Every material Form 8-K Fatpipe Inc/UT has filed with the SEC since September 14, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
FatPipe reported fiscal second-quarter 2027 results for the period ended September 30, 2026. Revenue grew 22% year over year, and the company swung to net income of $1.2 million from a loss of $0.04 million a year earlier, which points to a clear improvement in both sales and profit.
Q2 2027 revenue was $4.83 million, up from $3.96 million in Q2 2026
Net income was $1.2 million, compared with a loss of $0.04 million in Q2 2026
Diluted earnings per share were $0.09, versus $0.00 a year earlier
Adjusted EBITDA was $1.2 million, an approximate 24.1% margin, compared with $0.7 million in Q2 2026
FatPipe entered two KeyBank business loan agreements: a $4.5 million secured term loan, of which about $4.47 million repaid its Fortis Bank SBA loan on October 1, 2026, and a $1.5 million secured revolving line of credit for working capital. The company expects an approximately 110 basis point reduction in its annual borrowing rate, but the loans carry quarterly financial covenants and default provisions that let KeyBank accelerate the debt.
Term loan of $4.5 million matures October 1, 2029, with 35 monthly principal payments of $75,000 beginning November 1, 2026.
Interest rate moves from Prime Rate plus 1.00% to Adjusted Daily SOFR plus 3.00%; the company expects an approximately 110 basis point reduction in its annual borrowing rate.
Revolving line of credit of $1.5 million matures September 30, 2027; origination fees are $22,500 for the term loan and $7,500 for the revolver.
Loans are guaranteed by subsidiary FatPipe Technologies, Inc. and secured by substantially all personal property assets, with covenants requiring Total Funded Debt to EBITDA no greater than 2.50 to 1.00 and Fixed Charge Coverage Ratio of at
FatPipe appointed Kanishka Ragula, age 25, as Chief Financial Officer and Principal Accounting Officer effective September 11, 2026, replacing Eric Sherb, who ceased serving in those roles on the same date. The filing says Sherb's departure was not the result of any disagreement with the company and that he will consult for FatPipe during the transition. Ragula's family relationship to the CEO and Chairman is disclosed, which shareholders may weigh when assessing the appointment.
Eric Sherb ceased serving as CFO and Principal Accounting Officer effective September 11, 2026, and will continue as a consultant.
Kanishka Ragula, age 25, was appointed CFO and Principal Accounting Officer effective September 11, 2026; he had been Director of Finance since September 2025.
Ragula will receive an annual base salary of $175,000 plus an equity grant to be approved by the board at the annual meeting.
Ragula is the son of CEO and Chairman Ragula Bhaskar, Ph.D., and of President, CTO and director Sanchaita Datta.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Fatpipe Inc/UT filing is on SEC EDGAR ↗. 8-K briefs of other companies →