Radcom(US:RDCM)2025-11-12 12:06Financial Performance - Total revenues for Q3 2025 were $18.4 million, representing a 16.2% year-over-year growth from $15.8 million in Q3 2024[3] - GAAP operating income for Q3 2025 was $2.4 million, or 13.1% of revenue, compared to $1.2 million, or 7.6% of revenue, in Q3 2024[3] - Non-GAAP operating income for Q3 2025 was $3.8 million, or 20.9% of revenue, up from $2.6 million, or 16.7% of revenue, in Q3 2024[3] - Total revenues for the first nine months of 2025 reached $52.6 million, a 17.6% increase from $44.8 million in the same period of 2024[6] - GAAP net income for Q3 2025 was $3.5 million, or $0.21 per diluted share, compared to $2.3 million, or $0.14 per diluted share, in Q3 2024[3] - GAAP net income for the three months ended September 30, 2025, was $3,471,000, compared to $2,251,000 for the same period in 2024, representing a 54% increase[20] - Non-GAAP net income for the nine months ended September 30, 2025, reached $13,211,000, up from $9,709,000 in 2024, reflecting a 36% growth[20] - GAAP net income per diluted share increased to $0.21 for Q3 2025, compared to $0.14 in Q3 2024, marking a 50% rise[20] - Non-GAAP income before taxes on income for the three months ended September 30, 2025, was $5,033,000, up from $3,756,000 in the same period of 2024, reflecting a 34% increase[20] Cash Flow and Assets - Positive cash flow of $5.1 million in Q3 2025, with cash and cash equivalents totaling $106.7 million and no debt[6] - Total current assets as of September 30, 2025, were $126,851,000, an increase from $117,196,000 as of December 31, 2024, indicating an 8% growth[22] - Cash and cash equivalents decreased to $15,941,000 as of September 30, 2025, from $19,243,000 as of December 31, 2024, a decline of 17%[22] - Trade receivables, net, were $17,302,000 as of September 30, 2025, down from $19,038,000 as of December 31, 2024, a decrease of 9%[22] Liabilities and Equity - Total liabilities decreased to $30,206,000 as of September 30, 2025, down from $34,898,000 as of December 31, 2024, a reduction of 13%[22] - Shareholders' equity increased to $108,943,000 as of September 30, 2025, compared to $95,676,000 as of December 31, 2024, representing a 14% increase[22] Business Developments - RADCOM secured 1Global as a new customer, deploying RADCOM ACE to enhance customer experiences across multiple regions, supporting over 43 million connections[6] - The company launched its High-Capacity User Analytics solution, capable of capturing network data at speeds of up to 400Gbps on a single server[6] - RADCOM reaffirms its full-year 2025 revenue guidance of 15%-18% year-over-year growth, implying approximately $71.1 million in revenue at the midpoint[7] - The company reported its highest operating margin since 2018, indicating strong operational resilience and value from its AI-driven solutions[2] Share Information - The weighted average number of shares used to compute diluted net income per share was 16,923,983 for Q3 2025, compared to 16,159,110 for Q3 2024, an increase of 5%[20]