Connect with us

Technology

FiEE, Inc. Announces Third Quarter 2026 Unaudited Financial Results

Published

1 day ago

on

Revenue for the First Nine Months of 2026 Surged 382.1% Year-on-Year to Approximately $9.6 Million

Profit Turnaround for the First Nine Months of 2026 with Net Income of $3.6 Million

OSAKA, Japan, Nov. 13, 2026 /PRNewswire/ — FiEE, Inc. (NASDAQ:FIEE) (“FiEE,” the “Company,” “we,” “our,” or similar terms), a technology company that leverages IoT, connectivity, and AI to deliver SaaS solutions for content creation and brand management, along with phygital art advisory services that connect artists, collectors, and brands, today announced its unaudited financial results for the three and nine months ended September 30, 2026.

Operational and Financial Highlights for the Nine Months Ended September 30, 2026

Revenue surged 382.1% year-on-year to approximately $9.6 million for the nine months ended September 30, 2026, compared to $2.0 million in the same period of 2025. The increase in revenue primarily reflects the Company’s strategic transition from legacy hardware operations to SaaS solutions, with a new business model focusing on integrating AI and big data into content creation and brand management, along with the successful expansion into multiple new business lines, including SaaS – MCN digital services, software services, phygital art advisory services (currently, digital authentication services), and other services, most of which experienced rapid growth following their launch.As of September 30, 2026, FiEE had onboarded 939 customers for its SaaS – MCN digital services, representing total service fees of $9.2 million, of which $9.0 million had been recognized as revenue on a cumulative basis. During the nine months ended September 30, 2026, we recognized $3.7 million in revenue from this business.As of September 30, 2026, FiEE had secured contracts totaling $4.1 million for software services. We recognized $2.3 million in software services revenue during the nine months ended September 30, 2026, under the applicable over-time or point-in-time revenue recognition model. The number of software services customers increased by one from June 30, 2026, bringing the total to 32 as of September 30, 2026.For the nine months ended September 30, 2026, the Company’s phygital art advisory services generated revenue of $3.5 million, compared to $0 for the same period in 2025. These services had served a total of five corporate clients and 601 individual clients, with related accounts receivable of $2.2 million.Gross profit was approximately $7.3 million, compared to $1.6 million in the same period of 2025. The increase in gross profit was attributable to higher revenue during the period. Gross margin decreased to 76.3% for the nine months ended September 30, 2026, from 83.0% in the same period of 2025. The expansion of our MCN digital services, software services, and phygital art advisory services has changed our revenue mix and cost structure, while higher amortization costs included in cost of revenues also contributed to the decrease in consolidated gross margin during the period.Net income was approximately $3.6 million, representing a turnaround from a net loss of $1.3 million in the same period of 2025.

Operational and Financial Highlights for the Three Months Ended September 30, 2026

Revenue was approximately $2.6 million, compared to $1.9 million for the three months ended September 30, 2025.Gross profit was approximately $1.9 million, compared to $1.6 million for the three months ended September 30, 2025.Net income was approximately $1.1 million, representing a turnaround from a net loss of $0.3 million for the three months ended September 30, 2025.

Rafael Li, Chief Executive Officer and President of FiEE, commented, “We delivered solid financial results during the period and made meaningful progress in building a more diversified, scalable digital services platform. By expanding our AI-driven content offerings, phygital art advisory services, and software services, we continued to strengthen our market position and open up new avenues for growth. We were also pleased with the success of our recent art exhibition and collector engagement, which highlighted the increasing value of connecting creators, audiences, and collectors through our ecosystem.”

Mr. Li added, “ Building on this foundation, including our recently completed art exhibition, we have begun generating revenue across art advisory, acquisition assistance, exhibition services, post-transaction support, and MCN brokerage services, and expect this momentum to continue. We are excited about what this means for our creator ecosystem, as these services have given creators a platform to showcase their work and a direct line to collectors who value their work. By broadening our services and deepening engagement with our community of creators and collectors, we believe we can further expand our market reach, scale our platform, and deliver sustainable, long-term value to our stockholders.”

