Altigen Comm Stock Price, News & Analysis

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.

Altigen Communications Inc. (OTCQB:ATGN), a Silicon Valley-based Microsoft ISV and Cloud Solutions provider, will present at the Access to Giving Virtual Conference on July 14, 2021, at 1 p.m. ET. CEO Jerry Fleming will lead the presentation, which is free for all registrants. Attendees can access more information and schedule one-on-one meetings by visiting the conference's website. The conference aims to connect investors with companies for charitable donations. Altigen offers Cloud-based Unified Communications solutions built on Microsoft technologies.

Altigen Communications (OTCQB:ATGN) has launched CoreInteract, an AI-driven platform for Microsoft Teams, enhancing enterprise customer engagement. This platform integrates various communication channels, including inbound call routing, screen pops for applications like Dynamics 365, and real-time performance dashboards, all within Teams. Future updates will add SMS and social media support. The platform aims to simplify customer interactions and improve employee productivity by removing the need for multiple applications. Altigen positions CoreInteract as a game-changer for organizations adopting Microsoft Teams.

Altigen Communications reported its second-quarter financial results for the period ending March 31, 2021. The company generated a net revenue of $2.7 million, a decrease from $2.9 million year-over-year. Cloud services revenue slightly increased to $1.85 million, while legacy products revenue fell to $0.8 million. The gross margin decreased to 72.8%, compared to 75.9% last year. The company faced a GAAP operating loss of ($0.3 million), down from an operating income of $0.5 million last year, attributed to one-time litigation expenses.

Altigen Communications, Inc. (OTCQB:ATGN), a Microsoft ISV and Cloud Solutions provider, is set to announce its second quarter fiscal year 2021 financial results on April 22, 2021, after market close. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) hosted by CEO Jeremiah Fleming and VP of Finance Carolyn David. Investors can listen via phone or through a live webcast on the company's website. The replay will be available for a month post-call.

Altigen Communications (OTCQB:ATGN) will announce its fourth quarter and fiscal year 2020 financial results on December 3, 2020, post-market close. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET), where CEO Jeremiah Fleming and VP of Finance Carolyn David will discuss the results. Investors can listen via teleconference or a live webcast. Replay details will be available for an hour post-call until January 3, 2021. The company specializes in Microsoft Cloud Solutions, enhancing business communication through cloud-based unified communications.

Altigen Communications (OTCQB:ATGN) has been selected to present at the fifth annual MicroCap Leadership Summit on September 25, 2020. This virtual event will feature CEO Jerry Fleming presenting to around 50 retail and institutional investors. The presentation will later be available on Altigen's Investor Relations page. Altigen, a leading Microsoft Cloud Solutions provider, offers cloud-based communication services that integrate with Microsoft Teams.

Altigen Communications, Inc. (OTCQB:ATGN) announced Joe Hamblin's appointment as Vice President & General Manager of the Microsoft Teams business unit on September 8, 2020. Hamblin brings over 30 years of experience in cloud technologies, previously managing IT at Sprint with a budget of $225M. David Tang, the retiring COO, had a significant role in transitioning Altigen to a cloud company. Altigen focuses on delivering comprehensive cloud-based Unified Communications services integrated with Microsoft Teams, designed to enhance business communication.