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    AudioCodes Reports Third Quarter 2024 Results

    11/6/24 2:00:00 AM ET
    $AUDC
    Telecommunications Equipment
    Utilities
    Get the next $AUDC alert in real time by email

    OR YEHUDA, Israel, Nov. 6, 2024 /PRNewswire/ -- 

    Third Quarter Highlights

    • Quarterly revenues decreased by 2.2% year-over-year to $60.2 million;
    • Quarterly service revenues increased by 6.4% year-over-year to $32.5 million;
    • GAAP results:

      - Quarterly GAAP gross margin was 65.2%;

      - Quarterly GAAP operating margin was 8.1%;

      - Quarterly GAAP EBITDA was $5.9 million;

      - Quarterly GAAP net income was $2.7 million, or $0.09 per diluted share. 
    • Non-GAAP results:

      - Quarterly Non-GAAP gross margin was 65.6%;

      - Quarterly Non-GAAP operating margin was 11.7%;

      - Quarterly Non-GAAP EBITDA was $7.9 million;

      - Quarterly Non-GAAP net income was $4.9 million, or $0.16 per diluted share.
    • Net cash provided by operating activities was $7.9 million for the quarter.
    • AudioCodes repurchased 332,709 of its ordinary shares during the quarter at an aggregate cost of $3.6 million.

    Details

    AudioCodes (NASDAQ:AUDC), a leading provider of unified communications voice, contact center and conversational AI applications and services for enterprises, today announced its financial results for the third quarter ended September 30, 2024.

    Audiocodes Logo

    Revenues for the third quarter of 2024 were $60.2 million compared to $61.6 million for the third quarter of 2023.

    EBITDA for the third quarter of 2024 was $5.9 million compared to $6.4 million for the third quarter of 2023.

    On a Non-GAAP basis, EBITDA for the third quarter of 2024 was $7.9 million compared to $10.1 million for the third quarter of 2023.

    Net income was $2.7 million, or $0.09 per diluted share, for the third quarter of 2024 compared to net income of $4.3 million, or $0.14 per diluted share, for the third quarter of 2023.

    On a Non-GAAP basis, net income was $4.9 million, or $0.16 per diluted share, for the third quarter of 2024 compared to $8.3 million, or $0.25 per diluted share, for the third quarter of 2023.

    Non-GAAP net income excludes: (i) share-based compensation expenses; (ii) amortization expenses related to intangible assets; (iii) expenses related to deferred payments in connection with the acquisition of Callverso Ltd; (iv) financial income (expenses) related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies; (v) tax impact which relates to our Non-GAAP adjustments; and (vi) in Q1 2024 non-cash lease expense which is required to be recorded during the quarter even though this is a free rent period under the lease for the Company's new headquarters. A reconciliation of net income on a GAAP basis to a non-GAAP basis is provided in the tables that accompany the condensed consolidated financial statements contained in this press release.

    Net cash provided by operating activities was $7.9 million for the third quarter of 2024. Cash and cash equivalents, short-term bank deposits, long and short-term marketable securities and long-term financial investments were $88.4 million as of September 30, 2024 compared to $106.7 million as of December 31, 2023. The decrease in cash and cash equivalents, short-term bank deposits, long and short-term marketable securities and long-term financial investments was the result of the use of cash for the continued repurchasing of the Company's ordinary shares pursuant to its share repurchase program and the payment of a cash dividend during each of the first and third quarters of 2024 and purchase of property and equipment related to leasehold improvements of our new corporate headquarter in Israel, offset, in part, by cash from operating activities.

    "I am pleased to report we have successfully executed against our strategic priorities this quarter, as we continue to make progress in our long-term goal of leading the voice services market for the UCaaS and CX markets. We continued our transformation to become a cloud software and services company with a higher proportion of recurring revenue vs. legacy perpetual revenues," said Shabtai Adlersberg, President and Chief Executive Officer of AudioCodes.

