FATNMEDIUM SIGNALFINANCIAL10-Q

FATN showed strong operational improvement with a 221.5% swing from negative to positive operating cash flow alongside 48.7% gross profit growth, though interest expenses increased significantly by 53.1%.

The dramatic turnaround from negative $109K to positive $132K in operating cash flow, combined with nearly 50% gross profit growth, indicates meaningful operational improvements in the business. However, the 53.1% increase in interest expense suggests rising debt service costs that investors should monitor as a potential headwind to profitability.

Comparing 2026-02-02 vs 2025-11-03View on EDGAR →
FINANCIAL ANALYSIS

FATN demonstrated strong top-line growth with revenue increasing 27.1% to $5.7M, which translated to even stronger gross profit expansion of 48.7% to $10.9M, indicating improving margins. The most notable improvement was the dramatic operational cash flow turnaround from negative $109K to positive $132K, while inventory declined 49.1% suggesting better working capital management. However, the 53.1% increase in interest expense to $300K represents a meaningful cost pressure that partially offset the operational gains, though overall the financial picture shows a company gaining operational momentum.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
+2071.3%
$2K$42K

Capital expenditure jumped 2071.3% — major investment cycle underway; assess returns on deployment.

Operating Cash Flow
Cash Flow
+221.5%
-$109K$132K

Operating cash flow surged 221.5% — exceptional cash generation, highest quality earnings signal.

Interest Expense
P&L
+53.1%
$196K$300K

Interest expense surged 53.1% — significant debt increase or rising rates materially impacting earnings.

Inventory
Balance Sheet
-49.1%
$329K$167K

Inventory drawn down 49.1% — strong sell-through or deliberate destocking; watch for supply constraints.

Gross Profit
P&L
+48.7%
$7.4M$10.9M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Operating Income
P&L
+40.2%
$1.0M$1.4M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Revenue
P&L
+27.1%
$4.4M$5.7M

Revenue growing 27.1% — solid top-line momentum, watch margins for quality of growth.

LANGUAGE CHANGES
NEW — 2026-02-02
PRIOR — 2025-11-03
ADDED
As of February 02, 2026, there were 13,924,468 shares of the Company s common stock issued and outstanding.
As of December 31, 2025 and am, Limited was a wholly-owned subsidiary of the Company (see Note 3).
SCHEDULE OF DISAGGREGATED REVENUE Three Months Ended Nine Months Ended December 31, December 31, 2025 2024 2025 2024 Product revenue $ 2,572,879 $ 1,953,706 $ 7,385,761 $ 8,546,999 Service revenue 898,127 438,956 2,757,209 1,918,287 Consulting revenue 616,780 756,015 1,839,970 2,029,286 Total $ 4,087,786 $ 3,148,677 $ 11,982,940 $ 12,494,572 Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date.
Amortization is computed using the straight-line method over the estimated useful lives of the assets which is assumed as 15 years .
Amortization is computed using the straight-line method over the estimated useful lives of the assets which is assumed as 15 years .
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REMOVED
As of November 3, 2025, there were 13,924,468 shares of the Company s common stock issued and outstanding.
As of September 30, 2025 and am, Limited was a wholly-owned subsidiary of the Company (see Note 3).
Amortization is computed using the straight-line method over the estimated useful lives of the assets which is assumed as 15 years.
Amortization is computed using the straight-line method over the estimated useful lives of the assets which is assumed as 15 years.
The Company has not identified any such impairment losses for the period ended September 30, 2025 and March 31, 2025.
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