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FATN

FatpipeA
Nasdaq / Software & Services
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2026-06-02
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2026-05-22
Investor release

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Earnings documents stored for FATN.

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Investor releaseQuarter not tagged2026-05-22

Zacks Small-Cap Research Raises FatPipe (NASDAQ:FATN) Valuation from $6.00 to $6.40 per Share Following Preliminary Fiscal Fourth Quarter Business Update

ACCESS Newswire

SALT LAKE CITY, UT / ACCESS Newswire / May 22, 2026 / FatPipe, Inc. (NASDAQ:FATN), today announced that Zacks Small-Cap Research has published an updated equity research report on the Company, raising its valuation of FatPipe from $6.00 to $6.40 per share. In the report, dated May 22, 2026, Zacks Small-Cap Research analyst Lisa Thompson stated that the revised valuation reflects FatPipe's recent fiscal fourth quarter results, increased revenue and earnings estimates, and the Company's continued progress in closing larger customer opportunities. "We are pleased to see Zacks Small-Cap Research recognize FatPipe's continued execution and the strength of our fourth quarter results," said Dr. Ragula Bhaskar, Chief Executive Officer of FatPipe. "The updated report highlights our progress in expanding our sales organization, closing larger opportunities, and strengthening our position as a differentiated provider of secure SD-WAN, integrated cybersecurity, and network resilience solutions." The updated Zacks Small-Cap Research report is available here FatPipe does not control the content of analyst reports and is not responsible for the opinions, estimates, conclusions, or recommendations expressed by third-party research analysts. Zacks Small-Cap Research's valuation, estimates, and opinions are those of Zacks Small-Cap Research and are subject to change without notice. Forward-Looking Statements Certain statements contained in this press release, may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, those described in FatPipe's filings with the U.S. Securities and Exchange Commission. Except as required by law, FatPipe expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of...

Investor releaseQuarter not tagged2026-05-22

FATN: FatPipe Releases Results for FYQ4 Ending March 31

Zacks Small Cap Research

By Lisa Thompson NASDAQ:FATN READ THE FULL FATN RESEARCH REPORT Ending FY2026 with a large contract and an excellent FYQ4 2026, FatPipe (NASDAQ:FATN) reported revenues up 17.8% to $19.2 million. The enlarged salesforce is bringing in bigger and more deals as it matures. Now at a count of 30, it continues to add staff. In FYQ4, the company recognized half of a new $7 million contract, with the other half expected to be recognized in FYQ1 2027, which should also be a very good quarter for the company. We are raising our revenue and earnings estimates to reflect sales success, plus an expected credit to taxes of $1.5 million in the year, bringing taxes to virtually nothing versus our original estimate of $930,000. For FY2027, we are now looking for $22.6 million in revenues and FY2027 EPS up to $0.49 per share, compared to our previous estimate of $0.21. Our new FY2028 estimate is now revenues of $26.7 million, and EPS of $0.51 as the company moves back to a normalized tax rate with NOLs still available. Given the increase in valuation of its peers and the increase in our 2026 calendar-year revenue estimate to $22.4 million, we are raising our current valuation from $6.00 to $6.40 per share. SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning. Please visit our website for additional information on Zacks SCR. DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks SCR provides and Zacks SCR receives payments totaling a maximum fee of up to $50,000 annually for these services provided to or regarding the issuer. Full Disclaimer HERE.

Investor releaseQuarter not tagged2026-05-18

FatPipe Inc. (FATN) Reports Q4 and FY2026 Results: 90% Y-o-Y Q4 Revenue Growth, Q4 Recurring Revenue up 56% Y-o-Y, Annual Revenue Growth of 18%

