{"id":1658,"date":"2018-08-07T14:00:53","date_gmt":"2018-08-07T14:00:53","guid":{"rendered":"https:\/\/radcom.com\/?post_type=latest-news&#038;p=1658"},"modified":"2021-01-26T19:52:32","modified_gmt":"2021-01-26T19:52:32","slug":"radcom-reports-second-quarter-2018-financial-results","status":"publish","type":"latest-news","link":"https:\/\/radcom.com\/latest-news\/radcom-reports-second-quarter-2018-financial-results\/","title":{"rendered":"RADCOM Reports Second Quarter 2018 Financial Results"},"content":{"rendered":"\n<p><em>Q2 Revenues up 19% Year-Over-Year to $10.6 million<\/em><\/p>\n\n\n\n<p><em>Cash, cash equivalents and short-term bank deposit of $71.4 million and No Debt&nbsp;<\/em><\/p>\n\n\n\n<p><strong>TEL AVIV, Israel, Aug. 7, 2018 &#8211; RADCOM Ltd. (NASDAQ: RDCM), today reported its financial results for the second quarter ended June 30, 2018.<\/strong><\/p>\n\n\n\n<p>&#8220;Our solid second quarter results highlight the strength of our continued focus on top-tier network transformations and the ongoing demand for our NFV solutions as operators prepare their 5G-ready clouds,&#8221; commented Mr. Yaron Ravkaie, RADCOM&#8217;s CEO. &#8220;The Company is focused on supporting top-tier carriers as they accelerate their network virtualization transformations to prepare for 5G rollouts. Based on our current outlook, we are reiterating our 2018 revenue guidance of $43-$47 million.&#8221;<\/p>\n\n\n\n<p><strong>Second Quarter 2018 Financial Highlights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Revenues:&nbsp;<\/strong>Total revenues for the second quarter were $10.6 million, up 19% compared to $8.9 million in the second quarter of 2017<\/li><li><strong>Net Income\/(Loss):&nbsp;<\/strong>GAAP net income for the period was $0.8 million, or $0.05 per diluted share, compared to GAAP net loss of $(0.2) million, or a loss of $(0.02) per diluted share for the second quarter of 2017<\/li><li><strong>Non-GAAP Net Income:<\/strong>&nbsp;Non-GAAP net income for the period was $1.4 million, or $0.10 per diluted share, compared to non-GAAP net income of $0.4 million, or $0.03 per diluted share for the second quarter of 2017<\/li><li>GAAP and non-GAAP results for the second quarter of 2018 included $754,000, or $0.05 per diluted share, related to grants from the Israel Innovation Authority, compared to $312,000, or $0.03 per diluted share, in the second quarter of 2017<\/li><li><strong>Balance sheet:&nbsp;<\/strong>As of June 30, 2018, the Company had cash, cash equivalents and short-term bank deposit of $71.4 million and no debt<\/li><\/ul>\n\n\n\n<p>Earnings Conference Call<\/p>\n\n\n\n<p>RADCOM&#8217;s management will hold an interactive conference call today at 8:00 AM Eastern Time (15:00 Israel Time) to discuss the results and to answer participants&#8217; 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<p>From the US (toll-free): + 1-866-229-7198<\/p>\n\n\n\n<p>From other locations: +972-3-918-0687<\/p>\n\n\n\n<p>For those unable to listen to the call at the time, a replay will be available from August 8, 2018, on RADCOM&#8217;s website.