Altigen Technologies Reports Third Quarter Results for Fiscal Year 2024
Altigen Technologies Reports Third Quarter Results for Fiscal Year 2024
Q3 GAAP net income of $0.06 million; non- GAAP net income of $0.2 million
第三季度GAAP净收入为0.6万美元；非公认会计准则净收入为20万美元
MILPITAS, CA / ACCESSWIRE / August 1, 2024 / Altigen Technologies (OTCQB:ATGN), a leading Silicon Valley-based Microsoft Cloud Communications Solutions provider, announced today its financial results for the third quarter ended June 30, 2024.
加利福尼亚州米尔皮塔斯/ACCESSWIRE/2024年8月1日/总部位于硅谷的领先微软云通信解决方案提供商Altigen Technologies（OTCQB: ATGN）今天公布了截至2024年6月30日的第三季度财务业绩。
Third Quarter Fiscal 2024 Financial Results
2024财年第三季度财务业绩
Net revenue was $3.3 million, compared to $3.4 million in the prior year quarter;
Gross margin was 60.7%, compared to 63.3% in the prior year quarter;
GAAP net income and diluted EPS of $0.06 million and $0.00, respectively, compared with GAAP net loss of ($0.2) million, or ($0.01) per share in the prior year quarter;
Non-GAAP net income and diluted EPS of $0.2 million and $0.01, respectively, compared with non-GAAP net loss of ($0.07) million, or ($0.00) per share in the prior year quarter.
净收入为330万美元，而去年同期为340万美元；
毛利率为60.7％，而去年同期为63.3％；
GAAP净收益和摊薄后每股收益分别为06万美元和0.00美元，而上一季度的GAAP净亏损为20万美元，合每股亏损0.01美元；
非公认会计准则净收益和摊薄后每股收益分别为20万美元和0.01美元，而上一季度的非公认会计准则净亏损为7万美元，合每股亏损0.00美元。
(1) Throughout this release, the use of non-GAAP financial measures is intended to provide useful information that supplements Altigen's results in accordance with GAAP. Please refer to the Reconciliation of Non-GAAP Financial Measure at the end of this release.
(1) 在本新闻稿中，使用非公认会计准则财务指标旨在提供有用的信息，以根据公认会计原则补充Altigen的业绩。请参阅本新闻稿末尾的非公认会计准则财务指标对账。
(1) Throughout this release, the use of non-GAAP financial measures is intended to provide useful information that supplements Altigen's results in accordance with GAAP. Please refer to the Reconciliation of Non-GAAP Financial Measure at the end of this release.
(1) 在本新闻稿中，使用非公认会计准则财务指标旨在提供有用的信息，以根据公认会计原则补充Altigen的业绩。请参阅本新闻稿末尾的非公认会计准则财务指标对账。
Conference Call
电话会议
Altigen will be discussing its financial results and outlook on a conference call today at 2:00 p.m. Pacific Time (5:00 p.m. ET). The conference call can be accessed by dialing (888) 506-0062 (domestic) or (973) 528-0011 (international), conference ID #526216. A live webcast will also be made available at . To access the replay, dial (877) 481-4010 (domestic) or (919) 882-2331 (international), conference ID #50960. A web archive will be made available at for 90 days following the call's conclusion.
Altigen将在太平洋时间今天下午 2:00（美国东部时间下午 5:00）的电话会议上讨论其财务业绩和前景。拨打 (888) 506-0062（国内）或 (973) 528-0011（国际），会议ID #526216 即可参加电话会议。还将在以下网址进行网络直播。要观看重播，请拨打 (877) 481-4010（国内）或 (919) 882-2331（国际），会议 ID #50960。电话会议结束后，将在90天内提供网络档案。
About Altigen Technologies
关于 Altigen 科技
Altigen Technologies (OTCQB:ATGN) is focused on driving digital transformation in today's modern workplace. Our Cloud Communications solutions and Technology Consulting services empower companies of all sizes to elevate customer engagement, increase employee productivity and improve operational efficiency. We're headquartered in Silicon Valley with operations strategically located in five countries spanning three continents. For more information, call 1-888-ALTIGEN or visit our website at .
