Fatpipe Inc
FATNTechnology·Software - Infrastructure·USA·Micro·NASD·Nov 11 • 3:58 PM ET
Price
FATN against its 20, 50 and 200-day averages44.3% under the 52-week high of 8.61 on 28 May 2026. 52-week low 1.31 on 3 Mar 2026. Last 15 sessions, 41.7% high to low
Volume 0.46× normal · the line is the 50-bar volume average
Profile
FATNFatPipe, Inc. engages in the development of software-defined wide area network (SD-WAN) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and other middle-market companies. Its products include WARP, MPVPN, SD-WAN, Fatpipe Orchestrator, Next Gen Firewall, 5G and LTE, FatPipe Total Security 360, SASE, SIEM, EnterpriseView, and Cloud Connect. The company was founded by Ragula Bhaskar and Sanchaita Datta on October 14, 2010 and is headquartered in Salt Lake City, UT.
| Employees | 172 |
|---|---|
| IPO | Apr 08, 2025 |
| Beta | 2.99 |
| ATR, 14d | 0.37 |
| Rel volume | 0.46 |
| Short float | 1.20% |
| Insider own | 55.64% |
| Inst own | 5.73% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 67.67M |
| Enterprise Value | 70.02M |
| Income | 6.70M |
| Sales | 21.18M |
| Book/sh | 1.96 |
| Cash/sh | 0.22 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | 0.00% |
| Employees | 172 |
| IPO | Apr 08, 2025 |
Ratios
| P/E | 10.05 |
|---|---|
| Forward P/E | 9.21 |
| PEG | 0.19 |
| P/S | 3.20 |
| P/B | 2.44 |
| P/C | 21.83 |
| P/FCF | - |
| EV/EBITDA | 15.09 |
| EV/Sales | 3.31 |
| Quick Ratio | 4.91 |
| Current Ratio | 5.13 |
| Debt/Eq | 0.20 |
| LT Debt/Eq | 0.16 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | 0.48 |
|---|---|
| EPS next Y | 0.52 |
| EPS next Q | 0.07 |
| EPS this Y | 29.29% |
| EPS next Y | 14.92% |
| EPS next 5Y | 49.10% |
| EPS past 3/5Y | 18.65% - |
| Sales past 3/5Y | 6.74% - |
| EPS Y/Y TTM | 1438.06% |
| Sales Y/Y TTM | 42.73% |
| EPS Q/Q | 2841.94% |
| Sales Q/Q | 22.10% |
| Earnings | Nov 04 AMC |
| EPS/Sales Surpr. | 71.43% -2.29% |
Ownership
| Insider Own | 55.64% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 5.73% |
| Inst Trans | 43.63% |
| ROA | 19.81% |
| ROE | 27.51% |
| ROIC | 20.80% |
| Gross Margin | 76.77% |
| Oper. Margin | 20.46% |
| Profit Margin | 31.64% |
| SMA20 | -4.94% |
| SMA50 | -9.45% |
| SMA200 | 11.75% |
| Trades | - |
Technical
| Shs Outstand | 14.13M |
|---|---|
| Shs Float | 6.27M |
| Short Float | 1.20% |
| Short Ratio | 1.32 |
| Short Interest | 0.08M |
| 52W High | 8.61 -44.34% |
| 52W Low | 1.31 265.65% |
| Volatility | 8.85% 7.29% |
| ATR (14) | 0.37 |
| RSI (14) | 43.79 |
| Beta | 2.99 |
| Rel Volume | 0.46 |
| Avg Volume | 57.09K |
| Volume | 26,309 |
Performance
| Perf Week | -6.08% |
|---|---|
| Perf Month | -3.43% |
| Perf Quarter | -26.65% |
| Perf Half Y | 15.70% |
| Perf YTD | 137.13% |
| Perf Year | 84.23% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 9.93 |
