FiEE, Inc. Q1 2026 Financial Results: Revenue Growth to $2.1M with Profit Turnaround

FiEE, Inc. filed an 8-K on April 30, 2026, announcing its first quarter 2026 financial results. The company reported a significant turnaround with revenue reaching $2.1 million, compared to just $125 in the same period last year. This dramatic growth reflects FiEE's successful strategic transition from legacy hardware operations to software-as-a-service (SaaS) solutions, customized software R&D services, and digital authentication services. The company achieved a gross margin of 70.4% and reported net income of approximately $0.4 million, reversing a $0.4 million loss from the prior year period. Key drivers included SaaS-MCN digital services ($1.1M), software services ($0.6M), and digital authentication services ($0.4M). As of March 31, 2026, FiEE had approximately 818 SaaS customers and 17 software service customers. The company ended the quarter with $4.6 million in cash and cash equivalents, up from $3.1 million at year-end 2025.