Core Viewpoint - FatPipe, Inc. has reported solid financial performance in its first quarter as a public company, highlighting growth in product revenue and a strong business model that positions the company for future success [3][4]. Q1 Highlights - The first quarter of fiscal year 2026 marked a pivotal moment for FatPipe as it was the company's first quarter post-IPO, showcasing strong execution and growth [3]. - The company experienced a 16.2% increase in total product revenue compared to the same quarter in fiscal 2025 [4][8]. - Total revenue, including professional services, reached $3.9 million, reflecting a 5% increase from $3.8 million in the same period last year [4][8]. - Gross margin improved to 94%, up from 92% in Q1 FY25, attributed to customer contract extensions [4]. Financial Performance - Net income for the quarter was $0.7 million, a 22% increase from $0.6 million in Q1 FY25, driven by strong top-line growth [5]. - Adjusted EBITDA was reported at $1.1 million, a 10% increase from $1.0 million in Q1 FY25 [5]. - Cash and cash equivalents stood at $5.9 million as of June 30, 2025, significantly up from $2.9 million on March 31, 2025, due to IPO proceeds [5]. Strategic Developments - FatPipe completed a significant deployment of 252 sites for a large customer, enhancing its presence in critical infrastructure sectors and high-growth verticals [3]. - The company has made strategic investments in expanding its sales organization and enhancing its cybersecurity offerings [3]. - FatPipe was added to the Russell 3000E and Russell Microcap Indexes, indicating its growing market presence [8]. - The company appointed key sales Vice Presidents and a CFO with extensive experience in networking technology, cybersecurity, sales, and finance [8]. Awards and Recognition - FatPipe received the 2025 MSP Today Product of the Year Award for its Total Security 360 cybersecurity product, underscoring its commitment to innovation and excellence in the cybersecurity space [8].