Slide 1: Q3-22 Conference Call
Q3-22 CONFERENCE CALL November 10, 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 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 Privat
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: Q3-22 Overview
Q3-22 OVERVIEW Third-quarter revenues of $12 million, 17% quarterly revenue growth year-over-year. GAAP operating expenses were $9.5M compared to $8M in the third quarter of 2021 Non-GAAP operating expenses were $8.3M compared to $7.3M in the third quarter of 2021 GAAP net loss for the third
Slide 6: Third Quarter 2022 Financial Results
THIRD 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 Nine months ended September 30, September 30, 2022 2021 2022 2021 Unaudited Unaudited Unaudited Audited Revenues $ 12,011 $ 10,228 $ 33,762 $ 29,124 Cost of revenues $ 3,30
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 Nine months ended September 30, September 30, 2022 2021 2022 2021 NON-GAAP (1) Revenues $ 12,011 $ 10,228 $ 33,762 $ 29,124 Cost of revenues $ 3,207 $ 3,114 $ 9,031 $ 7,86
Slide 9: Operating Expenses (GAAP)
OPERATING EXPENSES (GAAP) (thousands of U.S. dollars) UNAUDITED Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Research and development, gross $ 5,285 $ 4,791 $ 16,193 $ 15,121 Less - royalty-bearing participation $ 187 $ 205 $ 602 $ 343 Research and development
Slide 10: Operating Expenses (Non-GAAP)
OPERATING EXPENSES (NON-GAAP) (thousands of U.S. dollars) UNAUDITED Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 NON-GAAP (1) Research and development, gross $ 4,644 $ 4,494 $ 14,298 $ 14,232 Less - royalty-bearing participation $ 187 $ 205 $ 602 $ 343 Researc
Slide 11: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS As of As of (thousands of U.S. dollars) September 30, December 31, 2022 2021 (Unaudited) (audited) Cash and cash equivalents $ 15,353 $ 11,948 Short-term bank deposits $ 55,457 $ 58,621 Trade receivables, net $ 13,088 $ 10,031 Inventories $ 403 $ 931 Other accounts receiv
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