Earnings Releases·Nov 13, 2026, 4:16 PM ET

FiEE, Inc. — Third Quarter 2026 Earnings Summary

Revenue surged 382.1% year-over-year to $9.6 million for the nine months ended September 30, 2026, driven by new SaaS, software services, and phygital art advisory segments, while gross margin decreased to 76.3% from 83.0% due to higher amortization and revenue mix changes.
The company achieved a significant profitability turnaround, reporting net income of $3.6 million and operating income of $3.8 million for the nine-month period, reversing prior-year net losses of $1.3 million and operating losses of $1.1 million.
Strategic execution includes a full transition from legacy hardware to a "Software First Model" leveraging AI and IoT, resulting in a rebrand from Minim, Inc. to FiEE, Inc. and the onboarding of 939 MCN customers and 32 software service clients.
Balance sheet strength improved with cash reserves rising to $5.2 million and total stockholders' equity increasing to $12.8 million, though accounts receivable grew to $4.6 million and contract liabilities declined to $101,896.