Altigen Q3 revenue falls 14% year over year
Altigen Q3 revenue falls 14% year over year
Overview
US cloud communications provider's fiscal Q3 revenue fell 14% yr/yr
Non-GAAP net income for fiscal Q3 declined from prior year
Company says new contracted cloud recurring revenue exceeded churn for first time in years
Outlook
Company expects positive trend in cloud recurring revenue to continue
Altigen anticipates renewed top-line growth in coming quarters
Result Drivers
CLOUD REVENUE INFLECTION - Co said new contracted cloud recurring revenue exceeded churn for first time in several years, which management described as a significant inflection point
Company press release: ID:nACSrLL96a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $3.02 mln |
|
Q3 EPS |
| $0 |
|
Q3 Adjusted Net Income |
| $190,000 |
|
Q3 Net Income |
| $15,000 |
|
Q3 Adjusted EBITDA |
| $423,000 |
|
Q3 Operating Income |
| $24,000 |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)