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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Radcom Ltd | NASDAQ:RDCM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.09 | 1.04% | 8.75 | 8.60 | 9.08 | 9.0835 | 8.61 | 8.78 | 32,515 | 21:59:59 |
Exhibit 99.1 | RADCOM reports financial results for Q3 and 1st 9 months of 2015, dated October 27th, 2015 |
RADCOM LTD.
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Date: October 27, 2015
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By:
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/s/ Uri Birenberg
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Name:
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Uri Birenberg
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Title:
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CFO
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Exhibit Number
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Description of Exhibit
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99.1
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RADCOM reports financial results for Q3 and 1st 9 months of 2015, dated October 27th, 2015
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News
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Contact:
Uri Birenberg, CFO
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(972) 77-774-5060
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urib@radcom.com
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- Record 82.5% Gross Margin With $0.1 EPS (Basic, Non-GAAP) -
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- Continued Progress in Penetrating Top-Tier NFV Markets: Discussions Move
Forward With Tier-1 Service Providers in the U.S. –
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In $ thousands
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Q1-Q3 2015
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Q1-Q3 2014
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Q3 2015
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Q3 2014
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Revenues
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$15,958
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$16,448
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$4,767
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$6,007
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Gross margin
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80.0%
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69.2%
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82.5%
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66.0%
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Net profit (loss) (GAAP)
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$1,201
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$1,093
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$561
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$776
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Net profit (non-GAAP)
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$2,261
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$1,480
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$835
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$872
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Cash & equivalents
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$7,978
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$4,509
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$7,978
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$4,509
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Three months ended
September 30,
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Nine months ended
September 30,
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|||||||||||||||
2015
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2014
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2015
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2014
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|||||||||||||
(unaudited)
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(unaudited)
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(unaudited)
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(unaudited)
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|||||||||||||
Sales
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$ | 4,767 | $ | 6,007 | $ | 15,958 | $ | 16,448 | ||||||||
Cost of sales
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835 | 2,044 | 3,189 | 5,069 | ||||||||||||
Gross profit
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3,932 | 3,963 | 12,769 | 11,379 | ||||||||||||
Research and development, gross
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1,389 | 1,397 | 4,452 | 4,483 | ||||||||||||
Less - royalty-bearing participation
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867 | 719 | 1,007 | 1,306 | ||||||||||||
Research and development, net
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522 | 678 | 3,445 | 3,177 | ||||||||||||
Sales and marketing, net
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2,194 | 1,650 | 5,781 | 5,371 | ||||||||||||
General and administrative
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534 | 550 | 1,740 | 1,686 | ||||||||||||
Total operating expenses
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3,250 | 2,878 | 10,966 | 10,234 | ||||||||||||
Operating income
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682 | 1,085 | 1,803 | 1,145 | ||||||||||||
Financing expense, net
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(107 | ) | (309 | ) | (481 | ) | (52 | ) | ||||||||
Income before taxes
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575 | 776 | 1,322 | 1,093 | ||||||||||||
Taxes
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(14 | ) | - | (121 | ) | - | ||||||||||
Net profit
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$ | 561 | $ | 776 | $ | 1,201 | $ | 1,093 | ||||||||
Basic net income per ordinary share
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$ | 0.07 | $ | 0.10 | $ | 0.14 | $ | 0.14 | ||||||||
Diluted net income per ordinary share
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$ | 0.06 | $ | 0.09 | $ | 0.13 | $ | 0.13 | ||||||||
Weighted average number of ordinary shares used in computing basic net income
per ordinary share
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8,622,196 | 8,073,268 | 8,541,563 | 8,021,425 | ||||||||||||
Weighted average number of ordinary shares used in computing diluted net income
per ordinary share
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9,141,928 | 8,515,158 | 9,091,721 | 8,493,472 |
Three Months Ended
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Nine Months Ended
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|||||||||||||||
September 30,
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September 30,
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|||||||||||||||
2015
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2014
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2015
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2014
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|||||||||||||
(unaudited)
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(unaudited)
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(unaudited)
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(unaudited)
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|||||||||||||
GAAP net income
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$ | 561 | $ | 776 | $ | 1,201 | $ | 1,093 | ||||||||
Stock-based compensation (1)
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274 | 96 | 1,060 | 387 | ||||||||||||
Non-GAAP net income
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$ | 835 | $ | 872 | $ | 2,261 | $ | 1,480 | ||||||||
Non-GAAP net income per share (basic)
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$ | 0.10 | $ | 0.11 | $ | 0.26 | $ | 0.18 | ||||||||
Non-GAAP net income per share (diluted)
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$ | 0.09 | $ | 0.10 | $ | 0.25 | $ | 0.17 | ||||||||
Number of shares used in computing Non-GAAP earnings per share (basic)
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8,622,196 | 8,073,268 | 8,541,563 | 8,021,425 | ||||||||||||
Number of shares used in computing Non-GAAP earnings per share (diluted)
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9,141,928 | 8,515,158 | 9,091,721 | 8,493,472 | ||||||||||||
(1) Stock-based compensation:
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||||||||||||||||
Cost of sales
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7 | 2 | 29 | 11 | ||||||||||||
Research and development
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108 | 34 | 433 | 135 | ||||||||||||
Selling and marketing
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102 | 29 | 326 | 133 | ||||||||||||
General and administrative
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57 | 31 | 272 | 108 | ||||||||||||
274 | 96 | 1,060 | 387 |
As of
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As of
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|||||||
September 30,
2015
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December 31,
2014
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|||||||
(unaudited)
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(audited)
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|||||||
Current Assets
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||||||||
Cash and cash equivalents
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7,946 | 6,848 | ||||||
Restricted cash deposits
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32 | 32 | ||||||
Trade receivables
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5,527 | 5,477 | ||||||
Inventories
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1,709 | 2,699 | ||||||
Other receivables
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1,928 | 1,411 | ||||||
Total Current Assets
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17,142 | 16,467 | ||||||
Severance pay fund
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3,130 | 3,051 | ||||||
Other long-term receivables
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464 | 600 | ||||||
Property and equipment, net
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316 | 200 | ||||||
Total Assets
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21,052 | 20,318 | ||||||
Liabilities and Shareholders' Equity
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Current Liabilities
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||||||||
Trade payables
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1,013 | 1,524 | ||||||
Deferred revenue and advances from customers
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799 | 765 | ||||||
Employee and payroll accruals
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2,000 | 2,377 | ||||||
Other payables and accrued expenses
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1,850 | 1,739 | ||||||
Total Current Liabilities
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5,662 | 6,405 | ||||||
Long-Term Liabilities
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||||||||
Deferred revenue
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318 | 198 | ||||||
Accrued severance pay
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3,573 | 3,453 | ||||||
Total Long-Term Liabilities
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3,891 | 3,651 | ||||||
Total Liabilities
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9,553 | 10,056 | ||||||
Shareholders' Equity
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||||||||
Share capital
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371 | 361 | ||||||
Additional paid-in capital
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69,866 | 68,059 | ||||||
Accumulated other comprehensive loss
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(2,843 | ) | (1,062 | ) | ||||
Accumulated deficit
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(55,895 | ) | (57,096 | ) | ||||
Total Shareholders' Equity
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11,499 | 10,262 | ||||||
Total Liabilities and Shareholders' Equity
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21,052 | 20,318 |
1 Year Radcom Chart |
1 Month Radcom Chart |
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