Altigen Technologies（OTCQB: ATGN）专注于推动当今现代工作场所的数字化转型。我们的云通信解决方案和技术咨询服务使各种规模的公司能够提升客户参与度、提高员工生产力并提高运营效率。我们的总部位于硅谷，业务战略性地分布在横跨三大洲的五个国家。欲了解更多信息，请致电 1-888-ALTIGEN 或访问我们的网站，网址为。
Safe Harbor Statement
安全港声明
This press release may contain certain forward-looking statements and information regarding current and future business expectations, beliefs, plans and assumptions, which are subject to a number of risks and uncertainties. The forward-looking statements discussed in this press release may not occur and actual results could differ materially from those anticipated or implied. All information provided in this announcement is as of the date of this announcement, and the Company undertakes no duty to update such information except as required under applicable law. Please refer to the Company's most recent Annual Report filed with the OTCQB over-the-counter market for a further discussion of risks and uncertainties.
本新闻稿可能包含有关当前和未来业务预期、信念、计划和假设的某些前瞻性陈述和信息，这些陈述和信息受许多风险和不确定性的影响。本新闻稿中讨论的前瞻性陈述可能不会出现，实际结果可能与预期或暗示的结果存在重大差异。本公告中提供的所有信息均截至本公告发布之日，除非适用法律要求，否则公司没有义务更新此类信息。有关风险和不确定性的进一步讨论，请参阅公司向OTCQB场外交易市场提交的最新年度报告。
Contact:
联系人：
Carolyn David
Vice President of Finance
Altigen Communications, Inc.
(408) 597-9033
卡罗琳·大卫
财务副总裁
Altigen 通信公司
(408) 597-9033
ALTIGEN COMMUNICATIONS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
ALTIGEN 通信有限公司
合并资产负债表
（以千计）
|
June 30,
2024
|
September 30,
2023
|
|||||||
(unaudited) |
(1) |
|||||||
ASSETS |
||||||||
Current assets: |
||||||||
Cash and cash equivalents |
$ |
2,002 |
$ |
2,641 |
||||
Accounts receivable, net |
1,772 |
1,495 |
||||||
Other current assets |
287 |
236 |
||||||
Total current assets |
4,061 |
4,372 |
||||||
Property and equipment, net |
- |
3 |
||||||
Operating lease right-of-use assets |
43 |
301 |
||||||
Goodwill |
2,725 |
2,725 |
||||||
Intangible assets, net |
1,431 |
1,568 |
||||||
Capitalized software development cost, net |
1,281 |
1,215 |
||||||
Deferred tax asset |
3,737 |
3,737 |
||||||
Total assets |
$ |
13,278 |
$ |
13,921 |
||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
||||||||
Current liabilities: |
||||||||
Accounts payable |
$ |
101 |
$ |
58 |
||||
Accrued compensation and benefits |
346 |
417 |
||||||
Accrued expenses |
477 |
455 |
||||||
Deferred consideration - current |
525 |
510 |
||||||
Operating lease liabilities - current |
46 |
324 |
||||||
Deferred revenue - current |
551 |
477 |
||||||
Total current liabilities |
2,046 |
2,241 |
||||||
Deferred consideration - long-term |
216 |
208 |
||||||
Deferred revenue - long-term |
155 |
134 |
||||||
Total liabilities |
2,417 |
2,583 |
||||||
Stockholders' equity: |
||||||||
Common stock |
24 |
24 |
||||||
Treasury stock |
(1,565 |
) |
(1,565 |
) |
||||
Additional paid-in capital |
73,175 |
73,133 |
||||||
Accumulated deficit |
