Cash flow Altigen Communications, Inc.

Equities

ATGN

US0214891097

IT Services & Consulting

Market Closed - OTC Markets Other stock markets 03:34:29 2024-09-20 pm EDT			5-day change	1st Jan Change
0.6100 ^USD	+3.39%		+3.39%	+1.67%

Aug. 01	Altigen Communications, Inc., Q3 2024 Earnings Call, Aug 01, 2024
Aug. 01	Earnings Flash (ATGN) ALTIGEN TECHNOLOGIES Posts Q3 Revenue $3.3M	MT

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Published financial data: ALTIGEN COMMUNICATIONS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	10.63M	11.77M	10.99M	11.89M	13.68M
Total Revenues	10.63M	11.77M	10.99M	11.89M	13.68M
Cost of Goods Sold, Total	1.98M	2.7M	3.07M	3.8M	5.03M
Gross Profit	8.65M	9.07M	7.92M	8.09M	8.65M
Selling General & Admin Expenses, Total	3.93M	4.12M	3.78M	3.44M	4.02M
R&D Expenses	2.56M	2.64M	3.85M	4.65M	5.07M
Other Operating Expenses, Total	6.49M	6.75M	7.62M	8.09M	9.08M
Operating Income	2.16M	2.32M	293K	7K	-436K
Interest Expense, Total	-17K	-1K	-	-	-74K
Interest And Investment Income	43K	30K	-	1K	2K
Net Interest Expenses	26K	29K	-	1K	-72K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	2.19M	2.34M	293K	8K	-508K
Merger & Related Restructuring Charges	-	-	-	-587K	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-13K	-266K	-313K	-	-
Other Unusual Items	36K	-	804K	-	-
EBT, Incl. Unusual Items	2.21M	2.08M	784K	-579K	-508K
Income Tax Expense	292K	632K	1.28M	119K	2.82M
Earnings From Continuing Operations	1.92M	1.45M	-491K	-698K	-3.32M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.92M	1.45M	-491K	-698K	-3.32M
Net Income - (IS)	1.92M	1.45M	-491K	-698K	-3.32M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	1.92M	1.45M	-491K	-698K	-3.32M
Net Income to Common Excl. Extra Items	1.92M	1.45M	-491K	-698K	-3.32M
Per Share Items
Net EPS - Basic	0.08	0.06	-0.02	-0.03	-0.14
Basic EPS - Continuing Operations	0.08	0.06	-0.02	-0.03	-0.14
Basic Weighted Average Shares Outstanding	22.88M	22.96M	23.28M	24.02M	24.55M
Net EPS - Diluted	0.07	0.06	-0.02	-0.03	-0.14
Diluted EPS - Continuing Operations	0.07	0.06	-0.02	-0.03	-0.14
Diluted Weighted Average Shares Outstanding	25.66M	25.44M	23.28M	24.02M	24.55M
Normalized Basic EPS	0.06	0.06	0.01	0	-0.01
Normalized Diluted EPS	0.05	0.06	0.01	0	-0.01
Supplemental Items
EBITDA	2.22M	2.52M	495K	243K	-249K
EBITA	2.17M	2.48M	467K	228K	-253K
EBIT	2.16M	2.32M	293K	7K	-436K
EBITDAR	2.65M	-	-	-	-
Total Revenues (As Reported)	10.63M	11.77M	10.99M	11.89M	13.68M
Effective Tax Rate - (Ratio)	13.22	30.41	162.63	-20.55	-554.33
Current Domestic Taxes	32K	60K	-33K	15K	60K
Total Current Taxes	32K	60K	-33K	15K	60K
Deferred Domestic Taxes	260K	572K	1.31M	104K	2.76M
Total Deferred Taxes	260K	572K	1.31M	104K	2.76M
Normalized Net Income	1.37M	1.46M	183K	5K	-318K
Interest on Long-Term Debt	17K	1K	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	2.08M	2.25M	2.07M	1.51M	1.66M
General and Administrative Expenses	1.85M	1.87M	1.7M	1.93M	2.35M
Research And Development Expense From Footnotes	2.68M	2.96M	4.49M	5.39M	5.65M
Net Rental Expense, Total	429K	-	-	-	-
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	-
Stock-Based Comp., S&M Exp. (Total)	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	20K	18K	143K	93K	119K
Total Stock-Based Compensation	20K	18K	143K	93K	119K

