The Zacks Communication - Components industry appears mired in raw material price volatility due to elevated inventory levels amid a challenging macroeconomic environment, uncertain market conditions and geopolitical conflicts. Moreover, high capital expenditure for infrastructure upgrades for 5G deployment, inflated equipment costs, supply chain adversities albeit at diminishing pace and margin erosion have dented the industry’s profitability.Nevertheless, Harmonic Inc. (HLIT) , Ooma, Inc. (OOMA) and Audio ...

Earnings Call Supplementary Slides Safe Harbor This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical facts, including, without limitation, future financial and business performance for the first quarter 2025, attractiveness of our product offerings and platform and the value proposition of our products, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "intend," "guide," "may ...

AudioCodes (AUDC) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Company Participants Roger Chuchen - VP - Investor RelationsShabtai Adlersberg - Co-Founder, President, CEO & DirectorNiran Baruch - CFO & VP of Finance Conference Call Participants Joshua Reilly - Senior Analyst Operator Please note this conference is being recorded. I will now turn the conference over to your host, Roger Chuchen, Investor Relations. Roger, the floor is yours. Roger Chuchen Thank you, operator. Hosting the call today are Shab ...

AudioCodes (AUDC) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Speaker0 Please note this conference is being recorded. I will now turn the conference over to your host, Roger Chuchen, Investor Relations. Roger, the floor is yours. Speaker1 Thank you, operator. Hosting the call today are Shabtai Allisberg, President and Chief Executive Officer and Niran Baruch, Vice President of Finance and Chief Financial Officer. Before we begin, I'd like to remind you that the information provided during this call may c ...

AudioCodes (AUDC) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this communication components company would post earnings of $0.24 per share when it actually produced earnings of $0.37, delivering a surprise of 54.17%.Over the last four q ...

Core Insights - AudioCodes reported a slight increase in revenues for Q1 2025, reaching $60.4 million, up from $60.1 million in Q1 2024, indicating a year-over-year growth of 0.5% [2][7] - The company achieved a net income of $4.0 million, or $0.13 per diluted share, compared to $2.1 million, or $0.07 per diluted share in the same quarter last year [3][7] - Annual Recurring Revenues (ARR) grew by approximately 25% year-over-year, reaching $67 million, driven by strong performance in UCaaS and conversational AI markets [8] Financial Performance - EBITDA for Q1 2025 was reported at $4.6 million, an increase from $3.8 million in Q1 2024 [2][7] - On a Non-GAAP basis, EBITDA was $6.2 million, down from $6.7 million in Q1 2024 [3][7] - Net cash provided by operating activities was $13.5 million for the quarter, with total cash and cash equivalents amounting to $95.7 million as of March 31, 2025, compared to $93.9 million at the end of 2024 [5][7] Strategic Developments - The company is focusing on growth in Live managed services within the UCaaS and CX markets, with a 7% increase in Microsoft business during the quarter [6][8] - New product introductions in the Conversational AI space are generating significant customer interest, contributing to a robust sales pipeline [9] - The upcoming launch of a next-generation Live platform is expected to enhance growth in AI-powered value-added services in the second half of 2025 [10] Operational Challenges - AudioCodes faced lower gross profit from product sales due to new US tariffs on imports from China, prompting the company to implement measures to mitigate this impact [11][12] - The company continues to navigate macroeconomic uncertainties while progressing in its transformation into a cloud and software services provider [12] Shareholder Returns - During Q1 2025, AudioCodes repurchased 500,000 ordinary shares at a total cost of $5.2 million and declared a cash dividend of $0.18 per share, totaling approximately $5.5 million [14][13]

Details AudioCodes (NASDAQ: AUDC), a leading provider of unified communications, voice, contact center and conversational AI applications and services for enterprises, today announced the launch of Meeting Insights On- Prem, an AI-powered enterprise software solution designed to transform how organizations document and derive insights from meetings in a highly secured environment. Available exclusively for on-premises deployment, this advanced solution offers enterprise-grade security and is tailored to com ...

OR YEHUDA, Israel, April 7, 2025 /PRNewswire/ -- AudioCodes (NASDAQ: AUDC), a leading provider of voice, contact center and conversational AI applications and services for enterprises, today announced that it will release financial results for its First Quarter 2025 on Tuesday, May 6, 2025, before the market open on NASDAQ, reflecting the quarterly period ended March 31, 2025. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website.On Tuesday, May ...

