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Altigen Communications Inc (ATGN)
OTHER OTC:ATGN
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -7.69%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with significant improvements in net income, consulting services revenue, and operational cost reductions. Notable product advancements and AI initiatives also contributed positively. However, there were some challenges, including a decline in cloud services revenue and decreased cash reserves. Talent acquisition remains a concern.Company Guidance
During the Altigen Technologies first quarter fiscal year 2025 earnings call, several metrics were highlighted to demonstrate the company's performance and strategic direction. The fiscal Q1 revenue amounted to $3.4 million, marking a 4% increase from the same period in the previous year. Net income was reported at approximately $87,000, a significant turnaround from the $346,000 loss recorded in the year-ago quarter. Cloud services revenue experienced a 9% decline to $1.7 million, although it showed a sequential increase of 2.5%. In contrast, consulting services revenue surged by 37% to $1.4 million. The company's gross margin improved to 63%, up from 60% in the previous year. Operating expenses decreased by 9% to $2.1 million. Additionally, Altigen closed the quarter with $2.2 million in cash and cash equivalents, while working capital was at $1.9 million, reflecting a 10% decrease. The company emphasized its strategic initiatives, including migrating legacy PBX customers to its new MaxCloud UC solution within the next 15 months and focusing on partnerships to drive growth.Revenue Growth
Fiscal Q1 revenue of $3.4 million represented a 4% increase compared to the same period a year ago.
Net Income Improvement
Net income for the first quarter was approximately $87,000 versus a loss of $346,000 in the year-ago quarter.
Consulting Services Revenue Increase
Consulting services revenue increased 37% to $1.4 million from $1 million in the prior year's quarter.
Operational Cost Reductions
Achieved $800,000 of annualized savings year-over-year from operational cost reductions.
Product and Service Enhancements
Introduction of the new MaxCloud UC solution and the new CoreEngage contact center platform for Microsoft Teams.
AI Initiatives
Introduction of Ensemble AI platform with applications across key business areas, including language translation and sentiment analysis in CoreEngage.
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ATGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ATGN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $0.65 | $0.62 | -4.62% |
| Dec 12, 2024 | $0.72 | $0.79 | +9.72% |
| Aug 01, 2024 | $0.68 | $0.67 | -1.47% |
| Apr 30, 2024 | $0.75 | $0.80 | +6.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Altigen Communications Inc (ATGN) report earnings?
Altigen Communications Inc (ATGN) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Altigen Communications Inc (ATGN) earnings time?
Altigen Communications Inc (ATGN) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ATGN EPS forecast?
Currently, no data Available
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