AudioCodes Ltd. (AUDC) Income Statement Analysis

See more : Skylark Holdings Co., Ltd. (SKLYF) Income Statement Analysis – Financial Results

Complete financial analysis of AudioCodes Ltd. (AUDC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AudioCodes Ltd., a leading company in the Communication Equipment industry within the Technology sector.

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AudioCodes Ltd. (AUDC)

Industry: Communication Equipment

Sector: Technology

Website: https://www.audiocodes.com

About AudioCodes Ltd.

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace. The company offers solutions, products, and services for unified communications, contact centers, VoiceAI business line, and service provider business. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services. The company also offers One Voice Operations Center, a voice network management solution; Device Manager for administering business phones and meeting room solutions; AudioCodes Routing Manager for handling call routing in VoIP networks; and User Management Pack 365 simplifies user lifecycle and identity management across Microsoft Teams and Skype for Business deployments. In addition, it provides AudioCodes Live for Microsoft Teams, a portfolio of managed services for simplifying Teams adoption; appliances for Microsoft Skype/Teams for Business such as survivable branch appliances, CCE, and CloudBond 365; and a range of value-added voice applications comprising SmartTAP, Voca, VoiceAI Connect, and Meeting Insights. Further, the company offers managed services; and AudioCodes Live Cloud, a Microsoft Teams software as a service solution that enables service providers to offer their business customers a seamless migration to Microsoft Teams. It primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, network equipment providers, and systems integrators and distributors in the telecommunications and networking industries. The company primarily operates in the Americas, Europe, the Far East, and Israel. AudioCodes Ltd. was incorporated in 1992 and is headquartered in Lod, Israel.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	244.38M	275.09M	248.92M	220.77M	200.29M	176.22M	156.74M	145.57M	139.76M	151.58M	137.23M	127.49M	155.83M	150.04M	125.89M	174.74M	158.24M	147.35M	115.83M	82.76M	44.23M	27.19M	35.73M	71.80M	31.20M	9.20M
Cost of Revenue	86.03M	96.32M	78.03M	70.96M	105.33M	65.62M	58.89M	57.23M	56.97M	62.59M	58.56M	54.29M	64.16M	66.14M	56.19M	77.46M	69.19M	61.24M	46.99M	34.38M	20.04M	13.01M	21.94M	27.10M	11.52M	3.00M
Gross Profit	158.35M	178.78M	170.89M	149.82M	94.96M	110.61M	97.85M	88.34M	82.79M	88.99M	78.67M	73.20M	91.67M	83.90M	69.70M	97.29M	89.05M	86.11M	68.83M	48.38M	24.19M	14.18M	13.79M	44.70M	19.69M	6.20M
Gross Profit Ratio	64.80%	64.99%	68.65%	67.86%	47.41%	62.76%	62.43%	60.69%	59.24%	58.71%	57.32%	57.41%	58.83%	55.92%	55.36%	55.68%	56.28%	58.44%	59.43%	58.46%	54.70%	52.16%	38.60%	62.25%	63.09%	67.39%