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.36M	6.66M	6.8M	3.23M	2.64M
Total Cash And Short Term Investments	4.36M	6.66M	6.8M	3.23M	2.64M
Accounts Receivable, Total	371K	413K	596K	1.22M	1.5M
Other Receivables	-	-	-	-	-
Total Receivables	371K	413K	596K	1.22M	1.5M
Inventory	-	-	-	-	-
Prepaid Expenses	287K	158K	145K	206K	236K
Restricted Cash	-	-	-	-	-
Total Current Assets	5.02M	7.23M	7.54M	4.66M	4.37M
Gross Property Plant And Equipment	940K	1.82M	1.78M	1.14M	624K
Accumulated Depreciation	-856K	-896K	-924K	-560K	-320K
Net Property Plant And Equipment	84K	919K	853K	579K	304K
Goodwill	-	-	-	2.72M	2.72M
Other Intangibles, Total	1.55M	2.41M	2.1M	3.21M	2.78M
Deferred Tax Assets Long-Term	8.45M	7.9M	6.6M	6.49M	3.74M
Other Long-Term Assets, Total	36K	30K	45K	37K	-
Total Assets	15.14M	18.5M	17.14M	17.7M	13.92M
Liabilities
Accounts Payable, Total	83K	97K	86K	53K	58K
Accrued Expenses, Total	705K	967K	838K	894K	872K
Short-term Borrowings	-	804K	-	-	-
Current Portion of Leases	-	231K	311K	383K	324K
Unearned Revenue Current, Total	890K	837K	696K	566K	477K
Other Current Liabilities	-	-	-	500K	510K
Total Current Liabilities	1.68M	2.94M	1.93M	2.4M	2.24M
Long-Term Leases	-	706K	570K	233K	-
Unearned Revenue Non Current	233K	201K	166K	206K	134K
Other Non Current Liabilities	62K	-	-	670K	208K
Total Liabilities	1.97M	3.84M	2.67M	3.5M	2.58M
Common Stock, Total	23K	23K	24K	24K	24K
Additional Paid In Capital	71.89M	71.94M	72.24M	72.67M	73.13M
Retained Earnings	-57.19M	-55.74M	-56.23M	-56.93M	-60.25M
Treasury Stock	-1.56M	-1.56M	-1.56M	-1.56M	-1.56M
Total Common Equity	13.16M	14.65M	14.47M	14.2M	11.34M
Total Equity	13.16M	14.65M	14.47M	14.2M	11.34M
Total Liabilities And Equity	15.14M	18.5M	17.14M	17.7M	13.92M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	22.91M	23.02M	23.75M	24.22M	24.92M
ECS Total Common Shares Outstanding	22.91M	23.02M	23.75M	24.22M	24.92M
Book Value / Share	0.57	0.64	0.61	0.59	0.46
Tangible Book Value	11.62M	12.24M	12.37M	8.26M	5.83M
Tangible Book Value Per Share	0.51	0.53	0.52	0.34	0.23
Total Debt	0	1.74M	881K	616K	324K
Net Debt	-4.36M	-4.92M	-5.92M	-2.62M	-2.32M
Debt Equivalent Oper. Leases	3.43M	-	-	-	-
Account Code - Inventory Valuation	3	3	3	-	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Machinery, Total	495K	495K	495K	409K	172K
Full Time Employees	53	64	61	-	69
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	75K	40K

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	1.92M	1.45M	-491K	-698K	-3.32M
Depreciation & Amortization - CF	47K	40K	28K	15K	4K
Amortization of Goodwill and Intangible Assets - (CF)	11K	166K	174K	221K	183K
Depreciation & Amortization, Total	58K	206K	202K	236K	187K
Amortization of Deferred Charges, Total - (CF)	114K	325K	646K	743K	587K
(Gain) Loss From Sale Of Asset	-	-	-	5K	-
Asset Writedown & Restructuring Costs	-	-	92K	189K	131K
Stock-Based Compensation (CF)	20K	18K	143K	93K	119K
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	260K	548K	504K	104K	2.76M
Change In Accounts Receivable	160K	-42K	-183K	-624K	-275K
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	20K	14K	-11K	-33K	5K
Change in Unearned Revenues	-139K	-85K	-176K	-90K	-161K
Change in Other Net Operating Assets	997K	391K	-137K	57K	37K
Cash from Operations	3.41M	2.82M	589K	-18K	62K
Capital Expenditure	-53K	-	-11K	-	-
Cash Acquisitions	-	-	-	-2.99M	-
Sale (Purchase) of Intangible assets	-1.35M	-1.35M	-603K	-594K	-471K
Other Investing Activities, Total	-25K	6K	-	-	-
Cash from Investing	-1.42M	-1.35M	-614K	-3.58M	-471K
Short Term Debt Issued, Total	-	804K	-	-	-
Total Debt Issued	-	804K	-	-	-
Short Term Debt Repaid, Total	-719K	-	-	-	-
Total Debt Repaid	-719K	-	-	-	-
Issuance of Common Stock	14K	24K	165K	35K	43K
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-225K
Cash from Financing	-705K	828K	165K	35K	-182K
Net Change in Cash	1.28M	2.3M	140K	-3.57M	-591K
Supplemental Items
Levered Free Cash Flow	1.9M	952K	109K	190K	-298K
Unlevered Free Cash Flow	1.91M	953K	109K	190K	-252K
Change In Net Working Capital	-1.76M	-310K	451K	292K	401K
Net Debt Issued / Repaid	-719K	804K	-	-	-

