Fatpipe Inc/UT NASDAQ: FATN reported first-quarter fiscal 2027 sales growth of about 27% and income growth of roughly 65% from the prior-year period, while earnings per share increased to $0.09 from $0.05, Chief Executive Officer Ragula Bhaskar said during the company's earnings call.
FATN has a subscription-based SD-WAN, SASE, and NMS suite that's built on patented MPVPN/MPSec bonding engines. The company went public in April 2025 at $5.75 per share, which has now more than doubled to roughly $11.35. While they distribute their suite of network solutions through several partners, in reality just two of them account for 49.5% of total revenues, indicating some revenue concentration risks.