AltiGen Communications, Inc. Reports Third Quarter and Nine Months Fiscal Year 2012 Financial Results
(firmenpresse) - SAN JOSE, CA -- (Marketwire) -- 07/25/12 -- AltiGen Communications, Inc. (OTCQX: ATGN) (PINKSHEETS: ATGN), the leading provider of integrated Microsoft-based Unified Communications solutions, announced today its third quarter ended June 30, 2012 financial results.
Net revenue for the third quarter was $4.0 million, a decrease of 13% from the $4.6 million reported in the second quarter of fiscal 2012, and a decrease of 11% from the $4.5 million reported in the comparable period last year. Gross margin in the third quarter of fiscal 2012 was 65.1%, compared to 64.5% in the preceding quarter, and compared to 64.7% for the same period in fiscal 2011.
Operating expenses totaled $2.8 million, compared to $2.9 million reported in the preceding quarter, and compared to $3.8 million for the prior year's second quarter. Net loss from continuing operations for the third quarter of fiscal 2012 was $193,000, or $0.01 per basic share. This compares with net earnings of $15,000, or $0.00 per diluted share in the second quarter of fiscal 2012, and a net loss of $892,000, or $0.05 per basic share in the year-ago quarter.
The Company reported revenue for the nine-month period of $13.4 million, an increase of 0.6% compared to $13.3 million for the comparable period last year. Gross margin for the nine months ended June 30, 2012 and 2011, respectively, was 66.5%. Net loss for the nine month period was $187,000, or $0.01 per basic share, compared to net loss of $1.8 million, or $0.11 per basic share for the comparable period last year.
Total cash and cash equivalents at June 30, 2012 was $4.1 million, compared to $4.4 million reported in the second quarter of fiscal 2012. The decrease was primarily due to cash used in operations during the quarter.
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) 407-8035 (domestic) or (201) 689-8035 (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 #397763. 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.
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.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 25.07.2012 - 20:05 Uhr
Sprache: Deutsch
News-ID 168772
Anzahl Zeichen: 0
contact information:
Town:
SAN JOSE, CA
Kategorie:
Networking
Diese Pressemitteilung wurde bisher 189 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"AltiGen Communications, Inc. Reports Third Quarter and Nine Months Fiscal Year 2012 Financial Results"
steht unter der journalistisch-redaktionellen Verantwortung von
AltiGen Communications (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
