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 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
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