Radcom Ltd 6-K, filed Aug 13, 2025
Radcom Ltd (RDCM)
About this 6-K
Radcom Ltd filed this 6-K on August 13, 2025.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of August 2025
Commission File Number: 0-29452
RADCOM LTD.
(Translation of registrant’s name into English)
24 Raoul Wallenberg Street, Tel Aviv 69719, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form:40-F ☐
THE GAAP FINANCIAL STATEMENTS INCLUDED IN EXHIBIT 99.1 TO THIS FORM 6-K OF THE REGISTRANT ARE HEREBY INCORPORATED BY REFERENCE INTO THE REGISTRANT’S REGISTRATION STATEMENTS ON FORM S-8 (REGISTRATION STATEMENT NOS. 333-190207, 333-195465, 333-203087, 333-211628, 333-215591, 333-260997, 333-270983 AND 333-276692), AND SHALL BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FILED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
CONTENTS
This report on Form 6-K of the registrant consists of the contents above and the following document, which is attached hereto and incorporated by reference herein:
| Exhibit 99.1 | Press release, dated August 13, 2025, reporting the Registrant’s Second Quarter of 2025 Results |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| RADCOM LTD. | ||
| Date: August 13, 2025 | By: | /s/ Hadar Rahav |
| Name: | Hadar Rahav | |
| Title: | Chief Financial Officer | |
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Exhibit 99.1
 |
News |
FOR IMMEDIATE RELEASE
RADCOM Delivers 19% YoY Revenue Growth and Margin Expansion in the Second Quarter of 2025
Continued Growth and Improved Profitability Reinforce Full-Year Outlook
Tel Aviv, Israel – August 13, 2025 – RADCOM Ltd (Nasdaq: RDCM) announced today its financial results for the second quarter of 2025 and for the six-month period ended June 30, 2025.
Benny Eppstein, Chief Executive Officer, said, “RADCOM continues to deliver strong results with 19.3% year-over-year revenue growth in the second quarter. We also reported solid profitability and cash generation, ending the quarter with more than $100 million in cash and no debt. This momentum reflects the market’s growing demand for intelligent, automated network assurance solutions and our ability to consistently execute our long-term strategy. We’re gaining strong traction across key accounts, driven by our differentiated technology, including new agentic AI capabilities and our evolving strategic partnerships.
We remain confident in our full-year guidance of 15%-18% revenue growth. This outlook is supported by healthy customer engagement, and ongoing market shifts toward intelligent, automated, real-time assurance.”
Second Quarter 2025 Financial Highlights:
| ● | Total revenues for the second quarter of 2025 were $17.7 million, compared to $14.8 million in the second quarter of 2024, or 19.3% year-over-year growth. |
| ● | GAAP operating income for the second quarter of 2025 was $1.7 million, or 9.9% of revenue, compared to an operating income of $0.9 million or 5.9% of revenue for the second quarter of 2024. |
| ● | Non-GAAP operating income for the second quarter of 2025 was $3.4 million, or 19.5% of revenue, compared to non-GAAP operating income of $2.3 million, or 15.4% of revenue, for the second quarter of 2024. |
| ● | GAAP net income for the second quarter of 2025 was $2.4 million, or $0.15 per diluted share, compared to GAAP net income of $1.7 million, or $0.11 per diluted share, for the second quarter of 2024. |
| ● | Non-GAAP net income for the second quarter of 2025 was $4.2 million, or $0.25 per diluted share, compared to non-GAAP net income of $3.1 million, or $0.20 per diluted share, for the second quarter of 2024. |
| ● | $2.6 million of positive cash flow in the second quarter of 2025. As of June 30, 2025, the company had cash and cash equivalents and short-term bank deposits of $101.6 million, and no debt, ending the second quarter with its highest ever cash levels. |
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First Six Months 2025 Financial Highlights:
| ● | Total revenues for the first six months of 2025 were $34.2 million, compared to $28.9 million in the first six months of 2024, or 18.4% year-over-year growth. |
| ● | GAAP operating income for the first six months of 2025 was $3.2 million, or 9.4% of revenue, compared to operating income of $0.6 million, or 2.0% of revenue, for the first six months of 2024. |
| ● | Non-GAAP operating income for the first six months of 2025 was $6.6 million, or 19.2% of revenue, compared to non-GAAP operating income of $4.0 million, or 13.9% of revenue, for the first six months of 2024. |
| ● | GAAP net income for the first six months of 2025 was $4.9 million, or $0.29 per diluted share, compared to GAAP net income of $2.5 million, or $0.16 per diluted share, for the first six months of 2024. |
| ● | Non-GAAP net income for the first six months of 2025 was $8.3 million, or $0.50 per diluted share, compared to non-GAAP net income of $6.0 million, or $0.38 per diluted share, for the first six months of 2024. |
Outlook
RADCOM reaffirms its full-year 2025 revenue guidance, anticipating year-over-year growth of 15% to 18%, with a midpoint of $71.1 million.
