Company Summary: FatPipe Inc.

Business Overview

• Core Focus: Development and deployment of enterprise-grade, application-aware, secure SD-WAN (Software-Defined Wide Area Network) solutions.
• Target Customers: Enterprises, communication service providers, security service providers, government organizations, and middle-market companies globally.
• Main Offerings:
  • SD-WAN: Enables reliable, secure, and flexible wide-area networking by managing multi-line network traffic, providing rapid failover and bandwidth optimization.
  • SASE: Secure Access Service Edge solutions that combine networking and security functions into a cloud-delivered platform, including firewalls, geo-fencing, DDoS protection, encryption, web filtering, and cloud security.
  • NMS (Network Monitoring Service): Provides real-time network performance monitoring, device health status, and analytics for managing large-scale networks.
• Technology & IP: Holds over 13 patents covering SD-WAN capabilities, multi-path security transmission, failover, VoIP support, VPN security, and dynamic load balancing.

Business Operations

• Customer Base:
  • Over 2,500 end-user customers.
  • Diverse sectors including education, financial services, government, healthcare, hospitality, legal, manufacturing, retail, and transportation.
  • Customers range in size from small businesses to Fortune 1000 enterprises.
  • No single customer accounted for more than 10% of revenue in fiscal years 2024 or 2025.
• Geographic Presence:
  • Largest markets are the United States and India.
  • Plans to expand in North America, Southeast Asia, Mexico, and other Asian markets.
• Employees:
  • Total of 154 full-time employees as of June 30, 2025.
  • Geographic distribution: 57 in the US, 92 in India, and 5 in the Philippines.
  • No employees are unionized; management reports good employee relations.

Revenue & Financials

• Fiscal Year 2025 Results:
  • Total Revenue: approximately $16.29 million (a 9% decrease from $17.86 million in 2024).
  • Net Income: approximately $1.97 million (down from $4.37 million in 2024).
  • Gross Profit: about $15.23 million with a gross margin of 93%.
  • Operating Expenses: around $11.76 million (including sales & marketing, G&A, R&D).
  • Net Income attributable to stockholders: approximately $1.97 million.
• Revenue Breakdown (2025):
  • Product revenue: $10.71 million.
  • Service revenue: $3.11 million.
  • Consulting revenue: $2.47 million.
• Recent Major Event:
  • Initial Public Offering (IPO):
    • Occurred on April 9, 2025.
    • Offered 791,024 shares at $5.75 per share.
    • Gross proceeds: approximately $4.5 million.
    • Net proceeds: approximately $3.7 million.
    • Stock listed on Nasdaq under FATN.

Key Technologies & Patents

• Holds 13 patents related to SD-WAN and network security technology.
• Patents cover multi-path VPN, failover, VoIP routing, dynamic load balancing, and multi-path security.

Strategic Focus

• Expand presence in North America and Asia.
• Enhance and develop new SD-WAN security features and NMS capabilities.
• Grow customer base through reseller and channel partnerships across various geographies.
• Continue innovating in SD-WAN, SASE, and network monitoring solutions.

Summary

FatPipe Inc. develops enterprise networking solutions focused on SD-WAN, SASE, and network monitoring, serving a diversified, global end-user base with over 2,500 customers and approximately 154 employees. The company generated about $16.3 million in revenue for FY2025, with a net income of nearly $2 million. It went public in April 2025, listing on Nasdaq, and aims to expand its geographic and customer reach with ongoing product innovation.