-
Magic Messi makes World Cup history to send Argentina into last 32
-
French TV presenter stood down over Doku World Cup comments
-
Ghana coach Queiroz says playing England 'easiest' World Cup game
-
Messi sets World Cup scoring record with 17th goal
-
Former Bayern stalwart Demichelis takes over at RB Leipzig
-
Colombian leftist candidate calls for calm after post-vote violence
-
Britons cautiously optimistic after PM's resignation
-
Latest developments in Europe's heatwave
-
Draper makes winning return at Eastbourne with Murray on his side
-
IMF director says Iran war fallout creating 'difficult moment' for Africa
-
Argentina fans defiant, 40 years on from Maradona's 'Hand of God'
-
Hormuz: Traffic flows despite Iran's closure announcement
-
Wikipedia won't let AI edit articles, cofounder says
-
Clive Davis: the starmaker who shaped modern music
-
Uncapped Coles named in England's T20 squad to face India
-
Qatar gas plant blast kills 13, injures dozens
-
Andy Burnham: 'King of the North' eyes Downing Street throne
-
Oil falls as US waives Iranian crude sanctions
-
Dangerous 'heat stress' has surged worldwide, study shows
-
England captain Itoje rested for Nations Championship
-
Interstellar comet likely far older than Solar System: astronomers
-
Antoine Semenyo, Ghana's man on the inside and England threat
-
Man Utd secure land for proposed new 100,000-capacity stadium
-
Two children found dead in car as France faces hottest day of heatwave
-
Two children die in France as heatwave blasts Europe
-
Stokes and Atkinson cleared by Cricket Regulator after nightclub incident
-
Ex-Wimbledon champion Vondrousova banned four years for refusing drugs test
-
Veteran Le Roy named new coach of Congo
-
Milan-Cortina chief Malago elected new head of Italian FA
-
Germany's Schlotterbeck out of World Cup with ankle injury
-
Any unfreezing of Iranian funds will not finance terrorism: Vance
-
Vance hails 'good foundation' for Iran deal after direct talks
-
Alan Greenspan: longtime Fed chief with a divided legacy
-
Leinster boss Cullen to step down at end of next season
-
'Has-been' Belgium stars scorched after Iran World Cup draw
-
Oil falls on US-Iran progress; pound holds up as Starmer resigns
-
Starmer resigns as UK PM, Burnham favourite to take over
-
France, Germany reach deal on arms maker KNDS, paving way for IPO
-
Latest developments on Europe's heatwave
-
France set for hottest day yet of heatwave
-
Keir Starmer: downfall of UK's unpopular PM
-
Gaza's surfers seek solace in the sea
-
MEXC Lists Arcium (ARX) with 70,000 USDT in Airdrop+ Rewards
-
EasyJet rejects £5 bn takeover offer from US equity firm
-
Europe scorched by latest heatwave
-
UK's Starmer resigns as prime minister
-
Coffee break: Starbucks Korea stores pause for training after 'Tank Day' fiasco
-
Rightist leaders congratulate Colombian president-elect
-
Rare Philippine school shooting kills three teens, wounds seven
-
Kenya labour minister accused over Russian forced recruitment
Altigen Technologies Reports First Quarter Fiscal 2026 Results
NEWARK, CALIFORNIA / ACCESS Newswire / February 3, 2026 / Altigen Technologies (OTCQB:ATGN), a leading Silicon Valley-based Microsoft Cloud Communications Solutions provider, announced today its financial results for the first quarter ended December 31, 2025.
