Slide 1: Earnings Call Supplementary Slides
Earnings Call Supplementary Slides
Slide 2: Safe Harbor
This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical facts, including, without limitation, future financial and business performance for the fourth quarter 2024, attractiveness of our product offerings and platform a
Slide 3: AudioCodes Scale & Reach
AudioCodes Scale & 9 #1 Reach of Fortune Top Microsoft Teams Phone Partner 10 Enterprises We are the leading provider of enterprise voice cloud services and conversational AI applications 65 of Fortune 100 946 120 Countries Employees as Companies are of 12/31/24 Customers 4Q 2024
Slide 4: 4Q'24 Financial Highlights
Total revenues of $61.6M vs. $60.2M in 3Q’24, up 2.2% QoQ 4Q’24 Financial Service revenues of $34.2M vs $32.5M in 3Q’24, up 5.4% QoQ Highlights Non-GAAP gross margin of 66.5% vs. 65.6% in 3Q’24 Non-GAAP operating margin at 12.2% vs. 11.7% in 3Q’24 Non-GAAP EBITDA margin of 13.8% vs. 13.1% in 3Q’24 N
Slide 5: 4Q'24 Business Performance
4Q’24 Microsoft Teams business increased Customer Experience (CX) - healthy Business 13% YoY pipeline supports Performance positive 2025 outlook Service revenues Live ARR increased increased 10.9% YoY 35% YoY 4Q 2024
Slide 6: Non-GAAP Gross Margin
Non-GAAP 70.0% Gross Margin 67.6% 66.5% 65.8% 65.6% 65.2% 65.0% 60.0% 4Q:23 1Q:24 2Q:24 3Q:24 4Q:24 4Q 2024
Slide 7: Non-GAAP EBITDA Margin
Non- 20.0% GAAP 17.7% EBITDA 15.0% Margin 13.8% 13.1% 13.8% 11.2% 10.0% 5.0% 0.0% 4Q:23 1Q:24 2Q:24 3Q:24 4Q:24 4Q 2024
Slide 8: Non-GAAP EBITDA (in millions)
Non-GAAP $12.0 $11.2 EBITDA $8.3 $8.5 $7.9 $8.0 (in millions) $6.7 $4.0 $0.0 4Q:23 1Q:24 2Q:24 3Q:24 4Q:24 4Q 2024
Slide 9: Non-GAAP Operating Margin
Non- 20.0% GAAP 16.9% Operating 15.0% Margin 11.9% 11.7% 12.2% 10.5% 10.0% 5.0% 0.0% 4Q:23 1Q:24 2Q:24 3Q:24 4Q:24 4Q 2024
Slide 10: AudioCodes Live ARR
AudioCodes (USD Millions) Live ARR $100 $78-$82 $65 $48 $50 $0 4Q:23 4Q:24 2025 Target 4Q 2024
Slide 11: 2025 Outlook
2025 Outlook Revenues Non-GAAP EBITDA (in millions) (in millions) $246 - $254 $34-$38 4Q 2024
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non- GAAP Reconciliation 4Q 2024
Slide 13: Thank You
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