Inc. and changed its name to Minim, Inc. in June 2021. Minim, Inc. was incorporated in 1977 and is headquartered in Manchester, New Hampshire.

FiEE Financial Statement Overview

Summary

2025 shows a meaningful turnaround with positive EBIT/net income and improved operating/free cash flow, plus low debt and stronger equity. However, the prior multi-year stretch included heavy losses, negative equity (2024), and highly volatile revenue and cash flows, raising uncertainty about durability.

Income Statement

Results show a sharp rebound in 2025 (annual): revenue surged to ~6.2M with positive EBIT (~1.6M) and net income (~0.7M) after heavy losses in 2022–2024. That said, the top line has been extremely volatile (from ~55.4M in 2021 and ~50.6M in 2022 down to ~26.1M in 2023, ~0.6M in 2024, then rebounding), and profitability was deeply negative for multiple years before turning positive—raising questions about sustainability and business stability.

Balance Sheet

The 2025 (annual) balance sheet looks much stronger, with sizable equity (~6.6M) and very low debt (~0.03M) versus total assets (~10.8M), suggesting limited leverage risk. However, prior years showed meaningful balance-sheet strain, including negative equity in 2024 and very weak equity levels in 2023, indicating the company’s capital position has been unstable and may have relied on recapitalization or major restructuring to reach the current profile.

Cash Flow

Cash generation improved materially in 2025 (annual) with positive operating cash flow and free cash flow (~3.6M), and free cash flow growth was strong versus the prior year. Still, cash flows have been inconsistent: operating and free cash flow were significantly negative in 2020–2022, turned positive in 2023, then swung negative again in 2024 before rebounding—highlighting execution and working-capital volatility risk.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022
Income Statement
Total Revenue	6.19M	639.89K	26.11M	50.62M	55.42M
Gross Profit	5.35M	207.26K	470.89K	11.93M	17.53M
EBITDA	1.55M	-3.87M	-16.44M	-14.35M	-1.34M
Net Income	681.31K	-4.22M	-17.63M	-15.55M	-2.20M
Balance Sheet
Total Assets	10.77M	307.04K	12.36M	30.96M	54.30M
Cash, Cash Equivalents and Short-Term Investments	3.08M	30.16K	709.32K	530.11K	12.57M
Total Debt	30.35K	0.00	22.51K	5.93M	5.34M
Total Liabilities	4.18M	437.03K	12.24M	14.62M	23.81M
Stockholders Equity	6.59M	-130.00K	115.92K	16.34M	30.49M
Cash Flow
Free Cash Flow	3.64M	-3.77M	4.47M	-12.87M	-14.95M
Operating Cash Flow	3.64M	-3.77M	4.85M	-12.17M	-14.27M
Investing Cash Flow	-4.87M	11.64K	-381.87K	-695.02K	-681.83K
Financing Cash Flow	4.30M	3.08M	-4.79M	824.75K	26.45M

FiEE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIEE, the sentiment is Positive. The current price of 2.85 is below the 20-day moving average (MA) of 6.64, below the 50-day MA of 5.69, and below the 200-day MA of 3.47, indicating a neutral trend. The MACD of 0.33 indicates Positive momentum. The RSI at 53.18 is Neutral, neither overbought nor oversold. The STOCH value of 32.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FIEE.

FiEE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FIEE	57 Neutral	$41.68M	26.49	21.08%	―	-5.65%	88.68%
SONM	51 Neutral	$4.99M	-5.63	1515.04%	―	4.17%	-238.36%
SYNX	48 Neutral	$7.43M	-1.57	-49.73%	―	-39.32%	-100.79%
CLRO	46 Neutral	$9.82M	-0.18	-157.60%	―	-42.90%	-427.39%
MITQ	43 Neutral	$6.15M	-4.23	-7.48%	―	-1.49%	76.04%
ASNS	40 Underperform	$8.23M	―	-260.09%	―	-56.36%	32.37%

FiEE Corporate Events

FiEE Reports Strong Preliminary 2025 Results and Profitability

On January 30, 2026, FiEE, Inc. entered into a securities purchase agreement for a private placement of 394,476 common shares at $5.07 per share, aiming to raise about $2 million in gross proceeds to fund potential acquisitions and general corporate purposes, with closing anticipated within 30 days and the shares to be covered by a future resale registration statement. In a separate update released on February 2, 2026, the company reported strong preliminary, unaudited results for the fourth quarter and full year ended December 31, 2025, highlighting an 870.8% year-on-year surge in net sales to approximately $6 million, a gross profit of about $5 million, and a turnaround to roughly $1 million in annual net income—driven by its strategic shift toward SaaS solutions and suggesting a significant improvement in profitability and competitive positioning in digital brand management, pending final audited figures expected in March 2026.

The most recent analyst rating on (FIEE) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on FiEE stock, see the FIEE Stock Forecast page.

FiEE Expands Board, Appoints Hongya Wen as Chairperson

On January 14, 2026, FiEE, Inc. expanded its Board of Directors to five members and appointed Hongya Wen, 49, as chairperson and director, with a term running until the 2026 Annual Meeting of Stockholders or until a successor is elected and qualified. Wen, who brings experience from her current role as Deputy General Manager and former Sales Director at Jiangsu Taifeng Cultural Communication Co., Ltd., an art brokerage and cultural services platform, and from her prior work at the Jiangsu branch of China Life Insurance Company Limited, will receive a cash fee of $12,500 per quarter under a director agreement, and the company reported no related-party arrangements or transactions connected to her selection.

The most recent analyst rating on (FIEE) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on FiEE stock, see the FIEE Stock Forecast page.