San Diego, May 24, 2026, 07:03 PDT
- Franklin Wireless closed at $3.03 Friday, off 2.1%. The stock lost roughly 2.3% for the week.
- U.S. stock markets won’t open Monday for Memorial Day. Trading starts up again Tuesday.
- March-quarter sales dropped 57% in the company’s latest filing after a big carrier stopped offering a key product.
Franklin Wireless Corp. stock is sitting near $3 as the U.S. heads into the long holiday weekend. The shares had a rough week after the company turned in a soft quarterly report and put out more warnings on customer demand.
The shares finished Friday at $3.03, down 6.5 cents, or 2.1%. Trading volume came to 7,894 shares. The previous Friday close was $3.10, so the Nasdaq microcap dropped roughly 2.3% for the week. Market cap stood near $35.7 million.
Market timing is key here. U.S. stocks are off for the weekend and won’t reopen until Tuesday, as markets stay shut Monday for Memorial Day. That extra day lets investors decide if Friday’s action was a holiday flare-up or a new take on Franklin’s revenue numbers. Nasdaq’s normal trading hours are 9:30 a.m. to 4:00 p.m. Eastern when markets are open.
Franklin, which operates as Franklin Access, offers 5G and 4G LTE mobile hotspots, fixed wireless routers, and software for managing devices. Fixed wireless delivers broadband over cellular networks instead of cable or fiber. The company said it started moving its focus away from mobile hotspots and into fixed wireless routers and telecom modules in the March quarter.
Franklin posted weaker sales in the quarter. Net sales fell to $3.44 million for the three months ended March 31 from $8.01 million a year ago. The company’s net loss attributable to the parent widened to $1.56 million, or 13 cents a share, compared with a loss of $644,786, or 5 cents a share, a year earlier.
Sales dropped mostly because a top carrier customer stopped offering a key product, and customers are still going through inventory after bulk deliveries before. The company said it doesn’t see meaningful sales of that product to the carrier going forward. Gross margin fell to 16.1% from 16.9%.
Franklin’s balance sheet showed some slack at March 31. Cash and short-term investments stood at $32.94 million. Management said current capital should keep operations and obligations covered for at least one year from the filing date.
Inseego Corp., a bigger wireless-edge and fixed-wireless player based in San Diego, was up 3.2% Friday. The company plans to buy Nokia’s fixed-wireless-access business. That deal is set to close in the fourth quarter. CEO Juho Sarvikas said this month the move is part of efforts to “diversify our customers and product portfolio.” Inseego Corp.
Semtech Corp. jumped 7.0% Friday. The company’s Sierra Wireless wing lists cellular modules, rugged routers and global connectivity, matching the same market Franklin is targeting with its routers and telecom modules.
Franklin faces a risk its turnaround won’t happen before investors run out of patience. The company flagged memory shortages from AI chip demand, which could stretch out lead times for the parts it needs. Franklin also said revenue lost from big customers might not come back fast, as its fixed-router and module products are still early in adoption. Thin trading can make price moves look bigger.
Franklin (ticker not given) faces its first hurdle this week when shares resume trading Tuesday—traders want to see if the stock can stay above $3. After that, the focus turns to fresh router and module sales and if those can make up for the lost hotspot business. Investors also want to see if Franklin’s cash holds up as it shifts away from hotspots.
