RADCOM Ltd. announced strong financial results for the fourth quarter and full year ended December 31, 2024, on February 12, 2025. The company achieved record-breaking full-year revenues of $61.009 million, up from $51.600 million in 2023, marking its fifth consecutive year of growth.
Full-year GAAP net income surged to $6.968 million, or $0.43 per diluted share, compared to $3.713 million, or $0.24 per diluted share, in 2023. Non-GAAP operating income for the full year reached $9.524 million, significantly higher than $5.741 million in the previous year.
RADCOM ended 2024 with a record cash and short-term deposits balance of $94.7 million, remaining completely debt-free. For the full year 2025, the company anticipates revenue growth of 12% to 15% year-over-year, with a midpoint of $69.2 million.
Separately, RADCOM announced on February 11, 2025, that its interactive conference call, originally scheduled to follow the Q4 and full-year 2024 results publication, would be postponed. This decision was made following the passing of CEO Benny Eppstein's father. The financial results were still released as planned on February 12, 2025.
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