From RTTNews:

RADCOM Ltd. (RDCM) reported a fourth-quarter GAAP net income of $2.6 million, or $0.17 per share, compared to a GAAP net loss of $0.03 million, for the same period in 2022. Non-GAAP net income was $3.8 million, or $0.25 per share, a significant increase from the previous year. Total revenues for the quarter reached $14.0 million, marking a 14% year-over-year growth. Analysts’ estimates were surpassed, with average revenue expected to be $13.55 million.

The company’s strong performance has exceeded analyst expectations, with a robust growth in total revenues and a significant increase in non-GAAP net income. The positive fourth-quarter results and the company’s ability to outperform analyst estimates are promising indicators for RADCOM Ltd.’s financial stability and growth potential in the coming year. For more in-depth earnings news, visit the rttnews.com website.



Read more: RADCOM Q4 Profit Tops Estimates; Revenues Up 14%