<\/p>\n\n\n\n<p><strong>About RADCOM<\/strong><\/p>\n\n\n\n<p>RADCOM (NASDAQ: RDCM) is the leading expert in cloud-native Network Intelligence for telecom operators transitioning to SDN\/NFV. Providing a critical first step in an operator&#8217;s NFV transformation, RADCOM&#8217;s Network Intelligence delivers end-to-end network visibility from virtual tapping point to network insights. Comprised of RADCOM Service Assurance, RADCOM Network Visibility and RADCOM Network Insights, RADCOM&#8217;s Network Intelligence portfolio provides operators with complete visibility across their virtual and hybrid networks. RADCOM Network Intelligence is automated, cost-efficient, and provides on-demand functionality that is specifically designed for the needs of telecom operators. RADCOM specializes in assuring next-generation, high capacity networks, including LTE, Advanced-LTE, 5G, IMS, SDN\/NFV and others. 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.<\/p>\n\n\n\n<p><strong>Non-GAAP Information<\/strong><\/p>\n\n\n\n<p>Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the reader&#8217;s overall understanding of the Company&#8217;s financial performance. By excluding non-cash stock-based compensation that has been expensed in accordance with ASC Topic 718, the Company&#8217;s non-GAAP results provide information to both management and investors that is useful in assessing the Company&#8217;s core operating performance and in evaluating and comparing the Company&#8217;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.<\/p>\n\n\n\n<p><strong>Risks Regarding Forward-Looking Statements<\/strong><\/p>\n\n\n\n<p>Certain statements made herein that use words such as &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;expect,&#8221; &#8220;&#8216;believe&#8221;, &#8220;may&#8221;, &#8220;might&#8221;, &#8220;predict&#8221;, &#8220;potential&#8221;, &#8220;anticipate&#8221;, &#8220;plan&#8221; 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 revenue guidance for 2018, and expected demand for the Company&#8217;s NFV solutions, the trend of preparing for 5G-ready cloud and the future success of the Company&#8217;s approach and its differentiation from competitors and the Company&#8217;s pipeline, 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 the demand for the Company&#8217;s products, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company&#8217;s business, reference is made to the Company&#8217;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.<\/p>\n\n\n\n<p><strong>RADCOM Ltd.<br>Consolidated Statement of Operations<\/strong><br>(thousands of U.S. dollars, except share and per share data<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;<\/td><td><strong>Three months ended&nbsp;<\/strong><strong>June 30,<\/strong>&nbsp;&nbsp;<\/td><td>&nbsp;<\/td><td><strong>&nbsp; &nbsp; &nbsp; &nbsp;Six months ended June 30,<\/strong>&nbsp;&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>2018<\/strong><\/td><td>&nbsp;<\/td><td><strong>2017<\/strong><\/td><td>&nbsp;<\/td><td><strong>2018<\/strong><\/td><td>&nbsp;<\/td><td><strong>2017<\/strong><\/td><\/tr><tr><td>&nbsp;<\/td><td>(unaudited)<\/td><td>&nbsp;<\/td><td>(unaudited)<\/td><td>&nbsp;<\/td><td>(unaudited)<\/td><td>&nbsp;<\/td><td>(unaudited)<\/td><\/tr><tr><td>Revenues<\/td><td>$10,639<\/td><td>&nbsp;<\/td><td>$8,917<\/td><td>&nbsp;<\/td><td>$21,542<\/td><td>&nbsp;<\/td><td>$16,957<\/td><\/tr><tr><td>Cost of