FatPipe, Inc. (FATN)

FatPipe Income Statement

Financials in millions USD. Fiscal year is April - March.

Year Ending	TTM	Mar 31, 2024	Mar 31, 2023
Revenue	17.86	17.86	15.8
Revenue Growth (YoY)	-	13.07%	-
Cost of Revenue	1.07	1.07	1.1
Gross Profit	16.79	16.79	14.69
Selling, General & Admin	6.55	6.55	6.98
Research & Development	1.74	1.74	1.8
Other Operating Expenses	2.87	2.87	2.68
Operating Expenses	11.15	11.15	11.45
Operating Income	5.64	5.64	3.24
Interest Expense / Income	0.27	0.27	0.11
Other Expense / Income	-0.35	-0.35	-0.01
Pretax Income	5.8	5.8	3.17
Income Tax	1.44	1.44	0.26
Net Income	4.28	4.28	2.89
Net Income Common	4.37	4.37	2.91
Net Income Growth	-	49.96%	-
Free Cash Flow	-0.38	-0.38	-2.01
Gross Margin	94.01%	94.01%	93.02%
Operating Margin	31.57%	31.57%	20.51%
Profit Margin	24.45%	24.45%	18.43%
Free Cash Flow Margin	-2.14%	-2.14%	-12.70%
Effective Tax Rate	24.75%	24.75%	8.07%
EBITDA	6.69	6.69	3.83
EBITDA Margin	37.46%	37.46%	24.25%
Depreciation & Amortization	0.7	0.7	0.58
EBIT	5.99	5.99	3.25
EBIT Margin	33.54%	33.54%	20.56%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).