    Third quarter services revenues grew 6.4% year-over-year and accounted for 53.9% of revenues, the highest on record for us. Fueling the strength of our services revenue stream as our primary growth engines were Live managed services (consisting of Live Teams and Live CX) and conversational AI. Specifically, Live Teams business grew 21% year over year and accounted for 44% of total Microsoft business compared to 37% a year ago. On conversational AI, third quarter dollar value of contracts signed increased roughly 50% vs the year ago period.

    Our success in building Live managed services and recurring revenue stream has translated to strong year-over-year ARR growth of 40%, ending 3Q at $60 million ARR, up from $48 million exiting 2023. This success is owed to the trust we have built throughout the years with partners and enterprise customers in the voice services space. There is no better proof than our long-standing multi-year partnership with AT&T in North America, leveraging our expertise in providing secure voice connectivity to help their business customers onboard to Microsoft Teams. This fruitful partnership has contributed multi-millions of annual recurring revenues over the last several years.

    Speaking of conversational AI, strong operational momentum continues, driven by long-term tailwind of infusing AI into UC and CX workflows in customers' inexorable demand to drive ongoing productivity gains.  Accordingly, we have seen significant pick-up in pipeline activities across our entire conversational AI suite, including Voca CIC, our AI first CX solution for Microsoft Teams, SaaS Recording solutions such as Meeting Insights and interaction recording, and Voice AI Connect.

    Overall, we delivered on our business priorities in the quarter, with the strength in our Live recurring businesses buttressing the healthy overall pipeline for our major practices such as Microsoft business, CX and Conversational AI.  We believe this bodes well for seeing improved top-line growth performance as we head into 2025 and beyond," concluded Mr. Adlersberg.

    Share Buy Back Program and Cash Dividend

    In July 2024, the Company received court approval in Israel to purchase up to an aggregate amount of $20 million of additional ordinary shares. The court approval also permits AudioCodes to declare a dividend out of any part of this amount. The approval is valid through January 1, 2025.

    On July 30, 2024, the Company declared a cash dividend of 18 cents per share. The dividend, in the aggregate amount of approximately $5.4 million, was paid on August 29, 2024, to all of the Company's shareholders of record on August 15, 2024.

    During the quarter ended September 30, 2024, the Company acquired 332,709 of its ordinary shares under its share repurchase program for a total consideration of $3.6 million.

    As of September 30, 2024, the Company had $11 million available under this approval for the repurchase of shares and/or declaration of cash dividends.

    Conference Call & Web Cast Information

    AudioCodes will conduct a conference call at 8:30 A.M., Eastern Time today to discuss the Company's third quarter of 2024 operating performance, financial results and outlook. Interested parties may participate in the conference call by dialing one the following numbers:

    United States Participants: 888-506-0062

    International Participants: +1 (973) 528-0011

    The conference call will also be simultaneously webcast. Investors are invited to listen to the call live via webcast at the AudioCodes investor website at http://www.audiocodes.com/investors-lobby.

    About AudioCodes

    AudioCodes (NASDAQ, TASE: AUDC) is a leading innovator of intelligent cloud communications solutions. AudioCodes empowers enterprises and service providers to build and operate state-of-the-art voice networks, unified communications platforms, and AI-driven productivity tools. The cutting-edge portfolio includes cloud-native applications, advanced voice AI technologies, and comprehensive communication solutions tailored for the modern digital workplace. Trusted by global Fortune 500 companies and tier-1 operators worldwide, AudioCodes drives digital transformation through seamless integration, enhanced collaboration, and unparalleled communication experiences.

    For more information, visit http://www.audiocodes.com.

    Follow AudioCodes' social media channels:

    AudioCodes invites you to join our online community and follow us on: AudioCodes Voice Blog, LinkedIn, Twitter, Facebook, and YouTube.

