CXDO - Altigen Communications - Riding The Coattails Of Teams Microsoft's Fastest Growing Application
Investment Thesis
After I posted my article on Crexendo (CXDO), SA contributor, Sergio Heiber, referred me to another player in the fast expanding, new age telephony space, Altigen Communications (ATGN). After performing my due diligence, I decided to initiate a position in ATGN, too.
Altigen has been in the doldrums over the last decade, but recently changed their business model to a more sustainable, lucrative cloud-based one with recurring revenues. The new business model turned financials around and the company is now cash flow positive and the share price is