Financial Results for the Nine Months Ended September 30, 2026

Revenue was approximately $9.6 million, compared to $2.0 million in the same period of 2025.

Revenues

Nine Months Ended September 30,

%

2026

2025

change

$

$

YoY

Services

SaaS – MCN digital services

3,674,774

1,797,314

104.5 %

Software services

2,305,473

187,346

1,130.6 %

Phygital art advisory services –
Digital authentication

3,543,862

–

N/A

Others

43,744

–

N/A

Total

$

9,567,853

$

1,984,660

382.1 %

Gross profit was approximately $7.3 million, compared to $1.6 million in the same period of 2025.

Gross margin was 76.3%, compared to 83.0% in the same period of 2025. The decrease primarily reflected higher amortization costs included in cost of revenues.

Operating expenses were approximately $3.5 million, representing an increase of 26.0% from $2.8 million in the same period of 2025.

Selling and marketing expenses were approximately $0.5 million, as compared to $0.05 million in the same period of 2025. The increase was primarily due to the Company’s business transformation and share-based compensation expense in connection with equity awards granted in May 2026 under our 2025 Equity Incentive Plan. The expenses incurred during the nine months ended September 30, 2026, primarily reflected costs related to the expansion of our four core business lines (SaaS – MCN digital services, software services, phygital art advisory services, and other services), as well as corporate branding initiatives.General and administrative expenses were approximately $2.9 million, compared to $2.7 million in the same period of 2025. The increase reflected higher share-based compensation expense, legal and audit fees, and other fees.Research and development expenses were approximately $0.1 million, as compared to $0.05 million in the same period of 2025. The increase primarily reflected ongoing enhancements and optimizations to our system during the respective periods.

Operating income was approximately $3.8 million, marking a turnaround from a loss of $1.1 million for the nine months ended September 30, 2025.

Net income was approximately $3.6 million, representing a turnaround from the $1.3 million loss for the nine months ended September 30, 2025.

Diluted earnings per common share was $0.24, compared to a diluted loss per common share of $0.25 for the nine months ended September 30, 2025.

About FiEE, Inc.

FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. The Company has a historical track record of delivering a comprehensive WiFi/Software as a Service platform in the market. After years of development, FiEE made the strategic decision to transition to a Software First Model, rebranding itself as a technology company leveraging its expertise in IoT, connectivity, and AI to improve artwork circulation, as well as engagement with artists and collectors.

Notably, FiEE has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. Building on its established pool of KOLs and artist network, FiEE further extended its offerings to phygital art advisory services, providing a platform for artists, collectors, and brands to connect through exhibitions and other value-added services.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral, or otherwise made, represent the Company’s expectation or belief concerning future events. Without limiting the foregoing, the words “believes,” “expects,” “may,” “might,” “will,” “should,” “seeks,” “intends,” “plans,” “strives,” “goal,” “estimates,” “forecasts,” “projects” or “anticipates” or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business transformation and expand our AI-driven content offerings, software services, and phygital art advisory services, (iii) our expectations regarding the commencement of revenue generation from art advisory, acquisition assistance, exhibition services, post-transaction support, and MCN brokerage services, (iv) our ability to broaden our service offerings and deepen engagement with creators and collectors, (v) our ability to expand our market reach and scale our digital services platform and creator ecosystem, and (vi) our long-term growth objectives and opportunities and our ability to deliver sustainable, long-term value to our stockholders.