revenues<\/td><td>2,877<\/td><td>&nbsp;<\/td><td>2,643<\/td><td>&nbsp;<\/td><td>5,767<\/td><td>&nbsp;<\/td><td>4,665<\/td><\/tr><tr><td>Gross profit<\/td><td>7,762<\/td><td>&nbsp;<\/td><td>6,274<\/td><td>&nbsp;<\/td><td>15,775<\/td><td>&nbsp;<\/td><td>12,292<\/td><\/tr><tr><td>Research and development, gross<\/td><td>3,752<\/td><td>&nbsp;<\/td><td>2,739<\/td><td>&nbsp;<\/td><td>7,496<\/td><td>&nbsp;<\/td><td>5,227<\/td><\/tr><tr><td>Less &#8211; royalty-bearing participation<\/td><td>754<\/td><td>&nbsp;<\/td><td>312<\/td><td>&nbsp;<\/td><td>754<\/td><td>&nbsp;<\/td><td>312<\/td><\/tr><tr><td>Research and development, net<\/td><td>2,998<\/td><td>&nbsp;<\/td><td>2,427<\/td><td>&nbsp;<\/td><td>6,742<\/td><td>&nbsp;<\/td><td>4,915<\/td><\/tr><tr><td>Sales and marketing, net<\/td><td>3,084<\/td><td>&nbsp;<\/td><td>2,989<\/td><td>&nbsp;<\/td><td>6,324<\/td><td>&nbsp;<\/td><td>5,886<\/td><\/tr><tr><td>General and administrative<\/td><td>992<\/td><td>&nbsp;<\/td><td>1,098<\/td><td>&nbsp;<\/td><td>1,990<\/td><td>&nbsp;<\/td><td>2,158<\/td><\/tr><tr><td>Total operating expenses<\/td><td>7,074<\/td><td>&nbsp;<\/td><td>6,514<\/td><td>&nbsp;<\/td><td>15,056<\/td><td>&nbsp;<\/td><td>12,959<\/td><\/tr><tr><td>Operating income (loss)<\/td><td>688<\/td><td>&nbsp;<\/td><td>(240)<\/td><td>&nbsp;<\/td><td>719<\/td><td>&nbsp;<\/td><td>(667)<\/td><\/tr><tr><td>Financial income, net<\/td><td>71<\/td><td>&nbsp;<\/td><td>41<\/td><td>&nbsp;<\/td><td>373<\/td><td>&nbsp;<\/td><td>150<\/td><\/tr><tr><td>Income (loss) before taxes on income<\/td><td>759<\/td><td>&nbsp;<\/td><td>(199)<\/td><td>&nbsp;<\/td><td>1,092<\/td><td>&nbsp;<\/td><td>(517)<\/td><\/tr><tr><td>Taxes on income<\/td><td>(2)<\/td><td>&nbsp;<\/td><td>(5)<\/td><td>&nbsp;<\/td><td>(13)<\/td><td>&nbsp;<\/td><td>(23)<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Net income (loss)<\/td><td>$757<\/td><td>&nbsp;<\/td><td>$(204)<\/td><td>&nbsp;<\/td><td>$1,079<\/td><td>&nbsp;<\/td><td>$(540)<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Basic net income (loss) per ordinary share<\/td><td>$0.06<\/td><td>&nbsp;<\/td><td>$(0.02)<\/td><td>&nbsp;<\/td><td>$0.08<\/td><td>&nbsp;<\/td><td>$(0.05)<\/td><\/tr><tr><td>Diluted net income (loss) per ordinary share<\/td><td>$0.05<\/td><td>&nbsp;<\/td><td>$(0.02)<\/td><td>&nbsp;<\/td><td>$0.08<\/td><td>&nbsp;<\/td><td>$(0.05)<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>Weighted average number of&nbsp;ordinary shares used in computing basic<br>net income (loss) per ordinary share<\/td><td>13,600,323<\/td><td>&nbsp;<\/td><td>11,695,750<\/td><td>&nbsp;<\/td><td>13,549,494<\/td><td>&nbsp;<\/td><td>11,673,240<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>Weighted average number of&nbsp;ordinary<br>shares used in computing diluted net<br>income (loss) per ordinary share<\/td><td>13,849,488<\/td><td>&nbsp;<\/td><td>11,695,750<\/td><td>&nbsp;<\/td><td>13,817,995<\/td><td>&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>RADCOM LTD.