Core Insights - AudioCodes is expanding its Live offering with AI-powered value-added services aimed at enhancing customer experience (CX) and employee experience (EX) for enterprises [2][4] - The new services are delivered securely from the cloud and complement existing certified voice calling services for platforms like Microsoft Teams, Webex, and Zoom [2][7] Group 1: New Offerings - The initial suite of AudioCodes Live value-added services includes Voca CIC, Meeting Insights, and Interaction Insights [7][8] - Voca CIC is an AI-first omnichannel contact center solution specifically designed for Microsoft Teams [8] - Meeting Insights is a generative AI-powered solution aimed at improving meeting productivity [8] - Interaction Insights provides cloud-based compliance recording and interaction analytics [8] Group 2: Service Delivery and Benefits - All services are delivered via the AudioCodes Live Platform, which supports Multi-CaaS environments and includes advanced service automation and AI-based monitoring tools [3][7] - The Live Platform enables service providers and channel partners to accelerate customer onboarding, reduce costs, and significantly decrease time to revenue [3][7] - Services are offered on a per user, per month subscription basis, which helps lower the total cost of ownership (TCO) for enterprises [7] Group 3: Market Position and Strategy - In a competitive enterprise communications market, service providers must offer innovative services that deliver significant business value [4] - AudioCodes aims to unlock new revenue opportunities and increase margins through the automated delivery of AI-powered solutions [4][9] - The company serves a global clientele, including 65 Fortune 100 companies, enhancing productivity and collaboration through its comprehensive range of products and services [9]

Group 1: Earnings Performance - AudioCodes reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and up from $0.28 per share a year ago, representing an earnings surprise of 54.17% [1] - The company posted revenues of $61.55 million for the quarter ended December 2024, slightly surpassing the Zacks Consensus Estimate by 0.04%, but down from $63.56 million year-over-year [2] - Over the last four quarters, AudioCodes has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - AudioCodes shares have increased approximately 3.9% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $62.19 million, and for the current fiscal year, it is $0.92 on revenues of $251.78 million [7] Group 3: Industry Context - The Communication - Components industry, to which AudioCodes belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - Another company in the same industry, Ooma, is expected to report quarterly earnings of $0.16 per share, reflecting a year-over-year change of +23.1% [9]

Core Insights - AudioCodes reported its financial results for Q4 and full year 2024, showing a slight decline in overall revenues but growth in service revenues and net income [2][3][5]. Financial Performance - Q4 2024 revenues were $61.6 million, a decrease of 3.2% year-over-year from $63.6 million in Q4 2023, while full year revenues were $242.2 million, down 0.9% from $244.4 million in 2023 [3][8]. - Q4 2024 EBITDA was $5.2 million, down from $7.9 million in Q4 2023, but full year EBITDA increased to $21.1 million from $17.0 million in 2023 [3][4]. - Net income for Q4 2024 was $6.8 million, or $0.22 per diluted share, compared to $3.7 million, or $0.12 per diluted share in Q4 2023. Full year net income rose to $15.3 million, or $0.50 per diluted share, from $8.8 million, or $0.28 per diluted share in 2023 [5][6]. Non-GAAP Metrics - On a Non-GAAP basis, Q4 2024 net income was $11.6 million, or $0.37 per diluted share, compared to $8.9 million, or $0.28 per diluted share in Q4 2023. Full year Non-GAAP net income was $27.3 million, or $0.87 per diluted share, up from $25.0 million, or $0.77 per diluted share in 2023 [6][32]. Revenue Breakdown - Service revenues in Q4 2024 increased by 10.9% year-over-year to $34.2 million, while full year service revenues rose by 8.2% to $130.2 million [8]. - The Enterprise UCaaS and CX business accounted for 92% of revenues in Q4, with Microsoft business growing by 13% in the quarter and 6% for the full year [13][14]. Cash Flow and Shareholder Returns - Net cash provided by operating activities was $15.3 million for Q4 and $35.3 million for the full year 2024 [10][11]. - The company repurchased 634,533 ordinary shares for $6.0 million during Q4 2024 and declared a cash dividend of $0.18 per share, totaling approximately $5.3 million [16][19]. Strategic Outlook - The company expects continued growth in recurring revenue, particularly in its Voice.ai and managed services segments, projecting a 40% to 50% growth in AI business applications for 2025 [14][15].

Group 1: Company Overview - AudioCodes Ltd. (AUDC) has launched the Intelligent Meeting Room solution, leveraging generative AI to enhance hybrid meeting experiences [1] - The solution addresses challenges faced by organizations in hybrid work setups, such as audio-video issues and connectivity disruptions, which can hinder collaboration [2] Group 2: Product Features - The AI-powered solution includes conversational AI-generated meeting summarization, replacing manual note-taking and allowing participants to focus on discussions [3] - It integrates AUDC's RXV series devices and cameras with Visual AI capabilities for face detection, speaker tracking, and multi-streaming, enhancing engagement for all participants [4] Group 3: Market Position and Trends - The demand for communication solutions tailored to digital workplaces is increasing due to the popularity of hybrid work setups post-pandemic, positioning AudioCodes favorably in the market [5] - Despite the positive market trend, AUDC's shares have declined by 9.6% over the past year, contrasting with the industry's growth of 67.2% [6]

AudioCodes (AUDC) shares ended the last trading session 6.8% higher at $10.32. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.6% gain over the past four weeks.AudioCodes is placing strong emphasis on integrating generative AI capabilities across its product suite. The company recently introduced an AI-native intelligent meeting room solution designed to enhance hybrid meeting experience for enterprises across in ...

AI-powered meeting summaries and smart video enhance collaboration and overall organizational productivity OR YEHUDA, Israel, Jan. 13, 2025 /PRNewswire/ -- Highlights AudioCodes Intelligent Meeting Room leverages cutting-edge AI technology to enhance in-person and remote participants' experience while increasing productivity through automated meeting summaries. Generative AI integrated with AudioCodes' meeting room devices automatically creates and shares meeting summaries, freeing up in-room participants ...

OR YEHUDA, Israel, Jan. 6, 2025 /PRNewswire/ --  AudioCodes (NASDAQ: AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Fourth Quarter and Full Year 2024 on Tuesday, February 4, 2025, before the market open on NASDAQ, reflecting the quarterly period ended December 31, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its cor ...

AudioCodes Ltd. (NASDAQ:AUDC) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Roger Chuchen - Vice President, Investor Relations Shabtai Adlersberg - President and Chief Executive Officer Niran Baruch - Vice President of Finance and Chief Financial Officer Conference Call Participants Ryan Koontz - Needham & Company Billy Fitzsimmons - Jefferies Operator Greetings. Welcome to the AudioCodes Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a ...

Exhibit 1 AudioCodes Press Release | --- | --- | |-----------------------------------------------|------------------------------| | | | | P R E S S R E L E A S E | | | Company Contacts | | | Niran Baruch, | Roger L. Chuchen, | | Chief Financial Officer | VP, Investor Relations | | AudioCodes | AudioCodes | | Tel: +972-3-976-4000 | Tel: 732-764-2552 | | niran.baruch@audiocodes.com | roger.chuchen@audiocodes.com | AudioCodes Reports Third Quarter 2024 Results Or Yehuda, Israel – November 6, 2024 - AudioCodes ...

AudioCodes (AUDC) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36%. A quarter ago, it was expected that this communication components company would post earnings of $0.18 per share when it actually produced earnings of $0.18, delivering no surprise.Over the last four quarters, the ...