    Statements concerning AudioCodes' business outlook or future economic performance; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements'' as that term is defined under U.S. Federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to: the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets in particular; shifts in supply and demand; market acceptance of new products and the demand for existing products; the impact of competitive products and pricing on AudioCodes' and its customers' products and markets; timely product and technology development, upgrades and the ability to manage changes in market conditions as needed; possible need for additional financing; the ability to satisfy covenants in the Company's loan agreements; possible disruptions from acquisitions; the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business; possible adverse impact of the COVID-19 pandemic on our business and results of operations; the effects of the current terrorist attacks by Hamas in Israel, and the war and hostilities between Israel and Hamas, and Israel and Hezbollah as well as the possibility that this could develop into a broader regional conflict involving Israel with other parties, may affect our operations and may limit our ability to produce and sell our solutions; any disruption in our operations by the obligations of our personnel to perform military service as a result of current or future military actions involving Israel; and other factors detailed in AudioCodes' filings with the U.S. Securities and Exchange Commission. AudioCodes assumes no obligation to update the information in this release.

    ©2024 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's Inside Matters, OSN, SmartTAP, User Management Pack, VMAS, VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, VocaNom, AudioCodes One Voice, AudioCodes Meeting Insights, AudioCodes Room Experience are trademarks or registered trademarks of AudioCodes Limited. All other products or trademarks are property of their respective owners. Product specifications are subject to change without notice.

    Summary financial data follows

     

     

    AUDIOCODES LTD. AND ITS SUBSIDIARIES

    CONDENSED CONSOLIDATED BALANCE SHEETS

    U.S. dollars in thousands  





    September 30,



    December 31,



    2024



    2023



    (Unaudited)



    (Audited)

    ASSETS















    CURRENT ASSETS:







    Cash and cash equivalents

    $ 23,522



    $ 30,546

    Short-term and restricted bank deposits

    202



    212

    Short-term marketable securities

    24,245



    7,438

    Trade receivables, net

    58,081



    51,125

    Other receivables and prepaid expenses

    12,085



    9,381

    Inventories

    33,677



    43,959

    Total current assets

    151,812



    142,661









    LONG-TERM ASSETS:







    Long-term Trade receivables

    $ 15,856



    $ 16,798

    Long-term marketable securities

    37,308



    65,732

    Long-term financial investments

    3,123



    2,730

    Deferred tax assets

    4,577



    6,208

    Operating lease right-of-use assets

    33,207



    36,712

    Severance pay funds

    17,132



    17,202

    Total long-term assets

    111,203



    145,382









    PROPERTY AND EQUIPMENT, NET

    25,236



    10,893









    GOODWILL, INTANGIBLE ASSETS AND OTHER, NET

    38,182



    38,581









    Total assets

    $ 326,433



    $ 337,517









    LIABILITIES AND SHAREHOLDERS' EQUITY















    CURRENT LIABILITIES:







    Trade payables

    5,479



    7,556

    Other payables and accrued expenses

    24,066



    29,943

    Deferred revenues

    39,390



    38,820

    Short-term operating lease liabilities

    5,859



    7,878

    Total current liabilities

    74,794



    84,197









    LONG-TERM LIABILITIES:







    Accrued severance pay

    $ 15,893



    $ 16,662

    Deferred revenues and other liabilities

    18,110



    17,142

    Long-term operating lease liabilities

    30,742



    31,404

    Total long-term liabilities

    64,745



    65,208









    Total shareholders' equity

    186,894



    188,112

    Total liabilities and shareholders' equity

    $ 326,433



     

    $ 337,517

     

     

    AUDIOCODES LTD. AND ITS SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    U.S. dollars in thousands, except per share data





    Nine months ended



    Three months ended



    September 30,



    September 30,



    2024



    2023



    2024



    2023



    (Unaudited)



    (Unaudited)

    Revenues:















