AltiGen Communications, Inc. Reports Second Quarter and First Six Months Fiscal Year 2012 Financial Results
(firmenpresse) - SAN JOSE, CA -- (Marketwire) -- 04/18/12 -- AltiGen Communications, Inc. (OTCQX: ATGN) (PINKSHEETS: ATGN), the leading provider of integrated Microsoft-based Unified Communications solutions, announced today its second quarter ended March 31, 2012 financial results.
Second quarter revenue up 10% over prior year quarter
Operating expenses reduced by $500,000 versus prior year
Net profit of $15,000 versus net loss of $576,000 over prior year quarter
Cash and cash equivalents were $4.4 million as of March 31, 2012, an increase of 3% from the $4.3 million reported in the first quarter of fiscal 2012.
Revenue for the second quarter of fiscal 2012 was $4.6 million, compared to $4.2 million during the same period in fiscal 2011. Gross margin in the second quarter of fiscal 2012 was 64.5%, compared to 67.3% during the second quarter of fiscal 2011. Operating expenses totaled $2.9 million, compared to $3.4 during the same period a year ago. For the six month of the year, revenue was $9.4 million, compared to $8.9 million during the same period in fiscal 2011. Gross margin for the six months ended March 30, 2012 and 2011, respectively, was 67%.
Our net earnings this quarter were $15,000 ($0.00 per share diluted), compared to net loss of $576,000 ($0.03 per share basic) in the second quarter of fiscal 2011. For the first six months of the year, net earnings were $6,000 ($0.00 per share diluted), compared to $948,000 ($0.06 per share basis for the first half of 2011.
Jeremiah Fleming, AltiGen's President and Chief Executive Officer, stated, "We are pleased to continue on our path toward profitability, recording a modest profit of $15,000 this quarter. Furthermore, our results for the second quarter reflect an increase in cash of approximately $115,000 over the preceding quarter. With quarterly revenue up 10% over the prior year quarter for the second successive quarter we are making meaningful progress toward our goal of profitably, growing our business and building shareholder value."
"Achieving profitability on a consistent basis and continuing our steady growth are the highest priority to AltiGen as we look to execute our fiscal 2012 goals and develop our goals for fiscal 2013," said Philip McDermott, AltiGen's CFO.
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 (877) 407-8031 (domestic) or (201) 689-8031 (international). A live webcast will also be made available at . To access the replay, dial (877) 660-6853 (domestic) or (201) 612-7415 (international), account #286 conference ID #392289. A web archive will be made available at for 90 days following the call's conclusion.
AltiGen Communications, Inc. (PINKSHEETS: ATGN) (OTCQX: ATGN) is a leading provider of 100% Microsoft-based VoIP business phone systems and Unified Communications solutions. Having more than 10,000 customers around the world, AltiGen solutions are designed for high reliability, ease of use, seamless integration to Microsoft infrastructure technologies, and are built on a scalable, open standards platform. AltiGen's worldwide headquarters is in Silicon Valley, California, with international operations based in Shanghai, China. Local sales, service and support are provided by AltiGen's worldwide network of over 300 certified partners. For more information, call 1-888-ALTIGEN or visit the web site at .
The forward-looking statements contained in this press release are based upon the Company's current expectations, beliefs, plans and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: statements regarding the continued market acceptance of our 100 percent Microsoft-based business phone systems and call center solutions, our ability to sustain profitably, growing our business and building shareholder value. Actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
The forward-looking statements contained in this press release are also subject to unknown risks and uncertainties, including but not limited to, risks related to AltiGen's limited operating history. For a more detailed description of AltiGen's performance, please refer to AltiGen's audited Annual Report filed with the OTCQX over-the-counter market for the fiscal year ended September 30, 2011. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake any obligation to update any forward-looking statements.
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Datum: 18.04.2012 - 20:05 Uhr
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