Business

AudioCodes Reports Annual Financial Results and Builds Digital Workplace Syndicate

LOD, Israel, March 27, 2024 /PRNewswire/ -- AudioCodes, a distinguished provider of progressive communications software, products, and productivity solutions for the digital workplace, today made a pivotal announcement. The company has officially filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, including its audited financial statements for the fiscal year that concluded on December 31, 2023.

This comprehensive document, titled the "2023 Annual Report," is now accessible on the AudioCodes website, under the "Investor Relations" section. Stakeholders interested in a more tangible format can request a hard copy of the report, which will be provided free of charge. For convenience, requests can be made using the contact information posted atop this press release.

Engage with AudioCodes Online

AudioCodes heartily invites individuals to become part of their online community and to stay informed of the latest happenings and insights by following the company on various social media channels. These include the AudioCodes Voice Blog for thought leadership articles, LinkedIn for professional networking, Twitter for real-time updates, Facebook for community engagements, and YouTube for multimedia content.

Bridging Communication Gaps: Introducing AudioCodes

Renowned as a premier vendor in the communications arena, AudioCodes Ltd. stands at the forefront, trading on both NASDAQ and TASE under the symbol AUDC. The company excels at enabling both enterprises and service providers to create and operate all-IP voice networks. These networks are essential for a wide range of applications, including unified communications, contact centers, and hosted business services, which enhance efficiency and streamline operations.

The product lineup of AudioCodes includes an extensive and innovative selection, complemented by solutions and services that are co-opted by notable multinational enterprises and leading tier-1 operators across the globe. By supplying top-tier technology and support, AudioCodes has cemented its reputation as a driver of industry evolution and a champion of digital workplace advancement.

For more comprehensive information regarding AudioCodes and to understand how it is shaping the world of communications, you are encouraged to visit AudioCodes official website.

Peering into the Future with AudioCodes' Forward-Looking Statements

AudioCodes' future predictions and its perspectives on economic performance, along with its product strategy, are encapsulated within "forward-looking statements" as defined under U.S. Federal securities laws. However, these predictions are not set in stone. They are subject to a myriad of risks and uncertainties which could potentially alter the actual outcomes. Fluctuations in market demand, the commercial success of new products, the influence of competitors’ actions on pricing and market share, as well as the critical ability to develop technology in a timely fashion, are just a few of the variables that could sway results significantly.

Further risks include imperative financing needs and maintaining compliance with company loan agreements. The company's growth ambitions through acquisitions could also introduce unanticipated complexities in integrating the new entities seamlessly into the current business model. The ongoing COVID-19 pandemic continues to present uncertainties, affecting operations and fiscal results.

Moreover, the company’s domicile, Israel, in recent times has been a nexus of geopolitical tension. The violent conflicts between Hamas and Israel, as well as between Israel and Hezbollah, have grave implications that extend beyond the bounds of political discourse into affecting business operations directly. These situations raise concerns about the potential escalation into a broader regional conflict which may involve Israel and other parties, indirectly impacting AudioCodes' ability to produce and sell its solutions. Additionally, the statutory obligation for military service in Israel for many of its employees adds another layer of complexity to its operations during periods of increased military action.

These stated risks and uncertainties, along with other relevant variables, are meticulously detailed in the filings made by AudioCodes with the U.S. Securities and Exchange Commission. It is noteworthy that AudioCodes does not commit to updating the information released as these forward-looking statements are reflective of the situation at the time of publication.

AudioCodes’ Trademarks and Product Legacy

©2024 AudioCodes Ltd. All rights reserved. Throughout its existence, AudioCodes has developed and registered a multitude of products and services that are recognized as trademarks, all indicative of the company's pioneering spirit and commitment to innovation. Among these are AudioCodes, AC, HD VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's Inside Matters, OSN, SmartTAP, User Management Pack, VMAS, VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, VocaNom, AudioCodes One Voice, AudioCodes Meeting Insights, AudioCodes Room Experience, and CloudBond. These names have become synonymous with the company's vision of revolutionizing voice communication in the digital workplace and beyond.

Owners of alternative products or trademarks are duly recognized for their respective ownerships, affirming that the specifications of the products provided by AudioCodes are subject to revisions and enhancements without prior notifications.

Contact Details for Further Engagement

Should readers wish to engage directly with company representatives for additional insights or information, the following AudioCodes contacts are available:

Niran Baruch, Chief Financial Officer, AudioCodes, Tel: +972-3-976-4000, Email: protected Email.

Roger L. Chuchen, VP, Investor Relations, AudioCodes, Tel: 732-764-2552, Email: protected Email.

For the source of this information and to delve deeper into the world that AudioCodes is creating, visit AudioCodes.

In conclusion, AudioCodes' significant disclosure of the annual financial results underpins the company's transparent and investor-friendly approach. The company's unwavering commitment to enhancing digital workplaces through innovative communication solutions stands testament to its leadership and foresight in the global market. As the company navigates a world afflicted by pandemic and geopolitical challenges, its forward-looking statements indicate a readiness to adapt and a confidence in continued success. AudioCodes’ rich array of trademarks and product landmarks reflect its continued dedication to innovation and customer satisfaction in the ever-evolving landscape of digital communication.

With this announcement, stakeholders and industry observers alike are provided with an expansive view of AudioCodes' operational strategies, fiscal health, and market dynamics. The availability of the Annual Report on the company's website and the offer of a hard copy on request signal a company that values accessibility and transparency in its investor relations.

As the narrative of AudioCodes unfolds, the company positions itself not just as a contender within its market, but as a visionary shaping the very contours of digital workplace communication. The call is clear for clients, investors, and technology enthusiasts to watch this space for more developments from AudioCodes, a company that is truly emblematic of innovation and excellence in the field of advanced communications.