| Prev Close | 4.54 |
| Price | 4.79 |
| Change % | 5.51% |
Analyst ratings
latest 1 of 1| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Sep 10, 2026 | Initiated | RRoth Capital | Buy | $8 | +67.0% |
Peers
Mkt capInsider trading
1 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Bhaskar Ragula | Director | Mar 03 '26 | Buy | 1.45 | 20,000 | 29,000 | 2,305,766 | Mar 25 11:18 AM |
Held by
AUMNews
latest 14 of 136- FatPipe Doubles Consensus EPS, But Slowing Growth, Margin Slippage And A Slow Contract Ramp Temper The Beat (Earnings Whispers) -10.39%
- FatPipe, Inc. (FATN) Reports Q2 FY2027 Results: 22% Y-o-Y Q2 Revenue Growth and 24.1% Adjusted EBITDA Margin (PR Newswire)
- FatPipe Faces A Test Of Whether Last Quarter's Profit Jump Can Hold Up (Earnings Whispers) -5.36%
- FatPipe, Inc. (NASDAQ: FATN) is Pleased to Announce Its Investor Webinar on November 4 to Present Q2 Financial Results (PR Newswire)
- FatPipe (NASDAQ: FATN) Refinances Existing Debt and Reduces Borrowing Costs (ACCESSWIRE) -5.92%
- FatPipe, Inc. (NASDAQ: FATN) to Attend the 2026 Maxim Growth Summit (ACCESSWIRE)
- FatPipe (NASDAQ: FATN) Announces Partnership with Howard Technology Solutions (ACCESSWIRE)
- FatPipe, Inc. (NASDAQ: FATN) Appoints Kanishka Ragula as Chief Financial Officer (ACCESSWIRE)
- ROTH Capital Partners Initiates Coverage on FatPipe (NASDAQ: FATN) with a BUY at $8.00 (ACCESSWIRE)
- FatPipe (NASDAQ:FATN) to Showcase Growth Strategy and Innovation at the H.C. Wainwright 28th Annual Global Investment Conference (ACCESSWIRE)
- FatPipe Inc., (FATN) Launches Constellation, an AI-Assisted Network Management and Visibility Solution, an Affordable SMB Offering (ACCESSWIRE)
- FatPipe, Inc. (FATN) Reports Q1 FY2027 Results: 28% Y-o-Y Q1 Revenue Growth and 25.6% Adjusted EBITDA Margin (PR Newswire) +18.75%
- FatPipe CEO Publishes Letter to Shareholders Regarding its S-3 Filing (ACCESSWIRE)
- FatPipe (NASDAQ:FATN) Awarded a $7 Million Education Contract to Support Network Access and Monitoring (ACCESSWIRE)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-11-04 | 0.090 | 0.053 | 0.090 | 4.83 | 4.94 | 4 |
| 2026Q1 | 2026-07-30 | 0.090 | 0.053 | 0.087 | 5.03 | 4.83 | 3 |
| 2025Q4 | 2026-05-18 | 0.330 | 0.117 | 0.283 | 7.20 | 6.53 | 3 |
| 2025Q3 | 2026-02-25 | 0.020 | - | 0.022 | 3.93 | - | - |
| 2026Q3 | - | - | 0.068 | - | - | 5.06 | 4 |
| 2026Q4 | - | - | 0.180 | - | - | 7.46 | 4 |
| 2027Q1 | - | - | 0.085 | - | - | 5.87 | 2 |
| 2027Q2 | - | - | 0.035 | - | - | 5.68 | 2 |
| 2027Q3 | - | - | 0.055 | - | - | 5.89 | 2 |
| 2027Q4 | - | - | 0.260 | - | - | 10.54 | 2 |
| 2028Q1 | - | - | 0.030 | - | - | 11.96 | 1 |
| 2028Q2 | - | - | 0.033 | - | - | 12.74 | 1 |
| 2028Q3 | - | - | 0.033 | - | - | 12.74 | 1 |
