RADCOM Reports First Quarter 2020 Results
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Radcom Ltd. (RDCM) Misses Q1 EPS by 7c, Revenues Beat; Reaffirms FY20 Revenue Mid-Point Guidance Above Consensus
May 12, 2020 7:06 AM EDTRadcom Ltd. (NASDAQ: RDCM) reported Q1 EPS of ($0.17), $0.07 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $8.3 million versus the consensus estimate of $8.01 million.
First Quarter 2020 Financial Highlights:
Revenues: Total revenues for the first quarter were $8.3 million, compared to $6.0 million in the first quarter of 2019.Net loss: GAAP net loss for the quarter decreased to $2.9 million, or $0.21 per diluted share, compared to a GAAP net loss of $3.1 million, or $0.23 per diluted share for the first quarter of 2019. Non-GAAP net loss: Non-GAAP net loss for... More