Radcom Ltd. (NASDAQ: RDCM) reported Q4 EPS of ($0.04), $0.10 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $9 million versus the consensus estimate of $7.52 million.

Fourth Quarter 2019 Financial Highlights:

• Revenues: Total revenues for the fourth quarter were $9.0 million, compared to $4.0 million in the fourth quarter of 2018.
• Net loss: GAAP net loss for the quarter decreased to $1.1 million, or $0.08 per diluted share, compared to GAAP net loss of $4.1 million, or $0.30 per diluted share for the fourth quarter of 2018.
• Non-GAAP Net loss: Non-GAAP net loss for the period decreased to $0.5 million, or $0.04 per diluted share, compared to non-GAAP net loss of $3.7 million, or $0.27 per diluted share for the fourth quarter of 2018.
• Balance sheet: As of December 31, 2019, the Company had cash and cash equivalents and short-term bank deposits of $69.3 million and no debt.

"We concluded 2019 with a solid quarter, reaching the high end of our guidance and achieving full year revenue of $33 million. During the year, we expanded our client base into Japan and Russia and invested significantly in R&D to enhance our 5G solutions. This investment will allow us to innovate and deliver real value for operators looking to deploy assurance solutions at the early stages of 5G. We are already pursuing several opportunities for 5G implementations and expect more opportunities to develop as operators ramp up investment in 5G deployments during 2020," commented Eyal Harari, RADCOM's CEO.

"Our recent customer engagements align with our strategy of entering into multi-year contracts with recurring revenues and provide us with good visibility into the coming year. Considering our good visibility into 2020, we are providing annual revenue guidance of $35-$38 million."

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