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NEWS ER
RADCOM Achieves 20% Year-over-Year Revenue Growth and Reaches a Record $90.2 Million Cash Level
Third-quarter 2024 highlights:
• Revenue for the third quarter was $15.8 million, up 20% year-over-year, a new company record
• GAAP net income was $2.3 million, or $0.14 diluted EPS, compared to a net loss of $0.3 million or $0.02diluted EPS for the third quarter of 2023.
• Non-GAAP net income was $3.7 million, or $0.23diluted EPS, compared to $2.4 million, or $0.15diluted EPS, for the third quarter of 2023.
• $4 million positive cash flow, ending the quarter with $90.2 million of cash, cash equivalents, and short-term bank deposits, the company's highest-ever cash level.
First nine-month of 2024 highlights:
• Revenue for the period was $44.8 million, up 19% year-over-year
• GAAP net income was $4.7 million, or $0.29 diluted EPS, compared to a net income of $1.1 million or $0.07 diluted EPS for the first nine months of 2023.
• Non-GAAP net income was $9.7 million, or $0.61diluted EPS, compared to $6.3 million, or $0.4diluted EPS, for the first nine months of 2023.
• Revenue for the third quarter was $15.8 million, up 20% year-over-year, a new company record
• GAAP net income was $2.3 million, or $0.14 diluted EPS, compared to a net loss of $0.3 million or $0.02diluted EPS for the third quarter of 2023.
• Non-GAAP net income was $3.7 million, or $0.23diluted EPS, compared to $2.4 million, or $0.15diluted EPS, for the third quarter of 2023.
• $4 million positive cash flow, ending the quarter with $90.2 million of cash, cash equivalents, and short-term bank deposits, the company's highest-ever cash level.
First nine-month of 2024 highlights:
• Revenue for the period was $44.8 million, up 19% year-over-year
• GAAP net income was $4.7 million, or $0.29 diluted EPS, compared to a net income of $1.1 million or $0.07 diluted EPS for the first nine months of 2023.
• Non-GAAP net income was $9.7 million, or $0.61diluted EPS, compared to $6.3 million, or $0.4diluted EPS, for the first nine months of 2023.
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