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) announced the global availability of its 5G service assurance solution, RADCOM ACE, through Rakuten Symphony's Symworld™ marketplace. Deployed in Rakuten Mobile's cloud-native network in Japan, RADCOM ACE aims to support telecom operators worldwide in their transition to 5G. The solution provides advanced, impartial insights across the network lifecycle, enhancing customer experiences and optimizing performance. This partnership strengthens RADCOM's relationship with Rakuten and underscores its capabilities in 5G assurance.
SatixFy Communications has appointed David Ripstein as the new CEO, effective June 27, 2022. Ripstein previously held CEO roles at RADCOM and GreenRoad Technologies. The company is finalizing a business combination with Endurance Acquisition Corp. (NASDAQ: EDNC), expected to close in the second half of 2022. This merger is aimed at enhancing SatixFy’s growth in satellite communications. Yoav Leibovitch remains as Chairman and CFO. The transaction will enable aggressive sales strategies with expected revenue growth.
RADCOM Ltd. (RDCM) announced its Q1 2022 financial results, reporting revenues of $10.6 million, a 16% year-over-year increase, marking the 11th consecutive quarter of growth. The company updated its full-year revenue guidance from $42-$45 million to $43-$47 million. In 2022, RADCOM secured significant contracts, including a multi-year assurance contract with DISH Wireless for 5G network monitoring and renewed its contract with AT&T. As of March 31, 2022, RADCOM had $70.9 million in cash, no debt, and reported a GAAP net loss of $0.6 million.
RADCOM (Nasdaq: RDCM) will present at the 17th Annual Needham Technology & Media Conference on May 18, 2022, at 8:45 AM ET, virtually by CEO Eyal Harari. One-on-one meetings can be arranged through Needham representatives. A live webcast of the presentation will be available at this link, with slides accessible on RADCOM's investor relations page on the presentation day. The webcast will remain accessible for 90 days after the event.
RADCOM Ltd. (Nasdaq: RDCM) will announce its financial results for Q1 2022 on May 12, 2022, prior to the Nasdaq market opening. The company specializes in 5G network intelligence solutions for telecom operators. An interactive conference call is scheduled for the same day at 8:00 AM ET to discuss the results and answer questions from participants. Investors can join the call using designated numbers provided in the announcement. For further inquiries, investor relations can be contacted via Miri Segal, MS-IR LLC.
RADCOM Ltd. (NASDAQ: RDCM) has secured a multi-year contract to implement its RADCOM ACE service assurance solution for a European mobile operator. This contract aims to enhance customer experience through real-time analytics for 5G services, ensuring smooth deployment, optimal service quality, and automated network performance. RADCOM ACE's cloud-native technology offers vendor-agnostic visibility, enabling quick identification and resolution of service issues. The announcement underscores RADCOM's leadership in the 5G assurance market.
RADCOM Ltd. (NASDAQ: RDCM) has renewed its multi-year contract with AT&T Services, ensuring continued provision of automated service assurance for AT&T’s cloud network. This partnership enables RADCOM to deliver crucial network performance and service quality enhancements essential for telecom operators transitioning to 5G. RADCOM specializes in network intelligence solutions, offering advanced technologies for network analysis, troubleshooting, and customer experience monitoring. The company emphasizes its commitment to innovation in 5G readiness, while cautioning about potential risks associated with its forward-looking statements.
RADCOM Ltd. (Nasdaq: RDCM) announced its financial results for Q4 and full-year 2021, achieving record revenues of $11.2 million for Q4 and $40.3 million for the year. The company reported a GAAP net loss of $1.4 million for Q4 and $5.3 million for the year, attributed to currency fluctuations and increased compensation expenses. With a cash reserve of $70.6 million and no debt, RADCOM provided 2022 revenue guidance of $42-$45 million. The CEO highlighted growth potential driven by 5G market investments and a strong sales pipeline.
RADCOM, a leader in 5G network intelligence, will announce its Q4 and full-year 2021 results on February 24, 2022, prior to the Nasdaq market opening. The conference call at 7:30 AM EST will provide insights into the financial performance and allow for participant questions. For US callers, the toll-free number is +1-866-652-8972, with an alternative for international callers at +972-3-918-0610. A replay will be accessible on the company's investor relations website.
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