Revenue Performance - Quarterly revenues decreased by 3.2% year-over-year to $61.6 million; full year 2024 revenues decreased by 0.9% to $242.2 million[1] - Quarterly service revenues increased by 10.9% year-over-year to $34.2 million; full year 2024 service revenues increased by 8.2% to $130.2 million[1] - Total revenues for the year ended December 31, 2024, were $242.176 million, a slight decrease of 0.9% compared to $244.383 million in 2023[30] - Product revenues decreased to $111.966 million in 2024 from $123.991 million in 2023, representing a decline of 9.7%[30] - Service revenues increased to $130.210 million in 2024, up 8.1% from $120.392 million in 2023[30] Profitability - Quarterly GAAP net income was $6.8 million, or $0.22 per diluted share; full year 2024 GAAP net income was $15.3 million, or $0.50 per diluted share[3] - Non-GAAP net income for the fourth quarter was $11.6 million, or $0.37 per diluted share; full year 2024 Non-GAAP net income was $27.3 million, or $0.87 per diluted share[7] - Gross profit for the year was $158.161 million, nearly unchanged from $158.349 million in 2023[30] - Operating income rose to $17.191 million in 2024, an increase of 19.5% compared to $14.424 million in 2023[30] - Net income for the year was $15.311 million, significantly higher than $8.780 million in 2023, marking a 74.5% increase[30] - Basic net earnings per share improved to $0.51 in 2024 from $0.28 in 2023[30] Cash Flow and Assets - Cash and cash equivalents decreased to $93.9 million as of December 31, 2024, from $106.7 million a year earlier[12] - Total current assets increased to $162.876 million in 2024 from $142.661 million in 2023, reflecting a growth of 14.1%[29] - Net cash provided by operating activities for the year ended December 31, 2024, was $35,253,000, up from $14,891,000 in 2023, indicating a 136.5% increase[35] - The company reported a net increase in cash, cash equivalents, and restricted cash of $28,203,000 for the year ended December 31, 2024, compared to $6,011,000 in 2023[36] - The total cash, cash equivalents, and restricted cash at the end of the period was $58,749,000, up from $30,546,000 at the beginning of the period[36] Shareholder Returns - A semi-annual dividend of 18 cents per share was declared, amounting to approximately $5.3 million, payable on March 6, 2025[19] - The company declared a semi-annual dividend of $0.18 per share[30] - Cash dividends paid to shareholders decreased slightly to $10,896,000 in 2024 from $11,399,000 in 2023[36] Share Repurchase and Equity - The company repurchased 634,533 ordinary shares for a total cost of $6.0 million during the quarter[17] - The company purchased treasury shares amounting to $14,328,000 in 2024, compared to $18,259,000 in 2023, indicating a 21.3% reduction[36] - Total shareholders' equity rose to $191.814 million in 2024, up from $188.112 million in 2023, indicating a growth of 2.9%[29] Future Outlook - The company ended 2024 with an Annual Recurring Revenue (ARR) of $65 million, representing 35% year-over-year growth[14] - Microsoft business grew by 13% in the fourth quarter and 6% for the full year 2024, driven by a shift to recurrent revenue sales[14] - The Voice.ai business is expected to grow by 40% to 50% in 2025 due to increasing customer demand for AI-driven applications[15]

Core Viewpoint - AudioCodes Ltd. has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission, which includes audited financial statements [1] Company Overview - AudioCodes Ltd. is a global leader in unified communications, voice, contact center, and conversational AI services and solutions for enterprises, enhancing customer experience (CX) and employee experience (EX) [3] - The company provides a comprehensive range of products, applications, and SaaS services that ensure seamless interoperability with leading UCaaS and CCaaS platforms, including Microsoft Teams, Webex, Zoom, and Genesys [3] - AudioCodes serves enterprises worldwide, including 65 Fortune 100 companies, to improve productivity, collaboration, business process automation, compliance, and customer interaction [3] Investor Relations - The 2024 Annual Report can be accessed on AudioCodes' website under the "Investor Relations" section, and shareholders can request a hard copy free of charge [1]