Technology
RADCOM Reports Record-Breaking Year with Highest-Ever Revenues and Accelerated Profit Growth
Published
1 year agoon
By
Poised to Achieve its Sixth Consecutive Year of Revenue Growth
Key 2024 Highlights
Record revenue of $61M, with over 18.2% year over year increase and a 5th consecutive year of revenue growth Accelerated earnings of $0.43 per diluted share (GAAP) and $0.83 per diluted share (Non-GAAP)$12.5M positive cash flow, closing the year with a record-high $94.7M in cash and short-term bank depositsSecured a new customer: Norlys (Telia Denmark)Strong visibility into 2025, targeting double-digit revenue growth of 12% to 15% year over year
TEL AVIV, Israel, Feb. 12, 2025 /PRNewswire/ — RADCOM Ltd. (Nasdaq: RDCM) announced today strong financial results and accelerated profitability for the fourth quarter and full year ended December 31, 2024.
Management Comments:
“2024 was a record-breaking year for RADCOM, driven by exceptional team execution and remarkable achievements. We exceeded the midpoint of our full-year revenue guidance, marking our fifth consecutive year of growth while significantly enhancing profitability. Earnings per share surged by over 75% on a GAAP basis, and we achieved the highest cash and short-term deposits balances in the company’s history—$94.7 million—all while remaining completely debt-free,” said Benny Eppstein, Chief Executive Officer of RADCOM.
Our record-breaking performance highlights the power of our cloud and Gen AI-based assurance solution that telecom operators need to improve efficiency and deliver exceptional customer experiences. We remain laser-focused on innovation, AI, and automation, continuously investing in research and development (R&D) to reinforce our leadership in 5G assurance, expand our solution portfolio, and support operators as they transition to next-generation networks.
As announced a month ago, following a thorough selection process, we have secured a multi-year contract with Norlys, the owner of Telia Denmark. This win underscores RADCOM’s leadership in AI-driven assurance solutions and highlights the success of our strategic investment in European sales and marketing. We have further solidified our reputation as a trusted industry leader by replacing the incumbent assurance vendor.
Looking ahead to 2025, I am excited to lead RADCOM and believe that the best is yet to come. We are establishing strategic partnerships with service management system vendors and other industry leaders in advanced network technologies to enhance our solutions and expand market opportunities. With strong visibility, RADCOM is well positioned to achieve its sixth consecutive year of revenue growth.”
Mr. Eppstein concluded, “We anticipate full-year 2025 revenue growth of 12% to 15%, with a midpoint of $69.2 million—representing a 13.5% increase compared to 2024.”
Full Year 2024 Financial Highlights:
Total revenues for the full year were $61 million, a new company record, compared to $51.6 million for 2023.GAAP net income for the full year was $7 million, or $0.43 per diluted share, compared to a GAAP net income of $3.7 million, or $0.24 per diluted share, for 2023.Non-GAAP net income for the full year amounted to $13.5 million, or $0.83 per diluted share, compared to a non-GAAP net income of $10.2 million, or $0.67 per diluted share for the full year 2023.
Fourth Quarter 2024 Financial Highlights:
Total revenues for the fourth quarter were $16.3 million, compared to $14.0 million in the fourth quarter of 2023, 16.1% year-over-year growth.GAAP net income for the fourth quarter was $2.2 million, or $0.14 per diluted share, compared to a GAAP net income of $2.6 million, or $0.17 per diluted share, for the fourth quarter of 2023. The decrease was mainly attributed to lower interest income due to decreased interest rates.Non-GAAP net income for the period was $3.8 million, or $0.23 per diluted share, compared to a non-GAAP net income of $3.8 million, or $0.25 per diluted share, for the fourth quarter of 2023.As of December 31, 2024, the company had cash and cash equivalents, short-term bank deposits of $94.7 million, and no debt, ending the year with its highest cash levels.
Earnings Conference Call
As mentioned in our last press release, our conference call originally scheduled for February 12, 2025, has been rescheduled to Thursday, February 20, at 8:00 AM Eastern Time (3:00 PM Israel Standard Time). RADCOM management will discuss the results and address participants’ questions.
A live webcast of the presentation will be available at https://Veidan.activetrail.biz/radcomq4-2024. The webcast will be archived for 90 days following the live presentation.
