Franklin Wireless (FKWL) is a small-cap that sells hardware and software needed for mobile hotspots, routers and other wireless applications. It has seen booming sales as of late, with 2020 revenue more than 100% higher than that of 2019. The latest quarter was even more impressive with revenue to December 31st, 2020 almost 5x that of December 31st, 2019.
As a result, the company has generated substantial amounts of cash. Cash balances have risen from $15 million one year ago to $76 million at the end of 2020. For a company with a market cap of just $150 million, this is a significant source of value for shareholders and downside protection. Read More...
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