| 2028Q4 | - | - | 0.040 | - | - | 14.56 | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | 0.350 | 0.190 | 0.350 | 19.20 | 18.17 |
| 2026FY | - | 0.453 | - | - | 22.40 |
| 2027FY | - | 0.520 | - | - | 27.89 |
| 2028FY | - | 1.160 | - | - | 39.00 |
| 2029FY | - | 1.420 | - | - | 47.00 |
| 2030FY | - | 1.600 | - | - | 55.00 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-11-08 | 3 | 0 | 1 | 5.14 | 4.82 | 5.60 |
| 2026Q3 | S | 2026-11-05 | 4 | 0 | 2 | 5.06 | 4.80 | 5.60 |
| 2026Q3 | S | 2026-11-04 | 4 | 0 | 0 | 5.21 | 4.82 | 5.80 |
| 2026Q3 | S | 2026-10-14 | 4 | 0 | 0 | 5.21 | 4.82 | 5.80 |
| 2026Q3 | S | 2026-09-09 | 4 | 2 | 1 | 5.21 | 4.82 | 5.80 |
| 2026Q3 | S | 2026-07-31 | 3 | 2 | 1 | 5.33 | 5.00 | 5.80 |
| 2026Q3 | S | 2026-05-21 | 3 | 2 | 0 | 5.31 | 4.80 | 5.64 |
| 2026Q3 | S | 2026-05-19 | 3 | 1 | 0 | 4.88 | 4.20 | 5.64 |
| 2026Q3 | S | 2026-05-08 | 3 | 0 | 0 | 4.81 | 4.20 | 5.64 |
| 2026Q3 | S | 2026-04-30 | 2 | 0 | 0 | 4.92 | 4.20 | 5.64 |
| 2026Q3 | S | 2026-03-19 | 1 | 0 | 0 | 5.64 | 5.64 | 5.64 |
| 2026Q3 | R | 2026-11-08 | 2 | 1 | 1 | 0.08 | 0.04 | 0.11 |
| 2026Q3 | R | 2026-11-05 | 3 | 1 | 2 | 0.08 | 0.04 | 0.11 |
| 2026Q3 | R | 2026-11-04 | 3 | 0 | 0 | 0.09 | 0.03 | 0.12 |
Estimate history
| EPS, annual | 0.212 | 0.318 | 0.142 | 0.354 | 0.4768 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| EPS, quarterly | 0.119 | 0.006 | -0.026 | 0.054 | -0.003 | 0.022 | 0.283 | 0.087 | 0.085 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 15.796 | 17.861 | 16.289 | 19.208 | 21.18 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| Sales, quarterly | 5.596 | 3.149 | 3.794 | 3.936 | 3.959 | 4.088 | 7.225 | 5.032 | 4.834 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 13.722 | 13.722 | 13.817 | 14.024 | 14.128 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | MRQ | ||||
| Shares, quarterly | 13.722 | 13.722 | 13.817 | 13.826 | 13.924 | 13.924 | 14.024 | 14.125 | 14.128 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Total Revenue | 21.18 | 19.21 | 16.29 | 17.86 | 15.80 |
| Cost of Goods Sold Incl. D&A | 4.92 | 4.53 | 4.40 | 4.64 | 4.36 |
| Gross Profit | 16.26 | 14.68 | 11.89 | 13.22 | 11.43 |
| Selling, General and Administrative Excl. Other | 11.93 | 11.09 | 8.42 | 7.59 | 8.19 |
| Research and Development | 1.99 | 1.91 | 1.79 | 1.74 | 1.80 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 4.33 | 3.59 | 3.47 | 5.64 | 3.24 |
| Interest Expense | 0.48 | 0.48 | 0.33 | 0.30 | 0.11 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | 4.27 | 3.49 | 3.29 | 5.60 | 3.14 |
| Income Taxes | -2.43 | -1.48 | 1.33 | 1.32 | 0.26 |
| Consolidated Net Income | 6.70 | 4.97 | 1.95 | 4.28 | 2.89 |
| Net Income From Continuing Operations | 6.70 | 4.97 | 1.97 | 4.37 | 2.91 |
| Net Income | 6.70 | 4.97 | 1.97 | 4.37 | 2.91 |