(60,773 |
) |
(60,254 |
) |
||||
Total stockholders' equity |
10,861 |
11,338 |
||||||
Total liabilities and stockholders' equity |
$ |
13,278 |
$ |
13,921 |
||||
|
6月30日
2024
|
九月三十日
2023
|
|||||||
（未经审计） |
(1) |
|||||||
资产 |
||||||||
流动资产： |
||||||||
现金和现金等价物 |
$ |
2,002 |
$ |
2641 |
||||
应收账款，净额 |
1,772 |
1,495 |
||||||
其他流动资产 |
287 |
236 |
||||||
流动资产总额 |
4,061 |
4,372 |
||||||
财产和设备，净额 |
- |
3 |
||||||
经营租赁使用权资产 |
43 |
301 |
||||||
善意 |
2,725 |
2,725 |
||||||
无形资产，净额 |
1,431 |
1,568 |
||||||
资本化软件开发成本，净额 |
1,281 |
1,215 |
||||||
递延所得税资产 |
3,737 |
3,737 |
||||||
总资产 |
$ |
13,278 |
$ |
13,921 |
||||
负债和股东权益 |
||||||||
流动负债： |
||||||||
应付账款 |
$ |
101 |
$ |
58 |
||||
应计薪酬和福利 |
346 |
417 |
||||||
应计费用 |
477 |
455 |
||||||
延期审议-当前 |
525 |
510 |
||||||
经营租赁负债——当前 |
46 |
324 |
||||||
递延收入-当前 |
551 |
477 |
||||||
流动负债总额 |
2,046 |
2,241 |
||||||
延期考虑-长期 |
216 |
208 |
||||||
递延收入-长期 |
155 |
134 |
||||||
负债总额 |
2,417 |
2,583 |
||||||
股东权益： |
||||||||
普通股 |
24 |
24 |
||||||
库存股 |
(1,565) |
) |
(1,565) |
) |
||||
额外的实收资本 |
73,175 |
73,133 |
||||||
累计赤字 |
(60,773) |
) |
(60,254) |
) |
||||
股东权益总额 |
10,861 |
11,338 |
||||||
负债和股东权益总额 |
$ |
13,278 |
$ |
13,921 |
||||
(1) The information in this column was derived from the Company's audited consolidated financial statements as of and for the year ended September 30, 2023.
(1) 本专栏中的信息来自公司截至2023年9月30日止年度的经审计的合并财务报表。
|
Nine Months Ended
June 30,
|
||||||||
2024 |
2023 |
|||||||
Cash flows from operating activities: |
||||||||
Net (loss) |
$ |
(519 |
) |
$ |
(510 |
) |
||
Adjustments to reconcile net income to net cash from operating activities: |
||||||||
Depreciation and amortization |
3 |
3 |
||||||
Amortization of intangible assets |
137 |
137 |
||||||
Amortization of capitalized software |
311 |
450 |
||||||
Stock-based compensation |
42 |
90 |
||||||
Changes in operating assets and liabilities: |
||||||||
Accounts receivable and unbilled accounts receivable |
(277 |
) |
36 |
|||||
Prepaid expenses and other current assets |
(51 |
) |
(83 |
) |
||||
Other long-term assets |
- |
12 |
||||||
Accounts payable |
43 |
(20 |
) |
|||||
Accrued expenses |
(47 |
) |
325 |
|||||
Deferred revenue |
96 |
(142 |
) |
|||||
Net cash (used in) provided by operating activities |
(262 |
) |
298 |
|||||
Cash flows from investing activities: |
||||||||
Acquisition of business |
- |
(225 |
) |
|||||
Capitalized software development costs |
(377 |
) |
(380 |
) |
||||
Net cash used in investing activities |
(377 |
) |
(605 |
) |
||||
Cash flows from financing activities: |
||||||||
Proceeds from issuances of common stock |
- |
36 |
||||||
Net cash provided by financing activities |
- |
36 |
||||||
Net increase/(decrease) in cash and cash equivalents |
(639 |
) |
(271 |
) |
||||
Cash and cash equivalents, beginning of period |
