Radcom Ltd. (NASDAQ: RDCM) reported Q4 EPS of ($0.27), $0.01 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $4 million versus the consensus estimate of $3.77 million.

Fourth Quarter 2018 Financial Highlights:

• Revenues: Total revenues for the fourth quarter were $4.0 million, down 62% compared to $10.6 million in the fourth quarter of 2017.
• Net Income (loss): GAAP net loss for the period was $4.1 million, or $0.30 per diluted share, compared to GAAP net income of $2.3 million, or $0.17 per diluted share for the fourth quarter of 2017.
• Non-GAAP Net Income (loss): Non-GAAP net loss for the period was $3.7 million, or $0.27 per diluted share, compared to non-GAAP net income of $2.7 million, or $0.21 per diluted share for the fourth quarter of 2017.
• Balance sheet: As of December 31, 2018, the Company had cash and cash equivalents of $62 million and no debt.

"During 2018, we delivered successfully on our project commitments while at the same time generating new opportunities," commented Mr. Yaron Ravkaie, RADCOM's CEO. "Although our results were affected by a slower than expected pace of NFV transformations, and while market conditions continue to affect our visibility into when operators will implement their NFV and 5G plans, we remain confident in the future of NFV and 5G and in our technological leadership, our solutions and strong industry recognition. As operators begin to roll out 5G networks, RADCOM is well positioned as a leading assurance player for NFV, which will be the foundation for 5G-ready cloud services. The Company continues to invest in R&D activities, supported by our healthy balance sheet, to push our innovative technology forward and continue meeting the needs of our leading customers. Taking into account market conditions, we are currently providing revenue guidance for 2019 of $28-$32 million."

For earnings history and earnings-related data on Radcom Ltd. (RDCM) click here.