UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the month of January 2024 (Report No. 2)
Commission
File Number: 0-29452
RADCOM
LTD.
(Translation
of registrant’s name into English)
24
Raoul Wallenberg Street, Tel Aviv 69719, Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form
20-F ☒ Form:40-F ☐
THE
GAAP FINANCIAL STATEMENTS INCLUDED IN EXHIBIT 99.1 TO THIS FORM 6-K OF THE REGISTRANT AND THE FIRST PARAGRAPH OF THE PRESS RELEASE ATTACHED
AS EXHIBIT 99.2 TO THIS FORM 6-K ARE HEREBY INCORPORATED BY REFERENCE INTO THE REGISTRANT’S REGISTRATION STATEMENTS ON FORM S-8
(REGISTRATION STATEMENT NOS. 333-190207, 333-195465, 333-203087, 333-211628, 333-215591, 333-260997, 333-270983 AND 333-276692),
AND SHALL BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FILED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY
FILED OR FURNISHED.
CONTENTS
This
report on Form 6-K of the registrant consists of the contents above and the following document, which is attached hereto and incorporated
by reference herein:
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
RADCOM LTD. |
| |
|
| Date: January 31, 2024 |
By: |
/s/ Hadar
Rahav |
| |
Name: |
Hadar Rahav |
| |
Title: |
Chief Financial Officer |
2
Exhibit 99.1
FOR IMMEDIATE RELEASE
RADCOM Delivers Strong Fourth Quarter and Record
Full Year 2023 Results with Revenue Growth and Accelerated Profitability
Fourth quarter revenue of $14.0 million, 14% year-over-year
growth, and full-year revenue of $51.6 million, 12% year-over-year growth.
Record fourth quarter of
$3.8 million non-GAAP net income and $10.2 million non-GAAP full year net income
TEL AVIV, Israel – January 31, 2024 − RADCOM Ltd. (Nasdaq:
RDCM) announced financial results for the full year, and the fourth quarter ended December 31, 2023.
Fourth Quarter 2023 Financial Highlights:
| ● | Total revenues for the fourth quarter were $14.0 million, compared
to $12.3 million in the fourth quarter of 2022, 14% year-over-year growth. |
| ● | GAAP net income for the fourth quarter was $2.6 million, or $0.17
per diluted share, compared to a GAAP net loss of $0.03 million, or $0.00 per diluted share, for the fourth quarter of 2022. |
| ● | Non-GAAP net income for the period was $3.8 million, or $0.25 per
diluted share, compared to a non-GAAP net income of $1.3 million, or $0.09 per diluted share, for the fourth quarter of 2022. |
| ● | As of December 31, 2023, the Company had cash and cash equivalents, short-term
bank deposits of $82.2 million, and no debt, ending the year with its highest cash levels. |
Full Year 2023 Financial Highlights:
| ● | Total revenues for the full year were $51.6 million, compared to $46.1
million for 2022. |
| ● | GAAP net income for the full year was $3.7 million, or $0.24 per diluted
share, compared to a GAAP net loss of $2.3 million, or $0.16 per diluted share, for 2022. |
| ● | Non-GAAP net income for the full year amounted to $10.2 million, or
$0.67 per diluted share, compared to a non-GAAP net income of $2.9 million, or $0.19 per diluted share for the full year 2022. |
Management Comments:
Eyal Harari, RADCOM’s Chief Executive Officer, commented on the
results: “2023 was an exceptional, record year for RADCOM, continuing the last four years of growth momentum. We achieved a fourth
consecutive year of growth with record revenue of $51.6 million, representing 12% growth year-over-year.
“We crossed the $50 million annual revenue threshold and scaled
up to a mid-size software company for the first time. At the same time, we continued our path to sustained profitability, achieving a
record net income for 2023 of $10.2 million on a non-GAAP basis, while our positive cash flow also reached a milestone totaling $82.2
million, with no debt.
