Company Information

  

Address: 1 HAYARDEN STREET  
City: AIRPORT CITY, LOD, ISRAEL 
State:  
Zip Code: 70151 
Telephone: 97239764000 

Description of Business

Primary SIC Code: 3661
(As filed with the SEC)  

AudioCodes Ltd. was incorporated in 1992 under the laws of the State of Israel. Our principal executive offices are located at 1 Hayarden Street, Airport City, Lod, 7019900 Israel. Our telephone number is +972-3-976-4099. Our agent in the United States is AudioCodes Inc., 27 World's Fair Drive, Somerset, New Jersey 08873. MAJOR DEVELOPMENTS SINCE JANUARY 1, 2017 R&D Center In April 2014, the Office of the Chief Scientist (now known as NATI) approved a three-year program (2014-2016) for approximately NIS100 million (equal to approximately $25.7 million based on the exchange rate in effect as of December 31, 2014) to enable us to establish an advanced innovative research and development center for cloud computing technologies and Unified Communications. In May 2014, the research and development center was established.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.17NA42.06
12/20170.13NA56.62
09/20170.53NA13.47
06/20170.52NA11.52
03/20170.51NA13.75
12/20160.45NA14.11
09/20160.11NA48.55
06/20160.08NA52.38

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.03Total Liab/Total Assets0.46
Net Inc/Total Assets0.02Total Liab/Inv Cap0.64
Net Inc/Inv Cap0.03Total Liab/Comm Equity0.59
Pretax Inc/Net Sales0.06Interest Coverage RatioNA
Net Inc/Net Sales0.03Curr Debt/Equity0.03
Cash Flow/Net Sales0.11LTD/Equity0.07
SG&A/NetSales0.37Total Debt/Equity0.09
Asset Utilization   Liquidity  
Net Receivables Turnover5.64Quick Ratio1.34
Inventory Turnover3.58Current Ratio1.71
Inventory Day Sales0.01Net Rec/Curr Assets0.35
Net Sales/Work Cap4.90Inv/Curr Assets0.21
Net Sales/PP&E40.87  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 156.74 145.57 139.76 151.58
Cost of Goods Sold 58.89 57.23 56.97 62.59
Selling & Admin Exps 57.85 51.45 52.09 53.21
Operating Income 9.65 7.75 2.71 3.50
Interest Exp NA NA NA NA
Pretax Income 9.64 7.59 3.15 3.31
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 4.03 16.24 0.37 -0.09

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 34.06 34.52 27.05 22.97
Receivables - Total 26.75 28.83 30.03 37.30
Inventories - Total 16.56 16.33 16.78 14.74
Total Current Assets 77.38 79.68 73.85 75.01
Net Property, Plant & Equipment 3.84 3.87 4.09 3.86
Total Assets 170.94 186.98 189.82 200.38
Liabilities        
Accounts Payable 26.43 26.33 25.26 25.87
Debt in Current Liabilities 2.52 3.45 5.34 4.69
Total Current Liabilities 45.36 44.73 43.48 40.79
Long-Term Debt 6.24 8.49 6.03 5.11
Total Liabilities 78.56 78.32 72.37 66.66
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.09 0.10 0.11 0.13
Retained Earnings -40.37 -44.40 -60.51 -60.87
Treasury Stock -115.48 -89.92 -60.54 -41.03
Total Stockholders' Equity 92.38 108.66 117.45 133.72
Total Liabilities and Stockholders' Equity 170.94 186.98 189.82 200.38

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 17.77 18.34 17.56 5.96
Net Cash Provided by Investing Activities 8.40 14.06 4.33 -43.38
Net Cash Provided by Financing Activities -26.28 -26.97 -17.79 21.46

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013137.234.220.11
12/2014151.58-0.090.16
12/2015139.760.370.01
12/2016145.5716.240.45
12/2017156.744.030.13
Growth Rates3.38--4.26

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18507,49225.93




Report Date : 7/16/2018

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