RADCOM Reports First Quarter 2023 Results
TEL AVIV, Israel, May 10, 2023 /PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM) announced financial results for the first quarter ended March 31, 2023.
- TEL AVIV, Israel, May 10, 2023 /PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM) announced financial results for the first quarter ended March 31, 2023.
- "We continued our strong momentum from 2022 into the first quarter of 2023 with a revenue increase of 13% compared to the same quarter last year, a fifteenth consecutive quarter of year-over-year growth.
- Mr. Harari continued, "We significantly improved our profitability this quarter, tripling our non-GAAP net income compared to the first quarter of 2022 and achieving a 15% non-GAAP net margin (5% on a GAAP basis).
- First quarter 2023 financial highlights:
Total revenues for the first quarter were $12.0 million, compared to $10.6 million in the first quarter of 2022.