To join the interactive call, please call one of the following numbers approximately five minutes before the call is scheduled to begin:
From the US (toll-free): +1-866-652-8972
From other locations: +972-3-9180644
A conference call replay will be available the same day on the Company’s investor relations website, www.radcom.com/investor-relations.
For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
msegal@ms-ir.com
Company Contact: Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com
About RADCOM
RADCOM (Nasdaq: RDCM) is the leading expert in 5G-ready cloud-native, network intelligence solutions for telecom operators transitioning to 5G. RADCOM Network Intelligence consists of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The RADCOM Network Intelligence suite offers intelligent, container-based, on-demand solutions to deliver network analysis from the RAN to the core for 5G assurance. Utilizing automated and dynamic solutions with smart minimal data collection and on-demand troubleshooting, and cutting-edge techniques based on machine learning, these solutions work in harmony to provide operators with an understanding of the entire customer experience and allow them to troubleshoot network performance from a high to granular level while reducing storage costs and cloud resource utilization. For more information on how to RADCOMize your network today, please visit www.radcom.com, the content of which does not form a part of this press release.
Non-GAAP Information
Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the reader’s overall understanding of the Company’s financial performance. By excluding non-cash stock-based compensation that has been expensed in accordance with ASC Topic 718, financial (income) expenses, acquisition-related expenses, and amortization of intangible assets related to acquisitions, the Company’s non-GAAP results provide information to both management and investors that is useful in assessing the Company’s core operating performance and in evaluating and comparing the Company’s results of operations on a consistent basis from period to period. These non-GAAP financial measures are also used by management to evaluate financial results and to plan and forecast future periods. The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with GAAP.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use words such as “estimate,” “project,” “intend,” “expect,” “‘believe,” “may,” “might,” ” potential,” “anticipate,” “plan” or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, when the Company discusses its full-year 2025 revenue guidance and growth, its cloud and Gen AI-based solutions and their suitability for network operators needs, its investment in R&D generally and in order to enhance its leadership in 5G assurance, its leadership in AI-driven assurance solutions, its belief that ‘the best is yet to come’ and its expectation that its strategic partnerships with service management systems vendors and other industry leaders will enhance its solutions and expand market opportunities, it is using forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance, or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in demand for the Company’s products, inability to timely develop and introduce new technologies, products, and applications, loss of market share and pressure on prices resulting from competition and the effects of the war in Israel. For additional information regarding these and other risks and uncertainties associated with the Company’s business, reference is made to the Company’s reports filed from time to time with the U.S. Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.
RADCOM Ltd.
Consolidated Statements of Operations
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months ended
Twelve months ended
December 31,
December 31,
2024
2023
2024
2023
Revenues
$ 16,264
$ 14,010
$ 61,009
$ 51,600
Cost of revenues
4,137
3,435
15,746
13,773
Gross profit
12,127
10,575
45,263
37,827
Research and development, gross
4,749
4,327
18,659
19,575
Less – royalty-bearing participation
113
190
684
736
Research and development, net
4,636
4,137
17,975
18,839
Sales and marketing
4,632
3,720
17,794
14,592
General and administrative
1,549
1,297
6,407
5,058
Total operating expenses
10,817
9,154
42,176
38,489
Operating income (loss)
1,310
1,421
3,087
(662)
Financial income, net
1,080
1,248
4,115
4,557
Income before taxes on income
2,390
2,669
7,202
3,895
Taxes on income
142
77
234
182
Net income
$ 2,248
$ 2,592
$ 6,968
$ 3,713
Basic net income per
ordinary share
$ 0.14
$ 0.17
$ 0.44
$ 0.25
Diluted net income per
ordinary share
$ 0.14
$ 0.17
$ 0.43
$ 0.24
15,878,186
15,291,917
15,666,457
15,098,642
Weighted average number of
ordinary shares used in
computing basic net income per
ordinary share
Weighted average number of
16,612,554
15,446,177
16,155,150
15,297,947
ordinary shares used in
computing diluted net income per
ordinary share
RADCOM LTD.
