Slide 1: RADCOM Q1-2024 Conference Call
RADCOM Q1-2024 CONFERENCE CALL May 15th, 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 its momentum, growth, future profitability, expected levels of gross margins, its ability to drive the business forward in
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: Q1-24 Overview
Q1-24 OVERVIEW § First-quarter revenues of $14.1 million, 17.5% quarterly revenue growth year-over-year. § Non-GAAP net income was $2.8 million compared to a $1.8 million in the same period in 2023. § GAAP net income was $0.8 million compared to $0.6 million in the same period in 2023. § Cash and ca
Slide 6: First Quarter 2024 Financial Results
First 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 March 31, 2024 2023 Revenues $ 14,123 $ 12,023 Cost of revenues $ 3,751 $ 3,348 Gross profit $ 10,372 $ 8,675 Gross profit % 73% 72% Research and development, gross $ 4,593 $ 4,769 L
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 March 31, 2024 2023 NON-GAAP (1) Revenues $ 14,123 $ 12,023 Cost of revenues $ 3,611 $ 3,259 Gross profit $ 10,512 $ 8,764 Gross profit % 74% 73% Research and development, gross
Slide 9: Operating Expenses (GAAP)
OPERATING EXPENSES (GAAP) Three months ended March 31, 2024 2023 Research and development, gross $ 4,593 $ 4,769 Less - royalty-bearing participation $ 209 $ 262 Research and development, net $ 4,384 $ 4,507 Sales and marketing $ 4,285 $ 3,313 General and administrative $ 2,013 $ 1,229 Total operati
Slide 10: Operating Expenses (Non-GAAP)
OPERATING EXPENSES (NON-GAAP) Three months ended March 31, 2024 2023 NON-GAAP (1) Research and development, gross $ 4,056 $ 4,224 Less - royalty-bearing participation $ 209 $ 262 Research and development, net $ 3,847 $ 3,962 Sales and marketing $ 3,752 $ 3,005 General and administrative $ 1,174 $ 96
Slide 11: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS As of As of March 31, 2024 December 31, 2023 Cash and cash equivalents $ 8,139 $ 10,892 Short-term bank deposits $ 77,126 $ 71,273 Trade receivables, net $ 14,829 $ 13,412 Inventories $ 975 $ 246 Other accounts receivable and prepaid expenses $ 1,469 $ 1,592 Total Current
Slide 12: Current Assets vs. Current Liabilities ($M)
CURRENT ASSETS VS. CURRENT LIABILITIES ($M)
Slide 13: Thank You
RADCOM > THANK YOU