One of the main concerns with $FN is that there is a gross margin ceiling.
They just did 12.2% gross margin (10.9% operating margin) which should make sense if you are familiar with the business.
On a traditional FN product, mgmt said roughly:
70-80% of COGS = materials
~20% =
Gaetano@Gaetano2026
One of the main concerns with $FN is that there is a gross margin ceiling. They just did 12.2% gross margin (10.9% operating margin) which should make sense if you are familiar with the business. On a traditional FN product, mgmt said roughly: 70-80% of COGS = materials ~20% =