Welcome to our dedicated page for Radcom news (Ticker: RDCM), a resource for investors and traders seeking the latest updates and insights on Radcom stock.
RADCOM Ltd. (Nasdaq: RDCM) generates news primarily around its AI-driven assurance and 5G-ready network intelligence solutions for telecom operators. Company announcements frequently highlight developments in its flagship platform, RADCOM ACE, and related offerings that use AI-driven analytics and generative AI (GenAI) to improve customer experiences and provide end-to-end observability from the radio access network (RAN) to the core.
News items for RDCM often include financial results released via press releases and Form 6-K filings, where RADCOM reports quarterly performance, discusses demand for intelligent, automated network assurance, and provides guidance on expected revenue growth. These releases are typically accompanied by details of conference calls and webinars hosted by management for investors and analysts.
Investors and industry followers can also expect updates on customer wins and partnerships, such as multi-year agreements to deploy RADCOM ACE with global mobile communications providers or contracts for smart network visibility solutions through partners like Rakuten Symphony. Product-focused news covers launches like the High-Capacity User Analytics solution, which the company describes as enabling data capture at up to 400 Gbps on a single server using NVIDIA BlueField-3, and other enhancements that expand AI and automation capabilities.
In addition, RADCOM issues announcements about executive appointments and participation in investor conferences, including events hosted by firms such as Needham. For readers tracking RDCM, this news feed provides a consolidated view of the company’s operational progress, product evolution, customer engagements, and capital markets activity.
RADCOM (Nasdaq: RDCM) announced that Heli Bennun will step down as Executive Chairman on December 31, 2024, after 14 years with the company. The Board has nominated Sami Totah as her successor, effective January 1, 2025, subject to shareholder approval. Under Bennun's leadership since 2015, RADCOM has grown into a profitable company and established itself as a leading automated assurance provider in the 5G market.
Bennun expressed pride in the company's achievements, including expanding its customer base to include innovative telecom operators. Totah, the nominated successor, stated his commitment to advancing RADCOM's strategic initiatives and enhancing stakeholder value. The transition marks a significant change in leadership for the company, which has become a key player in cloud-based 5G network assurance solutions.
RADCOM (Nasdaq: RDCM) reported strong financial results for Q2 2024, with record quarterly revenues of $14.8 million, up 20% year-over-year. The company's net income increased by approximately 120% to $1.7 million, or $0.11 diluted EPS. RADCOM achieved a new milestone with cash and cash equivalents reaching $86.1 million.
Key highlights for H1 2024 include total revenues of $28.9 million, a 19% year-over-year growth, and GAAP net income of $2.5 million. The company secured over $50 million in new 5G contracts since the start of the year. Based on strong performance, RADCOM raised its 2024 revenue guidance to $58 to $61 million.
RADCOM (Nasdaq: RDCM) has announced its upcoming second quarter 2024 financial results conference call and webcast, scheduled for Wednesday, August 7, 2024, at 8:00 AM Eastern Time. The company will report its financial results for the quarter ended June 30, 2024, before the Nasdaq Stock Market opens. RADCOM's management will host an interactive conference call to discuss the results and answer questions.
A live webcast of the presentation will be available, and archived for 90 days. Participants can join the interactive call by dialing in from the US (toll-free) at +1-866-652-8972 or from other locations at +972-3-918-0644. A conference call replay will be accessible on RADCOM's investor relations webpage shortly after the call.
RADCOM (Nasdaq: RDCM) announced securing over $45 million in new contracts since January 2024. This milestone demonstrates the company's effective strategy to grow its business and revenue through innovative solutions, particularly in cloud-based 5G networks.
Interim CEO Hilik Itman emphasized the company's leading position in providing cloud-based solutions for telecom operators transitioning to 5G. Itman highlighted that these new contracts will help expand solution deployments and drive future growth, reflecting RADCOM's commitment to meeting customer needs with advanced technology.
RADCOM (NASDAQ: RDCM) has announced strong financial results for Q1 2024, with revenues reaching $14.1 million, marking a 17.5% year-over-year growth from $12 million in Q1 2023. The company reported a GAAP net income of $0.8 million ($0.05 per diluted share) and a non-GAAP net income of $2.8 million ($0.18 per diluted share). As of March 31, 2024, RADCOM had $85.3 million in cash and no debt, achieving its highest-ever cash level. RADCOM also renewed its multi-year contract with Rakuten Mobile and extended a contract with a U.S. telecom operator to use RADCOM ACE. The company raised its 2024 revenue guidance to $57-$60 million.
RADCOM (Nasdaq: RDCM) will present at the 19th Annual Needham Technology, Media, & Consumer Conference on May 16, 2024. Interim CEO and CFO will be presenting virtually, with one-on-one meetings available. A live webcast and presentation slides will be accessible online.
RADCOM announced RADCOM NetTalk™ is now available on Amazon Web Services (AWS), enhancing operational efficiencies with generative AI. The application leverages AWS AI services to provide network insights through RADCOM ACE, enabling faster network management and improved customer experiences. The integration with Amazon Bedrock and QuickSight allows operators to deploy generative AI capabilities securely and access unified business intelligence at a hyper-scale.
RADCOM (Nasdaq: RDCM) has secured a contract extension with a U.S. telecom operator to deploy RADCOM ACE Service Assurance on Amazon Web Services (AWS) as a Software-as-a-Service (SaaS) solution. This move enables the operator to improve network automation, flexibility, and real-time insights, ensuring excellent customer experiences and quality services.
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