FiEE, Inc. has announced a substantial financial turnaround for the third quarter of 2026, showcasing a remarkable 382.1% increase in revenue compared to the same period last year. The company reported revenue of approximately $9.6 million, alongside a net income of $3.6 million, reversing a previous loss. This financial performance highlights the company's successful transition to a software-as-a-service (SaaS) model, which is increasingly relevant in today's technology landscape.

Founded in Osaka, Japan, FiEE, Inc. operates in the prepackaged software sector, specifically focusing on delivering SaaS solutions that leverage the Internet of Things (IoT), connectivity, and artificial intelligence (AI). The company trades on the Nasdaq under the ticker symbol FIEE. Recent filings include a 10-Q report and multiple 8-K forms, reflecting the company's active engagement with its financial disclosures.

The recent 8-K filing, dated November 13, 2026, reveals that FiEE, Inc. issued a press release detailing its financial results for the fiscal quarter ending September 30, 2026. The filing states, "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." This significant increase is attributed to the company's strategic shift from traditional hardware operations to a focus on SaaS solutions, integrating AI and big data into its offerings.

As of September 30, 2026, FiEE had onboarded 939 customers for its SaaS services, generating total service fees of $9.2 million. The company recognized $3.7 million in revenue from this segment during the nine-month period. Additionally, revenue from software services reached $2.3 million, while its phygital art advisory services generated $3.5 million, marking a substantial increase from zero revenue in the same period of 2025.

The impressive growth in revenue has also positively impacted the company's gross profit, which amounted to approximately $7.3 million for the nine months ended September 30, 2026, compared to $1.6 million in the same period of 2025. However, the gross margin saw a decline to 76.3%, down from 83.0% in the previous year, primarily due to changes in the revenue mix and increased amortization costs.

Looking ahead, FiEE, Inc. is poised to continue its growth trajectory as it expands its SaaS offerings and further develops its phygital art advisory services. The filing does not specify immediate next steps, but the company’s recent performance suggests a strong foundation for future endeavors in the rapidly evolving tech landscape.