Radcom Ltd. · NASDAQ:RDCM
Radcom — Q3 2016 Earnings Presentation
13 slides from Radcom's earnings presentation, October 2016
Slide 1: Reference Slides: Earnings Call for Q3-16 Results
Reference Slides Earnings Call for Q3-16 Results 1
Slide 2: Safe Harbor Provision
Safe Harbor Provision • Certain statements made herein that use words such as “estimate,” “project,” “intend,” “expect,” “'believe”, "may", "might", "predict", "potential", "anticipate", "plan" or similar expressions are intended to identify forward-looking statements within the meaning of the Priva
Slide 3: Overview
Overview • Q3 Revenues Up 62% YOY to $7.7M • Continued Engagement with 9 Top-Tier CSPs on Potential Projects • Increased Investments to Support Growth • COO Relocating to US to Ramp Up our North America Office Presence and Activities 3 October 16
Slide 4: Financials
Financials 4
Slide 5: Income Statement for Q3 (GAAP, US$ 1000s)
Income Statement for Q3 (GAAP, US$ 1000s) Q3-16 Q3-15 Sales 7,726 4,767 Cost of sales 2,357 835 Gross profit 5,369 3,932 Gross Margin 69.5% 82% R&D Gross 1,985 1,389 Less participation 385 867 R&D Net 1,600 522 Sales & Marketing 2,352 2,194 General & Administrative 1,436 534 Operating expenses 5,388
Slide 6: Income Statement for Q3 (Non-GAAP, US$ 1000s)
Income Statement for Q3 (Non-GAAP, US$ 1000s) Q3-16 Q3-15 Sales 7,726 4,767 Cost of sales 2,318 828 Gross profit 5,408 3,939 Gross Margin 70.0% 82.6% R&D Gross 1,830 1,281 Less participation 385 867 R&D Net 1,445 414 Sales & Marketing 2,279 2,092 General & Administrative 690 477 Operating expenses 4
Slide 7: Income Statement for 9 months (GAAP, US$ 1000s)
Income Statement for 9 months (GAAP, US$ 1000s) 9M-2016 9M-2015 Sales 21,473 15,958 Cost of sales 6,186 3,189 Gross Profit 15,287 12,769 Gross Margin 71.2% 80.0% R&D Gross 5,453 4,452 Less participation 1,141 1,007 R&D Net 4,312 3,445 Sales & Marketing 5,611 5,781 General & Administrative 3,463 1,74
Slide 8: Income Statement for 9 months (Non-GAAP, US$ 1000s)
Income Statement for 9 months (Non-GAAP, US$ 1000s) 9M-2016 9M-2015 Sales 21,473 15,958 Cost of sales 6,105 3,160 Gross Profit 15,368 12,798 Gross Margin 71.6% 80.2% R&D Gross 5,059 4,019 Less participation 1,141 1,007 R&D Net 3,918 3,012 Sales & Marketing 5,487 5,455 General & Administrative 2,362
Slide 9: Operating Expenses (GAAP, US$ 1000s)
Operating Expenses (GAAP, US$ 1000s) 9M-2016 9M-2015 R&D Gross 5,453 4,452 Less participation 1,141 1,007 R&D Net 4,312 3,445 Sales & Marketing 5,611 5,781 General & Administrative 3,463 1,740 Operating expenses 13,386 10,966 9 October 16
Slide 10: Operating Expenses (Non GAAP, US$ 1000s)
Operating Expenses (Non GAAP, US$ 1000s) 9M-2016 9M-2015 R&D Gross 5,059 4,019 Less participation 1,141 1,007 R&D Net 3,918 3,012 Sales & Marketing 5,487 5,455 General & Administrative 2,362 1,468 Operating expenses 11,767 9,935 10 October 16
Slide 11: Balance Sheet (US$ 1000s)
Balance Sheet (US$ 1000s) US$ ‘000s Sep-16 Sep-15 Cash and cash equivalents 43,248 7,946 Restricted cash deposits 32 32 Trade Receivables 4,413 5,527 Inventories 1,151 1,709 Other receivables 2,503 1,928 Current assets 51,347 17,142 Assets for severance benefits 3,205 3,130 Property & Equipment-Net
Slide 12: Current Assets vs. Current Liabilities
Current Assets vs. Current Liabilities 60.0 51.3 50.0 40.0 30.0 20.0 16.1 17.1 295% 10.0 168% 200% 13.0 6.0 5.7 0.0 Q3-14 Q3-15 Q3-16 Current Assets Current Liabilities 12 October 16
Slide 13: Thank You
(7 COM Radically better. October 16