    Products

    $ 84,647



    $ 91,299



    $ 27,750



    $ 31,039

    Services

    95,975



    89,525



    32,493



    30,552

    Total Revenues

    180,622



    180,824



    60,243



    61,591

    Cost of revenues:















    Products

    34,123



    36,568



    11,380



    11,347

    Services

    29,057



    28,299



    9,563



    9,307

    Total Cost of revenues

    63,180



    64,867



    20,943



    20,654

    Gross profit

    117,442



    115,957



    39,300



    40,937

    Operating expenses:















    Research and development, net

    39,780



    43,363



    12,666



    13,960

    Selling and marketing

    52,427



    52,747



    17,607



    17,221

    General and administrative

    12,146



    12,657



    4,155



    3,977

    Total operating expenses

    104,353



    108,767



    34,428



    35,158

    Operating income

    13,089



    7,190



    4,872



    5,779

    Financial income (expenses), net

    (195)



    1,688



    (614)



    492

    Income before taxes on income

    12,894



    8,878



    4,258



    6,271

    Taxes on income, net

    (4,358)



    (3,753)



    (1,579)



    (2,019)

    Net income

    $ 8,536



    $ 5,125



    $ 2,679



    $ 4,252

    Basic net earnings per share

    $ 0.28



    $ 0.16



    $ 0.09



    $ 0.14

    Diluted net earnings per share

    $ 0.28



    $ 0.16



    $ 0.09



    $ 0.14

    Weighted average number of shares used in computing basic

     net earnings per share (in thousands)

    30,239



    31,642



    30,218



    31,390

    Weighted average number of shares used in computing diluted

     net earnings per share (in thousands)

    30,769



    31,807



    30,778



    31,374

     

     

    AUDIOCODES LTD. AND ITS SUBSIDIARIES

    RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME 

    U.S. dollars in thousands, except per share data





    Nine months ended



    Three months ended



    September 30,



    September 30,



    2024



    2023



    2024



    2023



    (Unaudited)



    (Unaudited)

    GAAP net income

    $ 8,536



    $ 5,125



    $ 2,679



    $ 4,252

    GAAP net earnings per share

    $ 0.28



    $ 0.16



    $ 0.09



    $ 0.14

    Cost of revenues:















    Share-based compensation (1)

    274



    304



    99



    94

    Amortization expenses (2)

    366



    379



    122



    122

    Lease expenses (6)

    304



    322



    -



    322



    944



    1,005



    221



    538

    Research and development, net:















    Share-based compensation (1)

    1,642



    2,090



    471



    649

    Deferred payments expenses (3)

    -



    375



    -



    125

    Lease expenses (6)

    342



    362



    -



    362



    1,984



    2,827



    471



    1,136

    Selling and marketing:















    Share-based compensation (1)

    2,255



    3,380



    783



    1,050

    Amortization expenses (2)

    33



    33



    11



    11

    Deferred payments expenses (3)

    -



    375



    -



    125

    Lease expenses (6)

    38



    40



    -



    40



    2,326



    3,828



    794



    1,226

    General and administrative:















    Share-based compensation (1)

    2,113



    3,242



    679



    814

    Lease expenses (6)

    76



    80



    -



    80



    2,189



    3,322



    679



    894

    Financial expenses (income):















    Exchange rate differences (4)

    (754)



    (1,237)



    55



    (767)

















    Income taxes:















    Taxes on income, net (5)

    422



    1,247



    -



    1,023

    Non-GAAP net income

    $ 15,647



    $ 16,117



    $ 4,899



    $ 8,302

    Non-GAAP diluted net earnings per share

    $ 0.50



    $ 0.49



    $ 0.16



    $ 0.25

    Weighted average number of shares used in computing Non-GAAP

     diluted net earnings per share (in thousands)

    31,534



    32,870



    31,480



    32,576



















    (1)  Share-based compensation expenses related to options and restricted share units granted to employees and others.

    (2)  Amortization expenses related to intangible assets.

