Radcom Ltd. (NASDAQ:RDCM) Q2 2020 Earnings Conference Call - Final Transcript

Aug 11, 2020 • 08:00 am ET


Radcom Ltd. (NASDAQ:RDCM) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by. Welcome to the RADCOM Ltd. Results Conference Call for the Second Quarter of 2020. All participants are present in the 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 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 yet downloaded it, 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 other trends in the communication market and customers' level of investment in their networks, the Company's market position and leadership, the Company's execution of its commitment to existing and future customers and potential growth, the potential of the RADCOM's each product, the 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 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 it 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 over the call to Eyal. Please go ahead.

Eyal Harari

Thank you, operator, and thank you all for joining us today. Earlier this morning, we issued a press release, stating our second quarter results for 2020. We are pleased with our second quarter financial performance, which was in line with our full year growth plans as we increased revenue, continuing to invest in R&D and improved our bottom line. As you may have seen, total revenue for