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 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.
Altigen Communications (ATGN) reported its financial results for Q2 FY 2022, showing a GAAP net income of $0.1 million, a significant improvement from a net loss of $0.3 million a year prior. GAAP diluted EPS reached breakeven compared to a loss of $0.01. Despite a 4.8% decline in total revenue to $2.5 million, non-GAAP net income rose by 43.1% to $0.3 million. The company introduced new customer experience-as-a-service (CXaaS) products and acquired ZAACT Consulting to enhance service offerings and drive future growth.
Altigen Communications (OTCQB:ATGN) has successfully acquired the assets of ZAACT Consulting, a company specializing in Microsoft Teams solutions. The transaction, which closed on May 6, 2022, positions Altigen as a leading provider of cloud communications and collaboration services. ZAACT generated over $5.3M in revenue in fiscal 2021, with about $0.5M in net income. The purchase was funded primarily by cash and stock, totaling $4.5M. This acquisition is expected to enhance Altigen's capabilities and customer base in the Microsoft ecosystem.
Altigen Communications, Inc. (OTCQB:ATGN) will release its Q2 FY2022 financial results on May 12, 2022, post-market close. The company, known for its cloud-based Customer Experience solutions, will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Key executives, including CEO Jeremiah Fleming, will lead the discussion. Interested parties can join via telephone or a live webcast. The company is committed to enhancing customer engagement through its AI-driven solutions and global reseller network.
Altigen Communications (OTCQB:ATGN) will present at the Sidoti May Virtual MicroCap Conference on May 11, 2022, at 1:00 p.m. ET. Jerry Fleming, the CEO, will discuss the company's cloud-based Customer Experience (CXaaS) solutions. Interested investors can register for the webcast here. The conference will also feature one-on-one meetings on May 11-12. Altigen's solutions enhance customer engagement and employee productivity through automation and AI, supported by a global network of certified resellers.
Altigen Communications Inc. (OTCQB:ATGN) has partnered with Teleware, a leading UK Microsoft Solutions Provider, to enhance their cloud-based Customer Experience solutions. This collaboration focuses on leveraging Microsoft technologies, particularly Microsoft Teams, to deliver tailored communication applications and improve customer engagement. Altigen's President stated that Teleware's expertise aligns with their vision, aiming to offer unique business solutions that enhance productivity and reduce communication costs.
Altigen Communications (OTCQB:ATGN) is hosting its first virtual Investor Day on March 8, 2022, at 8:30 a.m. PST. The event aims to showcase the company’s evolution from a traditional vendor to a cloud-based Customer Experience as a Service (CXaaS) provider. CEO Jerry Fleming will discuss strategic partnerships, market opportunities, and the product roadmap. An agenda includes topics on Microsoft Teams, financial metrics, and a Q&A session. Interested investors can register here. The presentations will be archived for one year.
Altigen Communications (OTCQB:ATGN) announced a definitive agreement to acquire ZAACT Consulting, a Microsoft Gold Partner, enhancing its cloud-based Customer Experience (CXaaS) solutions. The acquisition, expected to close soon, aims to leverage ZAACT's expertise in Microsoft technologies, particularly in Financial Services and Healthcare sectors, to boost sales. ZAACT brings critical capabilities that align with Altigen’s mission to offer integrated Microsoft Teams solutions.
Altigen Communications (OTCQB:ATGN) announced the launch of CoreEngage, a new user interface for CoreInteract, designed for Microsoft Teams. This innovative interface allows users to manage customer communications, including calls, SMS, and emails, enhancing the customer experience. Altigen aims to improve customer engagement and employee productivity through this solution. The CoreEngage application, part of a broader release of Customer Experience (CXaaS) applications, is available via Altigen's global business partner network.