<br>Reconciliation of GAAP to Non-GAAP Financial Information<br>Unaudited<\/strong><br>(thousands of U.S. dollars, except share and per share data)<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>T<\/strong><strong>h<\/strong><strong>r<\/strong><strong>e<\/strong><strong>e months ended June 30,<\/strong><\/td><td>&nbsp;<\/td><td><strong>&nbsp; &nbsp;Six<\/strong>&nbsp;<strong>m<\/strong><strong>on<\/strong><strong>t<\/strong><strong>h<\/strong><strong>s ended June 30,<\/strong><\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>2018<\/strong><\/td><td>&nbsp;<\/td><td><strong>2017<\/strong><\/td><td>&nbsp;<\/td><td><strong>2018<\/strong><\/td><td>&nbsp;<\/td><td><strong>2017<\/strong><\/td><\/tr><tr><td>GAAP gross profit&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<\/td><td>7,762<\/td><td>&nbsp;<\/td><td>6,274<\/td><td>&nbsp;<\/td><td>15,775<\/td><td>&nbsp;<\/td><td>12,292<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>37<\/td><td>&nbsp;<\/td><td>20<\/td><td>&nbsp;<\/td><td>77<\/td><td>&nbsp;<\/td><td>67<\/td><\/tr><tr><td>Non-GAAP gross profit<\/td><td>7,799<\/td><td>&nbsp;<\/td><td>6,294<\/td><td>&nbsp;<\/td><td>15,852<\/td><td>&nbsp;<\/td><td>12,359<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>GAAP research and development, net<\/td><td>2,998<\/td><td>&nbsp;<\/td><td>2,427<\/td><td>&nbsp;<\/td><td>6,742<\/td><td>&nbsp;<\/td><td>4,915<\/td><\/tr><tr><td>Stock-based compensation&nbsp;<\/td><td>203<\/td><td>&nbsp;<\/td><td>133<\/td><td>&nbsp;<\/td><td>411<\/td><td>&nbsp;<\/td><td>242<\/td><\/tr><tr><td>Non-GAAP research and development, net<\/td><td>2,795<\/td><td>&nbsp;<\/td><td>2,294<\/td><td>&nbsp;<\/td><td>6,331<\/td><td>&nbsp;<\/td><td>4,673<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>GAAP sales and marketing, net<\/td><td>3,084<\/td><td>&nbsp;<\/td><td>2,989<\/td><td>&nbsp;<\/td><td>6,324<\/td><td>&nbsp;<\/td><td>5,886<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>233<\/td><td>&nbsp;<\/td><td>144<\/td><td>&nbsp;<\/td><td>462<\/td><td>&nbsp;<\/td><td>272<\/td><\/tr><tr><td>Non-GAAP sales and marketing, net<\/td><td>2,851<\/td><td>&nbsp;<\/td><td>2,845<\/td><td>&nbsp;<\/td><td>5,862<\/td><td>&nbsp;<\/td><td>5,614<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>GAAP general and administrative<\/td><td>992<\/td><td>&nbsp;<\/td><td>1,098<\/td><td>&nbsp;<\/td><td>1,990<\/td><td>&nbsp;<\/td><td>2,158<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>193<\/td><td>&nbsp;<\/td><td>323<\/td><td>&nbsp;<\/td><td>392<\/td><td>&nbsp;<\/td><td>659<\/td><\/tr><tr><td>Non-GAAP general and administrative<\/td><td>799<\/td><td>&nbsp;<\/td><td>775<\/td><td>&nbsp;<\/td><td>1,598<\/td><td>&nbsp;<\/td><td>1,499<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>GAAP total operating expenses<\/td><td>7,074<\/td><td>&nbsp;<\/td><td>6,514<\/td><td>&nbsp;<\/td><td>15,056<\/td><td>&nbsp;<\/td><td>12,959<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>629<\/td><td>&nbsp;<\/td><td>600<\/td><td>&nbsp;<\/td><td>1,265<\/td><td>&nbsp;<\/td><td>1,173<\/td><\/tr><tr><td>Non-GAAP total operating expenses<\/td><td>6,445<\/td><td>&nbsp;<\/td><td>5,914<\/td><td>&nbsp;<\/td><td>13,791<\/td><td>&nbsp;<\/td><td>11,786<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>GAAP operating income (loss)<\/td><td>688<\/td><td>&nbsp;<\/td><td>(240)<\/td><td>&nbsp;<\/td><td>719<\/td><td>&nbsp;<\/td><td>(667)<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>666<\/td><td>&nbsp;<\/td><td>620<\/td><td>&nbsp;<\/td><td>1,342<\/td><td>&nbsp;<\/td><td>1,240<\/td><\/tr><tr><td>Non-GAAP operating income<\/td><td>1,354<\/td><td>&nbsp;<\/td><td>380<\/td><td>&nbsp;<\/td><td>2,061<\/td><td>&nbsp;<\/td><td>573<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>GAAP