FRANKLIN WIRELESS CORP
For the period ended Mar 31, 2026. Filed May 15, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-12-31; filed 2026-02-17.
0001683168-26-001067
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesOther InformationCurrent report: 10-Q
Period ended 2026-03-31; filed 2026-05-15.
0001683168-26-003982
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 11 previous paragraphs and 11 current paragraphs.
8 unchanged; 1 reworded; 2 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
Industry-wide memory shortages and supply chain disruptions may adversely affect our operations. Industry-wide shortages have occurred in the memory market, which may affect the availability and lead times of memory components used in our products. These shortages are primarily driven by a significant increase in demand for specialized memory chips used in artificial intelligence (AI) applications. While the specific memory components we utilize differ from those used by AI companies, many memory manufacturers have reallocated their production capacity toward higher-margin AI-related products. This shift in manufacturing focus has decreased the available supply and extended lead times for the specific memory components required for our products.
Current report
We have experienced a significant reduction in demand from a major customer, which has materially impacted our revenue, and we may not be able to replace this revenue. During the quarter ended March 31, 2026, a major customer discontinued a key product that historically represented a significant portion of our revenue. We do not expect material future sales of this product to this customer. Our ability to replace this lost revenue depends on the successful development and commercialization of new products, including fixed wireless routers and telecommunications modules, which are in earlier stages of market adoption.
Removed paragraphs (2)
Previous report
During the quarter ended December 31, 2025, no director or officer of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Reworded paragraphs (1)
Previous wording
Shortages of components, such as memory, could significantly disrupt our production schedules and adversely affect our relationship with key customers. Industry-wide shortages have occurred in the memory market, which may affect the availability and lead times of memory components used in our products. These conditions have resulted in increased complexity in managing our production schedules. Our ability to deliver products to customers on a timely basis is critical, particularly for our Tier-1 carrier customers, who are highly sensitive to delivery timing and reliability. Any delays or disruptions in our supply chain could impair our ability to meet customer delivery schedules, and failure to meet such requirements could negatively impact customer relationships, order volumes, or future business opportunities**.**
Current wording
Such conditions have resulted in increased complexity in managing our production schedules. Our ability to deliver products to customers on a timely basis is critical, particularly for our Tier-1 carrier customers, who are highly sensitive to delivery timing and reliability. Any delays or disruptions in our supply chain could impair our ability to meet customer delivery schedules, and failure to meet such requirements could negatively impact customer relationships, order volumes, or future business opportunities.