Reconciliation of GAAP to Non-GAAP Financial Information
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months ended
Twelve months ended
December 31,
December 31,
2024
2023
2024
2023
GAAP gross profit
$ 12,127
$ 10,575
$ 45,263
$ 37,827
Stock-based compensation
91
71
381
441
Amortization of intangible assets
57
57
225
151
Non-GAAP gross profit
$ 12,275
$ 10,703
$ 45,869
$ 38,419
$ 4,636
$ 4,137
$ 17,975
$ 18,839
GAAP research and development, net
Stock-based compensation
497
424
2,047
2,690
Non-GAAP research and development, net
$ 4,139
$ 3,713
$ 15,928
$ 16,149
$ 4,632
$ 3,720
$ 17,794
$ 14,592
GAAP sales and marketing
Stock-based compensation
506
370
2,023
1,820
Amortization of intangible assets
29
29
116
77
Non-GAAP sales and marketing
$ 4,097
$ 3,321
$ 15,655
$ 12,695
$ 1,549
$ 1,297
$ 6,407
$ 5,058
GAAP general and administrative
Stock-based compensation
380
319
1,645
1,168
Acquisition related expenses
–
–
–
56
Non-GAAP general and administrative
$ 1,169
$ 978
$ 4,762
$ 3,834
$ 10,817
$ 9,154
$ 42,176
$ 38,489
GAAP total operating expenses
Stock-based compensation
1,383
1,113
5,715
5,678
Amortization of intangible assets
29
29
116
77
Acquisition related expenses
–
–
–
56
Non-GAAP total operating expenses
$ 9,405
$ 8,012
$ 36,345
$ 32,678
$ 1,310
$ 1,421
$ 3,087
$ (662)
GAAP operating income (loss)
Stock-based compensation
1,474
1,184
6,096
6,119
Amortization of intangible assets
86
86
341
228
Acquisition related expenses
–
–
–
56
Non-GAAP operating income
$ 2,870
$ 2,691
$ 9,524
$ 5,741
RADCOM LTD.
Reconciliation of GAAP to Non-GAAP Financial Information
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months ended
December 31,
Twelve months ended
December 31,
2024
2023
2024
2023
GAAP income before taxes on income
$ 2,390
$ 2,669
$ 7,202
$ 3,895
Stock-based compensation
1,474
1,184
6,096
6,119
Amortization of intangible assets
86
86
341
228
Acquisition related expenses
–
–
–
56
Financial (income) expenses
(28)
(15)
84
60
Non-GAAP income before taxes on income
$ 3,922
$ 3,924
$ 13,723
$ 10,358
GAAP net income
$ 2,248
$ 2,592
$ 6,968
$ 3,713
Stock-based compensation
1,474
1,184
6,096
6,119
Amortization of intangible assets
86
86
341
228
Acquisition related expenses
–
–
–
56
Financial (income) expenses
(28)
(15)
84
60
Non-GAAP net income
$ 3,780
$ 3,847
$ 13,489
$ 10,176
GAAP net income per diluted share
$ 0.14
$ 0.17
$ 0.43
$ 0.24
Stock-based compensation
0.09
0.08
0.38
0.43
Amortization of intangible assets
(*)
(*)
0.02
(*)
Acquisition related expenses
(*)
(*)
(*)
(*)
Financial (income) expenses
(*)
(*)
(*)
(*)
Non-GAAP net income per diluted share
$ 0.23
$ 0.25
$ 0.83
$ 0.67
Weighted average number of shares used to compute
diluted net income per share
16,612,554
15,446,177
16,155,150
15,297,947
(*) Less than $ 0.01
RADCOM Ltd.
Consolidated Balance Sheets
(thousands of U.S. dollars)
(Unaudited)
As of
As of
December 31,
2024
December 31,
2023
Current Assets
Cash and cash equivalents
$ 19,243
$ 10,892
Short-term bank deposits
75,429
71,273
Trade receivables, net
19,038
13,412
Inventories
1,667
246
Other accounts receivable and prepaid expenses
1,819
1,592
Total Current Assets
117,196
97,415
Non-Current Assets
Severance pay fund
2,985
3,142
Other long-term receivables
3,484
1,573
Property and equipment, net
879
798
Operating lease right-of-use assets
3,421
1,651
Goodwill and intangible assets, net
2,609
2,950
Total Non-Current Assets
13,378
10,114
Total Assets
$ 130,574
$ 107,529
Liabilities and Shareholders’ Equity
Current Liabilities
Trade payables
$ 2,457
$ 2,640
Deferred revenues and advances from customers
6,848
1,469
Employee and payroll accruals
7,175
5,400
Operating lease liabilities
966
1,062
Other liabilities and accrued expenses
10,463
9,540
Total Current Liabilities
27,909
20,111
Non-Current Liabilities
Accrued severance pay
3,868
3,728
Operating lease liabilities
2,438
561
Other liabilities and accrued expenses
683
638
Total Non-Current Liabilities
6,989
4,927
Total Liabilities
$ 34,898
$ 25,038
Shareholders’ Equity
Share capital
$ 769
$ 736
Additional paid-in capital
160,761
154,697
Accumulated other comprehensive loss
(2,910)
(3,030)
Accumulated deficit
(62,944)
(69,912)
Total Shareholders’ Equity
95,676
82,491
Total Liabilities and Shareholders’ Equity
$ 130,574
$ 107,529
View original content:https://www.prnewswire.com/news-releases/radcom-reports-record-breaking-year-with-highest-ever-revenues-and-accelerated-profit-growth-302374704.html
SOURCE RADCOM Ltd.