2,641 |
3,232 |
||||||
Cash and cash equivalents, end of period |
$ |
2,002 |
$ |
2,961 |
||||
|
九个月已结束
6月30日
|
||||||||
2024 |
2023 |
|||||||
来自经营活动的现金流： |
||||||||
净额（亏损） |
$ |
(519) |
) |
$ |
(510) |
) |
||
为核对净收益与经营活动净现金而进行的调整： |
||||||||
折旧和摊销 |
3 |
3 |
||||||
无形资产的摊销 |
137 |
137 |
||||||
资本化软件的摊销 |
311 |
450 |
||||||
基于股票的薪酬 |
42 |
90 |
||||||
运营资产和负债的变化： |
||||||||
应收账款和未开票的应收账款 |
(277) |
) |
36 |
|||||
预付费用和其他流动资产 |
(51) |
) |
(83) |
) |
||||
其他长期资产 |
- |
12 |
||||||
应付账款 |
43 |
(20) |
) |
|||||
应计费用 |
(47) |
) |
325 |
|||||
递延收入 |
96 |
(142 |
) |
|||||
经营活动提供的（用于）净现金 |
(262 |
) |
298 |
|||||
来自投资活动的现金流： |
||||||||
收购业务 |
- |
(225) |
) |
|||||
资本化软件开发成本 |
(377 |
) |
(380) |
) |
||||
用于投资活动的净现金 |
(377 |
) |
(605) |
) |
||||
来自融资活动的现金流： |
||||||||
普通股发行的收益 |
- |
36 |
||||||
融资活动提供的净现金 |
- |
36 |
||||||
现金和现金等价物的净增加/（减少） |
(639) |
) |
(271 |
) |
||||
现金和现金等价物，期初 |
2641 |
3,232 |
||||||
现金和现金等价物，期末 |
$ |
2,002 |
$ |
2,961 |
||||
ALTIGEN COMMUNICATIONS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
(amounts in thousands, except per share data)
ALTIGEN 通信有限公司
合并运营报表
（未经审计）
（金额以千计，每股数据除外）
Three Months Ended |
Nine Months Ended |
|||||||||||||||
June 30, |
June 30, |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
Net revenue |
$ |
3,283 |
$ |
3,366 |
$ |
9,883 |
$ |
10,199 |
||||||||
Gross profit |
1,994 |
2,129 |
6,009 |
6,477 |
||||||||||||
Operating expenses: |
||||||||||||||||
Research and development |
945 |
1,330 |
3,383 |
3,879 |
||||||||||||
Selling, general & administrative |
980 |
946 |
3,141 |
3,063 |
||||||||||||
Operating income (loss) |
69 |
(147 |
) |
(515 |
) |
(465 |
) |
|||||||||
Interest income/(expense), net |
11 |
(36 |
) |
14 |
(36 |
) |
||||||||||
Net income (loss) before provision for income taxes |
80 |
(183 |
) |
(501 |
) |
(501 |
) |
|||||||||
Income tax benefit (expense) |
(18 |
) |
- |
(18 |
) |
(9 |
) |
|||||||||
Net income (loss) |
$ |
62 |
$ |
(183 |
) |
$ |
(519 |
) |
$ |
(510 |
) |
|||||
Per share data: |
||||||||||||||||
Basic |
$ |
0.00 |
$ |
(0.01 |
) |
$ |
(0.02 |
) |
$ |
(0.02 |
) |
|||||
Diluted |
$ |
0.00 |
$ |
(0.01 |
) |
$ |
(0.02 |
) |
$ |
(0.02 |
) |
|||||
Weighted average shares outstanding: |
||||||||||||||||
Basic |
24,919 |
24,690 |
24,919 |
24,426 |
||||||||||||
Diluted |
26,026 |
24,690 |
24,919 |
24,426 |
||||||||||||
三个月已结束 |
九个月已结束 |
|||||||||||||||
6月30日 |
6月30日 |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
净收入 |
$ |
3,283 |
$ |
3,366 |
$ |
9,883 |
$ |
10,199 |
||||||||
毛利润 |
1,994 |
2,129 |
6,009 |
6,477 |
||||||||||||
运营费用： |
||||||||||||||||
研究和开发 |
945 |
1,330 |
3,383 |
3,879 |
||||||||||||
销售、一般和管理 |
980 |
946 |
3,141 |
3,063 |
||||||||||||
营业收入（亏损） |
69 |
(147) |
) |
(515) |
) |
(465) |
) |
|||||||||
利息收入/（支出），净额 |
11 |
(36) |
) |
14 |
(36) |
) |
||||||||||