PR Newswire

SALT LAKE CITY, May 18, 2026 /PRNewswire/ -- FatPipe, Inc. (NASDAQ: FATN) ("FatPipe" or the "Company"), a pioneer and multiple patents holder in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN") and single-stack cybersecurity solutions, today announced its fourth quarter and fiscal year 2026 results for the period ended March 31, 2026. Q4 Highlights Q4 2026 revenue was $7.2M, representing 90% growth compared to $3.8M in Q4 2025 Q4 2026 net income was $4.0M compared to -$0.37M in Q4 2025 Q4 2026 Adjusted EBITDA was $3.1M compared to $0.2M in Q4 2025 Q4 2026 Monthly Recurring Billings grew 56% compared to Q4 2025, reflecting continued adoption of FatPipe's offerings Fiscal Year 2026 Highlights Revenue was $19.2M, representing 18% growth compared to FY2025 Net income was $5.0M, representing 154% growth compared to FY2025 Non-GAAP Net Income was $6.4M compared to $2.0M in FY2025 Diluted Net Income per share was $0.35, compared to $0.15 in FY2025 Non-GAAP Net Income per share was $0.46 compared to $0.15 in FY2025 Adjusted EBITDA for FY2026 was $5.4 million, representing an EBITDA margin of approximately 28%, reflecting operating leverage as the Company scales and invests in growth, compared to $4.0 million in FY2025 Financial Performance Revenue growth during the quarter was driven by increased recurring billings, customer renewals, and new customer wins. FatPipe continued to see strong demand from customers seeking secure, high-performance alternatives to legacy networking and security vendors. Management Commentary "Our fourth quarter results demonstrate the scalability of FatPipe's model and the progress we have made converting pipeline into revenue, profitability, and recurring billings growth," said Dr. Ragula Bhaskar, CEO of FatPipe. "We believe the combination of strong quarterly revenue growth, meaningful net income generation, and continued customer adoption of our offerings reflects both the strength of our technology and the expanding market need for secure, resilient enterprise connectivity. As we enter fiscal 2027, our focus remains on disciplined execution, channel expansion, and increasing the contribution from recurring software and cybersecurity revenue." "During the quarter, we saw customers continue to prioritize network resilience, application performance, and integrated security as core infrastructure r...

Investor releaseQuarter not tagged2026-05-01

FATN: FatPipe Releases Preliminary Results for FYQ4 Ending March 31

Zacks Small Cap Research

By Lisa Thompson NASDAQ: FATN READ THE FULL FATN RESEARCH REPORT Today, FatPipe Inc. (NASDAQ: FATN) said its preliminary revenues for FYQ4, ending March 31, 2026, would be in the range of $6.6 million to $7.0 million, and its adjusted EBITDA would fall between $3.0 million and $3.2 million. As a result, we are raising Q4 numbers to the midpoint of both. The company will report this quarter on May 18th after the close. This brings FYQ4 EPS up to $0.16 per share compared to our previous estimate of $0.06. Our FY2026 estimates are now revenues of $18.8 million, up 15.3%, and EPS of $0.23 compared to $0.15 the year before (up 51.9%). Adjusted EBITDA for the year is estimated at $5.5 million versus $5.0 million in FY2025. We will revisit our FY2027 numbers after the company reports. Given the increase in valuation of its peers and the increase in our 2026 calendar year revenue estimate, we are raising our current valuation from $5.00 to $6.00 per share. SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning. Please visit our website for additional information on Zacks SCR. DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks SCR provides and Zacks SCR receives payments totaling a maximum fee of up to $50,000 annually for these services provided to or regarding the issuer. Full Disclaimer HERE.

Investor releaseQuarter not tagged2026-05-01

FatPipe, Inc. Provides Preliminary Fourth Quarter Fiscal 2026 Results and Business Update; Schedules Earnings Release for May 18th, 2026

PR Newswire

SALT LAKE CITY, April 30, 2026 /PRNewswire/ -- FatPipe, Inc. (NASDAQ: FATN), a pioneer and multiple patents holder in enterprise-class software-defined wide area networking and cybersecurity solutions, today provided preliminary financial results for its fiscal quarter ended March 31, 2026, along with a business update ahead of its upcoming earnings release. Preliminary Financial Highlights Based on currently available information, FatPipe expects for the fourth quarter: 4th Quarter revenue in the range of $6.6 million to $7.0 million, representing approximately 79% YoY growth at the midpoint 4th Quarter Adjusted EBITDA in the range of $3.0 million to $3.2 million for Q4 FY2026 as compared to $0.2 million for Q4 FY2025 The Company's preliminary results reflect continued investment in sales efforts and ongoing expansion of its channel partnerships. These unaudited preliminary results are based on management's initial review and are subject to the completion of the Company's financial closing procedures and audit. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure will be provided with the Company's full financial results. Adjusted EBITDA should not be considered in isolation or as a substitute for GAAP measures. Upcoming Earnings Release and Conference Call FatPipe plans to release its full fiscal year 2026 financial results on May 18, 2026, after market close. Management will host a conference call and webcast to discuss the results: Date: May 18, 2026 Time: 4:15 PM to 4:45 PM ET Format: Investor Webinar Registration Link: https://events.teams.microsoft.com/event/36b2db48-b620-4895-ade5-94296ccee6f2@51ec01b9-4755-406d-a5cf-be0d14b56e66 Safe Harbor Statement This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company's expected financial results, anticipated revenue, margins, profitability, cash position, growth prospects, business strategy, market opportunity, product development, customer demand, sales pipeline, channel expansion, and the timing and results of the Company's fiscal year 2026 financial close and audit. These forward-looking statements are based on the Company's current expectations, estimates, forecasts, and projections, as well as the beliefs and assump...