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ADX welcomes Morgan Stanley as the first international investment bank Remote Trading Member, expanding global access to Abu Dhabi’s capital markets
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May 5, 2026By
ABU DHABI, UAE, May 5, 2026 /PRNewswire/ — The Abu Dhabi Securities Exchange (ADX) Group today announced that Morgan Stanley, a leading investment bank and financial services company, has joined the ADX as its first international investment bank Remote Trading Member — enabling Morgan Stanley’s clients to access the ADX directly.
This milestone strengthens ADX’s global connectivity and supports growing international institutional demand for exposure to UAE markets. It also reinforces its position as one of the world’s fastest-growing exchanges by market capitalization, while highlighting the market’s continued progress in depth, liquidity, and inclusion in major global indices.
Remote membership enables Morgan Stanley to provide its clients with direct market access to the ADX, with trading conducted via the firm’s global trading platform. The ADX continues to play a pivotal role in advancing Abu Dhabi’s long-term economic ambitions, as a mechanism for a diversified, innovation-led, knowledge-based economy.
Morgan Stanley’s direct trading access to ADX reflects the strength of Abu Dhabi’s investment proposition and the continued institutionalization of UAE capital markets. Morgan Stanley’s membership will enhance execution quality, optimize order routing, and provide greater control across the end-to-end trade lifecycle, delivering an advanced trading experience for global investors.
The structure follows a proven international access model used by Morgan Stanley and is designed to meet growing client demand for efficient, transparent, and seamless access to ADX-listed opportunities.
Abdulla Salem Alnuaimi, Group Chief Executive Officer of Abu Dhabi Securities Exchange (ADX) Group, said: “This marks a significant step in advancing our ambition to be a leading financial marketplace that drives opportunity and sustainable economic growth. This momentum is reflected in the strong foreign investor participation, with trading value exceeding 85 billion dirhams in the first quarter of 2026 up by 22% year on year. This performance underscores the growing depth and global relevance of our market, while reinforcing our commitment to expanding international access, strengthening cross-border connectivity, and building a world-class market infrastructure that attracts global capital, supports a diverse range of issuers and contributes to Abu Dhabi’s long-term economic prosperity.”
Patrick Delivanis, Regional Co-Head of MENA at Morgan Stanley, said: “Becoming a Remote Trading Member of ADX reflects our focus on providing clients with efficient, seamless access to Abu Dhabi’s capital markets through our market–leading trading platform. We see continued momentum in the institutionalization and international participation of UAE markets, and we’re pleased to support that evolution by enabling international investors to access opportunities in MENA with direct connectivity to local markets, alongside greater transparency and control across the trading lifecycle.”
Morgan Stanley’s participation aligns with ADX’s strategy to strengthen international connectivity, with remote memberships selectively offered to global firms to attract high-quality cross-border liquidity. The announcement builds on the ADX’s expansion momentum: in 2025, foreign investment rose by nearly 14% and institutional trading increased by 10% year on year. Subject to final operational readiness, Morgan Stanley expects to begin trading as a remote member in the coming weeks.
About Abu Dhabi Securities Exchange (ADX)
The Abu Dhabi Securities Exchange (ADX) was established on 15 November 2000 pursuant to Local Law No. (3) of 2000, which granted the exchange legal rights with independent financial and administrative status, as well as the necessary supervisory and executive powers necessary to carry out its functions. On 17 March 2020, the ADX was converted from a public entity into a Public Joint Stock Company (PJSC) in accordance with Law No. (8) of 2020.
