Core Viewpoint - UTStarcom reported a significant decline in financial performance for the first half of 2025, with revenues and gross profits decreasing year-over-year, while the company continues to pursue growth opportunities through new client development and support for existing customers [3][5][9]. Financial Results - Total revenues for the first half of 2025 were $4.6 million, down 19.3% from $5.7 million in the first half of 2024 [5]. - Gross profit decreased to $0.8 million, representing 16.2% of net sales, compared to $1.7 million and 30.0% in the same period of 2024 [9][24]. - Operating expenses were reduced to $4.9 million from $5.3 million year-over-year, reflecting cost control measures [10][17]. - The operating loss increased to $4.2 million from $3.6 million in the prior year [11]. - Net loss attributable to shareholders was $3.7 million, compared to $2.0 million in the first half of 2024, with a basic net loss per share of $0.41 versus $0.22 [14][24]. Business Highlights - UTStarcom secured a major contract with the Guangdong Research Institute of China Telecom for the production of disaggregated router hardware platforms, essential for supporting China Telecom's 5G services [7]. - The company received multiple maintenance and warranty support orders related to its deployed solutions, indicating ongoing customer engagement [7]. - Expansion orders were noted, including a PTN network expansion for a European mobile operator and an IMS Broadband Core solution expansion for a key Indian customer [7]. Sales Performance - Net equipment sales were $0.5 million, a decrease of 31.6% from $0.8 million in the same period in 2024, primarily due to lower sales in India [8]. - Net services sales were $4.1 million, down 16.9% from $4.9 million in the prior year, attributed to the completion of current projects and lack of new major projects in India [8]. Cash Flow and Balance Sheet - Cash used in operating activities was $4.5 million, with a cash balance of $49.2 million as of June 30, 2025, down 12.1% from $56.0 million at the end of 2024 [15][21]. - Total assets decreased to $62.9 million from $68.2 million at the end of 2024, with total liabilities also declining [21][22].

Registration No. 333-280925 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FATPIPE, INC. Ragula Bhaskar Sanchaita Datta FatPipe, Inc. 392 East Winchester Street, Fifth Floor Salt Lake City, Utah 84107 (801) 281-3434 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Utah 7372 27 ...

Registration No. 333-280925 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FATPIPE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Utah 7372 27-1113325 (I.R.S. Employer Identification Number) 392 East Winchester Street, Fifth Floor Salt Lake City, Utah 84107 (801) 281-3 ...

Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FATPIPE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Utah 7372 27-1113325 (I.R.S. Employer Identification Number) 392 East Winchester Street, Fifth Floor Salt Lake City, Utah 84107 (801) 281-3434 + 1(801) 560-2003 (Ad ...