Radcom Ltd. (NASDAQ:RDCM) Q1 2020 Earnings Conference Call - Final Transcript
May 12, 2020 • 09:00 am ET
Ladies and gentlemen, thank you for standing by. Welcome to the RADCOM Ltd. Results Conference Call for the First Quarter of 2020. [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 later today.
On the call are Eyal Harari, RADCOM's CEO; 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 Investors 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 investment in technology and R&D, the expected transition to and roll out of 5G networks and customer level of investments in their networks, the Company's market position and leadership, the company's execution of its commitment to existing and future customers and resiliency of the telecom market, Company's expectations to be well positioned to handle uncertainties and other impacts due to COVID-19, its revenue guidance and anticipated gross margins. 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 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 users' 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 it yet, you may do it through the link on the Investors section of RADCOM's website at www.radcom.com/investor-relations.
Now, I'd like to turn over the call to Eyal. Please go ahead.
Thank you, operator, and thank you all for joining us today. Earlier this morning, we issued a press release stating our first quarter results for 2020. We are pleased with our continued progress this quarter as we advance our virtualized technology and deliver on our customer commitments.
We played an important role in Rakuten Mobile commercial launch of its greenfield fully virtualized network in Japan last month despite the spread of COVID-19. As you may have seen, total revenue was $8.3 million for the first quarter 2020, which was in line with our expectations with little impact from COVID-19.
The global pandemic