AudioCodes(US:AUDC) Prnewswire·2025-07-29 06:00Core Insights - AudioCodes reported a revenue increase of 1.3% year-over-year for Q2 2025, reaching $61.1 million compared to $60.3 million in Q2 2024 [15] - The company experienced a decline in EBITDA, with GAAP EBITDA at $3.6 million for Q2 2025, down from $6.2 million in Q2 2024 [2][15] - Non-GAAP net income for Q2 2025 was $4.1 million, or $0.14 per diluted share, compared to $5.5 million, or $0.18 per diluted share in Q2 2024 [4][15] Financial Performance - Total revenues for the first half of 2025 were $121.5 million, compared to $120.4 million for the same period in 2024 [27] - The gross margin for Q2 2025 was 64.1% on a GAAP basis and 64.5% on a Non-GAAP basis [15] - Net cash provided by operating activities was $7.7 million for Q2 2025, with total cash and cash equivalents amounting to $95.3 million as of June 30, 2025 [6][15] Business Developments - The company launched the Live Platform, an integrated UCaaS and CX solution, enhancing its offerings in the unified communications market [9] - AudioCodes reported strong demand in UC, CX, and conversational AI, with a 6.5% increase in Microsoft business during the quarter [8] - The company’s Annual Recurring Revenues (ARR) reached $70 million, marking a 25% year-over-year increase [8] Shareholder Returns - During Q2 2025, AudioCodes repurchased 715,732 ordinary shares for a total of $6.6 million [13] - A cash dividend of $0.20 per share was declared, amounting to approximately $5.7 million, payable on August 28, 2025 [16] Operational Challenges - Increased operational expenses were noted due to new tariffs on US imports, adding $1 million in costs, alongside rising costs in the EMEA region due to currency fluctuations [11] - The company is making investments in product and sales to accelerate growth in its Conversational AI products and solutions [12]