RADCOM Reports Preliminary Results for Q1 2006
April 03 2006 - 9:03AM
PR Newswire (US)
TEL-AVIV, Israel, April 3 /PRNewswire-FirstCall/ -- RADCOM Ltd.
(RADCOM) (NASDAQ:RDCM) today announced that it expects its revenues
for the first quarter of 2006 to range between $5.0 million and
$5.2 million, rather than the $6.3 million to $6.8 million forecast
previously. The shortfall reflects the timing of a major order from
an existing customer, which was originally scheduled for delivery
during the first quarter. The Company plans to publish its full
results for the quarter on Monday, April 24, 2006. Commenting on
the news, Arnon Toussia-Cohen, President and CEO of RADCOM, said,
"We are obviously disappointed to report a revenue shortfall for
the first quarter due primarily to a delay in the closing of a
large order from an existing customer. We received only part of the
expected order this quarter and we believe the remainder will be
placed in the next few months. As we have explained in the past,
the majority of our revenues now derive from a relatively small
number of sizeable orders, a model that lends itself to quarterly
fluctuations. As such, the timing of a single large order can have
a very significant effect, boosting quarterly results above
forecasts in the case of an earlier-than-expected closure, or
negatively impacting results in the case of a delay. "Nonethless,
we continue to progress according to our strategic plan and to win
new deals. We continue to see steady growth in demand in all our
markets. Although we expect to continue to experience quarterly
fluctuations from time to time, we are optimistic looking forward
and believe that we shall see growth in 2006 as a whole." A
teleconference will be held today, Monday, April 3, 2006, at 9:00
a.m. Eastern Daylight Time, to allow analysts and shareholders to
discuss the preliminary results with management. To participate,
please call 1-800-762-4717 from the U.S., or +1-480-629-9025 from
international locations, approximately five minutes before the call
is scheduled to begin. A replay of the call will be available from
10:45 AM Eastern Time on April 3rd until midnight April 5th. To
access the replay, please call 1-800-475-6701 from the U.S., or
+1-320-365-3844 from international locations, and use the access
code 825093. You can also listen to the conference call online at
http://www.radcom.com/. RADCOM develops, manufactures, markets and
supports innovative network test and service monitoring solutions
for communications service providers and equipment vendors. The
company specializes in Next Generation Cellular as well as Voice,
Data and Video over IP networks. Its solutions are used in the
development and installation of network equipment and in the
maintenance of operational networks. The company's products
facilitate fault management, network service performance monitoring
and analysis, troubleshooting and pre-mediation. For more
information, please visit http://www.radcom.com/. Risks Regarding
Forward Looking Statements Certain statements made herein that use
the words "estimate," "project," "intend," "expect", "believe" and
similar expressions are intended to identify forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual
results, performance or achievements of the Company to be
materially different from those which may be expressed or implied
by such statements, including, among others, changes in general
economic and business conditions and specifically, decline in
demand to the Company's products, inability to timely develop and
introduce new technologies, products and applications and loss of
market share and pressure on prices resulting from competition. For
additional information regarding these and other risks and
uncertainties associated with the Company's business, reference is
made to the Company's reports filed from time to time with the
Securities and Exchange Commission. The Company does not undertake
to update forward-looking statements. Contact: David Zigdon, CFO
+972-3-6455004 DATASOURCE: RADCOM LTD CONTACT: Contact: David
Zigdon, CFO, +972-3-6455004,
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