RADCOM Reports Record-Breaking Year with Highest-Ever Revenues and Accelerated Profit Growth

Core Insights - RADCOM Ltd. achieved record-breaking financial results for 2024, marking its sixth consecutive year of revenue growth and significantly enhancing profitability [1][2][5] Financial Performance - Total revenues for 2024 reached $61 million, a year-over-year increase of over 18.2% compared to $51.6 million in 2023 [8][9] - GAAP net income for 2024 was $7 million, or $0.43 per diluted share, compared to $3.7 million, or $0.24 per diluted share in 2023 [9][18] - Non-GAAP net income for 2024 amounted to $13.5 million, or $0.83 per diluted share, up from $10.2 million, or $0.67 per diluted share in 2023 [9][18] - The fourth quarter of 2024 saw revenues of $16.3 million, a 16.1% increase from $14.0 million in Q4 2023 [9][18] Profitability and Cash Flow - Earnings per share surged by over 75% on a GAAP basis, with a positive cash flow of $12.5 million, ending the year with a record-high cash and short-term deposits balance of $94.7 million [2][8] - The company maintained a completely debt-free status [2] Strategic Developments - RADCOM secured a multi-year contract with Norlys, the owner of Telia Denmark, reinforcing its leadership in AI-driven assurance solutions [4] - The company is focused on innovation, AI, and automation, continuously investing in R&D to enhance its 5G assurance capabilities [3] Future Outlook - For 2025, RADCOM anticipates revenue growth of 12% to 15%, targeting a midpoint of $69.2 million, which represents a 13.5% increase compared to 2024 [5][8]