FiEE (FIEE) AI Stock Analysis

• Market Cap: $22.22M
• Dividend Yield: N/A
• Average Volume (3M): 19.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: -5.65%
• EPS Growth: 88.68%
• Country: US
• Employees: 43
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -0.04
• Shares Outstanding: 6,295,961
• 10 Day Avg. Volume: 37,009
• 30 Day Avg. Volume: 19,103
• PEG Ratio: <0.01
• Price to Book (P/B): -5.35
• Price to Sales (P/S): 1.09
• P/FCF Ratio: -0.18
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 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: 54 Neutral
• Price Target: $3.00 ▲(5.26% Upside)

The score is held back mainly by weak financial performance (persistent losses and historically volatile results) despite recent improvement in cash flow. Technicals are a near-term positive with strong trend and momentum signals, while valuation remains constrained by loss-making status and no dividend. The recent acquisition adds a modest positive catalyst but does not offset the core profitability risk.

Positive Factors

Recurring Revenue Model

The recurring revenue model through partnerships with ISPs provides a stable income stream, enhancing financial predictability and resilience.

Product Offering

A diversified product offering in networking solutions positions Minim to capitalize on increasing demand for secure internet connectivity.

Subscription Revenue

Subscription-based sales enhance revenue stability and customer retention, supporting long-term financial health and growth potential.

Negative Factors

Revenue Decline

Significant revenue decline indicates challenges in market demand or competitive positioning, threatening long-term growth prospects.

Negative Cash Flow

Persistent negative cash flow highlights operational inefficiencies and financial distress, impacting the company's ability to invest in growth.

Negative Equity

Negative equity suggests financial instability and limits the company's ability to secure financing, posing long-term viability concerns.

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.

How the Company Makes Money

Minim, Inc. generates revenue primarily through the sale of its networking hardware and software solutions. The company offers a range of products, including routers and access points, which are typically bundled with its proprietary software. This software is often sold on a subscription basis, providing ongoing revenue streams. Additionally, Minim partners with internet service providers to integrate its solutions into their offerings, which can lead to recurring revenue through licensing agreements and service contracts. Key factors contributing to the company's earnings include the growing demand for reliable and secure home networking solutions and partnerships with service providers looking to enhance their customer offerings.

FiEE Financial Statement Overview

Summary

Minim, Inc. is facing severe financial challenges. The income statement shows significant revenue decline and unsustainable net losses. The balance sheet indicates potential insolvency with negative equity and high liabilities. Cash flow analysis reveals substantial negative cash flows, highlighting operational inefficiencies and financial distress.

Income Statement

Minim, Inc.'s TTM revenue of $2.1 million represents a sharp decline from previous years, indicating significant revenue contraction. The gross profit margin has deteriorated to 27.6% in the TTM, reflecting increased cost pressures or inefficiencies. The TTM net profit margin is extremely negative due to substantial net losses, showing unsustainable profitability levels. Revenue growth is negative, signaling a challenging environment for business expansion.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, indicating potential insolvency risks. The debt-to-equity ratio cannot be calculated due to negative equity, but total liabilities exceed total assets significantly. This indicates a highly leveraged position. The equity ratio is also negative, further highlighting financial instability.

Cash Flow

The free cash flow in the TTM is significantly negative, showing a deteriorating cash position. Operating cash flow is also considerably negative compared to net income, indicating cash flow issues despite reported losses. Free cash flow to net income ratios are unfavorable, suggesting operational and financial distress.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.98M	639.89K	26.11M	50.62M	55.42M	47.99M
Gross Profit	1.65M	207.26K	470.89K	11.93M	17.53M	13.61M
EBITDA	-2.85M	-3.87M	-16.44M	-14.35M	-1.34M	-3.41M
Net Income	-1.12M	-4.22M	-17.63M	-15.55M	-2.20M	-3.86M
Balance Sheet
Total Assets	8.51M	307.04K	12.36M	30.96M	54.30M	29.61M
Cash, Cash Equivalents and Short-Term Investments	5.91M	30.16K	709.32K	530.11K	12.57M	771.76K
Total Debt	352.86K	0.00	22.51K	5.93M	5.34M	2.61M
Total Liabilities	4.60M	437.03K	12.24M	14.62M	23.81M	21.82M
Stockholders Equity	3.91M	-130.00K	115.92K	16.34M	30.49M	7.79M
Cash Flow
Free Cash Flow	2.48M	-3.77M	4.47M	-12.87M	-14.95M	-8.17M
Operating Cash Flow	2.49M	-3.77M	4.85M	-12.17M	-14.27M	-7.09M
Investing Cash Flow	-894.45K	11.64K	-381.87K	-695.02K	-681.83K	-578.09K
Financing Cash Flow	4.12M	3.08M	-4.79M	824.75K	26.45M	7.88M

FiEE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 3.20, above the 50-day MA of 2.69, and above the 200-day MA of 2.50, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 64.95 is Neutral, neither overbought nor oversold. The STOCH value of 49.41 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	54 Neutral	$22.22M	-16.09	-66.84%	―	-5.65%	88.68%
MITQ	49 Neutral	$7.65M	-17.51	-7.48%	―	-1.49%	76.04%
CLRO	48 Neutral	$15.60M	-0.50	-75.61%	―	-42.90%	-427.39%
SYNX	48 Neutral	$7.36M	-1.84	-49.73%	―	-39.32%	-100.79%
ASNS	42 Neutral	$3.86M	-0.05	-260.09%	―	-56.36%	32.37%
SONM	41 Neutral	$5.88M	-0.03	-455.82%	―	4.17%	-238.36%

FiEE Corporate Events

FiEE Completes Acquisition of Japanese Authentication Firm

On November 27, 2025, FiEE, Inc. entered into agreements to acquire 100% of the equity interests and all assets of Houren-Geiju Kabushikikaisha, a Japanese company specializing in digital authentication services for art collections, for $3.5 million. The acquisition, completed on November 30, 2025, is expected to enhance FiEE’s technological capabilities and expand its service offerings in AI and blockchain authentication technologies. This strategic move aims to broaden FiEE’s revenue streams and optimize its brand solutions, potentially expanding its customer base and establishing a global community of Key Opinion Leaders.

FiEE Stockholder Approval at 2025 Annual Meeting

FiEE, Inc. entered into an unsecured promissory note with former executive officer David Lazar, effective February 18, 2025, which was converted into shares of common stock upon stockholder approval at the 2025 Annual Meeting on October 27, 2025. Additionally, the company issued a warrant to Lazar to purchase shares of common stock, which also became exercisable following stockholder approval at the same meeting. During the Annual Meeting, stockholders voted on several proposals, including the election of directors, ratification of the accounting firm, approval of stock issuance related to convertible notes and warrants, the 2025 Equity Incentive Plan, and executive compensation for 2024.