AltiGen Communications Inc (ATGN)

[blindman28]

We might be able to get in again haha. Looking like a great buy below $2.00
would of loved to pick some up on the sell off.

The only thing that scares me a little is the on going litigation with some very small companies. It looks like they owe $1.5 million to a company called CTI. & another company called IntelliTalk (2 employees) is suing them from 2019 and is on going.

Good news is ATGN has 6.1 million in cash so its not that big of a deal. It is just going to put a damper on short term earnings.

This past Q should of been $620k in Net Income compared to $571k in same Q last year. but they had a $188k litigation cost.

Still 3 million in Rev compared to 2.65 million from last year Q is encouraging still. that is a 13% increase YOY