AudioCodes Ltd. (AUDC)

AudioCodes Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	242.18	244.38	275.09	248.92	220.77
Revenue Growth (YoY)	-0.90%	-11.16%	10.51%	12.75%	10.23%
Cost of Revenue	84.02	86.03	96.32	78.03	70.96
Gross Profit	158.16	158.35	178.78	170.89	149.82
Selling, General & Admin	88.85	86.76	87.62	77.97	65.39
Research & Development	52.13	57.17	59.84	53.4	46.07
Operating Expenses	140.97	143.93	147.46	131.37	111.47
Operating Income	17.19	14.42	31.32	39.52	38.35
Interest Expense	-1.95	-1.57	-0.33	-0.62	-0.66
Interest & Investment Income	2.92	3.06	2.8	2.66	1.25
Currency Exchange Gain (Loss)	-0.51	-0.21	1.33	-0.29	-1.98
Other Non Operating Income (Expenses)	-0.3	-0.33	-0.36	-0.23	-0.15
EBT Excluding Unusual Items	17.36	15.39	34.76	41.03	36.82
Gain (Loss) on Sale of Investments	-2.27	-1.02	-0.58	-1.39	-0.17
Pretax Income	15.1	14.37	34.18	39.65	36.65
Income Tax Expense	-0.22	5.59	5.72	5.9	9.4
Net Income	15.31	8.78	28.47	33.75	27.25
Net Income to Common	15.31	8.78	28.47	33.75	27.25
Net Income Growth	74.39%	-69.16%	-15.66%	23.87%	585.14%
Shares Outstanding (Basic)	30	31	32	33	31
Shares Outstanding (Diluted)	31	32	33	34	33
Shares Change (YoY)	-2.99%	-2.83%	-3.98%	2.83%	6.87%
EPS (Basic)	0.51	0.28	0.89	1.03	0.87
EPS (Diluted)	0.50	0.28	0.88	1.00	0.83
EPS Growth	78.82%	-68.23%	-12.00%	20.48%	538.46%
Free Cash Flow	10.97	8.93	6.79	46.17	36.95
Free Cash Flow Per Share	0.36	0.28	0.21	1.36	1.12
Dividend Per Share	0.360	0.360	0.360	0.350	0.300
Dividend Growth	-	-	2.86%	16.67%	20.00%
Gross Margin	65.31%	64.80%	64.99%	68.65%	67.86%
Operating Margin	7.10%	5.90%	11.39%	15.88%	17.37%
Profit Margin	6.32%	3.59%	10.35%	13.56%	12.34%
Free Cash Flow Margin	4.53%	3.65%	2.47%	18.55%	16.73%
EBITDA	21.07	17.02	34.3	41.96	40.62
EBITDA Margin	8.70%	6.96%	12.47%	16.86%	18.40%
D&A For EBITDA	3.88	2.6	2.98	2.43	2.27
EBIT	17.19	14.42	31.32	39.52	38.35
EBIT Margin	7.10%	5.90%	11.39%	15.88%	17.37%
Effective Tax Rate	-	38.91%	16.73%	14.87%	25.65%
Revenue as Reported	242.18	244.38	275.09	248.92	220.77
Advertising Expenses	2.43	1.94	1.73	0.58	0.37

Updated Mar 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q