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AltiGen Communications fiscal Q2 profit falls YOY

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AltiGen Communications fiscal Q2 profit falls YOY

Altigen Communications Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to $21,880, a decline of 67.0% from $66,250 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 1.0% from 2.6% in the year-earlier period.

Total revenue decreased 14.9% on an annual basis to $2.2 million from $2.5 million, and total operating expenses declined 12.6% year over year to $2.1 million from $2.4 million.

Reported net income declined 67.0% on an annual basis to $35,000, or 0 cents per share, from $106,000, or 0 cents per share.