Slide 1: Q4-21 Conference Call
Q4-21 CONFERENCE CALL February 24, 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 the 5G market and industry trends and expected increase in standalone 5G launches, the role the Company is expected to play i
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: Q4-21 Overview
Q4-21 OVERVIEW § Revenues for the fourth quarter of 2021 were $11.2 million § Cash and cash equivalents and short-term bank deposits of $70.6 million and no debt § 2022 revenue guidance range of $42-$45 million 24 February, 2022 5
Slide 6: Fourth Quarter 2021 Financial Results
Fourth QUARTER 2021 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 Twelve months ended December 31, December 31, 2021 2020 2021 2020 Unaudited Unaudited Unaudited Audited Revenues $ 11,158 $ 10,246 $ 40,282 $ 37,562 Cost of revenues $ 3,43
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 Twelve months ended December 31, December 31, 2021 2020 2021 2020 Unaudited Unaudited Unaudited Audited NON-GAAP (1) Revenues $ 11,158 $ 10,246 $ 40,282 $ 37,562 Cost of r
Slide 9: Operating Expenses (GAAP)
OPERATING EXPENSES (GAAP) (thousands of U.S. dollars) UNAUDITED Three months ended Twelve months ended December 31, December 31, 2021 2020 2021 2020 Unaudited Unaudited Unaudited Audited Research and development, gross $ 5,226 $ 4,815 $ 20,347 $ 19,199 Less - royalty-bearing participation $ 194 $ 30
Slide 10: Operating Expenses (Non-GAAP)
OPERATING EXPENSES (NON-GAAP) (thousands of U.S. dollars) UNAUDITED Three months ended Twelve months ended December 31, December 31, 2021 2020 2021 2020 Unaudited Unaudited Unaudited Audited NON-GAAP (1) Research and development, gross $ 4,748 $ 4,638 $ 18,979 $ 18,320 Less - royalty-bearing partici
Slide 11: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (thousands of U.S. dollars) As of As of Deccember 31, December 31, 2021 2020 (Unaudited) (Audited) Cash and cash equivalents $ 11,948 $ 13,548 Short-term bank deposits $ 58,621 $ 55,413 Trade receivables, net $ 10,031 $ 12,446 Inventories $ 931 $ 540 Other accounts receiv
Slide 12: Current Assets vs. Current Liabilities ($M)
CURRENT ASSETS VS. CURRENT LIABILITIES ($M) 90.0 83.2 83.4 83.6 80.0 70.0 60.0 50.0 40.0 30.0 20.0 14.9 16.4 12.7 10.0 - Q4-19 Q4-20 Q4-21 Current Assets Current Liabilities 24 February, 2022 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