Nov. 21 at 1:35 PM
$FKWL drops 12.4% post-earnings — what's behind the slide? 📉
Revenues fell 4.3% YoY to
$12.7M, but gross profit surged 40.5% thanks to a better product mix and cost control. However, the sharp drop in other income, mainly from currency impacts, was a key challenge despite net income attributable to Franklin Wireless rising.
See the full breakdown here 👉 https://www.zacks.com/stock/news/2794037/fkwl-stock-declines-124-q1-profit-strengthens-amid-lower-sales?cid=sm-stocktwits-2-2794037-body-21997&ADID=SYND_STOCKTWITS_TWEET_2_2794037_BODY_21997