Radcom Ltd. (RDCM) Misses Q1 EPS by 7c, Revenues Beat; Reaffirms FY20 Revenue Mid-Point Guidance Above Consensus

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Go back to Radcom Ltd. (RDCM) Misses Q1 EPS by 7c, Revenues Beat; Reaffirms FY20 Revenue Mid-Point Guidance Above Consensus

RADCOM Reports First Quarter 2020 Results

May 12, 2020 7:00 AM EDT

TEL AVIV, Israel, May 12, 2020 /PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM) today reported its financial results for the first quarter ended March 31, 2020.

Commenting on the results, Eyal Harari, RADCOM's CEO said:  "We are pleased with our progress this quarter as we continued to enhance our virtualized technology and deliver on our customer commitments without interruption, despite the spread of COVID-19. This progress included playing an important role in Rakuten Mobile's commercial launch of its greenfield, fully virtualized network in Japan last month.

"Our first-quarter revenues were in line with... More