| EPS (Recurring) | 0.47 | 0.35 | 0.14 | 0.32 | 0.21 |
| EPS (Basic, Before Extraordinaries) | 0.48 | 0.35 | 0.14 | 0.32 | 0.21 |
| EPS (Diluted) | 0.48 | 0.35 | 0.14 | 0.32 | 0.21 |
| EBITDA | 4.64 | 3.96 | 4.02 | 6.34 | 3.82 |
| Non-Operating Income (Expense) | 0.41 | 0.37 | 0.15 | 0.26 | 0.01 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | - | 0.61 | 0.00 | - | - |
| Price To Earnings Ratio | 9.52 | 9.52 | 41.61 | - | - |
| Price To Sales Ratio | 3.65 | 1.78 | - | - | - |
| Gross Margin | 76.77 | 76.41 | 72.99 | 74.04 | 72.37 |
| Operating Margin | 20.46 | 18.69 | 21.31 | 31.57 | 20.51 |
| Net Margin | 31.64 | 25.87 | 12.07 | 24.45 | 18.43 |
| Shares Outstanding | 14.13 | 14.02 | 13.82 | 13.72 | 13.72 |
| Market Capitalization | 64.14 | 64.14 | 27.29 | - | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 4.83 | 5.03 | 7.23 | 4.09 | 3.96 | 3.94 | 3.79 | 3.15 |
| Cost of Goods Sold Incl. D&A | 1.10 | 1.18 | 1.42 | 1.22 | 0.98 | 0.91 | 1.28 | 1.19 |
| Gross Profit | 3.73 | 3.86 | 5.81 | 2.86 | 2.98 | 3.02 | 2.51 | 1.96 |
| Selling, General and Administrative Excl. Other | 2.89 | 2.95 | 3.62 | 2.46 | 2.98 | 2.02 | 2.35 | 1.78 |
| Research and Development | 0.52 | 0.53 | 0.49 | 0.45 | 0.49 | 0.47 | 0.48 | 0.45 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 0.84 | 0.90 | 2.19 | 0.40 | -0.00 | 1.00 | 0.16 | 0.18 |
| Interest Expense | 0.10 | 0.10 | 0.18 | 0.10 | 0.13 | 0.07 | 0.04 | 0.12 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | 0.83 | 0.86 | 2.19 | 0.40 | -0.06 | 0.96 | 0.19 | 0.14 |
| Income Taxes | -0.37 | -0.37 | -1.78 | 0.09 | -0.01 | 0.22 | 0.56 | 0.06 |
| Consolidated Net Income | 1.20 | 1.23 | 3.96 | 0.31 | -0.04 | 0.74 | -0.37 | 0.08 |
| Net Income From Continuing Operations | 1.20 | 1.23 | 3.96 | 0.31 | -0.04 | 0.74 | -0.35 | 0.08 |
| Net Income | 1.20 | 1.23 | 3.96 | 0.31 | -0.04 | 0.74 | -0.35 | 0.08 |
| EPS (Recurring) | 0.09 | 0.09 | 0.28 | 0.02 | -0.00 | 0.05 | -0.03 | 0.01 |
| EPS (Basic, Before Extraordinaries) | 0.09 | 0.09 | 0.28 | 0.02 | -0.00 | 0.05 | -0.03 | 0.01 |
| EPS (Diluted) | 0.09 | 0.09 | 0.28 | 0.02 | -0.00 | 0.05 | -0.03 | 0.01 |
| EBITDA | 0.89 | 0.99 | 2.26 | 0.51 | 0.10 | 1.09 | 0.31 | 0.32 |
| Non-Operating Income (Expense) | 0.09 | 0.05 | 0.18 | 0.10 | 0.07 | 0.02 | 0.07 | 0.08 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.01 | 0.16 | 0.11 | - | - | - | - | - |
| Price To Earnings Ratio | 9.52 | 17.73 | 51.80 | 65.16 | - | - | - | - |
| Price To Sales Ratio | 3.65 | 4.37 | 1.78 | 1.78 | 5.98 | 8.26 | - | - |
| Gross Margin | 77.17 | 76.63 | 80.40 | 70.07 | 75.26 | 76.83 | 66.20 | 62.35 |
| Operating Margin | 17.47 | 17.92 | 30.24 | 9.84 | -0.02 | 25.48 | 4.31 | 5.87 |
| Net Margin | 24.86 | 24.37 | 54.83 | 7.60 | -1.10 | 18.83 | -9.35 | 2.68 |
