AudioCodes Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 59.21 million compared to USD 66.36 million a year ago. Net loss was USD 0.182 million compared to net income of USD 8.61 million a year ago.

Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.26 a year ago.