By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See “Risk Factors” and “Special Note Regarding Forward-Looking Statements” included in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the Company’s most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q, or other subsequent filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

For investor and media inquiries, please contact:
Email: fiee@dlkadvisory.com

 

 

 

FIEE, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)

September 30,
2026

December 31,
2025

ASSETS

Current assets

Cash

$

5,226,422

$

3,084,461

Accounts receivable

4,575,896

2,110,715

Other receivables, net

673,117

1,217,692

Prepaid expenses and other current assets

980,379

199,309

Total current assets

11,455,814

6,612,177

Property, equipment and software, net

843,140

366,439

Intangible assets, net

2,571,604

3,529,835

Operating lease right-of-use assets, net

–

31,004

Goodwill

24,990

–

Deferred tax assets

27,102

–

Other assets

361,896

231,680

Total assets

$

15,284,546

$

10,771,135

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Accounts payable

$

355,246

$

511,206

Contract liabilities

101,896

1,497,721

Accrued expenses and other current liabilities

972,346

1,169,737

Income tax payable

1,017,006

972,743

Current maturities of operating lease liabilities

–

30,350

Total current liabilities

2,446,494

4,181,757

Total liabilities

2,446,494

4,181,757

Commitments and Contingencies

Stockholders’ equity

Preferred Stock

1,639,779

1,639,779

Common Stock

85,286

79,341

Additional paid-in capital

103,207,291

100,500,280

Accumulated deficit

(92,037,851)

(95,621,579)

Accumulated other comprehensive loss

(6,580)

(8,443)

Total stockholders’ equity attributable to parent

12,887,925

6,589,378

Non-controlling interests

(49,873)

–

Total stockholders’ equity

12,838,052

6,589,378

Total liabilities and stockholders’ equity

$

15,284,546

$

10,771,135

 

 

 

FIEE, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(Unaudited)

Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

Revenues

$

2,620,524

$

1,939,542

$

9,567,853

$

1,984,660

Cost of revenues

692,543

291,739

2,272,094

336,419

Gross profit

1,927,981

1,647,803

7,295,759

1,648,241

Operating expenses:

Selling and marketing

171,113

32,349

457,766

49,160

General and administrative

960,441

1,716,060

2,895,476

2,660,300

Research and development

43,962

–

119,775

47,419

Total operating expenses

1,175,516

1,748,409

3,473,017

2,756,879

Operating income (loss)

752,465

(100,606)

3,822,742

(1,108,638)

Other income (expense):

Interest income (expense), net

200

(3,246)

297

(8,673)

Foreign currency exchange income (loss)

(2,717)

(8,948)

25,835

(9,079)

Other, net

680

–

27,710

–

Total other income (expense)

(1,837)

(12,194)

53,842

(17,752)

Income (loss) before income taxes

750,628

(112,800)

3,876,584

(1,126,390)

Income tax expense (benefit)

(365,513)

140,185

298,213

140,185

Net income (loss)

$

1,116,141

$

(252,985)

$

3,578,371

$

(1,266,575)

Attributable to noncontrolling interests

(4,875)

–

(5,357)

–

Net income (loss) attributable to owners of parent

$

1,121,016

$

(252,985)

$

3,583,728

$

(1,266,575)

Allocation to participating preferred stock

(307,762)

–

(1,002,586)

–

Net income (loss) attributable to common stockholders

$

813,254

$

(252,985)

$

2,581,142

$

(1,266,575)

Basic earnings (loss) per common share

$

0.10

$

(0.04)

$

0.31

$

(0.25)

Diluted earnings (loss) per common share

$

0.08

$

(0.04)

$

0.24

$

(0.25)

Weighted-average number of common shares
    outstanding:

Basic

8,528,598

6,295,961

8,309,153

5,037,981

Diluted

10,598,124

6,295,961

10,566,371

5,037,981

Net income (loss)

$

1,116,141

$

(252,985)

$

3,578,371

$

(1,266,575)

Other comprehensive income (loss), net of tax:

Foreign currency translation adjustment

33,849

34

1,863

1,996

Total comprehensive income (loss)

$

1,149,990

$

(252,951)

$

3,580,234

$

(1,264,579)

 

View original content:https://www.prnewswire.com/news-releases/fiee-inc-announces-third-quarter-2026-unaudited-financial-results-302939179.html

SOURCE FiEE, Inc.

