Probleme bei der Darstellung von ARIVA.DE?

  • Laden unsere Charts bei Ihnen nicht?
  • Wird unser Forum bei Ihnen nicht korrekt dargestellt?

Sie nutzen einen Adblocker, der hierfür verantwortlich ist. Hierauf hat ARIVA.DE leider keinen Einfluss. Bitte heben Sie die Blockierung von ARIVA.DE in Ihrem Adblocker auf.

Probleme bei der Darstellung von ARIVA.DE?

Top-Thema

19.08.17
GESAMT-​ROUNDUP: Spanische Terror-​Ermittler uneins - Suche nach dem Täter

RADCOM Reports Fourth Quarter and Full Year 2016 Financial Results

Dienstag, 14.02.2017 13:35 von

PR Newswire

TEL-AVIV, Israel, Feb. 14, 2017 /PRNewswire/ -- RADCOM Ltd. (NASDAQ: RDCM) today reported its financial results for the fourth quarter and fiscal year ended December 31, 2016.

"The fourth quarter marked a strong end to a great year for the Company, highlighted by our ability to reach the high-end of our guidance range," commented Mr. Yaron Ravkaie, RADCOM's CEO.  "In 2016, we made great progress with our top-tier customer deployments, continued our engagement with other leading global carriers, and focused on preparing the company for future growth by boosting our senior management team and ramping up our engineering capabilities.  We believe we have laid a solid foundation during 2016 to continue our momentum, as evidenced by our initial 2017 revenue guidance range of $36-$39 million."

Fourth Quarter 2016 Financial Highlights

  • Revenues: Total revenues for the fourth quarter were $8.0 million, up 196% compared to $2.7 million in the fourth quarter of 2015.  
  • Net Loss: GAAP net loss for the period was approximately $0.7 million, or $0.06 loss per diluted share, compared to a loss of $2.1 million, or $0.25 loss per diluted share for the fourth quarter of 2015.
  • Non-GAAP Net Income/(Loss):  Non-GAAP net income for the period was approximately $0.4 million, or $0.04 per diluted share, compared to a loss of $(1.6) million, or $(0.19) per diluted share for the fourth quarter of 2015.

    Both GAAP and non-GAAP results for the fourth quarter of 2016 included a $552,000, or $0.05 per diluted share, benefit related to grants from the Israel Innovation Authority (formerly Office of the Chief Scientist) compared to $576,000, or $0.07 per diluted share, in the fourth quarter of 2015.
  • Balance sheet: As of December 31, 2016, the Company had cash and cash equivalents of $42.9 million and no debt.   

Full Year 2016 Financial Highlights


  • Revenues: Total revenues for the full year 2016 were $29.5 million, up 58% compared to $18.7 million in the full year 2015.  
  • Net Income/(Loss): GAAP net income for the full year 2016 was approximately $1.9 million, or $0.18 per diluted share, compared to a loss of $(923,000), or $(0.11) per diluted share for the full year 2015.
  • Non-GAAP Net Income:  Non-GAAP net income for the period was approximately $4.8 million or $0.44 per diluted share, for the full year 2016, compared to $656,000, or $0.07 per diluted share for the full year 2015.

    Both GAAP and non-GAAP results for the full year 2016 included a $1.7 million, or $0.16 per diluted share, benefit related to grants from the Israel Innovation Authority compared to $1.6 million, or $0.18 per diluted share, in 2015.

Earnings Conference Call
RADCOM's management will hold an interactive conference call today at 8:00 AM Eastern Time (15:00 Israel Time) to discuss the results and to answer participants' questions. To join the call, please call one of the following numbers approximately five minutes before the call is scheduled to begin:

From the US (toll-free): + 1-888-668-9141

From other locations: +972-3-918-0609

For those unable to listen to the call at the time, a replay will be available from February 15th on RADCOM's website.

About RADCOM

RADCOM (NASDAQ: RDCM) is a first-mover and leading provider of NFV-ready service assurance and customer experience management solutions for Communications Service Providers (CSPs). RADCOM's software - MaveriQ - continuously monitors network performance and quality of services, to optimize user experience for CSPs' subscribers. RADCOM specializes in solutions for next-generation mobile and fixed networks, including LTE, VoLTE, IMS and others. MaveriQ enables CSPs to smoothly migrate their networks to NFV by assuring physical, NFV-based and hybrid networks. For more information, please visit www.radcom.com.

Non-GAAP Information

Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the reader's overall understanding of the Company's financial performance. By excluding non-cash stock-based compensation that has been expensed in accordance with ASC Topic 718, inventory write-off and  non-cash write-off of importation taxes, the Company's non-GAAP results provide information to both management and investors that is useful in assessing the Company's core operating performance and in evaluating and comparing the Company's results of operations on a consistent basis from period to period. These non-GAAP financial measures are also used by management to evaluate financial results and to plan and forecast future periods.  The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with GAAP.

Risks Regarding Forward-Looking Statements

Certain statements made herein that use words such as "estimate," "project," "intend," "expect," "'believe", "may", "might", "predict", "potential", "anticipate", "plan" or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, when the Company discusses its momentum and revenue guidance for 2017 it is using foward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in the demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the U.S. Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.

 

RADCOM LTD.

