Slide 1: RADCOM Q2-2024 Conference Call
RADCOM Q2-2024 CONFERENCE CALL August 7th, 2024
Slide 2: Agenda
AGENDA ▪ Introduction and safe harbor ▪ Hilik Itman, Interim Chief Executive Officer ▪ 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 5G and launches, demand for the Company’s products and services, sales opportunities, sales cycles, and pipeline, momentum,
Slide 4: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES In this conference call, management will refer 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, acquisition-relat
Slide 5: Q2-24 Overview
Q2-24 OVERVIEW ▪ Second-quarter revenues of $14.8 million, 20% quarterly revenue growth year-over-year. ▪ Non-GAAP net income was $3.1 million compared to a $2.1 million in the same period in 2023. ▪ GAAP net income was $1.7 million compared to $0.8 million in the same period in 2023. ▪ Cash and cas
Slide 6: Second Quarter 2024 Financial Results
Second Quarter 2024 Financial Results
Slide 7: Consolidated Statements of Operations (GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (GAAP) (in thousands of U.S. dollars, except per share data) Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Revenues $ 14,801 $ 12,372 $ 28,924 $ 24,395 Cost of revenues $ 3,794 $ 3,480 $ 7,545 $ 6,828 Gross profit $ 11,007 $ 8,892 $ 2
Slide 8: Consolidated Statements of Operations (Non-GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (NON-GAAP) (in thousands of U.S. dollars, except per share data) Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 NON-GAAP (1) Revenues $ 14,801 $ 12,372 $ 28,924 $ 24,395 Cost of revenues $ 3,639 $ 3,363 $ 7,250 $ 6,622 Gross profit $ 1
Slide 9: Operating Expenses (GAAP)
OPERATING EXPENSES (GAAP) Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Research and development, gross $ 4,621 $ 4,952 $ 9,214 $ 9,721 Less - royalty-bearing participation $ 180 $ 180 $ 389 $ 442 Research and development, net $ 4,441 $ 4,772 $ 8,825 $ 9,279 Sales and mar
Slide 10: Operating Expenses (Non-GAAP)
OPERATING EXPENSES (NON-GAAP) Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Unaudited Unaudited Unaudited Unaudited NON-GAAP (1) Research and development, gross $ 4,096 $ 4,416 $ 8,152 $ 8,640 Less - royalty-bearing participation $ 180 $ 180 $ 389 $ 442 Research and devel
Slide 11: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS As of As of December 31, June 30, 2024 2023 Cash and cash equivalents $ 15,248 $ 10,892 Short-term bank deposits $ 70,864 $ 71,273 Trade receivables, net $ 18,071 $ 13,412 Inventories $ 695 $ 246 Other accounts receivable and prepaid expenses $ 1,353 $ 1,592 Total Current
Slide 12: Current Assets vs. Current Liabilities ($M)
CURRENT ASSETS VS. CURRENT LIABILITIES ($M) 120.0 106.2 100.0 90.2 84.4 80.0 60.0 40.0 24.0 19.8 17.4 20.0 - Q2-22 Q2-23 Q2-24 Current Assets Current Liabilities
Slide 13: Thank You
RADCOM > THANK YOU