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General

Radcom revenues down 62% to USD 4 mln in Q4

Tuesday 12 February 2019 | 17:07 CET | News
Radcom reported total revenues for Q4 2018 down 62 percent to USD 4 million. Net loss for the period was USD 4.1 million, or USD 0.30 loss per diluted share, down from a net income of USD 2.3 million, or USD 0.17 per diluted share in Q4 2017. As of 31 December, the company had cash, cash equivalents and short-term bank deposit of USD 62 million and no debt. The company said its results were affected by a slower than expected pace of NFV transformations but it continues to invest in R&D activities. Taking into account market conditions, it's currently providing revenue guidance of USD 28 - USD

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Categories: General
Companies: Radcom
Countries: World
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