Jun. 13 at 4:56 AM
$FATN 🚀🚀🤑
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.
