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Altigen Communications Inc (ATGN)
OTHER OTC:ATGN
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 12, 2024
|% Change Since: 0.84%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, including record quarterly revenue and profitability, alongside successful cost-cutting measures and strategic partnerships. However, challenges such as flat full-year revenue and a decline in Cloud Services revenue were also noted, alongside delays in product launches.Company Guidance
During the Q4 2024 earnings call for Altigen Technologies, the company reported a quarterly revenue of $3.7 million, marking a 14% increase over the prior quarter and a 7% increase year-over-year, making it the highest quarterly revenue in over a decade. The fiscal year 2024 net income was approximately $1.6 million, including a one-time accounting adjustment of $1.8 million related to accrued tax liabilities. The company achieved a GAAP operating income of $223,000 in Q4, representing their second consecutive profitable quarter. Furthermore, their consulting services division continued to demonstrate growth, particularly through their expanded partnership with the Connecticut Department of Transportation. Altigen also highlighted key business transformation initiatives, including the migration of legacy PBX customers to their UCaaS platform and significant platform upgrades scheduled for fiscal Q2 2025.Record Quarterly Revenue
Fiscal Q4 revenue of $3.7 million marked a 14% increase over the prior quarter and a 7% increase year-over-year, the highest quarterly revenue in over a decade.
Profitability Achieved
Generated operating income of approximately $223,000 in Q4, representing the second consecutive profitable quarter.
Expense Reductions
Successfully reduced fiscal 2024 operating expenses by over $1 million heading into fiscal year 2025.
New Product Launches
Launched CoreEngage, a Teams omnichannel contact center solution, with 5 customer deployments since September.
Strategic Partnerships
Approved as a vendor for British Telecom (BT), with CoreEngage included in BT's Customer Experience Center.
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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 |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | $0.73 | $0.71 | -2.74% |
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 Jan 22, 2025, TBA Not Confirmed.
What is Altigen Communications Inc (ATGN) earnings time?
Altigen Communications Inc (ATGN) earnings time is at Jan 22, 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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