FatPipe Q1 Revenue Jumps 28% to $5M, Net Income Hits $1.2M
FATN has more than doubled off its 52-week low of $1.31 on light trading volume (0.1× avg).
Summary
FatPipe's Q1 FY2027 revenue rose 28% to $5.03M with net income of $1.2M, but cash declined. A $20M shelf and $10M ATM program were filed after quarter-end.
Key Events · Earnings and Guidance · FATN
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Revenue Up 28% to $5.03M
Driven by a 47.9% jump in product revenue to $3.54 million, Q1 FY2027 revenue reached $5.03 million—a 27.8% increase from $3.94 million in the prior year.
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Net Income of $1.2M
Net income attributable to FatPipe stockholders was $1.23 million, or $0.09 per share, compared to $0.75 million, or $0.05 per share, a year ago. The quarter included a $371,000 income tax benefit from NOL utilization.
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Adjusted EBITDA Rises 18%
Adjusted EBITDA came in at $1.29 million, up from $1.09 million, reflecting higher revenue and the add-back of $204,000 in stock-based compensation.
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Cash Used in Operations
Net cash used in operating activities was $679,000, driven by growth in contracts receivable and inventory. Cash and equivalents ended the quarter at $4.3 million, down from $5.2 million at March 31, 2026.
Analysis · FATN · Technology
A strong start to FY2027 saw FatPipe's revenue climb 28% year-over-year to $5.03 million, while net income reached $1.2 million, fueled by a 48% surge in product sales. The bottom line also benefited from a $371,000 income tax benefit tied to NOL utilization. On the cash front, operations used $679,000, and the cash balance slipped to $4.3 million. After the quarter closed, the company filed a $20 million shelf registration and a $10 million ATM program—moves that could dilute shareholders but offer capital flexibility.
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In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FATN was trading at $5.34 on NASDAQ in the Technology sector, with a market capitalization of approximately $71.8M. The 52-week trading range was $1.31 to $10.77. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.