SALT LAKE CITY - FatPipe, Inc. (NASDAQ:FATN) announced today the general availability of FatPipe SATBoost, a software solution designed to increase performance of satellite internet connections from Starlink, Viasat and Amazon LEO satellites. The $86.8 million company has seen revenue grow 18% over the last twelve months to $19.2 million, and according to InvestingPro analysis, the stock appears undervalued at current levels.
The company states the software can deliver up to 300% faster data flow over LEO satellite links through its proprietary technology. The solution combines with FatPipe’s multipath link aggregation and smart routing to enable enterprises to connect multiple satellite links with terrestrial and 5G lines, according to a press release statement.
SATBoost is currently deployed with customers across retail, healthcare and government sectors. A multi-location retail chain uses the software for satellite-based connectivity and point-of-sale uptime when land lines fail. Healthcare facilities use it for satellite connectivity and automatic failover in rural locations. A government agency deploys it to maintain connectivity for operations in rural areas.
"As LEO satellite connectivity becomes widely available, the need to improve satellite performance is more important than ever," said Dr. Ragula Bhaskar, Chairman and CEO of FatPipe. "SATBoost’s proprietary software increases satellite data throughput by up to 300% out of the box."
The software includes smart traffic steering that prioritizes cheaper internet routes and uses satellite links when necessary. When fiber or 5G connectivity fails, FatPipe’s multipath technology fails over to satellite links.
FatPipe SATBoost is available through FatPipe and authorized partners. Current FatPipe customers can add SATBoost capabilities to their existing FatPipe license. The company maintains impressive gross profit margins of 91% and has been profitable over the last twelve months, according to InvestingPro Tips. Subscribers can access 10 additional ProTips for FATN, along with comprehensive financial metrics and Fair Value analysis.
FatPipe offers a networking and cybersecurity platform backed by 13 U.S. patents related to multipath and software-defined networking. The company’s products are sold through more than 200 resellers worldwide.
In other recent news, FatPipe Inc. has been the subject of an analyst rating by Northland, which initiated coverage with an Outperform rating and set a price target of $12.00. This suggests a positive outlook from Northland regarding FatPipe’s potential in the U.S. small and medium-sized business SASE market, estimated to be worth at least $2 billion. Additionally, FatPipe has launched a new initiative called the VeloCloud Replacement Program. This program aims to replace existing VeloCloud deployments, now under Arista Networks, with FatPipe’s SD-WAN platform. Customers switching to FatPipe are offered a minimum 15% discount on their current VeloCloud contract’s total value. Channel partners are also incentivized with a 10% rebate on signed contracts for bringing in replacement opportunities. The company further supports this transition by providing migration assistance at no additional cost. These developments highlight FatPipe’s strategic efforts to expand its market presence.
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