Related Topics:
Continue Reading

Technology

APEC 2026 Host City Promotional Video Shenzhen: Where the Future Takes Shape Released Worldwide

Published

2 minutes ago

on

November 15, 2026

By

SHENZHEN, China, Nov. 14, 2026 /CNW/ — Shenzhen: Where the Future Takes Shape, the official promotional video for the host city of the 2026 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, was released worldwide on November 15, as APEC Economic Leaders’ Week got underway in Shenzhen.

Presented by the Publicity Department of the CPC Shenzhen Municipal Committee and produced by Shenzhen Media Group, the video takes “Where the Future Takes Shape” as its central theme.

It brings together Shenzhen’s pioneering reforms, its achievements in building a modern, people-centered city, and the theme of 2026 APEC “China Year,” “Building an Asia-Pacific Community to Prosper Together.” Through the story of Shenzhen, the video offers international audiences a vivid look at Chinese modernization in practice, while extending a warm welcome to guests from across the Asia-Pacific and beyond. It also reflects the host city’s commitment to openness and its vision of working with regional partners to create a better future.

Shenzhen itself takes center stage in the video. Through six dimensions — innovative, livable, beautiful, resilient, culturally advanced, and smart — the production captures the city’s character during this landmark year and showcases its vitality and appeal to audiences worldwide.

The Chinese- and English-language versions premiered simultaneously across Shenzhen Media Group’s platforms, including Shenzhen TV’s 4K Ultra HD channel, its international channel, and the international social media network of “Shenzhen Channel”.

Featuring more than 260 shots, 99% of them newly filmed in 2026, this six-minute film brings Shenzhen to life–from cutting-edge innovation and vibrant urban spaces to stunning natural landscapes and cultural diversity.

Discover a city where the future is already taking shape, and where people from across the Asia-Pacific are invited to come together, share opportunities, and build a brighter, more prosperous future.

At this moment, Shenzhen is at its best.

As the video’s closing narration declares:

In 2026, the world gathers in Shenzhen to write a new chapter in building an Asia-Pacific Community to prosper together.

Gather in Shenzhen.

Witness miracles.

Together, let’s create a brighter future!

View original content to download multimedia:https://www.prnewswire.com/news-releases/apec-2026-host-city-promotional-video-shenzhen-where-the-future-takes-shape-released-worldwide-302939610.html

SOURCE Shenzhen Media Group

Continue Reading

Technology

IP GUANGDONG debuts at the Media Center of APEC Economic Leaders’ Week

Published

2 hours ago

on

November 15, 2026

By

GUANGZHOU, China, Nov. 15, 2026 /PRNewswire/ — This is a news report from South.

The media center for the 2026 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week opened on November 11 in the host city of Shenzhen, Guangdong Province, southern China.

Located in Hall 2 of the Shenzhen Convention and Exhibition Center in Futian District, the APEC media center spans around 15,000 square meters. It will offer services including meeting updates, radio and television broadcast feeds, press briefings, and smart news gathering and production tools for nearly 5000 Chinese and international journalists.

IP GUANGDONG, a community open to anyone who wants to share Guangdong’s stories with the world, has set up a themed space called “A Home for Asia-Pacific Friends” at the APEC media center. The space offers Chinese and international journalists a friendly, homelike atmosphere and has been a popular photo spot since opening day.

What unique experiences does IP GUANGDONG offer at the APEC media center? Here is a first look.

Bringing Guangdong’s hospitality to the front lines of reporting

Openness, innovation and cooperation are the three priorities for the APEC China 2026, and they also reflect Guangdong’s approach to welcoming guests. Through “A Home for Asia-Pacific Friends,” IP GUANGDONG is using the occasion to build friendships and offer thoughtful, welcoming services to journalists from around the world. Reporters coming to Shenzhen may be unfamiliar with the city, find it hard to source material, have little space to film on camera or lack equipment, so IP GUANGDONG has set up a range of support services in the themed space.