| Shares Outstanding | 14.13 | 14.13 | 14.02 | 13.92 | 13.92 | 13.83 | 13.82 | 13.72 |
| Market Capitalization | 64.14 | 88.35 | 33.98 | 28.13 | 88.35 | 135.03 | 107.03 | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|
| Cash & Short Term Investments | 5.21 | 2.92 | 1.11 | 1.08 |
| Short Term Receivables | 10.67 | 8.96 | 7.53 | 4.80 |
| Inventories | 0.45 | 0.42 | 0.11 | 0.36 |
| Other Current Assets | 0.13 | 0.67 | 0.58 | 1.00 |
| Total Current Assets | 16.46 | 12.96 | 9.34 | 7.24 |
| Net Property, Plant & Equipment | 1.14 | 1.51 | 0.28 | 0.80 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Note Receivable | 15.78 | 12.31 | 9.96 | 5.41 |
| Intangible Assets | 0.69 | 1.05 | 1.56 | 2.18 |
| Deferred Tax Assets | 0.08 | 0.08 | 0.12 | 0.00 |
| Other Assets | 0.37 | 0.38 | 0.19 | 0.11 |
| Total Assets | 34.52 | 28.29 | 21.44 | 15.73 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.85 | 1.18 | 0.28 | 0.41 |
| Accounts Payable | 0.39 | 0.44 | 0.42 | 0.24 |
| Income Tax Payable | 1.48 | 2.97 | - | - |
| Other Current Liabilities | 1.55 | 1.90 | 4.02 | 3.30 |
| Total Current Liabilities | 4.27 | 6.49 | 4.72 | 3.96 |
| Long Term Debt | 4.92 | 5.76 | 2.55 | 2.22 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.12 | 0.12 | 0.12 | 0.00 |
| Total Liabilities | 9.31 | 12.36 | 7.39 | 6.17 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 25.22 | 15.93 | 13.94 | 9.37 |
| Total Shareholders Equity | 25.22 | 15.93 | 13.94 | 9.37 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.11 | 0.19 |
| Total Equity | 25.22 | 15.93 | 14.05 | 9.56 |
| Total Liabilities & Stockholders Equity | 34.52 | 28.29 | 21.44 | 15.73 |
| Book Value Per Share | 1.80 | 1.15 | 1.02 | 0.68 |
| Tangible Book Value Per Share | 1.75 | 1.08 | 0.90 | 0.52 |
| Full-Time Employees | 172 | 154 | - | - |
| Price to Book Ratio | 2.31 | 1.29 | - | - |
| Return on Assets | 15.83 | 7.91 | 23.50 | - |
| Return on Equity | 24.16 | 13.17 | 37.47 | - |
| Return on Invested Capital | 16.49 | 9.07 | 26.48 | 25.14 |
| Quick Ratio | 3.75 | 1.93 | 1.95 | 1.74 |
| Current Ratio | 3.85 | 2.00 | 1.98 | 1.83 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Net Income | 6.70 | 4.97 | 1.95 | 5.60 | 3.14 |
| Depreciation | 0.26 | 0.37 | 0.55 | 0.70 | 0.58 |
| Other Funds (Non Cash) | 1.32 | 1.88 | 0.77 | 0.68 | -1.19 |
| Funds from Operations | 8.28 | 7.22 | 3.27 | 6.98 | 2.54 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -10.73 | -8.00 | -3.77 | -7.34 | -4.38 |
| Cash from Operating Activities | -2.46 | -0.78 | -0.50 | -0.36 | -1.84 |
| Capital Expenditures | -0.02 | -0.05 | -0.02 | -0.02 | -0.16 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | - | - |
