Fatpipe Inc/UT

FatPipe, Inc. CEO, Dr. Ragula Bhaskar, issued a letter to shareholders clarifying the company's recently filed Form S-3 registration statement and at-the-market (ATM) offering program. The CEO stated that the S-3 provides flexibility to access capital for potential accretive acquisitions or large customer orders. He also confirmed that no shares have been issued or capital raised under the ATM program to date, and any future utilization would prioritize shareholder value.

FatPipe, Inc. announced it was awarded a $7.0 million contract to supply network edge products and network monitoring services to schools. This initiative aims to enhance network availability and visibility, ensuring schools maintain access to essential digital learning platforms and administrative systems. The contract expands FatPipe's footprint in the education and public-sector markets, demonstrating the value of its technology in supporting large, distributed networks.

FatPipe, Inc. has entered into an At-The-Market Sales Agreement with H.C. Wainwright & Co., LLC to offer and sell shares of its common stock. The company may raise up to $10,000,000 in gross sales proceeds through this ATM offering. Wainwright will act as the sales agent and receive a 3.0% commission on gross proceeds, with sales conducted as "at the market offerings" under Rule 415.

Fatpipe Inc. completed its Initial Public Offering (IPO) on April 9, 2025, selling an aggregate of 695,656 shares of common stock at an initial public offering price of $5.75 per share. The company specializes in enterprise-class SD-WAN and integrated single-stack cybersecurity solutions, holding 13 U.S. patents and 7 U.S. trademarks. Fatpipe serves over 2,500 customers globally, with significant revenue concentration from a few channel partners, and is planning expansion in North America, Southeast Asia, and Mexico.

FatPipe Inc. reported strong financial results for the fourth quarter and fiscal year ended March 31, 2026. Q4 2026 revenue surged 90% year-over-year to $7.2M, with net income reaching $4.0M. Monthly Recurring Billings also saw a 56% increase in Q4. For the full fiscal year 2026, revenue grew 18% to $19.2M, and net income increased by 154% to $5.0M, reflecting strong customer adoption and operational leverage.

FatPipe, Inc. (FATN) released preliminary financial results for its fourth quarter ended March 31, 2026, projecting revenue between $6.6 million and $7.0 million, an approximate 79% year-over-year growth at the midpoint. The company also anticipates Adjusted EBITDA in the range of $3.0 million to $3.2 million for the quarter. These preliminary figures are attributed to ongoing investments in sales and expanding channel partnerships. FATN plans to release its full fiscal year 2026 results on May 18, 2026, followed by an investor conference call.