所得税准备金前的净收益（亏损） |
80 |
(183) |
) |
(501) |
) |
(501) |
) |
|||||||||
所得税优惠（费用） |
(18) |
) |
- |
(18) |
) |
(9) |
) |
|||||||||
净收益（亏损） |
$ |
62 |
$ |
(183) |
) |
$ |
(519) |
) |
$ |
(510) |
) |
|||||
每股数据： |
||||||||||||||||
基本 |
$ |
0.00 |
$ |
(0.01 |
) |
$ |
(0.02) |
) |
$ |
(0.02) |
) |
|||||
稀释 |
$ |
0.00 |
$ |
(0.01 |
) |
$ |
(0.02) |
) |
$ |
(0.02) |
) |
|||||
已发行股票的加权平均值： |
||||||||||||||||
基本 |
24,919 |
24,690 |
24,919 |
24,426 |
||||||||||||
稀释 |
26,026 |
24,690 |
24,919 |
24,426 |
||||||||||||
ALTIGEN COMMUNICATIONS, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(UNAUDITED)
(amounts in thousands, except per share data)
ALTIGEN 通信有限公司
公认会计准则与非公认会计准则财务指标的对账
（未经审计）
（金额以千计，每股数据除外）
Three Months Ended |
Nine Months Ended |
|||||||||||||||
June 30, |
June 30, |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
Reconciliation of GAAP to Non-GAAP Gross Profit: |
||||||||||||||||
GAAP gross profit |
$ |
1,994 |
$ |
2,129 |
$ |
6,009 |
$ |
6,477 |
||||||||
Amortization of capitalized software |
70 |
134 |
279 |
407 |
||||||||||||
Acquisition related expenses |
40 |
40 |
120 |
120 |
||||||||||||
Non-GAAP gross profit |
$ |
2,104 |
$ |
2,303 |
$ |
6,408 |
$ |
7,004 |
||||||||
Reconciliation of GAAP to Non-GAAP Expenses: |
||||||||||||||||
GAAP operating expenses |
$ |
1,925 |
$ |
2,276 |
$ |
6,524 |
$ |
6,942 |
||||||||
Depreciation and amortization |
1 |
1 |
3 |
3 |
||||||||||||
Amortization of capitalized software |
9 |
13 |
32 |
43 |
||||||||||||
Amortization of intangible assets |
6 |
6 |
18 |
18 |
||||||||||||
Stock-based compensation |
14 |
29 |
42 |
90 |
||||||||||||
Non-GAAP operating expenses |
$ |
1,895 |
$ |
2,227 |
$ |
6,429 |
$ |
6,788 |
||||||||
Reconciliation of GAAP to Non-GAAP Net Income: |
||||||||||||||||
GAAP net loss |
$ |
62 |
$ |
(183 |
) |
$ |
(519 |
) |
$ |
(510 |
) |
|||||
Depreciation and amortization |
1 |
1 |
3 |
3 |
||||||||||||
Amortization of capitalized software |
79 |
147 |
311 |
450 |
||||||||||||
Amortization of intangible assets |
46 |
46 |
138 |
138 |
||||||||||||
Stock-based compensation |
14 |
29 |
42 |
90 |
||||||||||||
Deferred tax asset valuation allowance |
- |
- |
- |
9 |
||||||||||||
Non-GAAP net income (loss) |
$ |
202 |
$ |
40 |
$ |
(25 |
) |
$ |
180 |
|||||||
Per share data: |
||||||||||||||||
Basic |
$ |
0.01 |
$ |
0.00 |
$ |
(0.00 |
) |
$ |
0.01 |
|||||||
Diluted |
$ |
0.01 |
$ |
0.00 |
$ |
(0.00 |
) |
$ |
0.01 |
|||||||
Weighted average shares outstanding: |
||||||||||||||||
Basic |
24,919 |
24,690 |
24,919 |
24,426 |
||||||||||||
Diluted |
26,026 |
25,691 |
24,919 |
25,514 |
||||||||||||
三个月已结束 |
九个月已结束 |
|||||||||||||||
6月30日 |
6月30日 |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
GAAP与非GAAP毛利润的对账： |
||||||||||||||||
GAAP 毛利 |
$ |
1,994 |
$ |
2,129 |
$ |
6,009 |
$ |
6,477 |
