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) announced that CEO Eyal Harari will present virtually at the 24th Annual Needham Growth Conference on January 10, 2022, at 10:00 AM EST. One-on-one meetings can be scheduled via Needham representatives or Miri Segal at msegal@ms-ir.com. A live webcast of the presentation will be publicly available at this link and will be archived for 90 days. RADCOM specializes in 5G network intelligence solutions, aiding telecom operators in network performance analysis and customer experience enhancement.
RADCOM Ltd. (Nasdaq: RDCM) has appointed Hadar Rahav as its new Chief Financial Officer, effective January 1, 2022. She will succeed Amir Hai, who is leaving to pursue other opportunities. Rahav, who joined RADCOM in 2020, previously served as Head of Global Finance and has a strong background in finance leadership. CEO Eyal Harari expressed confidence in Rahav's ability to drive the company's growth strategy while maintaining financial stability. The transition aims to ensure continuity during this critical period for RADCOM.
RADCOM Ltd. (NASDAQ: RDCM) reported third-quarter revenues of $10.2 million, a year-over-year increase from $9.8 million in Q3 2020. The company maintains its 2021 revenue guidance of $39 million to $41 million. Despite a GAAP net loss of $1.1 million, RADCOM holds $67 million in cash with no debt. The firm continues to invest in 5G assurance technology and has integrated with Amazon Web Services to enhance service delivery. The CEO expressed optimism for future growth, highlighting ongoing demand for advanced network solutions.
RADCOM (Nasdaq: RDCM) announced that CEO Eyal Harari will present at the Needham Virtual Security, Networking, and Communications Conference on November 16, 2021, at 8:00 AM EST. The presentation will be available via live webcast, which will be archived for 90 days. Interested parties can schedule one-on-one meetings during the conference by contacting Needham sales representatives or Miri Segal. RADCOM specializes in 5G network intelligence solutions, offering insights and service assurance for telecom operators.
RADCOM Ltd. (Nasdaq: RDCM) will report its financial results for Q3 2021 on November 11, 2021, before market opening. An interactive conference call is scheduled for the same day at 8:00 AM EST to discuss the results. Participants can join by calling +1-866-652-8972 from the US or +972-3-918-0610 from elsewhere. A replay will be available on the investor relations website shortly after. RADCOM specializes in 5G network intelligence solutions, providing telecom operators with advanced tools for monitoring and troubleshooting network performance.
RADCOM Ltd. (Nasdaq: RDCM) has launched RADCOM ACE on Amazon Web Services (AWS), enhancing real-time analytics and troubleshooting for telecom operators transitioning to 5G and optimizing existing 4G and VoLTE networks. This cloud-native service assurance platform facilitates dynamic deployment and management via AWS, improving customer experience while reducing operational costs. RADCOM ACE incorporates advanced AI for anomaly detection and supports essential architectures like CUPS, promising significant benefits in network visibility and service efficiency.
RADCOM Ltd. (NASDAQ: RDCM) reported second-quarter 2021 revenues of $9.8 million, marking the eighth consecutive quarter of year-over-year growth. The CEO noted several significant orders and a heightened sales pipeline, particularly in the 5G market. The company has launched an AI-driven solution as part of RADCOM ACE to enhance network quality assurance. For 2021, RADCOM reiterated its revenue guidance of $39-41 million. Despite increased investment in R&D and marketing, the GAAP net loss for Q2 was $1.1 million, compared to a smaller loss in Q2 2020.
RADCOM Ltd. (Nasdaq: RDCM) has launched a new AI solution for its automated 5G assurance product, RADCOM ACE, designed to enhance network operational efficiency and customer experience. This solution employs Machine Learning to analyze vast data volumes, automatically detecting anomalies and providing predictive analytics. It enables operators to manage 5G complexities effectively, saving engineering resources and improving service quality. Key benefits include proactive performance issue identification and smart monitoring of VIP services. As 5G networks grow, RADCOM ACE is set to become essential for optimizing network management.
RADCOM Ltd. (Nasdaq: RDCM) will report its Q2 2021 financial results on August 12, 2021, prior to the Nasdaq market opening. An interactive conference call will follow at 8:00 AM EDT to discuss the results and answer questions. Participants can join by calling +1-866-652-8972 in the US or +972-3-918-0610 from other locations. A replay will be accessible on the company's investor relations website shortly after. RADCOM specializes in 5G cloud-native network intelligence solutions for telecom operators.
RADCOM (Nasdaq: RDCM) will be represented by CEO Eyal Harari at the 16th Annual Needham Virtual Technology & Media Conference on May 20, 2021, at 8:45 AM EDT. Attendees can schedule virtual one-on-one meetings through their Needham salesperson. The live presentation will be accessible via a webcast, archived for 90 days. The conference runs from May 17-20, 2021, featuring over 350 companies. RADCOM specializes in 5G network intelligence solutions for telecom operators, enhancing their transition to 5G.
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