{"id":9032,"date":"2024-01-31T12:06:46","date_gmt":"2024-01-31T12:06:46","guid":{"rendered":"https:\/\/radcom.com\/?post_type=latest-news&p=9032"},"modified":"2024-08-28T10:06:14","modified_gmt":"2024-08-28T10:06:14","slug":"radcom-delivers-strong-fourth-quarter-and-record-full-year-2023-results-with-revenue-growth-and-accelerated-profitability","status":"publish","type":"latest-news","link":"https:\/\/radcom.com\/ja\/latest-news\/radcom-delivers-strong-fourth-quarter-and-record-full-year-2023-results-with-revenue-growth-and-accelerated-profitability\/","title":{"rendered":"RADCOM Delivers Strong Fourth Quarter and Record Full Year 2023 Results with Revenue Growth and Accelerated Profitability"},"content":{"rendered":"\n
Fourth quarter revenue of $14.0 million, 14% year-over-year growth, and full-year revenue of $51.6 million, 12% year-over-year growth.<\/em><\/p>\n\n\n\n Record fourth quarter of $3.8 million non-GAAP net income and $10.2 million non-GAAP full year net income<\/em><\/p>\n\n\n\n TEL AVIV, Israel \u2013 January 31, 2024 \u2212 RADCOM Ltd. (Nasdaq: RDCM)<\/strong> announced financial results for the full year, and the fourth quarter ended December 31, 2023.<\/p>\n\n\n\n Fourth Quarter 2023 Financial Highlights:<\/strong><\/p>\n\n\n\n Full Year 2023 Financial Highlights:<\/strong><\/p>\n\n\n\n Management Comments:<\/strong><\/p>\n\n\n\n Eyal Harari, RADCOM\u2019s Chief Executive Officer, commented on the results: “2023 was an exceptional, record year for RADCOM, continuing the last four years of growth momentum. We achieved a fourth consecutive year of growth with record revenue of $51.6 million, representing 12% growth year-over-year.<\/p>\n\n\n\n \u201cWe crossed the $50 million annual revenue threshold and scaled up to a mid-size software company for the first time. At the same time, we continued our path to sustained profitability, achieving a record net income for 2023 of $10.2 million on a non-GAAP basis, while our positive cash flow also reached a milestone totaling $82.2 million, with no debt.<\/p>\n\n\n\n “Recently, we proudly announced our position as one of the first assurance vendors to harness the power of GenAI for real-time and efficient management of 5G networks. Our market-leading solutions thoughtfully align with operators’ needs, providing a unique technology to address critical network challenges. This underscores the significance of our industry-leading solutions in the rapidly expanding 5G market. We are confident that our offerings will drive sustained growth.<\/p>\n\n\n\n Mr. Harari concluded, \u201cOur record results and positive momentum demonstrate the value of our advanced technology and the strength of our business model. Looking at 2024, thanks to our strong execution and current visibility, we are confident in delivering a fifth consecutive year of revenue growth and increasing our profitability. Our full-year 2024 revenue guidance is $56 – $60 million.\u201d<\/p>\n\n\n\n Earnings Conference Call<\/strong> From the US (toll-free): +1-866-652-8972 or +1-888-281-1167<\/p>\n\n\n\n From other locations: +972-3-918-0644<\/p>\n\n\n\n For those unable to listen, a conference call replay will be available a few hours later in the investor relations section on the Company\u2019s website at\u00a0https:\/\/radcom.com\/investor-relations\/<\/a>.<\/p>\n\n\n\n ###<\/p>\n\n\n\n For all investor inquiries, please contact: Investor Relations:\n
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RADCOM’s management will hold an interactive conference call today at 8:00 am Eastern Time (3:00 pm Israel Standard Time) to discuss the results and answer participants’ questions. To join the call, please call one of the following numbers approximately five minutes before the call is scheduled to begin:<\/p>\n\n\n\n
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<\/strong>Miri Segal
MS-IR LLC
917-607-8654
msegal@ms-ir.com<\/p>\n\n\n\n