Recent Updates — FATN
FatPipe, Inc. reported financial results for the quarter ended June 30, 2026. Q1 FY2027 revenue was $5.03 million, representing 28% growth compared to $3.9 million in the prior year period. Net income increased to $1.2 million from $0.7 million, with diluted net income per share rising to $0.09 from $0.05. Adjusted EBITDA reached $1.3 million, reflecting a 25.6% margin versus $1.1 million previously. The company operates in the technology sector, providing software-defined wide area networking (SD-WAN) and cybersecurity solutions.
FatPipe, Inc. CEO Dr. Ragula Bhaskar issued a letter to shareholders providing context regarding the company's recently filed Form S-3 registration statement and at-the-market (ATM) offering program. The company states that the registration statement provides capital access flexibility to support potential accretive acquisitions or working capital for large customer orders, and notes that no shares have been issued or capital raised under the ATM program to date. FatPipe, Inc. operates in the networking and cybersecurity software industry.
On July 21, 2026, FatPipe, Inc. announced it was awarded a contract valued at approximately $7.0 million to provide network edge products and network monitoring services to schools. The deployment aims to improve network availability and visibility for digital learning platforms and administrative systems. This contract expands the company's presence in the education and public-sector markets. FatPipe operates in the networking and cybersecurity industry, providing software-defined wide area networking (SD-WAN) and single-stack cybersecurity solutions.
FatPipe, Inc. entered into an At-The-Market Sales Agreement with H.C. Wainwright & Co., LLC on July 2, 2026, allowing the company to offer and sell common stock with aggregate gross sales proceeds of up to $10,000,000. The sales agent, H.C. Wainwright & Co., LLC, will receive a 3.0% commission on gross proceeds from each sale. FatPipe, Inc. is a technology company providing networking and security solutions for enterprise and enterprise-edge environments.