Welcome to our dedicated page for Altigen Comm news (Ticker: ATGN), a resource for investors and traders seeking the latest updates and insights on Altigen Comm stock.
Altigen Communications, Inc. (traded as Altigen Technologies under OTCQB: ATGN) regularly publishes news and updates that reflect its focus on Microsoft cloud communications, AI-powered customer engagement, and digital transformation consulting. This news page aggregates company-issued press releases and announcements so readers can follow how Altigen’s Cloud Communications solutions, customer engagement platforms, and technology consulting services evolve over time.
Company news has included earnings releases detailing net revenue, cloud services revenue, services and other revenue, legacy products, software assurance, gross margin, GAAP net income, and adjusted EBITDA, as well as conference call and webcast information for quarterly and annual financial results. These updates provide insight into Altigen’s financial performance and its business transformation initiatives.
Altigen’s announcements also cover strategic moves such as leadership changes, partnerships, and collaborations. Examples include the promotion of an executive to President and Chief Operating Officer with responsibility for product development, cloud services, consulting services, and go-to-market execution, as well as partnerships with Intelligent Protection Management Corp. to refer integrated communications, AI-driven analytics, and managed security and hosting solutions, and with Krista Software to deliver AI-powered automation through a no-code conversational AI platform.
Additional news items have highlighted marketing collaborations to support brand and product portfolio relaunches, participation in industry conferences to showcase Agentic AI platforms, and descriptions of Altigen’s AI-powered business solutions and consulting services. Investors and observers can use this page to review Altigen’s historical and ongoing communications about its strategy, financial results, partnerships, and product and service focus.
Altigen Technologies (ATGN) reported its fiscal 2024 results with fourth-quarter revenue reaching $3.7 million, a 7.3% increase from the previous year, marking a 12-year high. The company's full-year revenue was $13.6 million, slightly down from $13.7 million in FY2023.
Key financial metrics for FY2024 include services revenue of $5.1 million (up 19.9%), cloud services revenue of $7.1 million (down 7.3%), and gross margin of 61.6% (down from 63.2%). GAAP net income was $1.6 million with diluted EPS of $0.06, primarily due to a $1.8 million non-cash tax benefit. Non-GAAP net income was $0.5 million with diluted EPS of $0.02.
Altigen Technologies (OTCQB:ATGN), a Microsoft Cloud Communications Solutions provider, has scheduled its fourth quarter and fiscal year 2024 earnings conference call for December 12, 2024. The company will release its financial results after market close, followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. ET). Investors can access the call through toll-free (888-506-0062) or international (973-528-0011) numbers using participant code 182309. A webcast will also be available, and a replay can be accessed using dedicated dial-in numbers.
Altigen Technologies (OTCQB:ATGN), a Silicon Valley-based Microsoft Cloud Communications Solutions provider, reported its Q3 fiscal 2024 results. Net revenue was $3.3 million, down from $3.4 million in the prior year quarter. Gross margin decreased to 60.7% from 63.3% year-over-year. The company reported a GAAP net income of $0.06 million ($0.00 per diluted share), compared to a net loss of ($0.2) million (($0.01) per share) in Q3 2023. Non-GAAP net income was $0.2 million ($0.01 per diluted share), an improvement from a non-GAAP net loss of ($0.07) million in the previous year.
Altigen Technologies (OTCQB:ATGN), a Silicon Valley-based Microsoft Cloud Communications Solutions provider, has announced its upcoming third quarter fiscal year 2024 earnings call. The company will report its financial results on Thursday, August 1, 2024, after the close of regular market trading. A conference call and webcast to discuss the results will be held at 2:00 p.m. Pacific Time (5:00 p.m. ET) on the same day.
Interested parties can access the call through toll-free and international dial-in numbers, or via a webcast link. A replay of the call will also be available. This announcement provides investors and analysts with the opportunity to review Altigen's financial performance and engage with the company's management team.
Altigen Technologies reported its second-quarter results for fiscal year 2024, showing an increase in net revenue to $3.4 million and a gross margin of 61.3%. The GAAP net loss was ($0.2) million, while non-GAAP net loss was ($0.07) million. Altigen's President & CEO, Jeremiah Fleming, highlighted the progress in business transformation and expense reduction.
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