Investor releaseQuarter not tagged2026-04-16

FatPipe, Inc. (NASDAQ: FATN) announces Investor Earnings Call to Present Fiscal Year 2026 Financial Results on May 18, 2026

PR Newswire

SALT LAKE CITY, April 16, 2026 /PRNewswire/ -- FatPipe, Inc. (NASDAQ: FATN) ("FatPipe" or the "Company"), a pioneer in enterprise-class software-defined wide area networking and cybersecurity solutions, is pleased to announce today that it will host an investor earnings call to present its financial results for the fourth quarter and full year of fiscal year ending March 31st, 2026. The investor webinar will be held on May 18, 2026, from 4:15 PM to 4:45 PM Eastern Time. Senior management will review the Company's Q4 and full year 2026 financial performance and provide business updates, followed by a brief question-and-answer session. Event Details Date: May 18, 2026 Time: 4:15 PM to 4:45 PM ET Format: Investor webinar Registration details and access information can be found here and will be made available on the Company's investor relations channels. Registration Link: https://events.teams.microsoft.com/event/36b2db48-b620-4895-ade5-94296ccee6f2@51ec01b9-4755-406d-a5cf-be0d14b56e66 Forward Looking Statements Certain statements contained in this earnings call, may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, those described in FatPipe's filings with the U.S. Securities and Exchange Commission. Except as required by law, FatPipe expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences. About FatPipe, Inc. FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for cooperation from ISPs and allow enterprises and service providers to control multi-link network traffic. FatPipe offers a single-stack networking and cybersecurity platform backed by 13 U.S. p...

Investor releaseQuarter not tagged2026-02-03

FatPipe Inc. (FATN) Reports Third Quarter Fiscal Year 2026 Results. Revenues up 30%, MRR up 48% Y-o-Y, and Cash Flow Positive

ACCESS Newswire

SALT LAKE CITY, UTAH / ACCESS Newswire / February 2, 2026 / FatPipe, Inc. (NASDAQ:FATN) ("FatPipe" or the "Company"), a pioneer and multiple patents holder in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN") and single-stack cybersecurity solutions, today announced its third quarter fiscal year 2026 results for the period ended December 31, 2025. Q3 Highlights Total revenue, including professional services, was $4.1 million, representing 30% growth compared to the third quarter of fiscal 2025 Monthly Recurring Billings grew 48% compared to the third quarter of fiscal 2025, reflecting continued adoption of FatPipe's subscription offerings Total Quarterly Billings increased 27% compared to the third quarter of fiscal 2025 Adjusted EBITDA for the three months ended December 31 was $0.59 million, representing an EBITDA margin of approximately 14%, reflecting operating leverage as the Company scales and invests in growth, compared to $0.57 million in the third quarter of fiscal 2025 Cash and cash equivalents as of December 31, 2025, were $6.2 million, providing flexibility to support continued growth initiatives Continued expansion of the sales organization and channel partner network to support growing pipeline activity Closed multiple large multi-site SD-WAN deployments across education, financial services, and enterprise verticals Financial Performance Revenue growth during the quarter was driven by increased recurring billings, customer renewals, and new customer wins. FatPipe continued to see strong demand from customers seeking secure, high-performance alternatives to legacy networking and security vendors. Management Commentary "This quarter reflects continued momentum in our business as we execute on our growth strategy," said Dr. Ragula Bhaskar, CEO of FatPipe. "We are seeing strong demand for our secure, high-performance SD-WAN and cybersecurity solutions, particularly from customers looking to modernize critical infrastructure while reducing complexity and cost. With growing recurring billings, expanding sales coverage, and a differentiated single-stack cybersecurity offering, we believe FatPipe is well-positioned for sustained long-term growth." "Our customers continue to deploy FatPipe at scale," added Sanchaita Datta, President and CTO of FatPipe. "During the quarter, we supported multiple large, complex depl...

TranscriptFY2026 Q32026-02-02

FY2026 Q3 earnings call transcript

Earnings source - 52 paragraphs
Vikrant Ragula

Hi everyone, thank you so much for joining FatPipe's Q3 fiscal year 2026 earnings call. I will go ahead and read the Safe Harbor statement. Certain statements contained in this earnings call, including statements relating to the company's expectations regarding the completion, timing, and size of its proposed public offering, and listing may constitute forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as may, will, expect, intend, anticipate, estimate, believe, continue, or other similar words. Listeners are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify.