“Recently, we proudly announced our position as one of the first
assurance vendors to harness the power of GenAI for real-time and efficient management of 5G networks. Our market-leading solutions thoughtfully
align with operators’ needs, providing a unique technology to address critical network challenges. This underscores the significance of
our industry-leading solutions in the rapidly expanding 5G market. We are confident that our offerings will drive sustained growth.
Mr. Harari concluded, “Our record results and positive momentum
demonstrate the value of our advanced technology and the strength of our business model. Looking at 2024, thanks to our strong execution
and current visibility, we are confident in delivering a fifth consecutive year of revenue growth and increasing our profitability. Our
full-year 2024 revenue guidance is $56 - $60 million.”
Earnings Conference Call
RADCOM’s management will hold an interactive
conference call today at 8:00 am Eastern Time (3:00 pm Israel Standard Time) to discuss the results and 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): +1-866-652-8972 or +1-888-281-1167
From other locations: +972-3-918-0644
For those unable to listen, a conference call replay will be available
a few hours later in the investor relations section on the Company’s website at https://radcom.com/investor-relations/.
###
For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
917-607-8654
msegal@ms-ir.com
Company Contact:
Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com
About RADCOM
RADCOM (Nasdaq: RDCM) is the leading expert in 5G ready cloud-native,
network intelligence solutions for telecom operators transitioning to 5G. RADCOM Network Intelligence consists of RADCOM Network Visibility,
RADCOM Service Assurance, and RADCOM Network Insights. The RADCOM Network Intelligence suite offers intelligent, container-based, on-demand
solutions to deliver network analysis from the RAN to the core for 5G assurance. Utilizing automated and dynamic solutions with smart
minimal data collection and on-demand troubleshooting, and cutting-edge techniques based on machine learning, these solutions work in
harmony to provide operators with an understanding of the entire customer experience and allow them to troubleshoot network performance
from a high to granular level while reducing storage costs and cloud resource utilization. For more information on how to RADCOMize your
network today, please visit www.radcom.com, the content of which does not form a part of this press release.
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, financial income
(expenses), acquisition-related expenses, and amortization of intangible assets related to acquisitions, 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,” “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 full-year
2024 revenue guidance and expectations regarding its growth, including sustainable, profitable growth, momentum, and the potential of
GenAI, it uses forward-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 demand for
the Company’s products, inability to timely develop and introduce new technologies, products, and applications, loss of market share and
pressure on prices resulting from competition and the effects of the war in Israel. 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
Unaudited
(thousands of U.S. dollars, except share and per share data)
| | |
Three months ended
December 31, | | |
Twelve months ended
December 31, | |
| | |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| Revenues | |
$ | 14,010 | | |
$ | 12,289 | | |
$ | 51,600 | | |
$ | 46,051 | |
| Cost of revenues | |
| 3,435 | | |
| 3,391 | | |
| 13,773 | | |
| 12,714 | |
| Gross profit | |
| 10,575 | | |
| 8,898 | | |
| 37,827 | | |
| 33,337 | |
| Research and development, gross | |
| 4,327 | | |
| 5,290 | | |
| 19,575 | | |
| 21,483 | |
| Less - royalty-bearing participation | |
| 190 | | |
| 160 | | |
| 736 | | |
| 762 | |
| Research and development, net | |
| 4,137 | | |
| 5,130 | | |
| 18,839 | | |
| 20,721 | |
| Sales and marketing | |
| 3,720 | | |
| 3,281 | | |
| 14,592 | | |
| 12,270 | |
| General and administrative | |
| 1,297 | | |
| 1,225 | | |
| 5,058 | | |
| 4,460 | |
| Total operating expenses | |
| 9,154 | | |
| 9,636 | | |
| 38,489 | | |
| 37,451 | |
| Operating income (loss) | |
| 1,421 | | |
| (738 | ) | |
| (662 | ) | |
| (4,114 | ) |
| Financial income, net | |
| 1,248 | | |
| 751 | | |
| 4,557 | | |
| 2,016 | |
| Income (loss) before taxes on income | |
| 2,669 | | |
| 13 | | |
| 3,895 | | |
| (2,098 | ) |
| Taxes on income | |
| (77 | ) | |
| (39 | ) | |
| (182 | ) | |
| (159 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net income (loss) | |
$ | 2,592 | | |
$ | (26 | ) | |
$ | 3,713 | | |
$ | (2,257 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Basic net income (loss) per ordinary share | |
$ | 0.17 | | |
$ | (0.00 | ) | |
$ | 0.25 | | |
$ | (0.16 | ) |
| Diluted net income (loss) per ordinary share | |
$ | 0.17 | | |
$ | (0.00 | ) | |
$ | 0.24 | | |
$ | (0.16 | ) |
| Weighted average number of ordinary shares used in computing basic net income (loss) per ordinary share | |
| 15,291,917 | | |
| 14,717,096 | | |
| 15,098,642 | | |
| 14,525,449 | |
| Weighted average number of ordinary shares used in computing diluted net income (loss) per ordinary share | |
| 15,446,177 | | |
| 14,717,096 | | |
| 15,297,947 | | |
| 14,525,449 | |
RADCOM LTD.