| Cash from Investing Activities | -0.02 | -0.05 | -0.02 | -0.02 | -0.16 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | -0.13 | 3.74 | 0.00 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | -0.13 | 3.74 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | -0.13 | 3.74 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -0.32 | -0.42 | 2.49 | 0.62 | 1.06 |
| Change in Long Term Debt | -0.32 | -0.42 | 2.49 | 0.50 | 1.06 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 5.51 | 0.50 | 2.00 |
| Reduction of Long Term Debt | -0.32 | -0.42 | -3.03 | 0.00 | -0.94 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | -0.45 | 3.32 | 2.49 | 0.21 | 1.69 |
| Exchange Rate Effect | -0.20 | -0.19 | -0.15 | 0.21 | 0.02 |
| Net Change in Cash | -3.13 | 2.29 | 1.81 | 0.04 | -0.30 |
| Free Cash Flow | -2.48 | -0.83 | -0.52 | -0.36 | -1.84 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 3.10 | 4.31 | 5.21 | 6.16 | 6.23 | 5.91 |
| Short Term Receivables | 11.71 | 11.11 | 10.67 | 10.08 | 9.82 | 9.38 |
| Inventories | 0.66 | 0.77 | 0.45 | 0.17 | 0.33 | 0.41 |
| Other Current Assets | 0.18 | 0.20 | 0.13 | 0.15 | 0.23 | 0.64 |
| Total Current Assets | 15.66 | 16.40 | 16.46 | 16.57 | 16.60 | 16.34 |
| Net Property, Plant & Equipment | 0.92 | 1.03 | 1.14 | 1.24 | 1.34 | 1.45 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.63 | 0.66 | 0.69 | 0.76 | 0.86 | 0.96 |
| Deferred Tax Assets | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Other Assets | 0.36 | 0.37 | 0.37 | 0.38 | 0.40 | 0.38 |
| Total Assets | 35.38 | 35.48 | 34.52 | 32.38 | 32.24 | 32.02 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.97 | 0.89 | 0.85 | 0.88 | 1.02 | 1.17 |
| Accounts Payable | 0.13 | 0.63 | 0.39 | 0.35 | 0.29 | 0.31 |
| Income Tax Payable | 0.74 | 1.11 | 1.48 | 3.26 | 3.17 | 3.18 |
| Other Current Liabilities | 1.21 | 1.49 | 1.55 | 1.63 | 1.57 | 1.64 |
| Total Current Liabilities | 3.05 | 4.12 | 4.27 | 6.12 | 6.05 | 6.30 |
| Long Term Debt | 4.48 | 4.72 | 4.92 | 4.98 | 5.09 | 5.20 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.12 | 0.12 | 0.12 | 0.11 | 0.11 | 0.12 |
| Total Liabilities | 7.66 | 8.96 | 9.31 | 11.22 | 11.26 | 11.62 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 27.72 | 26.52 | 25.22 | 21.16 | 20.99 | 20.40 |
| Total Shareholders Equity | 27.72 | 26.52 | 25.22 | 21.16 | 20.99 | 20.40 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 27.72 | 26.52 | 25.22 | 21.16 | 20.99 | 20.40 |
| Total Liabilities & Stockholders Equity | 35.38 | 35.48 | 34.52 | 32.38 | 32.24 | 32.02 |
| Book Value Per Share | 1.96 | 1.88 | 1.80 | 1.52 | 1.51 | 1.48 |
| Tangible Book Value Per Share | 1.92 | 1.83 | 1.75 | 1.46 | 1.45 | 1.41 |
| Full-Time Employees | - | - | 172 | - | - | - |
| Price to Book Ratio | 2.31 | 3.50 | 1.61 | 1.34 | 4.33 | 8.54 |
| Return on Assets | 19.81 | 16.16 | 15.83 | 2.25 | 1.49 | - |
| Return on Equity | 27.51 | 23.26 | 24.16 | 3.46 | 2.29 | - |
