AudioCodes Announces Filing of Form 20-F for the Fiscal Year Ended December 31, 2023

Rhea-AI Summary

AudioCodes (NASDAQ: AUDC) files its 2023 Annual Report on Form 20-F with the SEC, showcasing its audited financial statements for the fiscal year ended December 31, 2023. Shareholders can access the report on the company's website or request a hard copy for free.

Insights

Financial Analyst

The filing of AudioCodes' Annual Report on Form 20-F with the U.S. Securities and Exchange Commission is a significant disclosure, offering investors a comprehensive overview of the company's financial health and operational performance. Such transparency is vital for assessing the company's fiscal stability and growth trajectory. Investors and analysts rely on these documents to scrutinize revenue streams, profit margins, R&D expenses and debt levels. The availability of audited financial statements is also important for evaluating management's effectiveness and the company's competitive position within the communications software industry.

From a market perspective, the release of financial statements can influence stock valuation. Investors may react to the performance indicators, such as earnings per share (EPS) and revenue growth, which can lead to increased trading volumes and price volatility. It is essential to compare these figures against industry benchmarks and projections to gauge market performance. Additionally, any significant deviations from previous quarters or years could signal strategic shifts or operational challenges that might affect long-term investor sentiment.

Market Research Analyst

While the filing of the 2023 Annual Report is a regulatory requirement, it also serves as a marketing tool for AudioCodes. By promoting the availability of the report through various social media channels, the company is engaging with its stakeholders and enhancing its corporate transparency. This strategy can positively influence investor confidence and customer perception. Moreover, the decision to offer a hard copy of the report upon request demonstrates a commitment to accessibility and shareholder inclusiveness.

In evaluating the impact of such news on the stock market, it's important to consider the broader industry trends and how AudioCodes' financial outcomes align with those. For instance, shifts towards digital workplace solutions have been accelerated by remote work trends and AudioCodes' performance in this area could be a bellwether for the sector's health. A positive report could attract more investors to the stock, while any signs of underperformance might lead to a reevaluation of the company's market position.

LOD, Israel , March 27, 2024 /PRNewswire/ -- 

Details

AudioCodes (NASDAQ: AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it has filed its Annual Report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2023 (the "2023 Annual Report") with the U.S. Securities and Exchange Commission. The 2023 Annual Report can be accessed on AudioCodes' website at http://www.audiocodes.com (under the heading "Investor Relations"). Alternatively, shareholders may also request a hard copy of the 2023 Annual Report, free of charge, by contacting us using the contact details provided at the top of this press release.

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About AudioCodes

AudioCodes Ltd. (NASDAQ, TASE: AUDC) is a leading vendor of advanced communications software, products and productivity solutions for the digital workplace. AudioCodes enables enterprises and service providers to build and operate all-IP voice networks for unified communications, contact centers, and hosted business services. AudioCodes offers a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.

For more information on AudioCodes, visit http://www.audiocodes.com.

Statements concerning AudioCodes' business outlook or future economic performance; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance, or other matters, are "forward-looking statements'' as that term is defined under U.S. Federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to: the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets in particular; shifts in supply and demand; market acceptance of new products and the demand for existing products; the impact of competitive products and pricing on AudioCodes' and its customers' products and markets; timely product and technology development, upgrades and the ability to manage changes in market conditions as needed; possible need for additional financing; the ability to satisfy covenants in the Company's loan agreements; possible disruptions from acquisitions; the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business; possible adverse impact of the COVID-19 pandemic on our business and results of operations; the effects of the current terrorist attacks by Hamas in Israel, and the war and hostilities between Israel and Hamas, and Israel and Hezbollah as well as the possibility that this could develop into a broader regional conflict involving Israel with other parties, may affect our operations and may limit our ability to produce and sell our solutions; any disruption in our operations by the obligations of our personnel to perform military service as a result of current or future military actions involving Israel; and other factors detailed in AudioCodes' filings with the U.S. Securities and Exchange Commission. AudioCodes assumes no obligation to update the information in this release.

©2024 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's Inside Matters, OSN, SmartTAP, User Management Pack, VMAS, VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, VocaNom, AudioCodes One Voice, AudioCodes Meeting Insights, AudioCodes Room Experience and CloudBond are trademarks or registered trademarks of AudioCodes Limited. All other products or trademarks are property of their respective owners. Product specifications are subject to change without notice.

Company Contacts
Niran Baruch, 
Chief Financial Officer 
AudioCodes
Tel: +972-3-976-4000
niran.baruch@audiocodes.com

Roger L. Chuchen
VP, Investor Relations 
AudioCodes
Tel:  732-764-2552
roger.chuchen@audiocodes.com

 

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SOURCE AudioCodes

FAQ

Where can shareholders access AudioCodes' 2023 Annual Report?

Shareholders can access AudioCodes' 2023 Annual Report on the company's website at http://www.audiocodes.com under the 'Investor Relations' section.

How can shareholders request a hard copy of the 2023 Annual Report?

Shareholders can request a hard copy of the 2023 Annual Report for free by contacting AudioCodes using the contact details provided in the press release.

What is the ticker symbol for AudioCodes?

The ticker symbol for AudioCodes is AUDC.