income (loss) before taxes on income<\/td><td>759<\/td><td>&nbsp;<\/td><td>(199)<\/td><td>&nbsp;<\/td><td>1,092<\/td><td>&nbsp;<\/td><td>(517)<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>666<\/td><td>&nbsp;<\/td><td>620<\/td><td>&nbsp;<\/td><td>1,342<\/td><td>&nbsp;<\/td><td>1,240<\/td><\/tr><tr><td>Non-GAAP income before taxes on income<\/td><td>1,425<\/td><td>&nbsp;<\/td><td>421<\/td><td>&nbsp;<\/td><td>2,434<\/td><td>&nbsp;<\/td><td>723<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>GAAP net income (loss)<\/td><td>757<\/td><td>&nbsp;<\/td><td>(204)<\/td><td>&nbsp;<\/td><td>1,079<\/td><td>&nbsp;<\/td><td>(540)<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>666<\/td><td>&nbsp;<\/td><td>620<\/td><td>&nbsp;<\/td><td>1,342<\/td><td>&nbsp;<\/td><td>1,240<\/td><\/tr><tr><td>Non-GAAP net income<\/td><td>1,423<\/td><td>&nbsp;<\/td><td>416<\/td><td>&nbsp;<\/td><td>2,421<\/td><td>&nbsp;<\/td><td>700<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>GAAP net income (loss) per diluted share<\/td><td>0.05<\/td><td>&nbsp;<\/td><td>(0.02)<\/td><td>&nbsp;<\/td><td>0.08<\/td><td>&nbsp;<\/td><td>(0.05)<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>0.05<\/td><td>&nbsp;<\/td><td>0.05<\/td><td>&nbsp;<\/td><td>0.10<\/td><td>&nbsp;<\/td><td>0.11<\/td><\/tr><tr><td>Non-GAAP net income per diluted share&nbsp;<\/td><td>0.10<\/td><td>&nbsp;<\/td><td>0.03<\/td><td>&nbsp;<\/td><td>0.18<\/td><td>&nbsp;<\/td><td>0.06<\/td><\/tr><tr><td>&nbsp;<\/td><\/tr><tr><td>Weighted average number of shares used to compute diluted net income per share&nbsp;<\/td><td>13,849,488<\/td><td>&nbsp;<\/td><td>12,032,429<\/td><td>&nbsp;<\/td><td>13,817,995<\/td><td>&nbsp;<\/td><td>11,992,539<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>RADCOM Ltd.<br>Consolidated Balance Sheets<\/strong><br>(thousands of U.S. dollars)&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;<\/td><td>&nbsp;<strong>As of June 30, 2018<\/strong>(unaudited)<\/td><td>&nbsp;<\/td><td><strong>&nbsp; &nbsp; &nbsp;As of December 31, 3017<\/strong><\/td><\/tr><tr><td><strong>Current Assets<\/strong><\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Cash and cash equivalents<\/td><td>$31,438<\/td><td>&nbsp;<\/td><td>$22,575<\/td><\/tr><tr><td>Restricted bank deposit&nbsp;<\/td><td>&#8211;<\/td><td>&nbsp;<\/td><td>36<\/td><\/tr><tr><td>Short-term bank deposit<\/td><td>40,000<\/td><td>&nbsp;<\/td><td>40,000<\/td><\/tr><tr><td>Trade receivables, net<\/td><td>14,393<\/td><td>&nbsp;<\/td><td>20,266<\/td><\/tr><tr><td>Inventories&nbsp;<\/td><td>119<\/td><td>&nbsp;<\/td><td>1,199<\/td><\/tr><tr><td>Other receivables<\/td><td>2,635<\/td><td>&nbsp;<\/td><td>2,685<\/td><\/tr><tr><td>Total Current Assets<\/td><td>88,585<\/td><td>&nbsp;<\/td><\/tr><tr><td>86,761<\/td><\/tr><tr><td><strong>Severance pay fund<\/strong><\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>3,009<\/td><td>3,052<\/td><\/tr><tr><td><strong>Other long-term receivables<\/strong><\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>312<\/td><td>172<\/td><\/tr><tr><td><strong>Property and equipment, net<\/strong><\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>1,917<\/td><td>1,924<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td><strong>Total