Welcome to our dedicated page for Radcom Ltd. news (Ticker: RDCM), a resource for investors and traders seeking the latest updates and insights on Radcom Ltd. 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) will present at the 19th Annual Needham Technology, Media, & Consumer Conference on May 16, 2024. Interim CEO and CFO will be presenting virtually, with one-on-one meetings available. A live webcast and presentation slides will be accessible online.
RADCOM announced RADCOM NetTalk™ is now available on Amazon Web Services (AWS), enhancing operational efficiencies with generative AI. The application leverages AWS AI services to provide network insights through RADCOM ACE, enabling faster network management and improved customer experiences. The integration with Amazon Bedrock and QuickSight allows operators to deploy generative AI capabilities securely and access unified business intelligence at a hyper-scale.
RADCOM (Nasdaq: RDCM) has secured a contract extension with a U.S. telecom operator to deploy RADCOM ACE Service Assurance on Amazon Web Services (AWS) as a Software-as-a-Service (SaaS) solution. This move enables the operator to improve network automation, flexibility, and real-time insights, ensuring excellent customer experiences and quality services.
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