||||||||
资本化软件的摊销 |
70 |
134 |
279 |
407 |
||||||||||||
收购相关费用 |
40 |
40 |
120 |
120 |
||||||||||||
非公认会计准则毛利 |
$ |
2,104 |
$ |
2,303 |
$ |
6,408 |
$ |
7,004 |
||||||||
GAAP与非公认会计准则支出的对账： |
||||||||||||||||
GAAP 运营费用 |
$ |
1,925 |
$ |
2,276 |
$ |
6,524 |
$ |
6,942 |
||||||||
折旧和摊销 |
1 |
1 |
3 |
3 |
||||||||||||
资本化软件的摊销 |
9 |
13 |
32 |
43 |
||||||||||||
无形资产的摊销 |
6 |
6 |
18 |
18 |
||||||||||||
基于股票的薪酬 |
14 |
29 |
42 |
90 |
||||||||||||
非公认会计准则运营费用 |
$ |
1,895 |
$ |
2,227 |
$ |
6,429 |
$ |
6,788 |
||||||||
公认会计原则与非公认会计准则净收入的对账： |
||||||||||||||||
GAAP 净亏损 |
$ |
62 |
$ |
(183) |
) |
$ |
(519) |
) |
$ |
(510) |
) |
|||||
折旧和摊销 |
1 |
1 |
3 |
3 |
||||||||||||
资本化软件的摊销 |
79 |
147 |
311 |
450 |
||||||||||||
无形资产的摊销 |
46 |
46 |
138 |
138 |
||||||||||||
基于股票的薪酬 |
14 |
29 |
42 |
90 |
||||||||||||
递延所得税资产估值补贴 |
- |
- |
- |
9 |
||||||||||||
非公认会计准则净收益（亏损） |
$ |
202 |
$ |
40 |
$ |
(25) |
) |
$ |
180 |
|||||||
每股数据： |
||||||||||||||||
基本 |
$ |
0.01 |
$ |
0.00 |
$ |
(0.00 |
) |
$ |
0.01 |
|||||||
稀释 |
$ |
0.01 |
$ |
0.00 |
$ |
(0.00 |
) |
$ |
0.01 |
|||||||
已发行股票的加权平均值： |
||||||||||||||||
基本 |
24,919 |
24,690 |
24,919 |
24,426 |
||||||||||||
稀释 |
26,026 |
25,691 |
24,919 |
25,514 |
||||||||||||
Non-GAAP Financial Measures
非公认会计准则财务指标
In calculating non-GAAP financial measures, we exclude certain items to facilitate a review of the comparability of our core operating performance on a period-to-period basis. These non-GAAP financial measures exclude stock-based compensation expense, amortization of acquired intangible assets, depreciation and amortization expenses, acquisition-related costs, change in deferred tax asset valuation allowance, litigation costs and other non-recurring or unusual charges or benefits that may arise from time to time that we do not consider to be directly related to core operating performance. We use non-GAAP measures to evaluate the core operating performance of our business and to perform financial planning. Since we find these measures to be useful, we believe that investors benefit from seeing results reviewed by management in addition to seeing GAAP results. We believe that these non-GAAP measures, when read in conjunction with our GAAP financials, provide useful information to investors by facilitating: (i) the comparability of our on-going operating results over the periods presented and (ii) the ability to identify trends in our underlying business.
在计算非公认会计准则财务指标时，我们排除某些项目，以便于逐期审查我们的核心经营业绩的可比性。这些非公认会计准则财务指标不包括股票薪酬支出、收购的无形资产摊销、折旧和摊销费用、收购相关成本、递延所得税资产估值补贴的变化、诉讼费用以及可能不时产生的其他我们认为与核心经营业绩没有直接关系的非经常性或不寻常的费用或收益。我们使用非公认会计准则衡量标准来评估我们业务的核心经营业绩并进行财务规划。由于我们认为这些衡量标准很有用，因此我们认为，除了看到GAAP业绩外，投资者还会从看到管理层审查的业绩中受益。我们认为，这些非公认会计准则指标与我们的GAAP财务状况结合起来可以为投资者提供有用的信息，它促进了：（i）我们在报告所述期间的持续经营业绩的可比性，以及（ii）识别标的业务趋势的能力。
SOURCE: Altigen Technologies
来源：Altigen 科技