Reconciliation of GAAP to Non-GAAP
Financial Information
Unaudited
(thousands of U.S. dollars, except share
and per share data)
| | |
Three months ended
December 31, | | |
Twelve months ended
December 31, | |
| | |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| GAAP gross profit | |
$ | 10,575 | | |
$ | 8,898 | | |
$ | 37,827 | | |
$ | 33,337 | |
| Stock-based compensation | |
| 71 | | |
| 100 | | |
| 441 | | |
| 392 | |
| Amortization of intangible assets | |
| 57 | | |
| - | | |
| 151 | | |
| - | |
| Non-GAAP gross profit | |
$ | 10,703 | | |
$ | 8,998 | | |
$ | 38,419 | | |
$ | 33,729 | |
| | |
| | | |
| | | |
| | | |
| | |
| GAAP research and development, net | |
$ | 4,137 | | |
$ | 5,130 | | |
$ | 18,839 | | |
$ | 20,721 | |
| Stock-based compensation | |
| 424 | | |
| 602 | | |
| 2,690 | | |
| 2,497 | |
| Non-GAAP research and development, net | |
$ | 3,713 | | |
$ | 4,528 | | |
$ | 16,149 | | |
$ | 18,224 | |
| | |
| | | |
| | | |
| | | |
| | |
| GAAP sales and marketing | |
$ | 3,720 | | |
$ | 3,281 | | |
$ | 14,592 | | |
$ | 12,270 | |
| Stock-based compensation | |
| 370 | | |
| 361 | | |
| 1,820 | | |
| 1,387 | |
| Amortization of intangible assets | |
| 29 | | |
| - | | |
| 77 | | |
| - | |
| Non-GAAP sales and marketing | |
$ | 3,321 | | |
$ | 2,920 | | |
$ | 12,695 | | |
$ | 10,883 | |
| | |
| | | |
| | | |
| | | |
| | |
| GAAP general and administrative | |
$ | 1,297 | | |
$ | 1,225 | | |
$ | 5,058 | | |
$ | 4,460 | |
| Stock-based compensation | |
| 319 | | |
| 283 | | |
| 1,169 | | |
| 895 | |
| Acquisition related expenses | |
| - | | |
| - | | |
| 56 | | |
| - | |
| Non-GAAP general and administrative | |
$ | 978 | | |
$ | 942 | | |
$ | 3,833 | | |
$ | 3,565 | |
| | |
| | | |
| | | |
| | | |
| | |
| GAAP total operating expenses | |
$ | 9,154 | | |
$ | 9,636 | | |
$ | 38,489 | | |
$ | 37,451 | |
| Stock-based compensation | |
| 1,113 | | |
| 1,246 | | |
| 5,678 | | |
| 4,779 | |
| Amortization of intangible assets | |
| 29 | | |
| - | | |
| 77 | | |
| - | |
| Acquisition related expenses | |
| - | | |
| - | | |
| 56 | | |
| - | |
| Non-GAAP total operating expenses | |
$ | 8,012 | | |
$ | 8,390 | | |
$ | 32,678 | | |
$ | 32,672 | |
| | |
| | | |
| | | |
| | | |
| | |
| GAAP operating income (loss) | |
$ | 1,421 | | |
$ | (738 | ) | |
$ | (662 | ) | |
$ | (4,114 | ) |
| Stock-based compensation | |
| 1,184 | | |
| 1,346 | | |
| 6,119 | | |
| 5,171 | |
| Amortization of intangible assets | |
| 86 | | |
| - | | |
| 228 | | |
| - | |
| Acquisition related expenses | |
| - | | |
| - | | |
| 56 | | |
| - | |
| Non-GAAP operating income | |
$ | 2,691 | | |
$ | 608 | | |
$ | 5,741 | | |
$ | 1,057 | |
RADCOM LTD.
