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FiEE, Inc. showed a big jump in sales, reaching about $9.6 million, and made a profit of $3.6 million.

ResultsRead the original at SEC EDGAR
Good for FIEE

FiEE's nine-month sales rose from $2.0 million to $9.6 million, and it returned to $3.6 million in profit. The share of sales left after direct costs fell from 83.0% to 76.3%, but sales growth and the profit turnaround make the report positive.

FIEE · FiEE, Inc.

AI read · Good for FIEE

The AI's read

FiEE’s move away from older hardware is bringing sales from several digital services. It had 939 customers for one service and $4.1 million in software service contracts, showing activity across more than one business line. The share of sales left after direct costs fell as the mix of services changed and costs for past spending rose. Still, FiEE made a profit in both the quarter and the first nine months, which outweighs the lower share.

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