Welcome to our dedicated page for Radcom news (Ticker: RDCM), a resource for investors and traders seeking the latest updates and insights on Radcom stock.
Radcom Ltd. (Nasdaq: RDCM) is a leading provider of innovative service assurance and customer experience management solutions for telecom operators worldwide. Established in Israel, Radcom specializes in advanced network intelligence solutions designed to transition telecom operators to next-generation mobile and fixed networks, including LTE, VoLTE, IMS, VoIP, UMTS/GSM, and 5G. Radcom's core offerings, such as Radcom Network Visibility, Radcom Service Assurance, and Radcom Network Insights, enable operators to optimize network performance, prevent revenue leakage, and enhance customer care management.
Radcom's flagship product, Radcom ACE, is a 5G-ready, cloud-native network intelligence platform that employs big data analytics and AI-driven insights to deliver comprehensive network analysis from the RAN to the core. Recently, Radcom launched the Virtual Drive Test (VDT) solution, significantly reducing drive test costs and improving 5G service coverage using advanced AI to analyze real user insights.
Radcom's financial performance has shown consistent growth. In the second quarter of 2023, the company achieved record revenues of $12.4 million, marking the 16th consecutive quarter of year-over-year growth. The third quarter saw an increase to $13.2 million, maintaining this positive trajectory. For the full year 2023, Radcom reported record revenues of $51.6 million, a 12% growth year-over-year, and scaled up to a mid-size software company for the first time. The company remains debt-free with positive cash flow totaling $82.2 million.
Key partnerships include ongoing collaborations with Rakuten Mobile in Japan and a U.S. telecom operator, leveraging Radcom ACE hosted on Amazon Web Services. Radcom's solutions are also used by WINDTRE in Italy to enhance mobile service quality and reduce environmental impact.
As of 2024, Radcom has secured over $45 million in new contracts, underscoring its strong market position and the effectiveness of its innovative solutions. The company is committed to sustaining growth and profitability, with a focus on expanding its market presence and delivering cutting-edge technology to telecom operators globally.
RADCOM (Nasdaq: RDCM) announced the development of a next-generation user plane data capture and analytics solution powered by NVIDIA BlueField-3 DPU. The solution aims to provide real-time customer Quality of Experience (QoE) insights through high-volume data processing across network edges.
The technology is designed to:
- Enable closed-loop automation and AI-driven analytics
- Process massive data traffic for large-scale network analysis
- Support generative AI applications for customer intent analysis
- Optimize network computing resources
- Reduce operational costs related to network probes
RADCOM plans to trial the solution with key customers in 2025, targeting a full commercial launch in early 2026.
RADCOM (NASDAQ: RDCM) reported record-breaking financial results for 2024, achieving its fifth consecutive year of growth. The company posted record revenue of $61 million, representing an 18.2% year-over-year increase. GAAP net income reached $7 million ($0.43 per diluted share), while non-GAAP net income was $13.5 million ($0.83 per diluted share).
The company generated $12.5 million in positive cash flow, ending the year with $94.7 million in cash and short-term deposits, its highest cash level ever, while remaining debt-free. RADCOM secured a new multi-year contract with Norlys (Telia Denmark) and projects 12-15% revenue growth for 2025, targeting approximately $69.2 million.
Fourth quarter 2024 revenues were $16.3 million, up 16.1% year-over-year, with GAAP net income of $2.2 million ($0.14 per diluted share) and non-GAAP net income of $3.8 million ($0.23 per diluted share).
RADCOM (Nasdaq: RDCM) has announced the postponement of its scheduled interactive conference call that was originally planned to follow the release of its Q4 and full-year 2024 financial results. The postponement is due to the passing of CEO Benny Eppstein's father.
The company confirms that the financial results will still be published as scheduled on Wednesday, February 12, 2025, before the Nasdaq Stock Market opens. A new date for the interactive conference call will be announced later.