The ADX Group, a market infrastructure group comprising the exchange (ADX) and its post-trade ecosystem, including its wholly owned subsidiaries AD Depository and AD Clear, was established. Through its integrated and globally aligned business structure, the ADX Group supports efficient, transparent, and resilient capital markets across trading, clearing, settlement, and custody.
The Group provides an efficient and regulated marketplace for the trading of securities, including equities issued by public joint-stock companies, bonds issued by governments and corporations, exchange-traded funds (ETFs), and other financial instruments approved by the UAE Capital Market Authority.
The ADX is the second-largest exchange in the Arab region by market capitalization. Its strategy of delivering stable financial performance through diversified revenue streams is aligned with the UAE’s national development agenda, “Towards the Next 50”, which aims to build a sustainable, diversified, and high-value-added economy.
For more information, please contact:
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication
Abu Dhabi Securities Exchange (ADX)
Mobile: +971 (50) 668 9733
Email: ALKhateebA@adx.ae
SOURCE Abu Dhabi Securities Exchange (ADX)
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Geotab integrates Polestar vehicles into its OEM telematics network
Published
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Connected vehicle data where it matters most
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Supporting Europe’s Mixed-Fleet Reality
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“Polestar Fleet Telematics combines sustainability with intelligence, integrating seamlessly with Geotab to deliver these capabilities directly into the platforms fleet operators trust. Continuous data visibility enables more efficient and informed fleet operations, from day-to-day management to long-term planning. By leveraging Polestar vehicles’ embedded connectivity, fleet managers can make smarter, data-driven decisions — without adding hardware or complexity to their operations.” said Emma Knapp, Manager of Global Key Accounts at Polestar.
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Global Availability
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About Polestar
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About Geotab
Geotab is a global leader in connected vehicle and asset management solutions, with headquarters in Oakville, Ontario and Atlanta, Georgia. Our mission is to make the world safer, more efficient, and sustainable. We leverage advanced data analytics and AI to transform fleet performance and operations, reducing cost and driving efficiency. Backed by top data scientists and engineers, we serve approximately 100,000 global customers, processing 100 billion data points daily from more than 5 million vehicle subscriptions. Geotab is trusted by Fortune 500 organisations, mid-sized fleets, and the largest public sector fleets in the world, including the US Federal government. Committed to data security and privacy, we hold FIPS 140-3 and FedRAMP authorisations. Our open platform, ecosystem of outstanding partners, and Geotab Marketplace deliver hundreds of fleet-ready third-party solutions. This year, we’re celebrating 25 years of innovation. Learn more at www.geotab.com/uk and follow us on LinkedIn or visit our blog.
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Media Contact: Geotab Contact, Romina Dashghachian, Strategic Communications Lead, EMEA, pr@geotab.com
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IDX Opens Geneva Office and Strengthens Global Data & Insights Capability
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“This is an exciting step in IDX’s growth story and a clear response to what clients are asking for: more evidence-based thinking, stronger market context and clearer rationale behind their communications strategies,” said Chris Corrigan, Chief Customer Growth Officer, IDX. “Our new presence in Geneva, combined with deeper Data & Insights expertise, strengthens the way we support clients globally, giving them earlier access to the insight and market context they need to make better-informed decisions and turn evidence into action.”
The Geneva office will strengthen relationships with existing clients in the region, support re-engagement with former partners and create new opportunities for IDX with organisations operating across European and global markets. It reflects IDX’s continued investment in the capabilities that matter most to clients as communications, marketing and corporate reputation work become increasingly data-led and commercially accountable.
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ABOUT IDX
IDX is a global strategic communications and marketing agency, headquartered in London with offices around the world, including New York, London, Phoenix, Helsinki, Gothenburg, Geneva, and Vadodara. Working with more than 1,600 clients across sectors, IDX combines deep industry knowledge with a data-first mindset to help ambitious brands thrive in complex, fast-moving markets. The firm specialises in performance marketing, investor relations, and stakeholder engagement, delivering integrated campaigns that drive meaningful business outcomes. Visit www.idx.inc to learn more.
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View original content:https://www.prnewswire.co.uk/news-releases/idx-opens-geneva-office-and-strengthens-global-data–insights-capability-302762181.html
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