FiEE (formerly Minim) reported FY2024 net sales of $0.6 million, down 97.5% YoY from $26.1 million, with a net loss of $4.2 million compared to $17.6 million loss in 2023. The significant revenue decline was primarily attributed to decreased sales of Motorola branded products following license termination. Gross margin improved to 32.4% from 1.8% in 2023, while operating expenses decreased 87.3% to $4.4 million.The company has pivoted its business model, transitioning from consumer networking hardware to becoming a digital service provider focused on AI-driven content creation and brand management. In February 2025, FiEE completed a strategic transaction with new investors through a securities purchase agreement, involving the sale of preferred stock and warrants, strengthening its capital structure.In March 2025, FiEE entered into a non-binding LOI to acquire Suzhou Yixuntong Network Technology, aiming to expand its digital content management capabilities. The company faces ongoing liquidity challenges with cash balance of $30,000 as of December 31, 2024, and management has indicated substantial doubt about its ability to continue as a going concern without additional funding.

FiEE (formerly Minim) reported FY2024 net sales of $0.6 million, down 97.5% YoY from $26.1 million, with a net loss of $4.2 million compared to $17.6 million loss in 2023. The significant revenue decline was primarily attributed to decreased sales of Motorola branded products following license termination. Gross margin improved to 32.4% from 1.8% in 2023, while operating expenses decreased 87.3% to $4.4 million.The company has pivoted its business model, transitioning from consumer networking hardware to becoming a digital service provider focused on AI-driven content creation and brand management. In February 2025, FiEE completed a strategic transaction with new investors through a securities purchase agreement, involving the sale of preferred stock and warrants, strengthening its capital structure.In March 2025, FiEE entered into a non-binding LOI to acquire Suzhou Yixuntong Network Technology, aiming to expand its digital content management capabilities. The company faces ongoing liquidity challenges with cash balance of $30,000 as of December 31, 2024, and management has indicated substantial doubt about its ability to continue as a going concern without additional funding.