Research & Development	57.17M	59.84M	53.40M	46.07M	41.20M	34.66M	30.35M	29.14M	28.00M	32.28M	28.19M	28.68M	32.15M	30.19M	29.95M	37.83M	40.71M	35.42M	24.42M	20.01M	15.48M	13.02M	13.81M	10.59M	4.81M	2.10M
General & Administrative	16.51M	17.49M	15.91M	14.18M	11.78M	10.25M	8.89M	6.36M	8.73M	7.68M	8.46M	8.21M	9.03M	8.25M	7.82M	9.22M	52.54M	46.43M	31.95M	24.74M	18.60M	17.64M	18.90M	14.12M	5.93M	3.30M
Selling & Marketing	70.24M	70.12M	62.06M	51.22M	51.54M	49.34M	48.95M	45.08M	43.36M	45.53M	39.28M	40.04M	43.26M	35.02M	32.11M	44.66M	0.00	0.00	14.54M	0.00	14.29M	14.29M	0.00	0.00	0.00	0.00
SG&A	86.76M	87.62M	77.97M	65.39M	63.31M	59.59M	57.85M	51.45M	52.09M	53.21M	47.74M	48.25M	52.29M	43.28M	39.93M	53.88M	52.54M	46.43M	31.95M	24.74M	18.60M	17.64M	18.90M	14.12M	5.93M	3.30M
Other Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	85.02M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	403.00K	300.00K
Operating Expenses	143.93M	147.46M	131.37M	111.47M	104.51M	94.25M	88.20M	80.59M	80.08M	85.49M	75.93M	76.93M	84.44M	73.47M	69.88M	91.71M	93.24M	81.85M	56.36M	44.75M	34.08M	30.66M	32.70M	24.71M	11.14M	5.70M
Cost & Expenses	229.96M	243.77M	209.40M	182.42M	209.84M	159.86M	147.09M	137.82M	137.05M	148.08M	134.49M	131.23M	148.60M	139.60M	126.08M	169.16M	162.43M	143.09M	103.36M	79.13M	54.12M	43.67M	54.65M	51.81M	22.66M	8.70M
Interest Income	3.04M	2.80M	2.69M	1.26M	1.01M	1.13M	1.21M	1.85M	2.30M	1.77M	1.10M	1.99M	1.93M	600.00K	2.48M	3.78M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.57M	2.86M	621.00K	657.00K	198.00K	266.00K	294.00K	262.00K	278.00K	415.00K	617.00K	900.00K	346.00K	694.00K	4.74M	2.36M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	2.60M	2.98M	2.43M	2.27M	2.04M	2.31M	2.44M	2.89M	2.96M	3.23M	3.05M	2.88M	3.26M	4.36M	5.27M	7.55M	8.03M	5.97M	3.75M	3.07M	3.09M	2.23M	1.94M	1.12M	403.00K	300.00K
EBITDA	18.53M	34.30M	41.96M	40.62M	-8.67M	18.67M	12.09M	10.65M	5.67M	6.73M	5.95M	937.00K	11.68M	15.00M	6.78M	-68.46M	3.84M	10.23M	12.47M	6.70M	-6.80M	-14.25M	-16.98M	21.10M	8.95M	800.00K
EBITDA Ratio	7.58%	12.47%	16.86%	18.40%	-3.75%	10.59%	7.71%	7.31%	4.06%	4.44%	4.22%	-0.67%	6.74%	9.86%	4.04%	9.68%	2.43%	7.11%	14.00%	8.10%	-15.43%	-53.26%	-45.41%	29.43%	28.67%	8.70%
Operating Income	14.42M	31.32M	39.52M	38.35M	-9.55M	16.36M	9.65M	7.75M	2.71M	3.50M	2.74M	-3.74M	7.23M	10.44M	-184.00K	-79.44M	-4.19M	4.27M	12.47M	3.63M	-9.89M	-16.48M	-18.91M	19.06M	8.54M	500.00K
Operating Income Ratio	5.90%	11.38%	15.88%	17.37%	-4.77%	9.28%	6.16%	5.33%	1.94%	2.31%	2.00%	-2.93%	4.64%	6.96%	-0.15%	-45.46%	-2.65%	2.89%	10.77%	4.39%	-22.36%	-60.61%	-52.92%	26.55%	27.38%	5.43%
Total Other Income/Expenses	-52.00K	2.86M	123.00K	-1.70M	-1.76M	228.00K	-10.00K	-160.00K	442.00K	-196.00K	96.00K	453.00K	423.00K	-94.00K	-2.74M	1.18M	2.67M	2.90M	1.76M	1.65M	-404.00K	2.62M	5.64M	8.06M	2.47M	200.00K
