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) 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.
RADCOM Ltd. (NASDAQ: RDCM) will announce its financial results for the fourth quarter and full year 2022 on February 8, 2023, prior to the opening of Nasdaq trading. A conference call is scheduled for the same day at 8:00 AM EST to discuss the results and address questions. Interested participants can join via US toll-free number +1-866-652-8972 or +972-3-918-0644 from other locations. The call will be accessible online after the event through RADCOM's investor relations website. RADCOM specializes in cloud-native network intelligence solutions for telecom operators transitioning to 5G.
RADCOM Ltd. (Nasdaq: RDCM) has secured a new agreement with an operator in North America to implement its RADCOM ACE solution, providing real-time network performance insights as the operator expands 5G coverage while maintaining its 4G network. The RADCOM ACE will automate traffic analysis and monitor network performance from RAN to core, ensuring superior customer experiences. The solution is tailored for efficient operations within a cloud-native environment, addressing the needs of modern telecom infrastructure.
RADCOM (NASDAQ: RDCM) announced that its CEO, Eyal Harari, will present at the 25th Annual Needham Growth Conference on January 11, 2023, at 10:15 a.m. ET. Eyal will also participate in one-on-one meetings during the event. A live webcast will be available at this link and will be archived for 90 days. Presentation slides will be accessible on RADCOM's investor relations website on the same day.
RADCOM Ltd. (NASDAQ: RDCM) reported record quarterly revenue of $12 million, reflecting a 17% year-over-year increase. Non-GAAP net income reached a four-year high of $1 million. In the first nine months of 2022, revenue grew by 16% year-over-year, with expectations set for continued growth into 2023. Management reaffirmed the full-year 2022 revenue guidance of $45-48 million. Strengthened partnerships, particularly with Rakuten Mobile, and successful new contract wins are key highlights. The company remains optimistic about sustained growth.
RADCOM (NASDAQ: RDCM) will present at the 16th Annual Needham Virtual Security, Networking, & Communications Conference on November 15, 2022, at 10:15 a.m. Eastern Time. CEO Eyal Harari will deliver the presentation and hold 1-on-1 meetings that day. Interested participants can register for the virtual event through this link. The presentation will be archived for 90 days, with slides available on RADCOM's investor relations page.
RADCOM specializes in 5G-ready cloud-native network intelligence solutions.
RADCOM (Nasdaq: RDCM) announced it will release its third-quarter financial results for the period ending September 30, 2022, on November 10, 2022, before the market opens. Management will host a conference call that same day at 8:00 a.m. ET to discuss the results and address questions. Participants can join by calling +1-866-652-8972 (U.S. toll-free) or +972-3-918-0644 (International). The conference call will be archived on RADCOM's IR website. RADCOM specializes in 5G network intelligence solutions for telecom operators.
RADCOM Ltd. (Nasdaq: RDCM) has renewed its contract with Rakuten Mobile Inc., extending their partnership first established in 2019. This renewal allows RADCOM to continue delivering its cloud-native assurance solutions for Rakuten's network in Japan. The solutions enable real-time service monitoring and network analytics, supporting Rakuten in maintaining service quality. As Rakuten launches new services, RADCOM focuses on efficient network management and swift issue detection, bolstering customer experience and reducing operational costs.
RADCOM Ltd. (Nasdaq: RDCM) reported strong financial results for Q2 2022, achieving revenues of $11.1 million, a 14% increase year-over-year. This marks the company's 12th consecutive quarter of growth. Non-GAAP net income improved to $0.02 million from a loss of $0.3 million a year prior. Cash and short-term deposits reached a four-year high of $73.1 million. The company raised its 2022 revenue guidance for the second time, now projecting $45 million-$48 million, driven by new contract wins, including a multi-year 5G assurance contract in Europe and partnerships with DISH and AT&T.
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