    (3)  Expenses related to deferred payments in connection with the acquisition of Callverso Ltd.

    (4)  Financial income (expenses) related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies.

    (5)  Tax impact which relates to our non-GAAP adjustments.

    (6)  In Q1 2024, non-cash lease expense which is required to be recorded during the quarter even though this is a free rent period under the lease for the Company's new headquarters.

     

    Note:  Non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.  The Company believes that non-GAAP information is useful because it can enhance the understanding of its ongoing economic performance and therefore uses internally this non-GAAP information to evaluate and manage its operations.  The Company has chosen to provide this information to investors to enable them to perform comparisons of operating results in a manner similar to how the Company analyzes its operating results and because many comparable companies report this type of information. 

     

     

    AUDIOCODES LTD. AND ITS SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

    U.S. dollars in thousands







    Nine months ended



    Three months ended





    September 30,



    September 30,





    2024



    2023



    2024



    2023





    (Unaudited)



    (Unaudited)

    Cash flows from operating activities:

















    Net income



    $ 8,536



    $ 5,125



    $ 2,679



    $ 4,252

    Adjustments required to reconcile net income to net

    cash provided by operating activities:

















    Depreciation and amortization



    2,788



    1,972



    1,004



    652

    Amortization of marketable securities premiums and

    accretion of discounts, net



    885



    1,027



    270



    315

    Decrease in accrued severance pay, net



    (699)



    (493)



    (220)



    (221)

    Share-based compensation expenses



    6,284



    9,016



    2,032



    2,607

    Decrease in deferred tax assets, net



    826



    1,164



    762



    996

    Cash financial loss (income), net



    137



    (397)



    (17)



    (65)

    Decrease in operating lease right-of-use assets



    4,755



    6,688



    1,198



    2,406

    Decrease in operating lease liabilities



    (3,931)



    (8,411)



    (496)



    (4,056)

    Decrease (increase) in trade receivables, net



    (6,014)



    4,645



    (2,247)



    (2,294)

    Decrease (increase) in other receivables and prepaid

    expenses



    (2,704)



    1,572



    (2,939)



    (339)

    Decrease (increase) in inventories



    10,119



    (8,605)



    4,172



    907

    Increase (decrease in trade payables



    (2,077)



    (4,700)



    377



    (482)

    Increase (decrease) in other payables and accrued

    expenses



    (594)



    (6,414)



    1,011



    (1,480)

    Increase (decrease) in deferred revenues



    1,631



    3,423



    266



    (3,020)

    Net cash provided by operating activities



    19,942



    5,612



    7,852



    178

    Cash flows from investing activities:

















    Proceeds from short-term deposits



    10



    5,008



    4



    2

    Proceeds of marketable securities



    9,991



    3,846



    9,991



    3,846

    Proceeds from financial investment



    76



    -



    29



    -

    Proceeds from redemption of marketable securities



    3,450



    3,084



    -



    1,084

    Proceeds from redemption of financial investments



    -



    14,094



    -



    3,051

    Purchase of financial investments



    (675)



    (81)



    (675)



    (81)

    Purchase of property and equipment



    (20,768)



    (5,301)



    (5,505)



    (2,038)

     

    Net cash provided by (used in) investing activities



    (7,916)



    20,650



    3,844



    5,864



















     

     

    AUDIOCODES LTD. AND ITS SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

    U.S. dollars in thousands







    Nine months ended



    Three months ended





    September 30,



    September 30,





    2024



    2023



    2024



    2023





    (Unaudited)



    (Unaudited)

    Cash flows from financing activities:

















    Purchase of treasury shares



    (8,340)



    (11,973)



    (3,586)



    (9,047)

    Cash dividends paid to shareholders



    (10,896)



    (11,399)



    (5,443)



    (5,681)

    Proceeds from issuance of shares upon exercise of options



    186



    254



    6



    140

    Net cash used in financing activities



    (19,050)



