Radcom Ltd. - RDCM STOCK NEWS

RADCOM Ltd. (Nasdaq: RDCM) will report its financial results for Q1 2023 on May 10, 2023, before the Nasdaq market opens. The reporting period ended on March 31, 2023.

Management will host a conference call to discuss the results at 8:00 AM ET on the same day. Participants can join via the toll-free number +1-866-652-8972 (US) or +972-3-918-0644 (international). A replay will be available later on the company's investor relations website.

RADCOM specializes in 5G network intelligence solutions for telecom operators. Their offerings include RADCOM Network Visibility, Service Assurance, and Network Insights, designed to enhance network analysis and performance troubleshooting through advanced machine learning techniques.

RADCOM Ltd. (Nasdaq: RDCM) announced the successful interoperability of its RADCOM ACE with Amazon Web Services (AWS) on March 7, 2023. This integration allows for enhanced end-to-end assurance lifecycle management and AI-driven analytics to facilitate rapid network operations and zero-touch management, particularly beneficial for 5G deployments. The solution aims to help telecom operators swiftly adapt to network changes and ensures service quality through automated assurance powered by AWS. Notably, RADCOM ACE is designed to be resource-efficient, allowing for real-time scalability and cost-effectiveness, ultimately driving improved operational performance and reduced capital and operational expenditures.

RADCOM Ltd. (RDCM) has partnered with Rakuten Mobile in Japan to launch the first Network Data Analytics Function (NWDAF) in production, enabling AI-driven 5G analytics for enhanced customer experience and service quality. This collaboration aims to achieve automation in network operations, focusing on proactive measures against service degradation. The RADCOM NWDAF leverages AI and ML to monitor complex 5G networks and will be commercially available via Rakuten Symphony's marketplace. This solution includes innovative use cases like RAN optimization and automatic issue resolution, positioning RADCOM as a key player in the 5G telecom sector.

RADCOM Ltd. (NASDAQ: RDCM) announced the launch of its AI-driven Virtualized Network Operations Center (vNOC), utilizing the latest RADCOM ACE solution to enhance automated network management. This innovation aims to improve end-user experiences and drive cost efficiencies by employing advanced AI analytics for anomaly detection and root cause analysis. Key benefits include optimized service quality for various applications, including 5G roaming and IoT, while significantly reducing operational costs. The vNOC leverages Machine Learning and generative AI, offering a proactive approach to network diagnostics and management. RADCOM showcased this technology at the Mobile World Congress in Barcelona, held from February 27 to March 2, 2023.

RADCOM Ltd. (Nasdaq: RDCM) has announced a definitive agreement to acquire Continual Ltd., a leader in mobility experience analytics, for up to $2.5 million. This acquisition aims to enhance RADCOM ACE analytics, specifically in location and mobility, which is crucial for optimizing the subscriber journey in the context of 5G. Expected revenue from Continual in 2023 is projected to be less than 5% of RADCOM's total revenue. The transaction is set to close within three months, pending regulatory approvals.

RADCOM Ltd. (Nasdaq: RDCM) reported a record revenue of $46.1 million for 2022, marking a 14% increase year-over-year. The company achieved a non-GAAP net income of $2.9 million, contrasting with a GAAP net loss of $2.3 million. Positive cash flow reached $7 million, bolstering cash reserves to $77.7 million without debt. Management anticipates continued growth, projecting full-year 2023 revenues between $50 million to $53 million. The fourth quarter alone produced revenues of $12.3 million, a substantial increase from $11.2 million in Q4 2021, alongside a notable shift to profitability on a non-GAAP basis.