Vikrant Ragula

These risks and uncertainties include but are not limited to risks and uncertainties associated with the consummation of the offering and other risks described in FatPipe's registration statement for the S-1. Except as required by law, FatPipe expressly disclaims the duty to provide updates to forward-looking statements whether as a result of new information, future events, or other occurrences. Now I will let Dr. Bhaskar, the CEO of FatPipe, conduct their earnings presentation.

Ragula Bhaskar

Good afternoon, everyone. My name is Ragula Bhaskar, and I'm the CEO of FatPipe. Thank you for joining us on this webinar call, the Q3 earnings call. We have updated SEC with the latest filings, and we are submitting we're also putting out a press release in a moment. The next slide, please. I would like to show the highlights for this quarter. Our total revenues was $4.1 million, representing a 30% growth. We want to make sure if the others are able to listen.

Speaker 3

Sure.

Ragula Bhaskar

Those who joined the webinar, if you could check that.

Vikrant Ragula

Yep.

Ragula Bhaskar

Okay. So the total revenues was up 30%. The monthly recurring billings grew 48% compared to last year's same quarter, reflecting a continued adoption of FatPipe's subscription model. Total quarterly billings increased 27% compared to last year, and then adjusted EBITDA for three months was $0.59 million, approximately 14% EBITDA compared to last year's $0.57 million. Cash equivalents were $6.2 million, providing us a flexibility to support growth, and then continued expansion of the sales organization and channel partner network to support growth and pipeline activity. We closed multiple large multi-site SD-WAN deployments across education, financial, and enterprise verticals. Next slide, please. Adjusted, again, the EBITDA was up 14% versus the 18% in the previous quarter, year-over-year, reflecting an increased investment in growth.

Ragula Bhaskar

In the nine months ending December 31st, EBITDA margin for nine months was about 21% versus 31%, again reflecting the investment in growth, which is starting to reflect in the top line. Net income was $310,000 compared to $84,000 last year, again due to higher revenues. And then net income ending December 31st of $1 million for nine months was lower compared to the previous year. A significant part of it was because of stock-based compensation expense.

Speaker 3

One thing I would like to caveat here, the stock-based compensation expense was recognized in the second quarter for the $625,000. The third quarter did not have stock-based compensation expense.

Ragula Bhaskar

Thank you. Next slide, please. This reflects the MRR and ARR growth as our strategy moves towards recurring revenue models. As you can see, there's been a growth in both MRR and annual and quarterly billing rates. We are happy with this progress as more customers adopt our recurring revenue model, while the bookings have been growing every quarter. New bookings. Next slide, please. This shows you the EBITDA numbers. These numbers are already in the 10-Q with the SEC. Next. Balance sheet has grown significantly, reflecting both the proceeds from the IPO as well as from operations. Cash flow for the last nine months was $132,000 Cash flow for the last three months was $240,000. Again, our focus is on growth and investment in growth, but we want to always keep it cash flow break-even. This quarter, of course, last quarter was a cash flow positive quarter. Next.

Ragula Bhaskar

This basically gives you the highlights of our financial performance for this past quarter. We are working towards making sure that this quarter also is a very good quarter. Again, these are personal aspirations, not projections.

Speaker 3

That concludes the presentation portion of the earnings call. We will now open it up for questions from the attendees on the phone. Vikrant will be managing the Q&A. So I'll ask the attendees, if you have any questions, please use the Q&A feature of the Zoom webinar to ask your questions, and we will start going through the Q&A as it comes in.

Ragula Bhaskar

Overall, while Vikrant is collecting the questions, we have been working towards building our other partner channels, so both in the traditional VAR channel, the solution provider channel, as well as the ISP channel. We have initiated those paths, and we have been hiring. As we told the Street, at the end of December, we had 24 salespeople, and the goal is this year to add another 12 salespeople in markets where we don't have a presence to bring it up to about 36 salespeople for our team. That should help in increasing the revenues for the company as well as expanding in different markets around the country. Vikrant, any questions?

Vikrant Ragula

Yes, Dr. Bhaskar. So first question we received is, what do you see as FatPipe's top strategic priorities for the next quarter, so Q4 fiscal year 2026?

Ragula Bhaskar

This coming quarter, the focus is on executing on all the orders that we have received as well as getting our salespeople to be productive and start to push more of our new products into the market.

Vikrant Ragula

Then received one additional question related to that. Where do you see FatPipe going six months from now, and what is your level of confidence in meeting the expectations you set?

Ragula Bhaskar

We are pretty confident, I should say, for the goals we have set for the next six months. We have orders coming in. The pipeline looks very good. The new people have become productive. And so I feel comfortable that the next six months should see continued growth for the company. And as we have excess cash flow, we will continue to invest in building our sales team further.

Vikrant Ragula

And then a question for Sanch. Can you explain the drop in deferred revenue this quarter while revenue has increased on the top line?

