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RADCOM Announces Financial Results For Second Quarter And First Six Months Of 2012

Stocks in this article: RDCM

Risks Regarding Forward-Looking Statements

Certain statements made herein that use words such as "estimate," "project," "intend," "expect," "'believe", "may", "might", "predict", "potential", "anticipate", "plan" or 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 that could cause the actual results, performance or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in the demand for 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 United States Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.

                               RADCOM Ltd.
                  Consolidated Statements of Operations
        (1000's of U.S. dollars, except share and per share data)
                                         Three months ended        Six months ended
                                                June 30,                 June 30,
                                          2012          2011         2012          2011
                                      (unaudited)   (unaudited)  (unaudited)   (unaudited)
     
    Sales                                 $ 3,424       $ 5,927      $ 9,038      $ 11,534
    Cost of sales                           1,489         1,645        3,263         3,204
    Gross profit                            1,935         4,282        5,775         8,330
    Research and development, gross         1,392         1,525        3,062         2,875
    Less - royalty-bearing participation      505           248          730           749
    Research and development, net             887         1,277        2,332         2,126
    Sales and marketing                     2,262         2,392        4,771         4,900
    General and administrative                493           589        1,012         1,201
    Total operating expenses                3,642         4,258        8,115         8,227
    Operating (loss) income               (1,707)            24      (2,340)           103
    Financing income (expenses), net        (104)            54        (176)            98
    Taxes on Income                             -             -        (120)             -
    Net (loss) income                   $ (1,811)          $ 78    $ (2,636)         $ 201
    Basic net (loss) income per 
     ordinary share                      $ (0.28)        $ 0.01     $ (0.41)        $ 0.03
    Diluted net (loss) income per 
     ordinary share                      $ (0.28)        $ 0.01     $ (0.41)        $ 0.03
    Weighted average number of
    ordinary shares used in
    computing basic net (loss) 
     income per ordinary share          6,444,221     6,368,553    6,434,617     6,348,529
    Weighted average number of
    ordinary shares used in
    computing diluted net (loss) 
     income per ordinary share          6,444,221     6,799,894    6,434,617     6,843,227

RADCOM Ltd.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION

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