Consolidated Statements of Operations

(thousands of U.S. dollars, except share and per share data)



Three months ended


Twelve months ended

 December 31,

  December 31,


2016


2015


2016


2015

Sales 

$     8,037


$     2,715


$    29,510


$    18,673

Cost of sales

2,796


1,137


8,982


4,326

Gross profit 

5,241


1,578


20,528


14,347

Research and development, gross

2,594


1,620


8,047


6,071

Less - royalty-bearing participation

552


576


1,693


1,582

Research and development, net

2,042


1,044


6,354


4,489

Sales and marketing, net

2,917


2,054


8,528


7,834

General and administrative 

1,060


652


4,523


2,393

Total operating expenses

6,019


3,750


19,405


14,716

Operating income (loss)

(778)


(2,172)


1,123


(369)

Financial income (expense), net

41


48


816


(433)

Income (loss) before taxes

(737)


(2,124)


1,939


(802)

Taxes on income

-


-


(24)


(121)

Net income (loss)

$    (737)


$   (2,124)


$   1,915


$     (923)


$    (0.06)


$    (0.25)


$     0.18


$    (0.11)

Basic net income (loss) per

ordinary share 

Diluted net income (loss) per

$    (0.06)


$    (0.25)


$     0.18


$    (0.11)

ordinary share


11,548,059


8,665,019


10,406,897


8,572,681

Weighted average number of  

    ordinary shares used in

    computing basic net income

    (loss)  per ordinary share


11,548,059


8,665,019


10,779,547


8,572,681

Weighted average number of  

    ordinary shares used in

    computing diluted net income 

    (loss) per ordinary share

 

 

RADCOM LTD.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION

(thousands of U.S. dollars, except share and per share data)










Three months ended

Twelve months ended


December 31, 

December 31,


2016


2015


2016


2015

GAAP gross profit 

5,241


1,578


20,528


14,347

    Stock-based compensation

37


4


118


33

    Importation tax write-off

388


-


388


-

    Inventory write-off

-


170


-


170

Non-GAAP gross profit

5,666


1,752


21,034


14,550









GAAP Research and development, net

2,042


1,044


6,354


4,489

    Stock-based compensation

231


96


625


529

Non-GAAP Research and development, net

1,811


948


5,729


3,960









GAAP sales and marketing, net

2,917


2,054


8,528


7,834

    Stock-based compensation

75


54


199


380

Non-GAAP sales and marketing, net

2,842


2,000


8,329


7,454









GAAP general and administrative

1,060


652


4,523


2,393

    Stock-based compensation

428


194


1,529


467

Non-GAAP general and administrative

632


458


2,994


1,926









GAAP total operating expenses

6,019


3,750


19,405


14,716

    Stock-based compensation

734


344


2,353


1,376

Non-GAAP total operating expenses

5,285


3,406


17,052


13,340









GAAP operating income (loss)

(778)


(2,172)


1,123


(369)

    Stock-based compensation

771


348


2,471


1,409

    Importation tax write-off

388


-


388



    Inventory write-off

-


170


-


170

Non-GAAP operating income (loss) 

381


(1,654)


3,982


1,210









GAAP income (loss) before taxes on income

(737)


(2,124)


1,939


(802)

    Stock-based compensation

771


348


2,471


1,409

    Importation tax write-off

388


-


388



    Inventory write-off

-


170


-


170

Non-GAAP income (loss) before taxes on income

422


(1,606)


4,798


777









GAAP net income (loss)

(737)


(2,124)


1,915


(923)

    Stock-based compensation

771


348


2,471


1,409

    Importation tax write-off

388


-


388



    Inventory write-off

-


170


-


170

Non-GAAP net income

422


(1,606)


4,774


656









GAAP Net income per diluted share

(0.06)


(0.25)


0.18


(0.11)

    Stock-based compensation

0.07


0.04


0.22


0.16

    Importation tax write-off

0.03


-


0.04


-

    Inventory write-off

-


0.02


-


0.02

Non-GAAP Net income per diluted share

0.04


(0.19)


0.44


0.07









Weighted average number of shares used to compute

11,920,521


8,665,019


10,779,547


9,117,767

diluted net income (loss) per share

 

 

RADCOM Ltd.

Consolidated Balance Sheets

(thousands of U.S. dollars) 


As of


As of


December 31, 


December 31, 

2016

2015

Current Assets




     Cash and cash equivalents

42,886


8,727

     Restricted bank deposits

32


32

     Trade receivables, net

4,388


3,684

     Inventories 

623


1,532

     Other receivables

1,960


2,087





Total Current Assets

49,889

16,062

Severance pay fund




2,788

3,181

Other long-term receivables




375

508

Property and equipment, net




1,516

384

Total Assets




54,568

20,135





Liabilities and Shareholders' Equity




Current Liabilities 




    Trade payables 

2,820


1,465

    Deferred revenue and advances from customers

2,593


931

     Employee and payroll accruals 

3,541


2,533

    Other payables and accrued expenses 

2,081


1,490





Total Current Liabilities

11,035

6,419

Long-Term Liabilities 




    Deferred revenue

123


197

    Accrued severance pay        

3,267


3,656





Total Long-Term Liabilities

3,390

3,853





Total Liabilities

14,425


10,272





Shareholders' Equity 




    Share capital 

523


372

    Additional paid-in capital

98,283


70,270

     Accumulated other comprehensive loss

(2,559)


(2,760)

    Accumulated deficit

(56,104)


(58,019)

Total Shareholders' Equity




40,143

9,863


54,568


20,135


Total Liabilities and Shareholders' Equity





 

Contact:
Ran Vered, CFO
(+972) 77-774-5011
ranv@radcom.com 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/radcom-reports-fourth-quarter-and-full-year-2016-financial-results-300406938.html

SOURCE RADCOM Ltd.