Sanchaita Datta

That's a very good question. Thank you for that. The deferred revenue was a traditional revenue that we had from our existing customers from the past. As these customers move to monthly recurring revenue model, that revenue portion is going to decline, and it is going to contribute towards our monthly recurring revenue, which is increasing quarter-over-quarter. We are encouraging our customers to move to a monthly recurring revenue model, and this is a positive trend that we are seeing from our customers.

Vikrant Ragula

Great. Thank you so much. And then for Dr. Bhaskar, FatPipe has been producing consistent product growth and very high gross margins. How sustainable do you see this trend going forward in the next few quarters?

Ragula Bhaskar

Our goal is to keep the margins up. However, if we get some big deals, big deals will require some level of discounting, as all of us know. So if those deals start coming in, you will see some lowering of gross profit margins, but that is going to be more than made up by total profit because the bigger deals don't need as much sales. Cost of sales will be less. So it'll balance out. Probably a lowering of gross margins will be more than offset by increase in gross profits.

Vikrant Ragula

Great. Thanks so much, Dr. Bhaskar. How do you see your outlook with your various partners looking for revenue contribution by partner? Do you think that your larger partners will continue to contribute the same percentage to sales going forward, or do you think direct sales and other channel sales strategies will also have contributed to your top line?

Ragula Bhaskar

We expect our largest partners to continue to contribute. However, having said that, we are also developing other partners who we have ignored in the last few years simply because we were focused on our large partner. We are adding salespeople to support the other large partners that we have signed up, but we didn't have the resources to invest. Now that we have resources to invest, we are going back and developing those partners. By the end of the year, you should see a nice tilt again into more balance. That's a good problem to have. We are happy we have that problem. We will build out other partners who were contributing, and we just want to bring them back up to a healthy level of production.

Vikrant Ragula

Thank you so much, Dr. Bhaskar. An additional question we received is, how does the company balance growth investment against maintaining positive cash flow? You have shown positive revenue growth compared to quarter this time. How do you anticipate this impacting cash going forward?

Ragula Bhaskar

The perfect scenario would be growth as well as cash flow break-even. Again, my goal is cash flow break-even for the next two years and reinvest the money in growth. But you'll find that as the growth goes up, you will have more positive cash flow. It's not going to be a perfect science of balancing cash flow versus growth. The emphasis is on growth because there is enough opportunity. The market is huge, and we feel that we are scratching the surface right now. So we feel comfortable that we can continue to invest in growth and see a positive return. But I always don't want to burn cash, so I want to be cash flow positive as much as possible.

Vikrant Ragula

Great. Thanks so much, Dr. Bhaskar. And on the sales headcount, you mentioned that you plan to continue to grow your sales headcount quarter over quarter as you have been doing historically in the last few quarters. What is your plan for sales headcount and your sales organization over the next few quarters?

Ragula Bhaskar

As we mentioned, we have multiple channels, multiple partners, and multiple territories where we don't have a presence. To put things in perspective, like I mentioned last time, there are 30 NFL cities, and we are not in most of them. So there's a huge opportunity to be in the large cities, add local people. And in each local state or each state and each market, there are multiple channels, right? So we can add 12 people and not make a big dent in terms of coverage. So we'll continue to add more people in more geographies and in verticals. The possibilities are pretty much endless in terms of how many people we can add into different markets without bumping into each other.

Vikrant Ragula

Thank you, Dr. Bhaskar. Next question is for Sanch. Are there any comments you can provide on current sales trends, and how is FatPipe navigating the political environment?

Sanchaita Datta

Being in technology, politics plays a little less of a role in our sales trajectory. And as U.S. markets continue to grow, U.S. economy continues to grow, I don't believe politics has had any impact on us in terms of the sales trends. We have shown that we have continued to grow over the last several quarters, and as you can see in the nine-month results as well. As Dr. Bhaskar said, our pipeline looks healthy, and 95% of our business is in the U.S. Given that and technology markets continuing to progress, we don't expect any impact of politics on our sales projections, sales projections, or sales outlook.

Ragula Bhaskar

If I may add, Sanch, it's more about us executing to what we told you we are doing, which is adding sales professionals with a solid experience in the business, solid Rolodex, come on and ramp up fast. So that is probably the most important thing for us. It's not about the size of the market, or it's not about the politics. So that's why we are heavily focused on our sales. Another question that had come up last time was acquisitions. We are interested in acquisitions. I know there are several people on the call who are investment bankers. We would love to talk to you if you bring in acquisitions that are attractive to the company, serving the same customer in terms of the buyer profile.

