Radcom Ltd. (RDCM) Misses Q3 EPS by 1c, Revenues Beat

Radcom Ltd. (NASDAQ: RDCM) reported Q3 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $9.4 million versus the consensus estimate of $8.53 million.

Third Quarter 2019 Financial Highlights:

• Revenues: Total revenues for the third quarter were $9.4 million, up 10% compared to $8.5 million in the third quarter of 2018.
• Net Income (loss): GAAP net loss for the period was $(1.7) million, or $(0.12) per diluted share, compared to GAAP net income of $0.6 million, or $0.05 per diluted share for the third quarter of 2018.
• Non-GAAP Net Income (loss): Non-GAAP net loss for the period was $(1.0) million, or $(0.07) per diluted share, compared to non-GAAP net income of $1.0 million, or $0.07 per diluted share for the third quarter of 2018.
• Balance sheet: As of September 30, 2019, the Company had cash and cash equivalents and short-term bank deposits of $68.1 million and no debt.

For earnings history and earnings-related data on Radcom Ltd. (RDCM) click here.

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