| Return on Invested Capital | 3.73 | 3.93 | 13.15 | 1.19 | -0.17 | 2.90 |
| Quick Ratio | 4.91 | 3.79 | 3.75 | 2.68 | 2.69 | 2.53 |
| Current Ratio | 5.13 | 3.98 | 3.85 | 2.71 | 2.74 | 2.59 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | 1.20 | 1.23 | 3.96 | 0.31 | -0.04 | 0.74 |
| Depreciation | 0.04 | 0.04 | 0.07 | 0.10 | 0.10 | 0.09 |
| Other Funds (Non Cash) | -0.03 | 0.36 | 1.16 | -0.18 | 0.86 | 0.03 |
| Funds from Operations | 1.22 | 1.63 | 5.19 | 0.23 | 0.92 | 0.87 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -2.33 | -2.31 | -6.11 | 0.01 | -0.52 | -1.38 |
| Cash from Operating Activities | -1.11 | -0.68 | -0.91 | 0.24 | 0.40 | -0.51 |
| Capital Expenditures | 0.00 | -0.00 | -0.01 | -0.01 | 0.01 | -0.04 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | 0.00 | -0.00 | -0.01 | -0.01 | 0.01 | -0.04 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.00 | 0.00 | -0.00 | -0.12 | 0.08 | 3.78 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | -0.00 | -0.12 | 0.08 | 3.78 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | -0.00 | -0.12 | 0.08 | 3.78 |
| Issuance or Reduction of Debt, Net | -0.09 | -0.09 | 0.02 | -0.16 | -0.10 | -0.19 |
| Change in Long Term Debt | -0.09 | -0.09 | 0.02 | -0.16 | -0.10 | -0.19 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -0.09 | -0.09 | 0.02 | -0.16 | -0.10 | -0.19 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | -0.09 | -0.09 | 0.02 | -0.29 | -0.01 | 3.59 |
| Exchange Rate Effect | -0.01 | -0.13 | -0.05 | -0.01 | -0.07 | -0.06 |
| Net Change in Cash | -1.21 | -0.91 | -0.95 | -0.07 | 0.32 | 2.99 |
| Free Cash Flow | -1.11 | -0.68 | -0.92 | 0.23 | 0.41 | -0.55 |
Revenue breakdown
| Consulting | 2024: 2.47M 2025: 2.40M |
|---|---|
| Product | 2024: 10.71M 2025: 13.04M |
| Service | 2024: 3.11M 2025: 3.77M |
| Non-US | 2024: 884.37K 2025: 698.28K |
| United States | 2024: 15.40M 2025: 18.51M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 1.20% | 0.1M | 6.3M | 71.87K |
| 2026-10-15 | 1.57% | 0.1M | 6.3M | 78.79K |
| 2026-09-30 | 1.85% | 0.1M | 6.3M | 86.37K |
| 2026-09-15 | 1.42% | 0.1M | 6.3M | 92.97K |
| 2026-08-31 | 1.39% | 0.1M | 6.4M | 150.28K |
| 2026-08-14 | 1.46% | 0.1M | 6.4M | 283.49K |
| 2026-07-31 | 1.15% | 0.1M | 6.4M | 352.05K |
| 2026-07-15 | 1.14% | 0.1M | 6.3M | 1.17M |
| 2026-06-30 | 1.38% | 0.1M | 6.3M | 1.16M |
| 2026-06-15 | 1.10% | 0.1M | 6.3M | 1.21M |
| 2026-05-29 | 1.00% | 0.1M | 8.9M | 1.19M |
| 2026-05-15 | 1.59% | 0.1M | 8.9M | 1.06M |
| 2026-04-30 | 1.83% | 0.2M | 8.8M | 2.21M |
| 2026-04-15 | 0.86% | 0.1M | 8.8M | 1.41M |
| 2026-03-31 | 1.72% | 0.2M | 8.9M | 1.40M |
| 2026-03-13 | 0.63% | 0.1M | 8.9M | 1.31M |
| 2026-02-27 | 0.60% | 0.1M | 8.9M | 1.27M |
| 2026-02-13 | 0.96% | 0.1M | 8.9M | 1.27M |
