Slide 1: RADCOM Q4-2023 Conference Call
RADCOM Q4-2023 CONFERENCE CALL January 31st, 2024
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 full-year 2024 revenue guidance, the 5G market and industry trends and expected increase in standalone 5G launches, the role
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: Q4-23 Overview
Q4-23 OVERVIEW Fourth-quarter revenues of $14.0 million, 14% quarterly revenue growth year-over-year. Managed costs carefully and maintained the same non-GAAP operating expenses ($8.0M compared to $8.4M in the fourth quarter of 2022). GAAP net income was $2.3 million compared to a net loss of
Slide 6: Fourth Quarter 2023 Financial Results
FOURTH QUARTER 2023 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 Twelve months ended December 31, December 31, 2023 2022 2023 2022 Revenues $ 14,010 $ 12,289 $ 51,600 $ 46,051 Cost of revenues $ 3,435 $ 3,391 $ 13,773 $ 12,714 Gross profit $ 10,57
Slide 8: Consolidated Statements of Operations (Non-GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (NON-GAAP) Three months ended Twelve months ended December 31, December 31, 2023 2022 2023 2022 NON-GAAP (1) Revenues $ 14,010 $ 12,289 $ 51,600 $ 46,051 Cost of revenues $ 3,307 $ 3,291 $ 13,181 $ 12,322 Gross profit $ 10,703 $ 8,998 $ 38,419 $ 33,729 Gross pro
Slide 9: Operating Expenses (GAAP)
OPERATING EXPENSES (GAAP) Three months ended Twelve months ended December 31, December 31, 2023 2022 2023 2022 Research and development, gross $ 4,327 $ 5,290 $ 19,575 $ 21,483 Less - royalty-bearing participation $ 190 $ 160 $ 736 $ 762 Research and development, net $ 4,137 $ 5,130 $ 18,839 $ 20,72
Slide 10: Operating Expenses (Non-GAAP)
OPERATING EXPENSES (NON-GAAP) Three months ended Twelve months ended December 31, December 31, 2023 2022 2023 2022 Unaudited Unaudited Unaudited Unaudited NON-GAAP (1) Research and development, gross $ 3,903 $ 4,688 $ 16,885 $ 18,986 Less - royalty-bearing participation $ 190 $ 160 $ 736 $ 762 Resea
Slide 11: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS As of As of December 31, December 31, 2023 2022 Cash and cash equivalents $ 10,892 $ 9,527 Short-term bank deposits $ 71,273 $ 64,130 Trade receivables, net $ 13,412 $ 11,074 Inventories $ 246 $ 795 Other accounts receivable and prepaid expenses $ 1,592 $ 1,928 Total Curr
Slide 12: Current Assets vs. Current Liabilities ($M)
CURRENT ASSETS VS. CURRENT LIABILITIES ($M)
Slide 13: Thank You
RADCOM > |, THANK YOU