Reconciliation of GAAP to Non-GAAP
Financial Information
Unaudited
(thousands of U.S. dollars, except share
and per share data)
| | |
Three months ended
December 31, | | |
Twelve months ended
December 31, | |
| | |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| GAAP income (loss) before taxes on income | |
$ | 2,669 | | |
$ | 13 | | |
$ | 3,895 | | |
$ | (2,098 | ) |
| Stock-based compensation | |
| 1,184 | | |
| 1,346 | | |
| 6,119 | | |
| 5,171 | |
| Amortization of intangible assets | |
| 86 | | |
| - | | |
| 228 | | |
| - | |
| Acquisition related expenses | |
| - | | |
| - | | |
| 56 | | |
| - | |
| Financial (income) expenses | |
| (15 | ) | |
| - | | |
| 60 | | |
| - | |
| Non-GAAP income before taxes on income | |
$ | 3,924 | | |
$ | 1,359 | | |
$ | 10,358 | | |
$ | 3,073 | |
| | |
| | | |
| | | |
| | | |
| | |
| GAAP net income (loss) | |
$ | 2,592 | | |
$ | (26 | ) | |
$ | 3,713 | | |
$ | (2,257 | ) |
| Stock-based compensation | |
| 1,184 | | |
| 1,346 | | |
| 6,119 | | |
| 5,171 | |
| Amortization of intangible assets | |
| 86 | | |
| - | | |
| 228 | | |
| - | |
| Acquisition related expenses | |
| - | | |
| - | | |
| 56 | | |
| - | |
| Financial (income) expenses | |
| (15 | ) | |
| - | | |
| 60 | | |
| - | |
| Non-GAAP net income | |
$ | 3,847 | | |
$ | 1,320 | | |
$ | 10,176 | | |
$ | 2,914 | |
| | |
| | | |
| | | |
| | | |
| | |
| GAAP net income (loss) per diluted share | |
$ | 0.17 | | |
$ | (0.00 | ) | |
$ | 0.24 | | |
$ | (0.16 | ) |
| Stock-based compensation | |
| 0.08 | | |
| 0.09 | | |
| 0.43 | | |
| 0.35 | |
| Amortization of intangible assets | |
| (* | ) | |
| - | | |
| (* | ) | |
| - | |
| Acquisition related expenses | |
| (* | ) | |
| - | | |
| (* | ) | |
| - | |
| Non-GAAP net income per diluted share | |
$ | 0.25 | | |
$ | 0.09 | | |
$ | 0.67 | | |
$ | 0.19 | |
| Weighted average number of shares used to compute diluted net income (loss) per share | |
| 15,446,177 | | |
| 15,329,035 | | |
| 15,297,947 | | |
| 14,997,667 | |
RADCOM Ltd.
