Radcom Ltd. (NASDAQ:RDCM) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 08:00 am ET

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Radcom Ltd. (NASDAQ:RDCM) Q3 2019 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the RADCOM Ltd. Third Quarter 2019 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded and will be available for replay on the Company's website at www.radcom.com from November 7, 2019.

On the call today are Yaron Ravkaie, RADCOM's CEO; Eyal Harari, CEO of RADCOM North America; and Amir Hai, RADCOM's CFO. Please note that management has prepared a presentation for your reference that will be used during the call. If you have not downloaded it yet, you may do so through the link on the Investor section of RADCOM's website at www.radcom.com/investor-relations.

Before we begin, I would like to review the Safe Harbor provision. Forward-looking statements in the conference call involve a number of risks and uncertainties, including, but not limited to, the Company's statements about its 2019 revenue and other performance guidance, including statements that are anticipated gross margins, statements about the Company's strategy, growth, leadership position, opportunities and momentum, visibility, headcount and backlog. Statements about continued investment in research and development, and statements about the future of NFV, industry trends and the future market conditions, including 5G deployment and future plans of industry participants and customers.

The Company does not undertake to update forward-looking statements. The full Safe Harbor provisions, including risks that could cause actual results to differ from these forward-looking statements are outlined in the presentation and the Company's SEC filings.

In this conference call, management will be referring to certain non-GAAP financial measures, which are provided to enhance the user's overall understanding of the Company's financial performance. By excluding certain non-cash stock-based compensation expenses, non-GAAP results provide information that is useful in assessing RADCOM's core operating performance, and in evaluating and comparing our results of operations consistently from period to period.

The presentation of this additional information is not meant to be considered as substitute for the corresponding financial measures prepared in accordance with generally accepted accounting principles. Investors are encouraged to review the reconciliations of GAAP to non-GAAP financial measures, which are included in the quarter's earnings release, which is available on our website. I would like to repeat the information about the presentation. If you have not downloaded yet, you may do so through the link on the Investor section of RADCOM's website at www.radcom.com/investor-relations.

Now I would like to turn over the call to Yaron. Please go ahead.

Executive
Yaron Ravkaie

Thank you, operator, and thank you all for joining us today. By now, I assume you've seen the press release issued earlier today regarding upcoming changes to RADCOM's management.

As reported, effective January 1, 2020, I will transition from my role as CEO to the Company's Board of Directors. It's been nearly four years since I first joined RADCOM as CEO. During this time, the Company has grown and our technology has significantly advanced. During this period, we have established RADCOM as a world-leading provider of NFV service assurance and network intelligence solutions. We are now seeing the fruits of