Radcom Ltd. (NASDAQ:RDCM) Q4 2019 Earnings Conference Call - Final Transcript

Feb 13, 2020 • 08:00 am ET

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Radcom Ltd. (NASDAQ:RDCM) Q4 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. Results Conference Call for the Fourth Quarter and Full Year 2019. All participants are present in a listen-only mode. Following management's formal presentation, instructions will be given for the question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded and will be available for a replay from the Company's website at www.radcom.com from February 14, 2020.

On the call today are Eyal Harari, RADCOM's CEO; and Amir Hai, RADCOM's CFO. Please note that management's prepared the presentation for your reference that will be used during the call. If you have not download 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 several risks and uncertainties, including, but not limited to, the Company's statements about its 2020 revenue guidance, anticipated gross margins, intended expenditures in research and development, the Company's strategy, growth, leadership position, opportunities and momentum, visibility, headcount and backlog as well as statements about future market conditions and trends, including 5G pace of adoption, benefits and appointment and future plans of the 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 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 operation consistently from period-to-period. The presentation of this additional information is not meant to be considered a 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 Investors section of RADCOM's website at www.radcom.com/investor-relations.

Now, I'd like to turn the call over to Eyal. Please go ahead.

Executive
Eyal Harari

Thank you, operator, and thank you all for joining us today. Earlier this morning, we issued a press release, stating our results for the fourth quarter, full-year 2019.

As you may have seen, total revenue were $9 million for the fourth quarter of 2019, bringing our total revenue for the year to $33 million, which was at the high end of our 2019 revenue guidance. The solid end of the year reflects the progress made during 2018, in which we expanded our customer base into new markets by adding VimpelCom and Rakuten Mobile and maintained strong relationships with our