Hidden Clues on Franklin Wireless Corp. (OTC BB:FKWL)

Wednesday, February 17, 2010, 2:39 PM ET -

Franklin Wireless Corp. (OTC BB:FKWL) was coded as GeoSpecial at $1.90 based on break out quarter.

It appears that Franklin Wireless Corp., an emerging developer and marketer of wireless broadband data communications products, is about to report a break out quarter. The company filed a NT 10Q (late filing notice) where it indicates that sales for its fiscal second quarter ended December 2009 exploded to $25.0 million vs. $4.6 in the prior year. To put this into perspective, FKWL reported revenues of $24 million for all of it’s 2009 year ended in June.

Potential risks:

•   No details were provided on net income
•   Not sure if this is a one time event
•   The company does not generally issue press releases, so news could fall on deaf ears.

We will issue more details once they become available.

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Positions: Long FKWL

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