FKWL — what changed in the latest 10-Q
A section-by-section comparison of FKWL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-15 vs the prior 10-Q · 2026-02-17
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −24 | ~2 | 11 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | Some risk factors updated | +3 | −1 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-15
During the quarter ended March 31, 2026, we experienced a significant reduction in expected future demand from one of our major customers related to a legacy hotspot product. This decrease in demand was caused by difficulties working with an intermediary company regarding late payments, as well as o…
Recent regulatory developments involving restrictions on certain foreign-manufactured telecommunications and networking equipment may impact the approval, importation, or commercialization of certain future wireless products. The Company is continuing to evaluate the applicability of these developme…
THREE MONTHS ENDED MARCH 31, 2026 COMPARED TO THREE MONTHS ENDED MARCH 31, 2025
Net sales in North America decreased by $4,564,423, or 57.0%, to $3,442,614 for the three months ended March 31, 2026 from $8,007,037 for the corresponding period of 2025. The decrease in net sales in North America was primarily due to the discontinuation of a key product by a major carrier customer…
GROSS PROFIT - Gross profit decreased by $800,436, or 59.1%, to $553,444 for the three months ended March 31, 2026 from $1,353,880 for the corresponding period of 2025. The gross profit in terms of net sales percentage was 16.1% for the three months ended March 31, 2026 compared to 16.9% for the cor…
Text removed vs the prior filing · source: 10-Q · 2026-02-17
Net income attributable to Parent Company stockholders 4.5% 1.3% 4.7% 2.4%
THREE MONTHS ENDED DECEMBER 31, 2025 COMPARED TO THREE MONTHS ENDED DECEMBER 31, 2024
NET SALES - Net sales decreased by $5,898,234, or 33.1%, to $11,928,864 for the three months ended December 31, 2025 from $17,827,098 for the corresponding period of 2024. For the three months ended December 31, 2025, net sales by geographic regions, consisting of North America and Asia, were $11,92…
Net sales in North America decreased by $5,900,176, or 33.1%, to $11,926,922 for the three months ended December 31, 2025 from $17,827,098 for the corresponding period of 2024. The decrease in net sales in North America was primarily due to decreased demand from our major carrier customers, which ty…
GROSS PROFIT - Gross profit decreased by $1,208,002, or 37.3%, to $2,034,060 for the three months ended December 31, 2025 from $3,242,062 for the corresponding period of 2024. The gross profit in terms of net sales percentage was 17.1% for the three months ended December 31, 2025, compared to 18.2% …
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-05-15
Industry-wide memory shortages and supply chain disruptions may adversely affect our operations. Industry-wide shortages have occurred in the memory market, which may affect the availability and lead times of memory components used in our products. These shortages are primarily driven by a significa…
Such conditions have resulted in increased complexity in managing our production schedules. Our ability to deliver products to customers on a timely basis is critical, particularly for our Tier-1 carrier customers, who are highly sensitive to delivery timing and reliability. Any delays or disruption…
We have experienced a significant reduction in demand from a major customer, which has materially impacted our revenue, and we may not be able to replace this revenue. During the quarter ended March 31, 2026, a major customer discontinued a key product that historically represented a significant por…
Text removed vs the prior filing · source: 10-Q · 2026-02-17
Shortages of components, such as memory, could significantly disrupt our production schedules and adversely affect our relationship with key customers. Industry-wide shortages have occurred in the memory market, which may affect the availability and lead times of memory components used in our produc…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice