FiEE, Inc. (FIEE) Stock

FiEE, Inc. (FIEE) is a Technology stock trading at $4.65 (as of 2026-08-20), with a market capitalization of $39.66M and a trailing P/E of 25.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

FiEE, Inc. develops and sells an Internet of Things security platform and related networking hardware, including cable modems, modem/routers, gateways, broadband and wireless routers, and local area network devices. It also offers the Minim mobile app and web platform for monitoring and remote support, plus Minim API and MinimOS for partners.

Understand FiEE, Inc.: how it makes money

FiEE, Inc. designs and sells an Internet of Things (IoT) security platform that includes networking hardware (such as cable modems, modem/routers, gateways, wireless routers, and related adapters) and software, including Minim mobile applications, and it makes money through software services and digital authentication services tied to its platform customers.

The business model appears to monetize platform adoption, where growth depends on converting Software as a Service customer onboarding and digital authentication clients into recurring software services and digital authentication service revenue.

Revenue by segment (latest quarter)
SaaS Multi-Channel Net	$0.0B
Software Services	$0.0B
Digital Auth Services	$0.0B

Business quality (Strong): The company reports operating margins and gross margins in the dataset, but the provided segment and total revenue for 2026-03-31 is 0.0B, so the quarter shows limited disclosed monetization alongside measurable customer counts.

Valuation: At 20× earnings, FIEE trades 60% below the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

SaaS onboarding provides a visible adoption funnel: The latest-quarter KPI shows 818.0 Software as a Service Customers Onboarded, giving a concrete indicator of platform uptake.
Reported profitability metrics are relatively strong: For the latest quarter in the dataset (2026-03-31), gross margin is 70.4% and operating margin is 20.1%.

Bear case

Reported software revenue lines are 0.0B in the dataset: Software Services Revenue and Digital Authentication Services Revenue are shown as 0.0B for 2026-03-31, limiting what investors can infer about current monetization.
Customer counts may not translate into monetized software revenue (yet): The dataset shows customer and client counts (for example, 17.0 Software Services Customers and 57.0 Digital Authentication Clients), while the related revenue lines are reported as 0.0B for the quarter.

Valuation — source: SEC EDGAR (first-party)
Price	$4.65
Market Cap	$39.66M
P/E Ratio	25.3
EV / EBITDA	13.9
Price / Book	3.53
Price / Sales	4.44
FCF Yield	2.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$6.19M
Net Margin	17.3%
Revenue Growth (YoY)	867.9%
EPS Growth (YoY)	-109.0%

Financial Health — source: SEC EDGAR
Altman Z-Score	-5.81 (distress)

Valuation vs Sector & Industry
Stock P/E	25.3
Sector P/E (Technology)	33.9
Industry P/E (Electronic Equipment)	39.4
vs Sector	-25.6%
vs Industry	-35.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($75933.00)
Institutional Holders Tracked	6

Company
Sector	Technology
Industry	Electronic Equipment
CEO	Wai Chung Li
Employees	43
Country	US
IPO Date	2009-10-07

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Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.