Vikrant Ragula

Thanks, Dr. Bhaskar. And one additional question we've received from the group is, have you integrated any AI-driven threat detection or behavioral analytics tools into your Total Security 360 product that you have on the market?

Ragula Bhaskar

That's a good question. We have added different AI models inside our cybersecurity. In fact, we have our own AI machines in our premises here. The reason for that is customer data. We don't like customer data leaving the customer premises or GDPR requirements. So let me give a simple example of application of AI. Some schools would obviously like to block any images, pornographic images. Now, those are very hard to normally determine if they're pornographic or not. And we have our own AI model that can take a look at these images and determine if they are naked images or images that shouldn't be presented to children. And therefore, we can then highlight those images as blocked and refuse to download those images.

Ragula Bhaskar

Besides all the different things we do for URL filtering for porn sites and sites that we shouldn't be sending children to, we also have a way of doing image analysis. That is all pure AI, as you can imagine, because it is not a cut-and-dry process. Yes, we have added the AI component to a very specific portion of cybersecurity and security needs of, say, schools or companies.

Vikrant Ragula

Dr. Bhaskar, one additional question is, what is it about FatPipe's suite of tech products that uniquely positions the company for continued and future growth? And how do you see durability holding up moving forward for FatPipe?

Ragula Bhaskar

FatPipe, if any of you have been using our products, you realize that we are always on top of the market, right? We develop technology before the customer asks for it. We develop technology that is unique, that serves a particular need for the customer even before the customer anticipates. So we have been with this for 20-some years. We have always been ranked number one. We just put out a press release that customer ratings we don't pay analysts, as you can imagine, but customer rates us always as number one for the product and for the features and for support. And the most recent one was Info-Tech SoftwareReviews where we were called off the charts in terms of our support for the customer and our ability to take care of the customer. So that is always going to be our priority, adding more features.

Ragula Bhaskar

For instance, the most unique thing is, as you all know, typically, all the cybersecurity companies do cloud-based solutions. The problem with cloud-based solutions is, 38% of the time, this was a study done by McAfee. 38% of the time, hospital healthcare companies said that they have difficulties accessing the cloud because of latency, jitter, and everything else. Most recently, you've seen that several cloud cybersecurity companies went down. Cloud providers have gone down. So the system is starting to creep. What we have introduced is, besides a cloud-based solution, an on-premise-based solution for cybersecurity. The advantage is everything is local to the customer. Jitter and latency is almost removed because most of the employees are in the office or very close to the office, and the data does not leave the building.

Ragula Bhaskar

That is of great importance to a lot of people because every week, you see articles about that data being exposed. We have made sure that this technology, this architecture is very much suited for high security of data and then also applying the same cybersecurity postures across all types of security: network security, cybersecurity, and email security. So now your email is also processed internally. We look at everything about your email, data loss prevention, any attachments that you're sending that are confidential or have keywords. And if you're receiving an attachment that has a virus or a phishing email, we can monitor that. By doing this comprehensive cybersecurity and network security and email security solution, we believe we are offering the best solution for cybersecurity out there.

Ragula Bhaskar

And now we are going to spend a lot of time pushing hard on this particular product offering because we feel it's far superior to these disparate systems being offered by different companies.

Vikrant Ragula

Thank you, Dr. Bhaskar. For Sanch, are you getting revenues from the new security products already, and are you planning to separate security and SD-WAN revenues in the future?

Sanchaita Datta

So as the revenues grow and we start categorizing our product with different products, we will separate the revenues by product in the future. At the present time, we do have revenue from our cybersecurity offering where we are providing firewalling, access control, geoblocking, all these functionalities to our customers. So yes, we are generating security revenue as well as SD-WAN revenue. At this time, we have not separated them, but in the future, as the company grows, as the revenues grow, we will consider separating them.

Vikrant Ragula

Great. Thank you, Sanch. And Dr. Bhaskar, do you see any growth? How do you see growth comparing between the mid-markets versus enterprise or SMB markets for FatPipe? And do you plan on targeting any of these markets going forward with a particular emphasis?

Ragula Bhaskar

We have different products for different customer markets, right? Our main SD-WAN product is for enterprise-class customers. However, having said that, small customers, single-location customers also use our SD-WAN products. We have so many features that different customer startups use different parts of the product. So to answer the question, we would go where the market is. Obviously, enterprise customers are high-margin customers, and the smaller, lower-market customers are more scattered, but they contribute there. It's an economic contribution from those customers too. And everybody needs cybersecurity. Everybody needs network security. And then we are also introducing a new set of services, and we will be announcing that this quarter. And so we are going to add more security services to customers that will benefit both across the enterprise to the lower-end mid-market and small customers. But security, everybody needs security. And people cannot afford the current cybersecurity providers.

