AltiGen Communications, Inc. reported earnings results for the first quarter ended December 31, 2015. For the quarter, the company reported revenue of $2.2 million compared to $2.4 million for last quarter. Deferred revenue for this recurring revenue stream as of December 31, 2015, was $1.7 million, down slightly from $1.8 million from the previous quarter and down from $2 million in the same quarter last year.

Net income was $30,000 or $0.02 per diluted share compared to $209,000 or $0.01 per share in the preceding quarter. These results reflect the effect of FASB 123R expensing of share-based compensation in the amounts of $116,000 and $143,000 respectively.