Altigen Communications, Inc. (PNK:ATGN) Q3 2023 Earnings Call Transcript

Jason Revland: Great. My last question relates to your R&D spending. You’ve hinted in previous quarters and this quarter, that spending seems to be abating based on the investments — the investment phase kind of phasing out. But we didn’t see that this quarter. Is that something that we could expect next quarter to see your R&D line start to decrease?

Jeremiah Fleming: Well, we have a small decrease this quarter. And so I think most of what we’re going to do. Yes, there’s still a few adjustments we can make, Jason, in that area and that we will — shouldn’t say can. There are a few adjustments that we will make. We also had to increase investments in some areas shorter term to get some things done. But, yes, because of the path that we’re taking. Well, it’s a tough thing. If we stay on our current business model, my R&D costs will go down. If we continue to grow, of course, that they will increase, but not at the same level as our revenues. So, yes. Does that make sense?

Jason Revland: Yes, as a percentage of revenue, you would expect to see leverage on that line, meaning decreases on the percentage of revenue. Okay. Great. Thanks for taking my questions.

Jeremiah Fleming: Okay. Thank you.

Operator: Okay. It looks like we have no further questions in queue. I’d like to turn the call back to management for any closing remarks.

Jeremiah Fleming: All right. Thank you, operator, and thank you, everyone, for joining us on the call. It will be just a little while for our next call since our fiscal year-end is September 30. And by the time we go through the audit process, we will probably — and then we’ve got Thanksgiving. So we’ll probably talk to you just after Thanksgiving. So stay tuned. I hope to have some great updates for you then. Thanks, everybody.

Carolyn David: Thank you, everyone.

Operator: This concludes today’s conference and you may disconnect your lines at this time. Thank you for your participation.