Ragula Bhaskar

They charge ridiculous amounts of money per seat. You need a whole lot of bandwidth going back and forth. We believe that the lower-end customers need service and support because of our low-cost structure and we have expertise in providing on-premise products. Not everybody does anymore. For instance, we can take all the cybersecurity features. That's an amazing amount of features. We can pack it into a box that sits at the customer's site and can respond faster and can process thousands of emails, literally 20,000 emails I can process, and also thousands of sections. I'm able to do it in the box sitting on the customer's premise. That's the beauty of our architecture. We are able to do what the customer needs and more.

Vikrant Ragula

There is a question around the stock price and M&A activity. To be clear, we are aware of what the stock price is and do not plan to issue shares to do acquisitions. We will be balance sheet financing any acquisitions to avoid any dilution to the stock where it does not make sense to use equity in that case.

Ragula Bhaskar

Yes, I agree with that. Equity is not on the table. We do have good friends in the investment banking industry. If we are going to acquire something, it will be in the form of a note payable, in which case we will be using the cash flow from the acquired entity to finance a lot of the project. As we grow, we will continue to generate cash, and we'll have to do a delicate balance between additional investment and growth or needing the cash to pay for the acquisition. I have two Wharton graduates here who have worked in the industry with significant experience in investment banking and in consulting, management consulting.

Ragula Bhaskar

So they have seen between them 18 acquisitions, very large, of course, but they bring the same philosophy to the table to help figure out how to do an acquisition and how to finance an acquisition.

Vikrant Ragula

Thank you, Dr. Bhaskar. In terms of your cybersecurity product, do you see Palo Alto and CrowdStrike as competitors, or how do you think about the competitive landscape for your cybersecurity solution?

Ragula Bhaskar

Yeah. CrowdStrike does what it does, and it does extremely well. Palo Alto does what it does, and they do it extremely well. And they are the 800-pound gorillas in the industry. But as we all talked about, everyone has their sandbox. The focus is to thrive in your sandbox, take care of your customers, and have your cost structure such that you can offer an equivalent or better product at a lower price. There's somebody who told me once, it says, "Always be the mostest with the cheapest." And if I can provide the mostest with the best possible pricing, I will get my market while the big boys have their own cost structure.

Vikrant Ragula

Thank you, Dr. Bhaskar. I think those are the bulk of the questions in the chat. If anybody has any final questions, please feel free to add them to the Q&A.

Ragula Bhaskar

Again, thank you very much, everyone, for joining the call. We appreciate it. We look forward to your support of FatPipe. We will, on our side, continue to work to do a good job of growing the company, getting good margins, and more importantly, providing value to the customer and making sure the customer continues to like our product and rate us number one. That's probably the most important thing because if we can take care of our customer, the customer will take care of us. Thanks, everyone.

Vikrant Ragula

Thank you so much, everyone. That is the FatPipe Q3 2026 earnings call presentation. If you have any additional questions, please feel free to email us at [email protected]. We look forward to continuing to meet your expectations for FatPipe.

Sanchaita Datta

I.

Investor releaseQuarter not tagged2026-01-28

FatPipe, Inc. (NASDAQ: FATN) to Host Investor Webinar to Present Q3 Financial Results on February 2, 2026

ACCESS Newswire

SALT LAKE CITY, UTAH / ACCESS Newswire / January 28, 2026 / FatPipe, Inc. (NASDAQ:FATN) ("FatPipe" or the "Company"), a pioneer in enterprise-class software-defined wide area networking and cybersecurity solutions, today announced that it will host an investor webinar to present its financial results for the third quarter of fiscal year 2026. The investor webinar will be held on February 2, 2026, from 4:15 PM to 4:45 PM Eastern Time. Senior management will review the Company's Q3 financial performance and provide business updates, followed by a brief question-and-answer session. Event Details Date: February 2, 2026 Time: 4:15 PM to 4:45 PM ET Format: Investor webinar Registration details and access information can be found here and will be made available on the Company's investor relations channels. Registration Link: https://fatpipeinc.zoom.us/webinar/register/WN_4nKHbox6SeiulnPaUideBA Forward-Looking Statements Certain statements contained in this press release, including statements relating to the Company's expectations regarding its financial performance, business outlook, and future operations, may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," or "continue," or other similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are subject to various risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict. These risks and uncertainties include those described in FatPipe's filings with the Securities and Exchange Commission, including its registration statement on Form S-1, as amended from time to time. Except as required by law, FatPipe expressly disclaims any obligation to update or revise forward-looking statements. About FatPipe, Inc. FatPipe pioneered the concept of software-defined wide area networking and hybrid WAN technology that eliminates the need for cooperation from internet service providers and enables enterprises and service providers to control multi-link network traffic. FatPipe offers a single-stack networking and cybersec...

