RADCOM Announces Preliminary Second Quarter 2006 Results
July 14 2006 - 10:02AM
PR Newswire (US)
TEL AVIV, Israel, July 14 /PRNewswire-FirstCall/ -- RADCOM Ltd.
(RADCOM) (NASDAQ and TASE: RDCM) today announced preliminary
financial results for the quarter ended June 30, 2006. Based on
preliminary results, RADCOM anticipates total revenues for the
second quarter of 2006 to be approximately $5.7 million, an
increase of 19% compared to $4.8 million recorded in the second
quarter of 2005, representing the Company's 11th straight quarter
of year-over-year revenue growth, and a sequential increase of 12%
compared to $5.1 million recorded in the first quarter of 2006.
This is a slight shortfall compared with the revenue range of $6.0
to $6.5 million that was forecast in the Q1 earnings release,
reflecting accounting policies relating to a multiple element
agreement that prevented the recognition of revenues associated
with an order shipped during the second quarter. The second
quarter's revenues do include the contribution of the major order
discussed in the first quarter earnings release that was delayed
from the first to the second quarter and taken into account in our
projections for the second quarter. Commenting on the news, Mr.
Arnon Toussia-Cohen, President and CEO, said, "Although our second
quarter revenues fell marginally short of our original projection,
we are pleased to continue building on an eleven-quarter record of
year-over-year revenue growth, a testament to the fact that we
continue to win new business and customers. We look forward to
reporting our full results and to giving you an update regarding
our markets and prospects during our conference call on July 24th."
RADCOM will report its full results for the second quarter of 2006
on Monday, July 24, 2006, before the opening of trade. RADCOM's
management will hold an interactive conference call on the same day
at 9:00 AM EDT (16:00 Israel Time) to discuss the results and to
answer investor questions. To participate, please call
1-877-209-0397 from the U.S., or +1-612-332-0819 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 July 24th until midnight July 31st. 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 836284. The conference call can also be accessed 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. RADCOM's shares
are listed on both the Nasdaq National Market and the Tel Aviv
Stock Exchange under the symbol RDCM. 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: Jonathan Burgin CFO
(+972)-3-645-5004 DATASOURCE: RADCOM Ltd CONTACT: Contact: Jonathan
Burgin, CFO, (+972)-3-645-5004,
Copyright