RADCOM Manages To Top Consensus In Q2, Reiterates FY21 Outlook

Loading...
Loading...
  • RADCOM Ltd. RDCM reported second-quarter FY21 revenue growth of 6.5% year-on-year to $9.756 million, marginally ahead of the analyst consensus of $9.70 million.
  • Margins: The non-GAAP gross margin contracted 164 bps to 75.1% as the costs expanded 15.1% Y/Y.
  • It noted a non-GAAP operating margin loss of (6.6)% as expenses increased 19.2% Y/Y.
  • Non-GAAP loss per share of $(0.02) beat the analyst consensus of $(0.04).
  • RADCOM held $64.9 million in cash and equivalents.
  • Outlook: RADCOM reiterated its FY21 revenue guidance of $39 million - $41 million compared to the analyst consensus of $39.6 million.
  • Price Action: RDCM shares closed higher by 0.67% at $10.85 on Thursday.
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...