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) 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.
RADCOM Ltd. (Nasdaq: RDCM) reported strong Q1 2021 results, with revenues of $9.1 million, up from $8.3 million year-over-year. The company achieved a reduced GAAP net loss of $1.7 million, or $0.12 per share, compared to $2.9 million, or $0.21 per share, in Q1 2020. RADCOM continues to expand its role as a leading 5G assurance provider, recently securing a significant order from a top-tier LATAM operator for its RADCOM ACE platform. The company maintains a robust cash position of $67.3 million with no debt and reaffirms a full-year revenue guidance of $39-41 million.
RADCOM Ltd. (Nasdaq: RDCM) has secured a new order for its RADCOM ACE assurance solution from a leading operator in LATAM, enhancing its deployment for 4G and setting the stage for future 5G support. This selection follows a rigorous tender process, emphasizing RADCOM ACE's capabilities in network monitoring and optimization. CEO Eyal Harari highlighted the solution's value in improving network quality and customer experience, particularly for cloud-based VoLTE services. The order reflects RADCOM's commitment to supporting operators in their transition to 5G.
RADCOM Ltd. (Nasdaq: RDCM) will report its financial results for Q1 ending March 31, 2021, on May 11, 2021, before Nasdaq market opening. An interactive conference call will follow at 8:00 AM EDT to discuss the results. Participants can join via a toll-free number from the US or a local number from Israel. A replay will be available on the company's investor relations website. RADCOM specializes in 5G-ready network intelligence solutions for telecom operators, offering tools for network visibility, service assurance, and insights.
RADCOM Ltd (Nasdaq: RDCM) has integrated its automated 5G assurance solution, RADCOM ACE, with Microsoft Azure, enhancing the deployment and optimization of 5G services. This integration enables telecom operators to utilize AI-driven insights for improved service quality and reduced operational costs. RADCOM ACE operates as a cloud-native solution and is managed through Azure Kubernetes Service, facilitating automated network intelligence and advanced troubleshooting. The solution supports both standalone and non-standalone 5G, aiming to simplify 5G rollouts and enhance customer experience.
RADCOM Ltd. (Nasdaq: RDCM) reported strong financial results for Q4 and FY 2020, with Q4 revenues of $10.2 million, up from $9 million in Q4 2019. The FY 2020 revenues reached $37.6 million, a 14% increase from $33 million in 2019. The GAAP net loss for Q4 decreased to $0.5 million, while full-year GAAP net loss reduced to $4 million. The company highlights the successful launch of its 5G assurance platform, RADCOM ACE, and anticipates revenue growth in 2021, forecasting $39-$41 million. With $69 million in cash and no debt, RADCOM is well-positioned for future market opportunities.
RADCOM Ltd. (NASDAQ: RDCM) will release its financial results for Q4 and the full year ending December 31, 2020 on February 17, 2021, before Nasdaq trading opens. An interactive conference call will occur on the same day at 8:00 AM EST to discuss the results and answer questions. Participants can call in 5 minutes prior using the US toll-free number +1-866-652-8972 or +972-3-918-0610 from other locations. A replay will be available on RADCOM's website following the call.
RADCOM Ltd. (Nasdaq: RDCM) will present at the 23rd Annual Needham Growth Conference on January 15, 2021, at 9:15 AM EST. CEO Eyal Harari will host a virtual presentation, with management available for one-on-one meetings. Investors can view the live webcast here, which will be archived for 90 days. The conference runs from January 11-14, 2021, and features growth companies across various sectors, including telecommunications and software.
RADCOM Ltd. (Nasdaq: RDCM) reported third-quarter financial results for 2020, highlighting a revenue increase to $9.8 million, up from $9.4 million in 2019. The GAAP net loss improved to $0.4 million, or $0.03 per diluted share, compared to a loss of $1.7 million in Q3 2019. Non-GAAP net income was $0.2 million, or $0.02 per diluted share. The company signed a significant multi-year 5G assurance contract with Rakuten Mobile and aims for full-year revenue of $35 million to $38 million.
RADCOM Ltd (Nasdaq: RDCM) has finalized a multi-year agreement with Rakuten Mobile, Inc. to provide service assurance for its Non-Stand Alone (NSA) and forthcoming Stand Alone (SA) 5G services. RADCOM will implement its cloud-native solution, RADCOM ACE, to ensure end-to-end service assurance for Rakuten's 5G network. This partnership builds on prior collaboration during Rakuten's mobile network launch. RADCOM ACE will automate life cycle assurance for enhanced customer experiences, providing advanced tools for real-time monitoring and troubleshooting, crucial for maintaining high service quality.
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