Assets<\/strong><\/td><td>$93,823<\/td><td>&nbsp;<\/td><td>$91,909<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td><strong>Liabilities and Shareholders&#8217; Equity<\/strong><\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td><strong>Current Liabilities&nbsp;<\/strong><\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Trade payables&nbsp;<\/td><td>$1,879<\/td><td>&nbsp;<\/td><td>$1,828<\/td><\/tr><tr><td>Deferred revenues&nbsp;<\/td><td>1,021<\/td><td>&nbsp;<\/td><td>2,601<\/td><\/tr><tr><td>Employee and payroll accruals&nbsp;<\/td><td>4,052<\/td><td>&nbsp;<\/td><td>4,062<\/td><\/tr><tr><td>Other payables and accrued expenses&nbsp;<\/td><td>2,275<\/td><td>&nbsp;<\/td><td>3,428<\/td><\/tr><tr><td>&nbsp;<\/td><td>9,227<\/td><td>&nbsp;<\/td><td>11,919<\/td><\/tr><tr><td>Total Current Liabilities<\/td><\/tr><tr><td><strong>Long-Term Liabilities&nbsp;<\/strong><\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Deferred revenues<\/td><td>100<\/td><td>&nbsp;<\/td><td>21<\/td><\/tr><tr><td>Accrued severance pay&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/td><td>3,513<\/td><td>&nbsp;<\/td><td>3,573<\/td><\/tr><tr><td>&nbsp;<\/td><td>3,613<\/td><td>&nbsp;<\/td><td>3,594<\/td><\/tr><tr><td>Total Long-Term Liabilities<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td><strong>Total Liabilities<\/strong><\/td><td>$12,840<\/td><td>&nbsp;<\/td><td>$15,513<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td><strong>Shareholders&#8217; Equity&nbsp;<\/strong><\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Share capital&nbsp;<\/td><td>$640<\/td><td>&nbsp;<\/td><td>$628<\/td><\/tr><tr><td>Additional paid-in capital&nbsp;<\/td><td>134,734<\/td><td>&nbsp;<\/td><td>131,491<\/td><\/tr><tr><td>Accumulated other comprehensive loss<\/td><td>(2,604)<\/td><td>&nbsp;<\/td><td>(2,520)<\/td><\/tr><tr><td>Accumulated deficit&nbsp;<\/td><td>(51,787)<\/td><td>&nbsp;<\/td><td>(53,203)<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td><strong>Total Shareholders&#8217; Equity<\/strong><\/td><td>80,983<\/td><td>&nbsp;<\/td><td>76,396<\/td><\/tr><tr><td>&nbsp;<\/td><td>$93,823<\/td><td>&nbsp;<\/td><td>$91,909<\/td><\/tr><tr><td><strong>Total Liabilities and Shareholders&#8217; Equity<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>For all investor enquiries, please contact:<br>Ran Vered&nbsp;<br>CFO<br>+972-77-774-5011 &nbsp;<br>ranv@radcom.com &nbsp; &nbsp;<\/p>\n\n\n\n<p><br>For all media enquiries, please contact:&nbsp;<br>Mark Rolston&nbsp;<br>Marketing Manager &nbsp;<br>+972-77-774-5036 &nbsp;<br>markr@radcom.com &nbsp; &nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","go-to-home-category":[],"latest-news-categories":[34],"class_list":["post-1658","latest-news","type-latest-news","status-publish","hentry","latest-news-categories-financial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RADCOM Reports Second Quarter 2018 Financial Results | RADCOM<\/title>\n<meta name=\"description\" content=\"Latest News from RADCOM : RADCOM Reports Second Quarter 2018 Financial Results\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/radcom.com\/latest-news\/radcom-reports-second-quarter-2018-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RADCOM Reports Second Quarter 2018 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