Thu, Apr 10, 8:03 PM (16 days ago)
**FiEE, Inc. (MINM) 2024 Annual Report Summary** **Financial Performance:** - **Revenue:** $639,893 (down 97.5% from $26.1 million in 2023). - **Net Income:** $(4.2 million) (improved from $(17.6 million) in 2023). - **Operating Expenses:** $4.4 million (down 87.3% from $17.7 million in 2023). - **Earnings per Share:** $(1.34) (improved from $(8.65) in 2023). **Strategic Overview:** - Transitioned from legacy consumer networking and intelligent software services to digital content management and brand growth strategies. - Focus on integrating AI and data analytics into content creation and brand management. - Services include digital account management, content operations, and community engagement. **Future Outlook:** - Plans to generate revenue through new business operations focused on AI and data analytics. - Expects to manage expenses in relation to future revenues. - Seeking additional funding through equity or debt financing. **Risk Factors:** - Significant doubt about the ability to continue as a going concern. - Dependence on additional capital to finance operations. - Risks associated with acquisitions and market position changes. - Suspension from trading on the Nasdaq due to non-compliance with listing requirements. **Financial Condition:** - Cash and cash equivalents: $30,162 (down from $709,322 in 2023). - Working capital: $(0.3 million). - Net loss: $4.2 million. - Substantial doubt about the ability to continue as a going concern. **Market Position Changes:** - Suspended from trading on the Nasdaq due to failure to meet stockholders' equity requirement. - Trading on the OTC Pink Market. - Seeking to resume trading on the Nasdaq or another exchange. **Ticker:** MINM (OTC Pink) **Full Name:** FiEE, Inc. (formerly Minim, Inc.)