IP GUANGDONG is a shared platform for Guangdong’s international image, and its library holds more than 50,000 high-quality images and videos from and about the province. Its “Visual Content Station,” located within the themed space, allows Chinese and international journalists to quickly purchase and license high-quality images and footage of Guangdong, providing a one-stop solution to difficulties in sourcing content and uncertainty over usage rights.

In the age of new media, news production moves at almost lightning speed. With a Pocket camera in one hand and a microphone in the other, a single reporter can gather and edit news right at the scene.

To support this way of working, IP GUANGDONG has teamed up with its partner DJI to set up a dedicated DJI service station, where Chinese and international journalists can borrow Osmo Pocket 4 cameras. Reporters can register on site with valid media credentials and borrow a camera for their reporting. During breaks, they can also capture the beauty and variety of Shenzhen, sharing their images with the world through IP GUANGDONG.

Discovering and sharing stories behind Guangdong products

Guangdong goods have continued to attract attention online and offline this year. Their global reach is underpinned not only by Guangdong’s strength in smart manufacturing, but also by the cultural appeal embedded in its products. Every Guangdong product has a story worth telling. Drawing on this rich source of news stories, IP GUANGDONG has teamed up with its partners to display a diverse selection of finely crafted Guangdong products at the themed space’s service counter, giving journalists a place to discover local creations and find inspiration.

Reflecting the current boom in designer collectible toys, IP GUANGDONG is showcasing a range of representative designer toy brands and characters from Guangdong. Highlights include dolls featuring Xiyangyang and Lerongrong, the mascots of the 15th National Games, who have just turned two. Also on display are 3D metal puzzles from Piececool and original characters Laura and the panda Mr. PA from ToyCity. Both companies behind these two brands are based in Dongguan, known as China’s designer toy capital. Also featured are Guangdong’s “three teas”: Yingde black tea, Chaozhou Dancong tea and Zijin cicada tea. Rich in positive symbolism, they offer a vivid introduction to Lingnan culture.

By introducing the products on display in this compact showcase, IP GUANGDONG will work with visiting journalists to explore the stories behind them and share with the world the message that “Guangdong products make the world better.”

Exploring Guangdong without leaving the venue

The IP GUANGDONG themed space also invites visitors to enjoy interactive experiences. Between assignments, journalists can relax and take away their own memories of Guangdong from the APEC China 2026.

At the center of the space, IP GUANGDONG has installed a photo booth where journalists can create personalized postcards featuring Guangdong’s landmarks and scenery. Visitors simply step inside, have their photo taken and choose their favorite Guangdong backdrop. Their custom postcard is generated on the spot, taking them on a virtual tour of the province without leaving the venue.

All 16 landmark images were captured by IP GUANGDONG creators. They include Zhao Junhui’s photograph of the Shenzhen International Exchange Center, the main APEC meeting venue; Liu Shihui’s image of Danxiashan in Shaoguan; Luo Jinping’s view of the “Sea of Pineapples” in Zhanjiang; and Qiu Xuqing’s photograph of the Zhongshan Memorial Pavilion in Shantou Small Park. Each image reveals a different facet of Lingnan’s beauty and reflects the platform’s vision: “Everyone creates, everyone showcases, everyone shares.”

IP GUANGDONG has also prepared 2,000 surprise gift bags for Chinese and international journalists. The bags contain Guangdong specialty snacks, everyday essentials, small cultural and creative gifts, and postcards from the “Snacks of Guangdong” series illustrated by guest contributor XiaoLin Comics. These gifts bring an element of surprise and fun to journalists’ day.

A space to connect: Say “Hello, friend!”

The APEC media center is both a place for Chinese and international journalists to work efficiently and a setting for face-to-face conversation and for sharing observations and experiences. The IP GUANGDONG themed space includes a dedicated area for interviews, discussions and cultural exchanges.

