2024-04-24 12:48:02 ET
Summary
- AudioCodes is transitioning to a software-service-based company, which has the potential to revitalize its profitability and efficiency in the long run.
- The company has a strong balance sheet with no debt and $38 million in cash and equivalents, making it an attractive investment for debt-averse investors.
- AudioCodes is focusing on AI-first voice-related software and applications, which could lead to higher margins and licensing revenues in the future.
Introduction
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AudioCodes: Transition Is Going Well, But Can It Continue? I Say Yes