Altigen Communications, Inc. Reports Third Quarter and Nine Months 2020 Financial Results

Net revenue

Gross profit

Operating expenses:

Research and development

Selling, general & administrative

Litigation

Operating income

Other income/(expense), net

Net income before provision for income taxes

Income tax benefit (expense)

Net income

Per share data:

Basic

Diluted

Weighted average shares outstanding:

Basic

Diluted

Cash and cash equivalents (1)

Accounts receivable, net

Other current assets

Property and equipment, net

Operating lease right-of-use (2)

Intangible assets, net

Capitalized software, net

Deferred tax asset

Other long-term assets

Total assets

Current liabilities (1)(2)

Long-term liabilities (2)

Stockholders’ equity

Total liabilities and stockholders’ equity

Reconciliation of GAAP to Non-GAAP Gross Profit:

GAAP gross profit

Amortization of capitalized software

Acquisition related expenses

Non-GAAP gross profit

Reconciliation of GAAP to Non-GAAP Expenses:

GAAP operating expenses

Litigation

Section 382 study (1)

Depreciation and amortization

Amortization of capitalized software

Stock-based compensation

Non-GAAP operating expenses

GAAP net income

Litigation

Section 382 study (1)

Depreciation and amortization

Amortization of capitalized software

Stock-based compensation

Acquisition related expenses

Deferred tax asset valuation allowance

Non-GAAP net income

Per share data:

Basic

Diluted

Weighted average shares outstanding:

Basic

Diluted

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