Consolidated Balance Sheets
Unaudited
(thousands of U.S. dollars)
| | |
As of | | |
As of | |
| | |
December 31, 2023 | | |
December 31, 2022 | |
| Current Assets | |
| | |
| |
| Cash and cash equivalents | |
$ | 10,892 | | |
$ | 9,527 | |
| Short-term bank deposits | |
| 71,273 | | |
| 64,130 | |
| Trade receivables, net | |
| 13,412 | | |
| 11,074 | |
| Inventories | |
| 246 | | |
| 795 | |
| Other accounts receivable and prepaid expenses | |
| 1,592 | | |
| 1,928 | |
| Total Current Assets | |
| 97,415 | | |
| 87,454 | |
| | |
| | | |
| | |
| Non-Current Assets | |
| | | |
| | |
| Long-term bank deposits | |
| - | | |
| 4,002 | |
| Severance pay fund | |
| 3,142 | | |
| 3,524 | |
| Other long-term receivables | |
| 1,573 | | |
| 2,557 | |
| Property and equipment, net | |
| 798 | | |
| 1,010 | |
| Operating lease right-of-use assets | |
| 1,651 | | |
| 2,457 | |
| Goodwill and intangible assets, net | |
| 2,950 | | |
| - | |
| Total Non-Current Assets | |
| 10,114 | | |
| 13,550 | |
| | |
| | | |
| | |
| Total Assets | |
$ | 107,529 | | |
$ | 101,004 | |
| | |
| | | |
| | |
| Liabilities and Shareholders’ Equity | |
| | | |
| | |
| | |
| | | |
| | |
| Current Liabilities | |
| | | |
| | |
| Trade payables | |
$ | 2,640 | | |
$ | 2,708 | |
| Deferred revenues and advances from customers | |
| 1,469 | | |
| 7,037 | |
| Employee and payroll accruals | |
| 5,400 | | |
| 5,198 | |
| Operating lease liabilities | |
| 1,062 | | |
| 1,024 | |
| Other liabilities and accrued expenses | |
| 9,540 | | |
| 6,829 | |
Total Current Liabilities | |
| 20,111 | | |
| 22,796 | |
| | |
| | | |
| | |
| Non-Current Liabilities | |
| | | |
| | |
| Accrued severance pay | |
| 3,728 | | |
| 3,973 | |
| Operating lease liabilities | |
| 561 | | |
| 1,452 | |
| Other liabilities and accrued expenses | |
| 638 | | |
| - | |
| Total Non-Current Liabilities | |
| 4,927 | | |
| 5,425 | |
| | |
| | | |
| | |
| Total Liabilities | |
$ | 25,038 | | |
$ | 28,221 | |
| | |
| | | |
| | |
| Shareholders’ Equity | |
| | | |
| | |
| Share capital | |
$ | 736 | | |
$ | 706 | |
| Additional paid-in capital | |
| 154,697 | | |
| 148,610 | |
| Accumulated other comprehensive loss | |
| (3,030 | ) | |
| (2,908 | ) |
| Accumulated deficit | |
| (69,912 | ) | |
| (73,625 | ) |
| Total Shareholders’ Equity | |
| 82,491 | | |
| 72,783 | |
Total Liabilities and Shareholders’ Equity | |
$ | 107,529 | | |
$ | 101,004 | |
7
Exhibit 99.2
FOR IMMEDIATE RELEASE
RADCOM Appoints Guy Shemesh as its new CEO
to Succeed Eyal Harari
TEL AVIV, Israel – January 31, 2024 − RADCOM Ltd. (Nasdaq:
RDCM) today announced that Eyal Harari, RADCOM’s Chief Executive Officer (CEO) since 2020, is retiring from his position at
RADCOM and Guy Shemesh, formerly Vice President of Business Applications and General Manager, Vice President Cloud Business Unit at Nokia,
will start his role as CEO on February 14, 2024.