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	9.15	8.6	1.03	0.03	-1.72
Return on Total Capital	10.76	9.79	1.15	0.03	-2.06
Return On Equity %	15.73	10.4	-3.37	-4.87	-26.03
Return on Common Equity	15.73	10.4	-3.37	-4.87	-26.03
Margin Analysis
Gross Profit Margin %	81.38	77.04	72.03	68.06	63.21
SG&A Margin	36.94	34.98	34.35	28.89	29.37
EBITDA Margin %	20.86	21.42	4.5	2.04	-1.82
EBITA Margin %	20.42	21.08	4.25	1.92	-1.85
EBIT Margin %	20.32	19.67	2.67	0.06	-3.19
Income From Continuing Operations Margin %	18.03	12.28	-4.47	-5.87	-24.3
Net Income Margin %	18.03	12.28	-4.47	-5.87	-24.3
Net Avail. For Common Margin %	18.03	12.28	-4.47	-5.87	-24.3
Normalized Net Income Margin	12.85	12.44	1.67	0.04	-2.32
Levered Free Cash Flow Margin	17.83	8.09	0.99	1.6	-2.18
Unlevered Free Cash Flow Margin	17.93	8.09	0.99	1.6	-1.84
Asset Turnover
Asset Turnover	0.72	0.7	0.62	0.68	0.87
Fixed Assets Turnover	131.26	23.47	12.4	16.61	30.99
Receivables Turnover (Average Receivables)	23.57	30.03	21.78	13.1	10.08
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	2.99	2.46	3.9	1.94	1.95
Quick Ratio	2.82	2.41	3.83	1.86	1.85
Operating Cash Flow to Current Liabilities	2.03	0.96	0.31	-0.01	0.03
Days Sales Outstanding (Average Receivables)	15.48	12.19	16.76	27.87	36.22
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	13.36	12.19	10.86	6.68	4.02
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	-	11.88	6.09	4.34	2.86
Total Debt / Total Capital	-	10.62	5.74	4.16	2.78
LT Debt/Equity	-	4.82	3.94	1.64	-
Long-Term Debt / Total Capital	-	4.31	3.71	1.57	-
Total Liabilities / Total Assets	13.03	20.78	15.56	19.8	18.55
EBIT / Interest Expense	127.06	2.32K	-	-	-5.89
EBITDA / Interest Expense	130.47	2.95K	-	-	-3.36
(EBITDA - Capex) / Interest Expense	127.35	2.95K	-	-	-3.36
Total Debt / EBITDA	-	0.59	1.78	2.53	-1.3
Net Debt / EBITDA	-1.96	-1.67	-11.96	-10.77	9.31
Total Debt / (EBITDA - Capex)	-	0.59	1.82	2.53	-1.3
Net Debt / (EBITDA - Capex)	-2.01	-1.67	-12.23	-10.77	9.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.3	10.72	-6.64	8.2	15.05
Gross Profit, 1 Yr. Growth %	3.53	4.82	-12.71	2.24	6.86
EBITDA, 1 Yr. Growth %	23.36	13.66	-80.36	-50.91	-202.47
EBITA, 1 Yr. Growth %	23.84	14.28	-81.18	-51.18	-210.96
EBIT, 1 Yr. Growth %	23.22	7.18	-87.34	-97.61	-6.33K
Earnings From Cont. Operations, 1 Yr. Growth %	-80.52	-24.57	-133.96	42.16	376.22
Net Income, 1 Yr. Growth %