    (23,118)



    (9,023)



    (14,588)



















    Net increase (decrease) in cash, cash equivalents, and restricted cash



    (7,025)



    3,144



    2,672



    (8,546)

    Cash, cash equivalents and restricted cash at beginning of period



    30,546



    24,535



    20,849



    36,225

    Cash, cash equivalents and restricted cash at end of period



    $ 23,522



    $ 27,679



    $ 23,522



    $ 27,679

     

     

    Company Contacts





    Niran Baruch,

    Chief Financial Officer 

    AudioCodes

    Tel: +972-3-976-4000

    [email protected]



    Roger L. Chuchen,

    VP, Investor Relations

    AudioCodes

    Tel:  732-764-2552

    [email protected]

     

    Logo - https://mma.prnewswire.com/media/2391462/audiocodes_Logo.jpg

    Cision View original content:https://www.prnewswire.com/news-releases/audiocodes-reports-third-quarter-2024-results-302297276.html

    SOURCE AudioCodes

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      OR YEHUDA, Israel, July 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 Second Quarter 2025 on Tuesday, July 29, 2025, before the market open on NASDAQ, reflecting the quarterly period ended June 30, 2025. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, Tuesday, July 29, 2025 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Second Quarter results, which will be webcasted simultaneously. The call will be ho

      7/7/25 9:00:00 AM ET
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      Telecommunications Equipment
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    • AudioCodes Now Certified for Webex Calling Voice Services

      Service providers and resellers can leverage AudioCodes Live Platform to deliver reliable PSTN and mobile connectivity to Webex Calling customers OR YEHUDA, Israel, June 18, 2025 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading provider of voice, contact center and conversational AI applications and services for enterprises, today announced that it has achieved multiple certifications for Cloud Connect for Webex Calling, enabling service providers and partners to offer reliable Webex Calling services to their customers. AudioCodes' solutions for Webex Calling are powered by the AudioCodes Live Platform, a white-label, multi-tenant SaaS offering that enables service providers and partners

      6/18/25 9:00:00 AM ET
      $AUDC
      Telecommunications Equipment
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    $AUDC
    Leadership Updates

    Live Leadership Updates

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    • AudioCodes Voca Conversational Interaction Center Wins Best CX Deployment at 2025 CX Awards

      Awarded Best CX Deployment for the innovative, large-scale implementation at the University of Central Florida, and recognized as Highly Commended for the Voca CIC partnership with AT&T Business OR YEHUDA, Israel, July 15, 2025 /PRNewswire/ -- Highlights AudioCodes Voca Conversational Interaction Center (CIC) named Best CX Deployment by CX Today at the 2025 CX AwardsThe winning deployment at the University of Central Florida consolidated 40+ contact center desks and 400 agents into a single Microsoft Teams-based multi-tenant contact center supporting 70,000 students and 10,000 staffVoca CIC also received second place in the Best CX Partnership category as Highly Commended for its collaborat

      7/15/25 9:00:00 AM ET
      $AUDC
      Telecommunications Equipment
      Utilities
    • AudioCodes Now Certified for Webex Calling Voice Services

      Service providers and resellers can leverage AudioCodes Live Platform to deliver reliable PSTN and mobile connectivity to Webex Calling customers OR YEHUDA, Israel, June 18, 2025 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading provider of voice, contact center and conversational AI applications and services for enterprises, today announced that it has achieved multiple certifications for Cloud Connect for Webex Calling, enabling service providers and partners to offer reliable Webex Calling services to their customers. AudioCodes' solutions for Webex Calling are powered by the AudioCodes Live Platform, a white-label, multi-tenant SaaS offering that enables service providers and partners

      6/18/25 9:00:00 AM ET
      $AUDC
      Telecommunications Equipment
      Utilities
    • AudioCodes Introduces Meeting Insights On-Prem for Security Sensitive Environments