| 2026-01-30 | 0.38% | 0.0M | 8.9M | 50.20K |
| 2026-01-15 | 0.47% | 0.0M | 8.9M | 48.96K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-05 | SEC |
| 2026-11-04 | 8-K | Current report | 2026-11-04 | SEC |
| 2026-11-04 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-10-27 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-10-27 | SEC |
| 2026-10-07 | 8-K | Current report | 2026-10-01 | SEC |
| 2026-09-15 | 8-K | Current report | 2026-09-14 | SEC |
| 2026-09-14 | 3 | Initial statement of beneficial ownership of securities | 2026-09-11 | SEC |
| 2026-07-30 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-07-30 | 8-K | Current report | 2026-07-30 | SEC |
| 2026-07-23 | 8-K | Current report | 2026-07-23 | SEC |
| 2026-07-21 | 8-K | Current report | 2026-07-21 | SEC |
| 2026-07-13 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-07-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-13 | SEC |
| 2026-07-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-13 | SEC |
| 2026-07-02 | 8-K | Current report | 2026-07-02 | SEC |
| 2026-07-02 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC | |
| 2026-06-25 | DRS | SEC | ||
| 2026-06-22 | 4/A | 2026-06-18 | SEC | |
| 2026-06-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-18 | SEC |
| 2026-05-18 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-18 | 8-K | Current report | 2026-05-18 | SEC |
| 2026-04-30 | 8-K | Current report | 2026-04-30 | SEC |
| 2026-03-25 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-03 | SEC |
| 2026-03-05 | 8-K | Current report | 2026-03-05 | SEC |
| 2026-02-02 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-01-28 | 4 | Statement of changes in beneficial ownership of securities | 2025-01-13 | SEC |
| 2025-11-03 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-09-30 | SEC |
| 2025-07-30 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-06-30 | SEC |
| 2025-07-21 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2025-06-30 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-03-31 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 29.00K | 1 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| Torrey Growth & Income Advisors | 1.45% |
| JANE STREET GROUP, LLC | 0.89% |
| GEODE CAPITAL MANAGEMENT, LLC | 0.29% |
| CITADEL ADVISORS LLC | 0.21% |
| ESSEX INVESTMENT MANAGEMENT CO LLC | 0.21% |
| BlackRock, Inc. | 0.19% |
| Allworth Financial LP | 0.18% |
| Focus Partners Wealth | 0.12% |
| UBS Group AG | 0.07% |
| OSAIC HOLDINGS, INC. | 0.04% |
Funds
| Fund | % owned |
|---|---|
| AUER GROWTH | 1.98% |
| iShares Micro-Cap ETF | 0.18% |
| GRANDEUR PEAK GLOBAL MICROCAP FUND | 0.18% |
| 1290 VT Micro Cap Portfolio | 0.01% |
| Victory Extended Market Index Fund | 0.01% |
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