"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)
Fiscal | Fiscal | Fiscal | Fiscal | Fiscal | ||||||
1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q25 | ||||||
Total Revenue | $ | 3,173 | $ | 3,472 | $ | 3,517 | $ | 3,500 | $ | 3,378 |
Cloud Services | 1,429 | 1,635 | 1,666 | 1,856 | 1,720 | |||||
Services and Other | 1,493 | 1,602 | 1,596 | 1,362 | 1,366 | |||||
Legacy Products | 252 | 235 | 256 | 282 | 292 | |||||
Software Assurance | 221 | 213 | 242 | 268 | 278 | |||||
Perpetual Software License | 31 | 22 | 14 | 14 | 14 | |||||
GAAP Operating (Loss) / Income | $ | 88 | $ | 198 | $ | 125 | $ | 283 | $ | 75 |
Operating Margin | 3 | % | 6 | % | 4 | % | 8 | % | 2 | % |
GAAP Net Income/(Loss) | 101 | $ | 254 | $ | 110 | $ | 287 | $ | 87 | |
Adjusted EBITDA (1) | 257 | 356 | 645 | 314 | 291 | |||||
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)
December 31, | September 30, | |||
2025 | 2025 | |||
(1) | ||||
ASSETS | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 2,552 | $ | 2,750 |
Accounts receivable, net | 2,241 | 2,428 | ||
Other current assets | 271 | 183 | ||
Total current assets | 5,064 | 5,361 | ||
Operating lease right-of-use assets | 35 | 40 | ||
Goodwill | 2,725 | 2,725 | ||
Property, plant, and equipment, net | 51 | 57 | ||
Intangible assets, net | 1,035 | 1,074 | ||
Capitalized software development cost, net | 1,755 | 1,621 | ||
Deferred tax asset | 5,362 | 5,347 | ||
Other long-term assets | 12 | 20 | ||
Total assets | 16,039 | 16,245 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
Current lhttps://www.altigen.com/investor-relations-2/lities: | ||||
Accounts payable | $ | 197 | $ | 608 |
Accrued compensation and benefits | 556 | 625 | ||
Accrued expenses | 248 | 221 | ||
Deferred consideration | 372 | 372 | ||
Operating lease lhttps://www.altigen.com/investor-relations-2/lities - current | 25 | 24 | ||
Deferred revenue - current | 725 | 563 | ||
Total current lhttps://www.altigen.com/investor-relations-2/lities | 2,124 | 2,413 | ||
Operating lease lhttps://www.altigen.com/investor-relations-2/lities - long-term | 19 | 25 | ||
Deferred revenue - long-term | 58 | 77 | ||
Total lhttps://www.altigen.com/investor-relations-2/lities | 2,200 | 2,515 | ||
Stockholders' equity: | ||||
Common stock | 25 | 25 | ||
Treasury stock | (1,579 | ) | (1,579 | ) |
Additional paid-in capital | 73,247 | 73,240 | ||
Accumulated deficit | (57,854 | ) | (57,956 | ) |
Total stockholders' equity | 13,839 | 13,730 | ||
Total lhttps://www.altigen.com/investor-relations-2/lities and stockholders' equity | $ | 16,039 | $ | 16,245 |
(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)
Three Months Ended | ||||||
December 31, | ||||||
2025 | 2024 | |||||
Net revenue | $ | 3,173 | $ | 3,378 | ||
Gross profit | 1,954 | 2,130 | ||||
Operating expenses: | ||||||
Research and development | 296 | 251 | ||||
Sales, general & administrative | 1,569 | 1,804 | ||||
Operating income (loss) | 88 | 75 | ||||
Interest and other income | 14 | - | ||||
Interest expense and other expense | (2 | ) | 12 | |||
Net income (loss) before income taxes | 101 | 87 | ||||
Benefit (provision) for income taxes (1) | - | - | ||||
Net income (loss) | $ | 101 | $ | 87 | ||
Net income (loss) per share | ||||||
Basic | $ | 0.00 | $ | 0.01 | ||
Diluted | $ | 0.00 | $ | 0.01 | ||
Weighted average shares used in computing net income (loss) per share | ||||||
Basic | 25,860 | 24,919 | ||||
Diluted | 25,939 | 25,347 | ||||
ALTIGEN COMMUNICATIONS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
Three Months Ended | ||||||
December 31, | ||||||
2025 | 2024 | |||||
Cash flows from operating activities: | ||||||
Net income (loss) | $ | 101 | $ | 87 | ||
Adjustments to reconcile net income (loss) to net cash from operating activities: | ||||||
Impairment of capitalized software | 88 | - | ||||
Deferred income tax expense | (15 | ) | ||||
Amortization of intangible assets | 46 | 47 | ||||
Amortization of capitalized software | 42 | 35 | ||||
Stock-based compensation | 7 | 18 | ||||
Changes in operating assets and lhttps://www.altigen.com/investor-relations-2/lities: | ||||||
Accounts receivable and unbilled accounts receivable | 187 | (440 | ) | |||
Prepaid expenses and other current assets | (88 | ) | (110 | ) | ||
Other long-term assets | 7 | - | ||||
Accounts payable | (410 | ) | 455 | |||
Accrued expenses | (41 | ) | (281 | ) | ||
Deferred revenue | 143 | 94 | ||||
Lease Lhttps://www.altigen.com/investor-relations-2/lity | (1 | ) | - | |||
Net cash provided by operating activities | 66 | (95 | ) | |||
Cash flows from investing activities: | ||||||
Capitalized software development costs | (264 | ) | (231 | ) | ||
Net cash used in investing activities | (264 | ) | (231 | ) | ||
Cash flows from financing activities: | ||||||
Repurchase of common stock | - | (14 | ) | |||
Net cash used in financing activities | - | (14 | ) | |||
Net increase (decrease) in cash and cash equivalents | (198 | ) | (340 | ) | ||
Cash and cash equivalents, beginning of year | 2,750 | 2,575 | ||||
Cash and cash equivalents, end of year | $ | 2,552 | $ | 2,235 | ||
SOURCE: Altigen Technologies
View the original press release on ACCESS Newswire
L.Miller--AMWN