AUDIOCODES LTD.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $245.6M | $242.2M | $244.4M | $275.1M | $248.9M | $220.8M | $200.3M | $176.2M |
| Cost of Revenue | $86.0M | $84.0M | $86.0M | $96.3M | $78.0M | $71.0M | $105.3M | $65.6M |
| Gross Profit | $159.6M | $158.2M | $158.3M | $178.8M | $170.9M | $149.8M | $95.0M | $110.6M |
| Gross Margin | 65.0% | 65.3% | 64.8% | 65.0% | 68.7% | 67.9% | 47.4% | 62.8% |
| Operating Expenses | ||||||||
| Research & Development | $52.6M | $52.1M | $57.2M | $59.8M | $53.4M | $46.1M | $41.2M | $34.7M |
| SG&A Expense | $15.8M | $17.7M | $16.5M | $17.5M | $15.9M | $14.2M | $11.8M | $10.3M |
| Operating Income | $14.0M | $17.2M | $14.4M | $31.3M | $39.5M | $38.4M | $-9.6M | $16.4M |
| Operating Margin | 5.7% | 7.1% | 5.9% | 11.4% | 15.9% | 17.4% | -4.8% | 9.3% |
| Interest Expense | — | — | $1.6M | $325.0K | $621.0K | $657.0K | $198.0K | $266.0K |
| Pretax Income | $13.6M | $15.1M | $14.4M | $34.2M | $39.6M | $36.6M | $-11.3M | $16.6M |
| Income Tax Expense | $4.6M | $-215.0K | $5.6M | $5.7M | $5.9M | $9.4M | $-15.3M | $3.1M |
| Net Income | $9.0M | $15.3M | $8.8M | $28.5M | $33.8M | $27.2M | $4.0M | $13.5M |
| Net Margin | 3.6% | 6.3% | 3.6% | 10.3% | 13.6% | 12.3% | 2.0% | 7.7% |
| EPS (Basic) | $0.31 | $0.51 | $0.28 | $0.89 | $1.03 | $0.87 | $0.14 | $0.47 |
| EPS (Diluted) | $0.31 | $0.50 | $0.28 | $0.88 | $1.00 | $0.83 | $0.13 | $0.45 |
| Shares Outstanding (Basic) | 28.5M | 30.2M | 31.4M | 31.8M | 32.7M | 31.4M | 29.3M | 28.9M |
| Shares Outstanding (Diluted) | 29.0M | 30.6M | 31.6M | 32.5M | 33.8M | 32.9M | 30.8M | 30.2M |
| Dividends Per Share | — | — | — | — | — | — | — | $0.20 |