      Meeting Insights On-Prem uses AI to assist organizations in regulated and security-sensitive industries by automatically producing secure, accurate, and efficient meeting recaps without the use of cloud services   OR YEHUDA, Israel, April 28, 2025 /PRNewswire/ --  Highlights Meeting Insights On-Prem enables organizations to record, organize, and secure details of their meetings in a centralized and searchable platform, ensuring that the data remains within their infrastructure.Deployed on local servers, the solution ensures full compliance with strict organizational security standards, privacy policies and regulatory frameworks.Advanced generative AI offers automatic transcription, summariz

      4/28/25 9:00:00 AM ET
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      Telecommunications Equipment
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    $AUDC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Amendment: SEC Form SC 13G/A filed by AudioCodes Ltd.

      SC 13G/A - AUDIOCODES LTD (0001086434) (Subject)

      11/6/24 2:49:01 PM ET
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      Telecommunications Equipment
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    • SEC Form SC 13G filed by AudioCodes Ltd.

      SC 13G - AUDIOCODES LTD (0001086434) (Subject)

      7/16/24 1:29:35 PM ET
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      Telecommunications Equipment
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    • SEC Form SC 13G/A filed by AudioCodes Ltd. (Amendment)

      SC 13G/A - AUDIOCODES LTD (0001086434) (Subject)

      2/13/24 7:58:24 AM ET
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      Telecommunications Equipment
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    SEC Filings

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    • SEC Form 6-K filed by AudioCodes Ltd.

      6-K - AUDIOCODES LTD (0001086434) (Filer)

      6/13/25 9:31:34 AM ET
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      Telecommunications Equipment
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    • SEC Form SD filed by AudioCodes Ltd.

      SD - AUDIOCODES LTD (0001086434) (Filer)

      5/21/25 11:04:45 AM ET
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      Telecommunications Equipment
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    • SEC Form 6-K filed by AudioCodes Ltd.

      6-K - AUDIOCODES LTD (0001086434) (Filer)

      5/6/25 8:20:37 AM ET
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      Telecommunications Equipment
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    Financials

    Live finance-specific insights

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    • AudioCodes Announces Second Quarter 2025 Reporting Date

      OR YEHUDA, Israel, July 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 Second Quarter 2025 on Tuesday, July 29, 2025, before the market open on NASDAQ, reflecting the quarterly period ended June 30, 2025. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, Tuesday, July 29, 2025 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Second Quarter results, which will be webcasted simultaneously. The call will be ho

      7/7/25 9:00:00 AM ET
      $AUDC
      Telecommunications Equipment
      Utilities
    • AudioCodes Reports First Quarter 2025 Results

      OR YEHUDA, Israel, May 6, 2025 /PRNewswire/ --  First Quarter Highlights Quarterly revenues increase by 0.5% year-over-year to $60.4 million;Quarterly service revenues increased by 3.4% year-over-year to $32.6 million;GAAP results:Quarterly GAAP gross margin was 64.8%;Quarterly GAAP operating margin was 6.0%;Quarterly GAAP EBITDA was $4.6 million;Quarterly GAAP net income was $4.0 million, or $0.13 per diluted share. Non-GAAP results:Quarterly Non-GAAP gross margin was 65.2%;Quarterly Non-GAAP operating margin was 8.9%;Quarterly Non-GAAP EBITDA was $6.2 million;Quarterly Non-GAAP net income was $4.7 million, or $0.15 per diluted share.Net cash provided by operating activities was $13.5 mill

      5/6/25 2:00:00 AM ET
      $AUDC
      Telecommunications Equipment
      Utilities
    • AudioCodes Announces First Quarter 2025 Reporting Date

      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 6, 2025 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the First Quarter results, which will be webcasted simultaneously. The call will be hosted by S

      4/7/25 9:00:00 AM ET
      $AUDC
      Telecommunications Equipment
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