RADCOM (Nasdaq: RDCM) has announced integration of its RAN Analytics Solution with ServiceNow, focusing on automated complaint resolution for telecom operators. The integration, leveraging AIOps, aims to streamline ticket validation and prioritization, reducing network engineers' time spent on technical issues.
As a ServiceNow Registered Build Partner, RADCOM's solution automatically identifies reported network issues, investigates root causes, and suggests resolutions using AI/ML technology. The system correlates subscriber RAN and core service metrics with customer case impacts, generating network resolution actions that benefit large subscriber segments.
The integration interfaces with ServiceNow TSM to process network-assigned tickets, prioritizing subscribers' complaints based on customer impact scores. This collaboration addresses the challenge of unprioritized service tickets that burden technical support teams and impact customer experience.
RADCOM (Nasdaq: RDCM) has been awarded the Fierce Network Innovation Award for Best Network Test & Measurement Solution, specifically recognizing their Virtual Drive Test solution. The innovative technology uses advanced AI to reconstruct transportation routes and assign quality scores without requiring GPS or geographical data.
The solution transforms traditional network testing by eliminating the need for physical drive tests and field engineers. It continuously collects and analyzes network data across various environments including highways, railways, and urban/rural areas, using actual customer data to identify network issues and understand traffic patterns.
According to CEO Benny Eppstein, this recognition validates RADCOM's innovative approach and positions the company strongly in the 5G network assurance market. The 2024 Fierce Network Innovation Awards highlighted solutions that can drive cost savings, enhance customer engagement, and transform network capabilities.
RADCOM (Nasdaq: RDCM) has announced it will release its financial results for Q4 and full year 2024 on Wednesday, February 12, 2025, before the Nasdaq Stock Market opens. The company will host an interactive conference call at 8:00 AM Eastern Time (3:00 PM Israel Standard Time) on the same day, where management will discuss results and answer questions.
A live webcast will be available and archived for 90 days following the presentation. Participants can join the call from the US toll-free at +1-866-652-8972 or from other locations at +972-3-9180644. A replay will be available on RADCOM's investor relations website.
RADCOM (NASDAQ: RDCM) has secured a new multi-year contract with Norlys, owner of Telia Denmark, to implement RADCOM ACE for monitoring customer experiences across 5G and 4G networks throughout Denmark. The solution will provide end-to-end monitoring from radio access network (RAN) to core, delivering vendor-agnostic insights through a unified 'single pane of glass' interface.
Following Norlys' acquisition of Telia Denmark in April 2024, the partnership aims to strengthen Norlys' position as a leading mobile operator in Denmark. RADCOM's automated assurance solution, enhanced by AI and machine learning, will enable faster issue resolution, optimize engineering resources, and ensure proactive maintenance of service quality. The system integrates with other platforms to improve customer experience management while reducing operational costs.
RADCOM (NASDAQ: RDCM) has announced its upcoming participation in the 27th Annual Needham Growth Conference, scheduled for January 16, 2025. The company will be represented virtually by CEO Benny Eppstein and CFO Hadar Rahav. Management will be available for one-on-one virtual meetings with investors, which can be arranged through Needham representatives.
RADCOM (NASDAQ: RDCM) has announced its participation in the Benchmark 13th Annual Discovery One-on-One Investor Conference. The event is scheduled for December 11, 2024, in New York. Hadar Rahav, the company's Chief Financial Officer, will be present at the conference and available for individual investor meetings. Interested parties can arrange meetings through their Benchmark representatives.
RADCOM (NASDAQ: RDCM) reported strong Q3 2024 financial results with revenue reaching $15.8 million, up 20% year-over-year. The company achieved GAAP net income of $2.3 million ($0.14 EPS) compared to a net loss in Q3 2023. Cash position reached a record $90.2 million. For the first nine months of 2024, revenue grew 19% to $44.8 million with GAAP net income of $4.7 million. Following these results, RADCOM raised its 2024 revenue guidance to $59-62 million. The company also announced the appointment of Mr. Benny Eppstein as new CEO effective December 1st, 2024.
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