Altigen Comm Stock Price, News & Analysis

Altigen Communications (OTCQB:ATGN), a leading provider of Microsoft Cloud Solutions, will present at the Planet MicroCap Showcase in Las Vegas on April 26, 2023. The presentation will be led by Jerry Fleming, Chairman and CEO, at 12:30 PM Eastern Time (9:30 AM Pacific Time). He expressed enthusiasm about the opportunity to share the company's vision with potential investors.

Investors can access the live presentation through the conference's webcast. Those interested in one-on-one meetings are encouraged to register online. For those unable to attend, all presentations will be available for viewing later on the conference platform.

Altigen is known for its fully managed Customer Experience solutions integrated with Microsoft technologies, aiming to enhance business communications for clients.

Altigen Communications, Inc. (OTCQB:ATGN) reported a 26.6% revenue increase for Q1 FY2023, totaling $3.5 million, compared to $2.7 million in Q1 FY2022. Despite this growth, the company faced a GAAP net loss of ($0.2 million) with a loss per share of ($0.01). Non-GAAP results showed a net income of $0.04 million, translating to a diluted EPS of $0.00, down from $0.01 in the prior year. New product launches, including the MaxCloud UCaaS platform, were highlighted as key strategies for future profitability. However, gross margin decreased to 63.8% from 72.0%.

Altigen Communications (OTCQB: ATGN) will release its first quarter fiscal year 2023 financial results after market close on January 31, 2023. A conference call is scheduled for 1:30 PM PT (4:30 PM ET) to discuss the results. Interested parties can join via a toll-free number or access the webcast online. Altigen, a provider of cloud-based Customer Experience (CXaaS) solutions built on Microsoft technologies, aims to enhance customer engagement and employee productivity.

Altigen Communications (OTCQB:ATGN) has enhanced its CoreInteract Digital Customer Engagement Platform for Microsoft Teams. The updates include new integration with Microsoft PowerBI for reporting, tailored screen pops for incoming communications, workflow capabilities to transfer calls externally, new contact center features for monitoring, and enhanced call controls. The company emphasizes efficiency and cost reduction in customer engagement. A roadmap for future enhancements includes SMS, Email, and Web Chat functionalities, aimed at further automating customer-facing processes.

Altigen Communications reported its fourth quarter fiscal 2022 results, showing a net revenue increase of 28% to $3.6 million. Cloud services revenue fell 1% to $1.9 million, while professional services surged 706% to $1.2 million. The GAAP net loss narrowed to $0.8 million, with a diluted EPS of ($0.03). Non-GAAP metrics showed a net income of $0.2 million, with diluted EPS of $0.01. Fiscal 2022 net revenue rose 8% to $11.9 million, bolstered by significant improvements in service offerings and the acquisition of ZAACT Consulting.

Altigen Communications (OTCQB:ATGN) reported its fourth quarter and full year financial results for the year ending September 30, 2022. Fourth quarter net revenue surged by 28% to $3.6 million, driven by a remarkable 706% increase in professional services revenue. However, cloud services revenue dipped 1% to $1.9 million, while gross margin fell to 63.8%. The company incurred a GAAP net loss of $0.8 million with diluted EPS of ($0.03). Overall, fiscal 2022 net revenue rose 8% to $11.9 million amid significant strategic advancements.

Altigen Communications (OTCQB:ATGN), a provider of cloud-based Customer Experience (CXaaS) solutions, will report its fourth-quarter and fiscal year 2022 financial results on December 15, 2022. A conference call is scheduled for 2:00 p.m. PT to discuss the results. Altigen focuses on enhancing customer engagement and employee productivity using Microsoft technologies and offers AI-driven insights to improve service efficiency. The company operates globally from its Silicon Valley headquarters.

Altigen Communications (OTCQB:ATGN) announced its third-quarter financial results for the period ending June 30, 2022. The company reported a 6.4% increase in net revenue to $3.0 million, despite a 3.0% decline in cloud services revenue. Professional services revenue surged 163.0% to $0.6 million, while gross margin decreased to 67.8%. The company recorded a GAAP net loss of $0.01 million with a diluted EPS of ($0.01). Customer adoption for new platforms, including CoreInteract, MaxCloud, and FrontStage, is growing, with initial customers secured and significant growth opportunities identified in the UCaaS, CCaaS, and CEaaS markets.

Altigen Communications (OTCQB:ATGN) has announced that its CoreInteract solutions suite has been designated as a Preferred Solution in the Microsoft Commercial Marketplace, AppSource. This recognition highlights the suite's capabilities in enhancing Microsoft Teams Phone System. The company continues to invest in product development following its acquisition of ZAACT Consulting, which enhances its technical resources to better serve enterprise customers. Altigen aims to improve customer experience and operational efficiency with its cloud-based solutions.