Radcom(US:RDCM)2025-08-13 11:12Financial Performance - Total revenues for Q2 2025 were $17.7 million, representing a 19.3% year-over-year growth from $14.8 million in Q2 2024[5] - GAAP operating income for Q2 2025 was $1.7 million, or 9.9% of revenue, compared to $0.9 million, or 5.9% of revenue in Q2 2024[5] - Non-GAAP net income for Q2 2025 was $4.2 million, or $0.25 per diluted share, up from $3.1 million, or $0.20 per diluted share in Q2 2024[5] - For the first six months of 2025, total revenues were $34.2 million, an 18.4% increase from $28.9 million in the same period of 2024[9] - GAAP net income for the first six months of 2025 was $4.9 million, or $0.29 per diluted share, compared to $2.5 million, or $0.16 per diluted share in the first six months of 2024[9] - GAAP net income for the three months ended June 30, 2025, was $2,438,000, compared to $1,707,000 for the same period in 2024, representing an increase of 42.8%[20] - Non-GAAP net income for the six months ended June 30, 2025, reached $8,285,000, up from $5,985,000 in 2024, reflecting a growth of 38.5%[20] - Non-GAAP income before taxes on income for the three months ended June 30, 2025, was $4,250,000, up from $3,164,000 in 2024, representing a growth of 34.3%[20] - GAAP net income per diluted share for the six months ended June 30, 2025, was $0.29, compared to $0.16 in 2024, reflecting an increase of 81.3%[20] Cash and Assets - The company ended Q2 2025 with over $100 million in cash and no debt, achieving its highest cash levels ever[3] - The company reported a positive cash flow of $2.6 million in Q2 2025[5] - Total current assets as of June 30, 2025, amounted to $123,446,000, an increase from $117,196,000 as of December 31, 2024, indicating a growth of 5.4%[22] - Cash and cash equivalents increased to $21,910,000 as of June 30, 2025, compared to $19,243,000 as of December 31, 2024, marking an increase of 13.9%[22] Liabilities and Equity - Total liabilities decreased to $32,305,000 as of June 30, 2025, from $34,898,000 as of December 31, 2024, showing a reduction of 7.4%[22] - Total shareholders' equity increased to $104,080,000 as of June 30, 2025, from $95,676,000 as of December 31, 2024, indicating a growth of 8.8%[22] - Trade payables rose to $3,689,000 as of June 30, 2025, compared to $2,457,000 as of December 31, 2024, representing an increase of 50.1%[22] Strategic Focus - RADCOM reaffirms its full-year 2025 revenue guidance, expecting growth of 15% to 18%, with a midpoint of $71.1 million[7] - RADCOM's strategic focus includes enhancing its AI capabilities and expanding partnerships to meet growing market demand for automated network assurance solutions[3] Operating Income - Non-GAAP operating income for Q2 2025 was $3.4 million, or 19.5% of revenue, compared to $2.3 million, or 15.4% of revenue in Q2 2024[5] - The weighted average number of shares used to compute diluted net income per share increased to 16,711,789 for the three months ended June 30, 2025, from 15,978,799 in 2024, an increase of 4.6%[20]