As visitors enter, they are greeted by the words “Hello, friend!” in 12 major languages used across APEC member economies.

On the columns flanking the space, IP GUANGDONG and Chinese tech brand HONOR present “Home Through the Lenses of Asia-Pacific Creators,” a collection of photographs created collaboratively by contributors from around the world. Images from across the Asia-Pacific are displayed alongside scenes of Lingnan, bringing different cultures into conversation through photography.

On the way from the work area to the dining area, journalists can enjoy a calming visual interlude at “Asia-Pacific Perspectives: Impressions of Guangdong,” an illustration exhibition jointly produced by IP GUANGDONG and China Daily. It features 40 selected works by illustrators from APEC member economies, including China, the US, Russia, Japan, Singapore and Indonesia. Guangdong’s streets and lanes, natural landscapes and the warmth of the Asia-Pacific family come to life in their illustrations. Journalists are invited to slow down, glimpse one another’s lives in familiar scenes, unwind and feel a little closer.

Don’t miss out! It’s giveaway time!

How to claim your IP GUANGDONG surprise gift bag

Dates and times: November 11–19, 9:30 a.m.–12:30 p.m. and 2:00–6:00 p.m.

How to claim: Scan the QR codes to follow IP GUANGDONG’s WeChat Official Account and WeChat Channels account. Then scan the registration QR code to join the platform and upload your first snapshot to receive a surprise gift bag.

Availability: Limited to 200 bags per day, on a first-come, first-served basis.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ip-guangdong-debuts-at-the-media-center-of-apec-economic-leaders-week-302939601.html

SOURCE South

Continue Reading

Technology

The First Cartridge-Free Smart Waterless Diffuser Is Here. What Would You Fill It With?

Published

7 hours ago

on

November 14, 2026

By

Lephrone set out to solve a frustration for customers who want smart control over their home fragrance and the freedom to choose their own oils. The H300 is the first waterless diffuser to combine cartridge-free refills, Wi-Fi app control, smart home integration, and an in-app fragrance oil library with scanning and personal notes. Customers can use their favorite compatible oils, create their own blends, and use the app to set a scenting schedule and track how much oil is left.

NEW YORK, Nov. 14, 2026 /PRNewswire-PRWeb/ — “There are thousands of fragrance oils out there, so why lock yourself into just one brand?” said a Lephrone developer.

“Lephrone took the best of the diffuser world and left the worst behind.”

We wanted to make a device for people who need a ritual to unwind and want more control over their surroundings. There’s a whole world of sensory experiences out there, and our goal was to bring the way you manage scent at home into the digital world.

With the H300 lephrone diffuser, we kept what we liked about smart cartridge-based diffusers: Wi-Fi connectivity, lephrone app, voice control, and the ability to recognize oils and track how much is left. We made sure it supports both 2.4 GHz and 5 GHz Wi-Fi. We also did away with what frustrated us most: never-ending subscriptions, cartridges that run out too quickly, and limits on which oils you can use. With the H300, you get to choose the oils you want and create blends you love.

We also added support for multiple users and multiple diffusers, so everyone in the household can control the devices and set schedules. The H300 can run even when it’s offline.

We’re releasing our own fragrances, too. In the app, you can scan them into your personal fragrance library and write down how a scent made you feel, whether you liked it, and what others at home thought of it. That matters because after trying a few oils, it’s easy to forget which one you loved most or which one everyone else kept asking for.

We’re rolling this out to more Lephrone models next. Stay tuned.

Media Contact

Elina, Lephrone, 1 6463844148, info@lephrone.com, Lephrone

View original content to download multimedia:https://www.prweb.com/releases/the-first-cartridge-free-smart-waterless-diffuser-is-here-what-would-you-fill-it-with-302939367.html

SOURCE Lephrone

Continue Reading

Trending