Income Before Tax	14.37M	34.18M	39.65M	36.65M	-11.32M	16.59M	9.64M	7.59M	3.15M	3.31M	2.84M	-3.28M	7.66M	10.34M	-2.93M	-78.25M	-2.62M	7.17M	14.24M	5.28M	-10.29M	-13.86M	-13.27M	27.12M	11.02M	700.00K
Income Before Tax Ratio	5.88%	12.43%	15.93%	16.60%	-5.65%	9.41%	6.15%	5.22%	2.25%	2.18%	2.07%	-2.57%	4.91%	6.89%	-2.33%	-44.78%	-1.66%	4.86%	12.29%	6.38%	-23.27%	-50.97%	-37.14%	37.77%	35.30%	7.61%
Income Tax Expense	5.59M	5.72M	5.90M	9.40M	-15.29M	3.09M	5.61M	-8.64M	2.78M	3.39M	-1.40M	541.00K	238.00K	-1.89M	-445.00K	505.00K	1.27M	289.00K	799.00K	273.00K	-1.48M	-2.86M	-4.89M	438.00K	355.00K	100.00K
Net Income	8.78M	28.47M	33.75M	27.25M	3.98M	13.49M	4.03M	16.24M	366.00K	-86.00K	4.22M	-4.18M	7.16M	12.13M	-2.09M	-81.34M	-3.89M	6.88M	13.44M	5.01M	-8.43M	-13.86M	-13.27M	26.68M	10.66M	600.00K
Net Income Ratio	3.59%	10.35%	13.56%	12.34%	1.99%	7.66%	2.57%	11.15%	0.26%	-0.06%	3.07%	-3.28%	4.60%	8.08%	-1.66%	-46.55%	-2.46%	4.67%	11.60%	6.05%	-19.07%	-50.97%	-37.14%	37.16%	34.16%	6.52%
EPS	0.28	0.89	1.03	0.87	0.14	0.47	0.13	0.46	0.01	0.00	0.11	-0.11	0.17	0.30	-0.05	-1.97	-0.09	0.16	0.33	0.13	-0.22	-0.36	-0.44	0.68	0.35	0.03
EPS Diluted	0.28	0.88	1.00	0.83	0.13	0.45	0.13	0.45	0.01	0.00	0.11	-0.11	0.17	0.30	-0.05	-1.97	-0.09	0.16	0.31	0.12	-0.22	-0.36	-0.37	0.62	0.30	0.03
Weighted Avg Shares Out	31.40M	31.85M	32.70M	31.44M	29.25M	28.93M	31.10M	35.17M	40.18M	42.29M	38.24M	37.97M	41.44M	40.56M	40.21M	41.20M	43.17M	42.98M	40.72M	38.51M	37.51M	38.52M	30.40M	39.27M	30.40M	15.31M
Weighted Avg Shares Out (Dil)	31.58M	32.50M	33.85M	32.92M	30.80M	30.22M	32.17M	35.78M	40.57M	42.29M	39.10M	39.13M	41.94M	40.96M	40.21M	41.20M	43.17M	42.98M	43.34M	41.72M	37.51M	38.77M	36.16M	43.05M	36.16M	15.31M

AudioCodes Ltd. (AUDC) Q3 2024 Earnings Call Transcript

November 6, 2024seekingalpha.com

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...

AudioCodes (AUDC) Q3 Earnings and Revenues Lag Estimates

November 6, 2024zacks.com

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.

AudioCodes Reports Third Quarter 2024 Results

November 6, 2024prnewswire.com

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...

AudioCodes Meeting Insights Now Supports Zoom Meetings

October 28, 2024prnewswire.com

Meeting Insights' support for Microsoft Teams and Zoom unifies recap across UCaaS platforms and empowers enterprise-wide centralized collaboration OR YEHUDA, Israel , Oct. 28, 2024 /PRNewswire/ -- Highlights: Meeting Insights expands support to Zoom meetings, in addition to Microsoft Teams, providing...

AudioCodes Announces Third Quarter 2024 Reporting Date

October 7, 2024prnewswire.com

OR YEHUDA, Israel , Oct. 7, 2024 /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 Third quarter 2024 on...

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September 25, 2024zacks.com

AudioCodes (AUDC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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