The following is a summary of the RADCOM Ltd. (RDCM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• RADCOM achieved record quarterly revenues of $15.8 million in Q3 2024, an increase of 20% year-over-year.

• Non-GAAP net income for the third quarter was $3.7 million, with a non-GAAP net margin of 24%, up from 18% in Q3 2023.

• On a GAAP basis, net income was $2.3 million, marking a turnaround from a net loss last year.

Business Progress:

• RADCOM introduced product enhancements tailored to 5G innovations, gaining recognition in the Best AI/ML Innovation category.

• The company secured a multi-year contract with a North American operator boosted by its acquisition of Continual, enhancing its analytics capabilities and integration with RADCOM's core assurance technology.

• Noteworthy client engagement included the ongoing relationship with Rakuten Mobile, highlighting RADCOM's vital role in supporting the operator to reach 8 million subscribers.

Opportunities:

• RADCOM's sales strategies highlight leveraging advanced AI to aid operators in reducing costs while improving efficiencies.

• An increase in automated and intelligent solutions demonstrates a strong market demand, aligning with RADCOM's capabilities and innovations.

Risks:

• The company describes prolonged and unpredictable sales processes as a factor in converting opportunities, indicating an ongoing challenge in consistent revenue realization.

• RADCOM noted market shifts towards voice over new radio technologies, presenting challenges in adopting new service requirements.

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