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Altigen Communications, Inc., a leading Microsoft cloud solutions provider, offers fully managed unified communications services. Altigen combines hosted Skype for Business, advanced cloud PBX, and cloud contact center applications with seamless integration to Office 365 for SMBs and enterprises globally. Altigen's cloud unified communications solution simplifies deployment and management, reducing costs and offering flexibility to deploy on-premises, in the cloud, or in a hybrid environment. The company's feature-rich cloud PBX and multi-channel contact center solutions natively integrate with Skype for Business and Office 365, delivering business-critical functionalities required by SMBs and enterprises. Altigen's worldwide headquarters is in Silicon Valley, California.
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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