American Marconi Wireless News - Altigen Technologies Reports Full Year and Fourth Quarter Fiscal 2025 Results

"Our fiscal fourth quarter represented our sixth consecutive quarter of profitability," said Jeremiah Fleming, Altigen President & CEO. "Our business transformation initiative began with operational improvements which significantly improved our bottom line. In FY25 we introduced an all-new solutions portfolio, the success of which has continued to grow throughout the year. We expect to realize increasing growth as our solutions continue to gain market adoption."

Key Financial Highlights (Fiscal 2025 versus Fiscal 2024)

• NetRevenue was $13.9 million, compared with $13.6 million;

• Cloud services revenue was $6.9 million, compared with $7.1 million;

• Services revenue was $5.9 million, compared with $5.2 million;

• Gross margin increased to 63%, compared with 62% in the previous year;

• GAAP net income totaled $0.7 million, with diluted EPS of $0.03; compared to $1.6M, with diluted EPS of $0.06, respectively.

• Net Revenue decreased 7% to $3.5 million

• Cloud services revenue decreased 3% to $1.6 million;

• Service and Other revenue decreased 7% to $1.6 million;

• Gross margin decreased to 63%, compared with 64%;

• GAAP net income was $254 thousand, compared with $2.0 million;

• EPS per share was $0.01 vs $0.08

Key Financial Highlights (4Q 2025 versus 4Q 2024)

• Net Revenue decreased 7% to $3.5 million

• Cloud services revenue decreased 3% to $1.6 million;

• Service and Other revenue decreased 7% to $1.6 million;

• Gross margin decreased to 63%, compared with 64%;

• GAAP net income was $254 thousand, compared with $2.0 million;

• EPS per share was $0.01 vs $0.08

Select Financial Metrics: Fiscal 2025 versus Fiscal 2024

1. Adjusted EBITDA excludes one-time litigation costs, other non-recurring or unusual charges, and other immaterial items that may arise from time to time that we do not consider to be directly related to core operating performance.

Trended Financial Information

1. Adjusted EBITDA excludes one-time litigation costs, other non-recurring or unusual charges, and other immaterial items that may arise from time to time that we do not consider to be directly related to core operating performance.

Conference Call

Altigen will be discussing its financial results and outlook on a conference call today at 1:00 p.m. Pacific Time (4:00 p.m. ET). The conference call can be accessed by dialing (888) 506-0062 (domestic) or (973) 528-0011 (international), conference ID #539578. To access the replay, dial (877) 481-4010 (domestic) or (919) 882-2331 (international), conference ID #53128. A web archive will be made available at www.altigen.com for 90 days following the call's conclusion.

About Altigen Technologies

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 around the world. For more information, call 1-888-ALTIGEN or visit our website at www.altigen.com.

Safe Harbor Statement

This press release contains forward‐looking information. The statements are based on reasonable assumptions, beliefs and expectations of management and the Company provides no assurance that actual events will meet management's expectations. Furthermore, the forward-looking statements contained in this press release are based on the Company's views of future events and financial performances which are subject to known and unknown risks and uncertainties, including, but not limited to, statements regarding the Company's operational improvements, performance enhancements, AI solution development, and expectations for sustainable growth. There can be no assurances that the Company will achieve the expected results, and actual results may be materially different than expectations and from those stated or implied in forward-looking statements.

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. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. The Company does not undertake any obligation to update any forward-looking statements.

Contact:

• Altigen Communications, Inc.

• Investor Relations - [email protected]

ALTIGEN COMMUNICATIONS, INC.
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ALTIGEN COMMUNICATIONS, INC.
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(1) The Company's fourth quarter fiscal year 2025 results include a non-cash tax expense of $0.3 million, resulting from the differences between the Company's income tax rate and the statutory rate while the Company's fourth quarter fiscal year 2024 results include a non-cash tax benefit of approximately $1.9 million, primarily due to the release of the valuation allowance for deferred tax assets.

ALTIGEN COMMUNICATIONS, INC.
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SOURCE: Altigen Technologies

View the original press release on ACCESS Newswire

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