Altigen Communications ( (ATGN) ) has released its Q3 earnings. Here is a breakdown of the information Altigen Communications presented to its investors.
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Altigen Technologies, based in Silicon Valley, specializes in Microsoft Cloud Communications Solutions, offering services that enhance customer engagement and operational efficiency across various industries. In its latest earnings report for the third quarter of fiscal year 2025, Altigen Technologies reported a 7% increase in net revenue, reaching $3.52 million, despite a slight decline in cloud services revenue. The company also saw a significant 25% rise in service and other revenue, contributing to an improved gross margin of 63% compared to the previous year’s 61%.
The company’s GAAP net income rose to $111 thousand, up from $62 thousand in the same quarter last year, marking the fifth consecutive quarter of profitability. This performance underscores the success of Altigen’s digital transformation strategy, as highlighted by President and CEO Jeremiah Fleming. Additionally, the company’s adjusted EBITDA showed a notable increase, reflecting strong operational performance.
Altigen’s financial health is further supported by a solid balance sheet, with cash and cash equivalents increasing to $3.47 million from $2.58 million at the beginning of the year. The company continues to focus on strategic growth, leveraging its cloud communications solutions to drive digital transformation in the modern workplace.
Looking ahead, Altigen Technologies remains committed to enhancing its operational capabilities and expanding its market presence. The management is optimistic about sustaining growth through strategic initiatives and continued focus on innovation in cloud communication solutions.