trending Market Intelligence /marketintelligence/en/news-insights/trending/BTwwYTuw8Zit6_mZ7SZS4g2 content esgSubNav
In This List

AltiGen Communications fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


AltiGen Communications fiscal Q1 profit falls YOY

Altigen Communications Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was $18,750, a decline of 92.9% from $263,130 in the prior-year period.

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

The normalized profit margin fell to 0.8% from 9.9% in the year-earlier period.

Total revenue fell 16.2% year over year to $2.2 million from $2.6 million, and total operating expenses fell from the prior-year period to $2.2 million from $2.2 million.

Reported net income decreased 93.6% from the prior-year period to $29,000, or 0 cents per share, from $455,980, or 2 cents per share.