Fatpipe Inc/UT (FATN): Results of Operations and Financial Condition

FatPipe Inc. (NASDAQ:FATN) said it was awarded a $7 million education contract to supply its network edge products and monitoring services for schools. The deployment aims to improve network availability and visibility, helping administrators monitor health, troubleshoot connectivity issues, and restore access faster for learning and administrative systems.

Mayville Engineering (NYSE:MEC) said data center and critical power should be about 20% of 2026 revenue. It won about $40M of new awards in the segment, with production and revenue expected to start in 2027. MEC raised Q3 sales to $160M-$170M and FY sales to $620M-$650M, kept adjusted EBITDA at $52M-$60M, and cut free cash flow to $7M-$15M. It completed a common-stock offering raising about $94M net proceeds.

Manulife Financial’s Q2 earnings call covered Hong Kong sales mix, China regulatory/tax enforcement questions, and Global Wealth and Asset Management flows. Manulife reported CAD 4 billion net inflows in Global WAM, core earnings up 9%, and LICAT 136%. It also announced a Munich Re reinsurance deal transferring CAD 3.2 billion long-term care reserves and expects CAD 30 million foregone core earnings in year one.

Miller Industries (NYSE:MLR) said it expects full-year EPS to be in line with 2025 results and gross margins to return to historical levels, targeting mid-13% for 2026. Management cited stable domestic towing demand and noted military commitments exceeding $200 million, with revenue mainly in 2028-2029. Q2 cash was $65.6M and debt fell $20M; it returned $4.9M to shareholders.

Grindr CEO George Arison said the dating app is shifting to an AI-native approach, using AI coding tools and expecting AI token costs of about $6 million this year. In Q2, Grindr reported revenue of $138 million, up 33% year over year, beating an estimated $132 million, with paying users up 16% to 1.4 million. Full-year 2026 guidance was raised to about $540 million revenue and $232 million adjusted EBITDA.

Mativ (NYSE:MATV) reported Q2 adjusted EBITDA of $50 million, up more than 18%, and segment margin up 210 bps to 15.3% as pricing offset inflation. Healthcare operations at its Knoxville facility normalized after an outage. Net debt fell to $908 million and net leverage improved to 3.8x. A Menasha, Wisconsin tornado is expected to cut Q3 sales by $20M to $25M.