Slide 1: RADCOM Q3-2024 Conference Call
RADCOM Q3-2024 CONFERENCE CALL November 13th, 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 Certain statements made herein that use words such as "estimate," "project," "intend," "expect," "'believe," “may," "might," "potential," "anticipate," "plan" or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities
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-rela
Slide 5: Q3-24 Overview
Q3-24 OVERVIEW ▪ Third quarter revenues of $15.8 million, 20% quarterly revenue growth year-over-year. ▪ GAAP net income was $2.3 million compared to net loss $0.3 million in the same period in 2023. ▪ Non-GAAP net income was $3.7 million compared to a $2.4 million in the same period in 2023. ▪ Cash
Slide 6: Third Quarter 2024 Financial Results
Third 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 Nine months ended Septmber 30, September 30, 2024 2023 2024 2023 Revenues $ 15,821 $ 13,195 $ 44,745 $ 37,590 Cost of revenues $ 4,064 $ 3,510 $ 11,609 $ 10,338 Gross profit $ 11,757
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 Nine months ended Septmber 30, September 30, 2024 2023 2024 2023 NON-GAAP (1) Revenues $ 15,821 $ 12,372 $ 44,745 $ 24,395 Cost of revenues $ 3,900 $ 3,363 $ 11,151 $ 6,622 Gros
Slide 9: Operating Expenses (GAAP)
OPERATING EXPENSES (GAAP) Three months ended Nine months ended Septmber 30, September 30, 2024 2023 2024 2023 Research and development, gross $ 4,696 $ 4,952 $ 13,910 $ 9,721 Less - royalty-bearing participation $ 182 $ 180 $ 571 $ 442 Research and development, net $ 4,514 $ 4,772 $ 13,339 $ 9,279 S
Slide 10: Operating Expenses (Non-GAAP)
OPERATING EXPENSES (NON-GAAP) Three months ended Nine months ended Septmber 30, September 30, 2024 2023 2024 2023 Unaudited Unaudited Unaudited Unaudited NON-GAAP (1) Research and development, gross $ 4,208 $ 4,416 $ 12,360 $ 8,640 Less - royalty-bearing participation $ 182 $ 180 $ 571 $ 442 Researc
Slide 11: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS As of As of September 30, December 31, 2024 2023 Cash and cash equivalents $ 15,805 $ 10,892 Short-term bank deposits $ 74,444 $ 71,273 Trade receivables, net $ 18,978 $ 13,412 Inventories $ 2,249 $ 246 Other accounts receivable and prepaid expenses $ 1,991 $ 1,592 Total
Slide 12: Current Assets vs. Current Liabilities ($M)
CURRENT ASSETS VS. CURRENT LIABILITIES ($M) 120.0 113.4 100.0 93.9 86.6 80.0 60.0 40.0 27.1 19.7 20.4 20.0 - Q3-22 Q3-23 Q3-24 Current Assets Current Liabilities 12
Slide 13: Thank You
RADCOM > THANK YOU