RDCM 2.18
The link wouldn't post so here it is
RADCOM Reports Q2 2005 Results
Monday July 25, 6:42 am ET
Another Profitable Quarter With 46% YOY Revenue Growth
Guidance: Continued Strong Growth in Q3 2005
TEL-AVIV, Israel, July 25 /PRNewswire-FirstCall/ -- RADCOM Ltd. (RADCOM) (NASDAQ: RDCM - News) today announced unaudited financial results for the second quarter and six months ended June 30, 2005.
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Financial Results
Revenues for the second quarter of 2005 were $4,837,000, an increase of 46% compared to $3,318,000 in the second quarter of 2004. Net income for the second quarter of 2005 was $103,000, or $0.01 per ordinary share, compared to a net loss of ($675,000), or ($0.05) per ordinary share, for the second quarter of 2004.
Revenues for the first half of 2005 were $9,854,000, an increase of 44% compared to $6,822,000 for the first half of 2004. Net income for the first six months of 2005 was $237,000, or $0.02 per ordinary share, compared to a net loss of ($1,251,000), or ($0.10) per ordinary share, for the first six months of 2004.
Comments of Management
Commenting on the results, Arnon Toussia-Cohen, President and CEO of RADCOM, said, "As projected, the second quarter was another profitable period of strong year-over-year revenue growth, a demonstration of our success in penetrating cellular and VoIP service providers as well as steady demand from equipment vendors. We have been working on a number of large multi-quarter deals with top-tier service providers in both Europe and the U.S., and have visibility for a sequential increase in revenues and profits during the second half of the year.
"We are pleased with the pace of development of our US business, and our team in China is working according to schedule. In parallel, to extend our market leadership, we are working on new products that leverage our unique product platform to address the test and monitoring needs of emerging triple-play and next-generation convergence equipment vendors and service providers. Overall, we are operating on track according to our plans and are optimistic looking forward."
Guidance
The following statement is forward-looking in nature, and actual results may differ materially. See below under "Risks Regarding Forward Looking Statements".
Revenues for the third quarter of 2005 are expected to be between $5.3 million and $5.8 million. |
