Altigen Comm Stock Price, News & Analysis

Altigen Communications (OTCQB:ATGN) announced the launch of CoreAttendant, a Teams Operator Console designed for mid-size and large enterprises. This innovative application enhances Microsoft Teams Phone System capabilities, allowing operators to efficiently manage calls and provide superior customer service. Key features include easy call transfers, employee presence integration, and departmental hierarchy views. CoreAttendant not only represents a revenue opportunity but also paves the way for future applications that will enhance customer value. The product will be available through Altigen’s partners and the Microsoft App Store.

Altigen Communications (OTCQB:ATGN) reported a 2.7% increase in net revenue for Q1 fiscal 2022, totaling $2.7 million, driven by cloud services revenue of $1.9 million. Gross margin slightly declined to 72.0% from 74.0%. GAAP net income fell 80.4% to $11,000, while non-GAAP net income increased 32.8% to $312,000. Adjusted EBITDA rose to $312,000. The company anticipates that its upcoming cloud solutions will substantially enhance revenue as they gain market traction.

Altigen Communications, Inc. (OTCQB:ATGN) will release its first quarter fiscal year 2022 financial results on January 27, 2022, after market close. A conference call with CEO Jeremiah Fleming and VP of Finance Carolyn David will follow at 2:00 p.m. PT (5:00 p.m. ET). Stakeholders can access the call via phone or a live webcast on Altigen's website. A replay will be available after the call for 30 days. Altigen, based in Silicon Valley, specializes in cloud-based unified communications solutions built on Microsoft technologies.

Altigen Communications (OTCQB:ATGN) reported its financial results for the fourth quarter and fiscal year ending September 30, 2021. The fourth quarter net revenue decreased to $2.8 million from $3.0 million year-over-year, with cloud services revenue at $2.0 million, down from $2.1 million. Gross margin also fell to 71.4% from 77.2%. The company posted a GAAP net loss of $1.2 million and diluted loss per share of ($0.05). For the full fiscal year, net revenue was $11.0 million, down from $11.8 million, with a GAAP net loss of $0.5 million.

Altigen Communications, Inc. (OTCQB:ATGN) will release its fourth quarter and fiscal year 2021 financial results on December 7, 2021, after market close. A conference call is scheduled for 2:00 PM PT (5:00 PM ET) the same day, featuring CEO Jeremiah Fleming and VP of Finance Carolyn David. Participants can join via phone or webcast, with a replay available afterward. Altigen specializes in Cloud-based Unified Communications solutions leveraging Microsoft technologies, aiming to provide comprehensive managed services.

Altigen Communications Inc. (OTCQB:ATGN) will present at the 6th annual MicroCap Leadership Summit on September 24, 2021, at 9:40 AM ET. The company's President and CEO, Jeremiah Fleming, will lead the presentation. This virtual event, hosted by MicroCapClub, will see Altigen among ten selected companies showcasing their offerings to over 100 investors worldwide. The presentation will be available on the Altigen website post-event. For more details about the summit, visit MicroCapClub.

Altigen Communications (OTCQB:ATGN) reported its third-quarter financial results for the period ended June 30, 2021. Net revenue reached $2.8 million, reflecting a 6% sequential increase but a 6% decline year-over-year. Cloud services revenue stood at $2.0 million, up 6% sequentially but down 1% from the previous year. Gross margin decreased to 70.0% compared to 72.8% in Q2 and 77.4% a year ago. GAAP net income was $0.9 million ($0.04 per share), benefiting from a one-time gain. Non-GAAP net income fell to $0.5 million ($0.02 per share). Cash reserves were $6.5 million.

Altigen Communications, Inc. (OTCQB:ATGN) will release its third quarter fiscal year 2021 financial results on July 27, 2021, after market close. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss these results, featuring President and CEO Jeremiah Fleming and VP of Finance Carolyn David. Investors can join the call by dialing (877) 407-8031 domestically or (201) 689-8031 internationally. A live webcast and replay options will also be available on their website.