Investor releaseQuarter not tagged2025-11-05

FatPipe Reports Second Quarter Fiscal Year 2026 Results

ACCESS Newswire

Monthly Recurring Billings Grew 49% Sales Headcount Nearly Tripled From the Second Quarter of Fiscal 2025 to Second Quarter of Fiscal 2026 SALT LAKE CITY, UTAH / ACCESS Newswire / November 4, 2025 / FatPipe, Inc. (NASDAQ:FATN) ("FatPipe" or the "Company"), a pioneer in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN") solutions that provide high levels of reliability, security, and optimization for Wide Area Networks (WANs) and single-stack cybersecurity solutions, today announced its second quarter fiscal year 2026 results for the period ended September 30, 2025. Q2 Highlights Total revenue, including professional services, was $4.0 million, compared to $3.9 million in the first quarter of fiscal 2026. Monthly Recurring Billings for 2nd quarter fiscal 2026 grew 49%, compared to 2nd quarter fiscal 2025. Total Quarterly Billings for 2nd quarter fiscal 2026 grew 10%, compared to 2nd quarter fiscal 2025 Gross margin remained strong at 92% for the quarter. FatPipe nearly tripled sales headcount from the second quarter of fiscal 2025 to the second quarter of fiscal 2026. The new resources are expected to help increase sales in the coming quarters Due to two large deals in the 2nd quarter fiscal 2025, YoY revenue decreased by 29% for 2nd quarter fiscal 2026 compared to 2nd quarter fiscal 2025 EBITDA margin for the 6 months ended September 30, 2025, was 26% compared to 24% for the 6 months ended September 30, 2024. Completed a 210+ site SD-WAN deployment under a $1.4 million contract for a large U.S. school district and continued to expand in the education vertical. Completed a 108-site deployment for a large regional bank. "This was a solid quarter for FatPipe as we continued to execute our growth strategy while scaling as a new public company," said Dr. Ragula Bhaskar, CEO of FatPipe. "We saw healthy billings growth, increased contribution from recurring revenue, and strong interest from enterprises and public sector customers that are looking for secure, high-performance SD-WAN and cybersecurity alternatives to legacy vendors. With our focus on disciplined execution, expanding sales coverage, and leveraging our single-stack networking and cybersecurity portfolio, we believe we are well-positioned to drive long-term value for our shareholders." About FatPipe, Inc. FatPipe pioneered the concept of software-defined wide area...

Investor releaseQuarter not tagged2025-07-30

FatPipe Reports First Quarter Fiscal Year 2026 Results

PR Newswire

SALT LAKE CITY, July 30, 2025 /PRNewswire/ -- FatPipe, Inc. (NASDAQ: FATN) ("FatPipe" or the "Company"), a pioneer in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN") solutions that provide the highest levels of reliability, security, and optimization for Wide Area Networks (WANs), today announced its first quarter fiscal year 2026 results for the period ended June 30, 2025. Q1 Highlights Successfully completed initial public offering on the Nasdaq Capital Market Total product revenue grew 16.2% compared to the first quarter of fiscal 2025. Total revenue, including professional services, was $3.9 million, a 5% increase, compared to $3.8 million in the first quarter of fiscal 2025. FatPipe added to Russell 3000E and Russell Microcap Indexes Appointed key sales Vice Presidents to leadership team, adding decades of combined experience in networking technology, cybersecurity, sales, and finance Appointed CFO with finance and audit experience Received 2025 MSP Today Product of the Year Award for the Company's Total Security 360 cybersecurity product "This has been a pivotal quarter for FatPipe, our first as a public company, and I'm incredibly proud of the team's execution during this transformational period," said Dr. Ragula Bhaskar, CEO of FatPipe. "Despite the operational demands of our IPO, we delivered solid top-line growth and saw meaningful traction in our recurring revenue streams, demonstrating the strength and resilience of our business model. As we scale our sales organization and capitalize on renewed interest from enterprises seeking secure, high-performance SD-WAN alternatives to legacy vendors, we are well-positioned for accelerated momentum. With our strategic investments in go-to-market expansion and our award-winning cybersecurity offerings, we are committed to delivering long-term value for our shareholders." "Our technology roadmap continues to deliver for customers at scale," added Sanchaita Datta, President and CTO of FatPipe. "During the fiscal first quarter we completed a 252 site deployment for a large customer in record time. This implementation not only reinforces our commitment to critical infrastructure sectors, but it also expands our footprint in high-growth verticals where secure connectivity is essential. As demand for robust, scalable networking solutions continues to grow, FatPipe is pois...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook