Record-Breaking Revenue and Growth
2024 was a record-breaking year for RADCOM with full-year revenue of $61 million, marking an 82% increase from 2023. Earnings per share surged by over 75% on a GAAP basis, and the company achieved the highest cash and short-term deposit balances in its history at $94.7 million, while remaining completely debt-free.
Significant Contract Wins
RADCOM secured a new multi-year contract with Norlys, the owner of Telia Denmark, replacing an incumbent assurance vendor. The company's integration with ServiceNow has helped secure a seven-figure, multi-year deal with a leading North American operator for RADCOM’s enhanced mobility experience analytics solution.
High Industry Recognition
RADCOM was named the winner of the Fierce Network Innovation Awards for Best Network Test and Measurement Solution, showcasing the company's innovative approach and contributions to improving customer experience.
Strong Financial Performance
Operating income grew by 65.9% in 2024. The company generated a positive cash flow of $12.5 million, ending the year with its highest cash balance. Gross margin for 2024 was 75%.
Strategic Partnerships and Expansion
RADCOM is collaborating with ServiceNow to integrate AI-driven solutions to enhance customer satisfaction and network efficiencies, and plans to expand its product offerings to mid-tier operators.