Eyal Harari, RADCOM’s outgoing CEO, commented, “After
over 20 years in various leadership roles within the company, including four years as CEO, leading the company through 16 consecutive
revenue growth quarters, driving increased profitability, while establishing a robust recurring revenue business model as a software
company, RADCOM is well positioned for a change in leadership. Now, it is the right time to move on to the next challenge and entrust
the leadership to my successor. I will support Guy Shemesh and serve as an advisor to ensure a seamless transition.”
Guy Shemesh is a seasoned telecom executive with over 20 years of experience
selling to tier-1 operators in the global telecom market. Guy Shemesh co-founded and later led Nokia’s CloudBand Business Unit,
leading the sales of Nokia’s CloudBand Software Platform to multiple operators worldwide since 2011. Guy Shemesh has deep domain
knowledge of building innovative software platforms that are the cornerstone of 5G networks. As Vice President at Nokia, he was responsible
for selling and developing a comprehensive software products portfolio, CloudBand, assurance, monetization, AI/analytics, and more. His
knowledge, experience, and skill set align with RADCOM’s cloud-based product strategy and vision.
Guy Shemesh commented, “I am delighted to join RADCOM, a fast-growing
company with tremendous potential and innovative market-leading technology. I will leverage this tremendous potential to accelerate global
sales and enhance customer value. As a company that prioritizes innovation, works closely with operators, and constantly invests in R&D,
RADCOM is uniquely positioned to capitalize on the 5G transformation through its cloud-based technologies, empowered by Generative Artificial
Intelligence (GenAI). I am thoroughly impressed with the passionate team, their mission, personal commitment, and RADCOM’s culture
and values. I believe this approach will drive revenue growth and expand our market share in the telco space.”
Ms. Heli (Rachel) Bennun, RADCOM’s Executive Chairman of the
Board, commented, “I would like to express the Board’s sincere thanks and appreciation to Eyal Harari for his long-term leadership
at RADCOM and especially his last four years in his role as CEO that has fueled the company’s successful growth, and driven the
company to be a strong, profitable company. We are grateful for his leadership and dedicated service and wish him well in his future
endeavors.”
“We are excited to welcome Guy Shemesh as RADCOM’s new
CEO, a seasoned telecom executive with vast experience selling to tier-1 operators, and established relationships with top-level industry
executives around the globe.
“With a proven track record in selling to telcos as an expert
in cloud technologies, we have complete confidence in Guy’s ability to accelerate RADCOM’s growth. We believe Guy has the
sales experience in the telco domain and the industry knowledge the company needs to scale its growth and profitability to the next level.”
###
For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
917-607-8654
msegal@ms-ir.com
Company Contact:
Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com
About RADCOM
RADCOM (Nasdaq: RDCM) is the leading expert in
5G ready cloud-native network intelligence solutions for telecom operators transitioning to 5G. RADCOM Network Intelligence consists
of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The RADCOM Network Intelligence suite offers intelligent,
container-based, on-demand solutions to deliver network analysis from the RAN to the core for 5G assurance. Utilizing automated and dynamic
solutions with smart minimal data collection and on-demand troubleshooting, and cutting-edge techniques based on machine learning, these
solutions work in harmony to provide operators with an understanding of the entire customer experience and allow them to troubleshoot
network performance from a high to granular level while reducing storage costs and cloud resource utilization. For more information on
how to RADCOMize your network today, please visit www.radcom.com, the content of which does not form a part of this press release.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use the words
“estimate,” “project,” “intend,” “expect,” “believe” and similar expressions
are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For example,
when RADCOM discusses its potential, innovative and market leading technology, the role of GenAI and cloud based technologies in the
company’s potential success and enhancing global sales, profitability and customer value it uses forward-looking statements. These
forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance or achievements
of RADCOM 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 RADCOM’s products, inability to timely
develop and introduce new technologies, products and applications, loss of market share and pressure on prices resulting from competition
and the effects of the war in Israel. For additional information regarding these and other risks and uncertainties associated with RADCOM’s
business, reference is made to RADCOM’s reports filed from time to time with the United States Securities and Exchange Commission.
RADCOM does not undertake to revise or update any forward-looking statements for any reason.
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