AudioCodes Reports Fourth Quarter and Year 2001 Results

1/22/2002 - AudioCodes Ltd. (NASDAQ: AUDC), a leading provider of Voice over Packet technologies, today announced financial results for the fourth quarter and year-ended December 31, 2001. Revenues for the fourth quarter ended December 31, 2001 were $5.5 million compared to $5.0 million for the third quarter ended September 30, 2001 and $22.5 million for the fourth quarter ended December 31, 2000. Excluding a write-down of $750,000 relating to a minority equity investment, the pro forma net loss for the fourth quarter was $4.2 million, or $(0.11) per basic and diluted share, compared with net income of $8.0 million, or $0.19 per diluted share, for the same period last year. Including this charge, net loss for the quarter was $5.0 million, or $(0.13) per basic and diluted loss per share.

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