Slide 1: Q2-22 Conference Call
Q2-22 CONFERENCE CALL AUGUST 11, 2022
Slide 2: Agenda
AGENDA Introduction and safe harbor CEO – Eyal Harari, Chief Executive Officer CFO – Hadar Rahav, Chief Financial Officer Q&A
Slide 3: Safe Harbor Provision
SAFE HARBOR PROVISION Forward-looking statements in the conference call involve several risks and uncertainties, including, but not limited, to the Company's statements about its full-year 2022 revenue guidance, expected growth in 2023, expectations regarding the enterprise market for telecom operat
Slide 4: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES In this conference call, management will be referring to certain non-GAAP financial measures, which are provided to enhance the user's overall understanding of the Company’s financial performance. By excluding certain non-cash stock-based compensation expenses, non-GAAP r
Slide 5: Q2-22 Overview
Q2-22 OVERVIEW Second-quarter revenues of $11.1 million, 14% quarterly revenue growth year-over-year. Manage cost carefully and maintaining the same level of Non-GAAP operating expenses ($7.9M compared to $8M in the second quarter of 2021). Non-GAAP net income was $0.02 million compared to a l
Slide 6: Second Quarter 2022 Financial Results
SECOND QUARTER 2022 FINANCIAL RESULTS
Slide 7: Consolidated Statements of Operations (GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (GAAP) (in thousands of U.S. dollars, except per share data) UNAUDITED Three months ended Six months ended June 30, June 30, 2022 2021 2022 2021 Unaudited Audited Unaudited Audited Revenues $ 11,127 $ 9,756 $ 21,751 $ 18,896 Cost of revenues $ 3,178 $ 2,466 $ 6,
Slide 8: Consolidated Statements of Operations (Non-GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (NON-GAAP) (thousands of U.S. dollars, except per share data) UNAUDITED Three months ended Six months ended June 30, June 30, 2022 2021 2022 2021 NON-GAAP (1) Revenues $ 11,127 $ 9,756 $ 21,751 $ 18,896 Cost of revenues $ 3,079 $ 2,428 $ 5,824 $ 4,751 Gross prof
Slide 9: Operating Expenses (GAAP)
OPERATING EXPENSES (GAAP) (thousands of U.S. dollars) UNAUDITED Three months ended Six months ended June 30, June 30, 2022 2021 2022 2021 Research and development, gross $ 5,349 $ 5,226 $ 10,908 $ 10,330 Less - royalty-bearing participation $ 197 $ 70 $ 415 $ 138 Research and development, net $ 5,15
Slide 10: Operating Expenses (Non-GAAP)
OPERATING EXPENSES (NON-GAAP) (thousands of U.S. dollars) UNAUDITED Three months ended Six months ended June 30, June 30, 2022 2021 2022 2021 NON-GAAP (1) Research and development, gross $ 4,706 $ 4,902 $ 9,654 $ 9,737 Less - royalty-bearing participation $ 197 $ 70 $ 415 $ 138 Research and developm
Slide 11: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (thousands of U.S. dollars) As of As of December 31, June 30, 2022 2021 Unaudited Audited Cash and cash equivalents $ 15,753 $ 11,948 Short-term bank deposits $ 57,306 $ 58,621 Trade receivables, net $ 8,392 $ 10,031 Inventories $ 524 $ 931 Other accounts receivable and p
Slide 12: Current Assets vs. Current Liabilities ($M)
CURRENT ASSETS VS. CURRENT LIABILITIES ($M) 12
Slide 13: Thank You
THANK YOU All rights reserved. This presentation contains proprietary information of RADCOM Ltd. Without the express prior written permission of RADCOM Ltd., no part of the contents hereof may be used for any other purpose, disclosed to persons or firms outside the recipient company, or reproduced b