American Marconi Wireless News - Altigen Technologies Reports First Quarter Fiscal 2026 Results

"Our fiscal first quarter represented our 7th consecutive quarter of profitability," said Jeremiah Fleming, Altigen Chairman & CEO. "This demonstrates our commitment to maintaining profitability through short term revenue declines driven by our transition to new technology platforms. We believe the majority of this impact is now behind us and are well positioned for growth in the second half of fiscal 2026."

Key Financial Highlights (1Q 2026 versus 1Q 2025)

• Net Revenue decreased 6% to $3.2 million

• Gross margin declined slightly to 62%, compared with 63%

• Operating expenses decreased 9% to $1.9M

• GAAP net income was $101 thousand, compared with $87 thousand.

• EPS per share was $0.00 vs $0.00

Trended Financial Information
(in thousands, except for EPS and percentages)

1. Adjusted EBITDA excludes one-time litigation costs and other non-recurring or unusual charges 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 #363285. To access the replay, dial (877) 481-4010 (domestic) or (919) 882-2331 (international), conference ID #53480. 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 the Bay area with operations strategically located in five countries spanning three continents. 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.
CONSOLIDATED BALANCE SHEETS
(In thousands, except shares and per share data)

(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, 2025

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(In thousands, except per share data)

ALTIGEN COMMUNICATIONS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)

SOURCE: Altigen Technologies

View the original press release on ACCESS Newswire

L.Miller--AMWN