Technology
RADCOM Reports Record-Breaking Year with Highest-Ever Revenues and Accelerated Profit Growth
Published
2 years agoon
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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
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SOURCE RADCOM Ltd.
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Haloid Poll: Majority of Public Safety and Commercial Radio Administrators Would Consider Starlink Integration With LMR Two-Way Radio Networks, but Disruption Unlikely
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STONY BROOK, N.Y., Oct. 25, 2026 /PRNewswire/ — Following Starlink’s announced entry into the mobile communications space, Haloid’s consulting team polled government and business land mobile radio (LMR) administrators on whether Starlink could replace, or complement, their LMR systems. We found that most radio administrators were receptive to the nascent technology but did not see it as a replacement for their LMR networks.
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In fact, during recent cellular outages, Starlink was used to provide emergency communications to affected areas, because its satellite connectivity does not depend on cell towers. But Starlink’s integration with the 800 MHz cellular spectrum — “Starlink 2.0,” as some experts are calling it — exposes it to some of the same vulnerabilities as traditional wireless carriers.
While Starlink’s satellite service might still function if local cell towers go down, a critical portion of an agency’s communications might rely on local towers using the 800 MHz spectrum, leaving the agency vulnerable in a storm or outage.
Expect evolution, not disruption
“Just like cellular didn’t replace LMR, we don’t see Starlink as an existential risk,” said Jeremy Alicandri, President of Haloid Solutions. He expects Starlink to accelerate the industry’s evolution toward shared communications infrastructure, also known as hybrid LMR. “We have public safety customers already using Starlink in their vehicles to extend the coverage of their radios. This trend will continue as Starlink devices become more ubiquitous.”
The stock prices of Verizon, T-Mobile, and AT&T were affected by Starlink’s recent announcement. LMR stocks such as L3Harris, JVCKENWOOD, and BK Technologies, maker of the Bendix King brand, have been unaffected, as Wall Street views Starlink as unlikely to replace LMR technology for the same reasons cellular did not. “But it may be too early to predict the industry’s winners and losers,” Alicandri added. “The cellular incumbents have many advantages, including low-cost devices, existing infrastructure, and their own satellite ambitions.”
About Haloid Solutions Research
Haloid’s Starlink poll drew on respondents to its LMR brand loyalty study, which measures radio administrators’ sentiment toward the ownership and after-sales experience. Haloid’s LMR research is sponsored by investors in the mission-critical communications space.
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Newborn Town and Viggle Launch AI-Powered 3D Interactive Game, Bringing World Models to Social Gaming
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Developed by TopTop and powered by Viggle’s self-developed Joint Space-Time (JST) world model, “Slap Showdown” lets users turn uploaded photos into customized 3D characters and take them straight into the game.
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From Better Gameplay to a Richer Ecosystem: How World Models Could Redefine Social Gaming on TopTop
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According to TopTop’s operations team, “Slap Showdown” has attracted a growing base of highly engaged, high-spending-potential players in its first month since launch. The game has recorded a 97% match completion rate, while its game-start rate has also exceeded the platform-wide average.
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“Slap Showdown” marks a successful step in TopTop’s efforts to deepen its application of AI technology, as well as a starting point for using world models to enhance gaming and social experiences. TopTop’s operations team said future game releases could make greater use of AI-powered 3D generation, extending beyond avatars to include customized environments. Existing games could also be revitalized by the introduction of new gameplay features, potentially driving stronger retention and user acquisition.
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Charting a New Milestone with Outstanding Achievements
HONG KONG, Oct. 26, 2026 /PRNewswire/ — The Hong Kong International Communications Electronic Chamber (HKICEC) made a landmark debut at the Global Sources Mobile Electronics Show, held from October 18-21, 2026, with the inaugural launch of the HKICEC Global Mobile Exchange Pavilion. Spanning 600 square meters, the pavilion brought together nearly 60 industry leaders from mainland China, Hong Kong, India, Japan, the UAE, the US and the UK. As the largest themed pavilion in the mobile electronics sector and a premier highlight of the exhibition, this event marks a new developmental milestone for HKICEC. The pavilion underscores the chamber’s dedication to bridging global markets and serving the communications and electronics industry, injecting vital new momentum into the synergy between Hong Kong’s technology sector and international trade.
The grand opening ceremony on October 18 marked the official launch of the first B2B pavilion in Hong Kong and Asia dedicated exclusively to mobile communications equipment. The milestone event was officiated by a distinguished lineup of devices global business, including Dr. the Hon. Starry Lee Wai King, GBS, JP, Member of the Standing Committee of the National People’s Congress and President of the Legislative Council; Mr. Zhu Xiaodong, Director of the Kowloon Affairs Department of the Liaison Office of the Central People’s Government in the HKSAR; Dr. the Hon. Horace Cheung Kwok Kwan SBS JP, Deputy Secretary for Justice, HKSAR; Mr. Liu Maozhou, Level 1 Bureau Rank Official, the Economic and Financial Department II, Liaison Office of the Central People’s Government in the HKSAR; Mr. Ho Lap Ki, Denny, JP, District Officer (Kwun Tong), Home Affairs Department; Mr James Liu, CEO of Global Sources; and Mr. Jacky Tse, Chairman of HKICEC, alongside HKICEC Management team. Together, they witnessed the official launch of the first B2B pavilion in Hong Kong and Asia dedicated to mobile communications equipment. The ceremony drew over a hundred political and business leaders, industry representatives, international exhibitors, and major media outlets, reflecting the event’s importance and the industry’s green trading development. Following the inauguration, officials toured the pavilion for high-level discussions with global exhibitors, signaling robust institutional backing for the industry and HKICEC’s strategic expansion.
During the four-day exhibition, the pavilion experienced a continuous flow of visitors. Communications and electronics suppliers and global buyers from overseas visited specifically for business matchmaking and negotiations, unlocking numerous commercial opportunities. Notably, the pavilion also featured a retrospective exhibit of 16 classic mobile phones, tracing the industry’s evolution from early ‘brick’ devices to Mainland China’s first official Apple release, the iPhone 3GS. The historical display proved to be a standout attraction, gathering large crowds throughout the event.
Beyond the exhibition floor, the chamber partnered with Global Sources to co-host an international forum on October 19. Under the theme ” From New Devices to New Life: Building a Global Mobile Device Lifecycle Ecosystem”, the event gathered experts from ecoATM, PCS Wireless, Cenwood, Our Hong Kong Foundation, and the Global Mobile Association. They engaged in profound discussions on cutting-edge topics including the global economic landscape, inventory management, ESG development, the circular ecology of new and used devices, and AI technology. Attended by over 200 international representatives, the forum successfully catalyzed cross-border collaboration and established a new standard for sustainability discourse in the global mobile industry.
As a capstone to the comprehensive four-day events, HKICEC convened over 500 industry leaders, VIPs, and exhibitors for a high-profile networking banquet designed to accelerate cross-border business alliances. The gathering provided a premier platform for delegates to solidify collaborative ties and exchange strategic insights initiated from the pavilion. Ahead of the exhibition’s conclusion, a special ” Pearl Of The Orient • Victoria Harbour Cruise Party” was organized to showcase Hong Kong’s unique charm as a cosmopolitan city to global guests, providing a memorable networking experience against Hong Kong’s iconic skyline to formally cap off the week’s successes.
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SOURCE The Hong Kong International Communications Electronic Chamber (HKICEC)
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