Conference Call and Webinar
RADCOM’s management will host an interactive conference call today, Wednesday, August 13, 2025, at 8:00 AM Eastern Time (3:00 PM Israel Standard Time) to discuss the results and answer participants’ questions.
| ● | By phone: Dial in at least 5 minutes before the call begins. A replay will be available later the same day at https://radcom.com/financial-information/. |
| ○ | From the US (toll-free): +1-866-652-8972 |
| ○ | From other locations: +972-3-918-0609 |
| ● | By webinar: Join the audio webinar at https://www.veidan-conferencing.com/radcom. Please log in at least 10 minutes before the start time to complete registration and install any required software. A replay will be available at the same link for 90 days after the event. |
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For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
msegal@ms-ir.com
Company Contact:
Hadar
Rahav
CFO
Hadar.Rahav@radcom.com
About RADCOM
RADCOM (Nasdaq: RDCM) is a leading provider of advanced, intelligent assurance solutions with integrated AI Operations (AIOps) capabilities. Its flagship platform, RADCOM ACE, harnesses AI-driven analytics and generative AI (GenAI) to improve customer experiences. From lab testing to full-scale deployment, RADCOM utilizes cutting-edge networking technologies to capture and analyze real-time data. Its advanced 5G portfolio delivers end-to-end network observability—from the radio access network (RAN) to the core.
Designed to be open, vendor-neutral, and cloud-agnostic, RADCOM’s solutions drive next-generation network automation, optimization, and efficiency. By leveraging AI-powered intelligence, RADCOM reduces operational costs, enables predictive customer insights, and seamlessly integrates with business support systems (BSS), operations support systems (OSS), and service management platforms. Offering a complete, real-time view of mobile and fixed networks. Through powerful, data-driven analytics, RADCOM empowers telecom operators to ensure exceptional service quality, enhance user experiences, and build customer-centric networks.
Non-GAAP Information
Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the reader’s overall understanding of the Company’s financial performance. By excluding non-cash stock-based compensation that has been expensed in accordance with ASC Topic 718, financial income (expenses) related to acquisitions, and amortization of intangible assets related to acquisitions, the Company’s non-GAAP results provide information to both management and investors that is useful in assessing the Company’s core operating performance and in evaluating and comparing the Company’s results of operations on a consistent basis from period to period. These non-GAAP financial measures are also used by management to evaluate financial results and to plan and forecast future periods. The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with GAAP.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use words such as “estimate,” “project,” “intend,” “expect,” “‘believe,” “may,” “might,” “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 and other securities laws. For example, when the Company discusses its full-year 2025 revenue guidance, the momentum in the Company’s business, demand for the Company’s products and services and its ability to consistently execute its strategy, traction of the Company’s technology and in particular AI capabilities, the Company’s relationships with strategic partnerships and continued market shifts, it is using forward-looking statements. 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 demand for the Company’s products, inability to timely develop and introduce new technologies, products, and applications, loss of market share and pressure on prices resulting from competition and the effects of the war in Israel. 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 U.S. Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.
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RADCOM LTD.
Consolidated Statements of Operations
Unaudited
(thousands of U.S. dollars, except share and per share data)
| Three months ended June 30, | Six months ended June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenues | $ | 17,658 | $ | 14,801 | $ | 34,249 | $ | 28,924 | ||||||||
| Cost of revenues | 4,367 | 3,794 | 8,459 | 7,545 | ||||||||||||
| Gross profit | 13,291 | 11,007 | 25,790 | 21,379 | ||||||||||||
| Research and development, gross | 4,964 | 4,621 | 9,713 | 9,214 | ||||||||||||
| Less - royalty-bearing participation | - | 180 | 25 | 389 | ||||||||||||
| Research and development, net | 4,964 | 4,441 | 9,688 | 8,825 | ||||||||||||
| Sales and marketing | 4,936 | 4,325 | 9,800 | 8,610 | ||||||||||||
| General and administrative | 1,651 | 1,361 | 3,100 | 3,374 | ||||||||||||
| Total operating expenses | 11,551 | 10,127 | 22,588 | 20,809 | ||||||||||||
| Operating income | 1,740 | 880 | 3,202 | 570 | ||||||||||||
| Financial income, net | 793 | 854 | 1,913 | 1,959 | ||||||||||||
| Income before taxes on income | 2,533 | 1,734 | 5,115 | 2,529 | ||||||||||||
| Taxes on income | 95 | 27 | 237 | 60 | ||||||||||||
| Net income | $ | 2,438 | $ | 1,707 | $ | 4,878 | $ | 2,469 | ||||||||
| Basic net income per ordinary share | $ | 0.15 | $ | 0.11 | $ | 0.30 | $ | 0.16 | ||||||||
| Diluted net income per ordinary share | $ | 0.15 | $ | 0.11 | $ | 0.29 | $ | 0.16 | ||||||||
| Weighted average number of ordinary shares used in computing basic net income per ordinary share | 16,176,162 | 15,608,402 | 16,095,140 | 15,517,958 | ||||||||||||
| Weighted average number of ordinary shares used in computing diluted net income per ordinary share | 16,711,789 | 15,978,799 | 16,686,397 | 15,922,855 | ||||||||||||
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RADCOM LTD.
Consolidated Statements of Operations
Unaudited
(thousands of U.S. dollars, except share and per share data)
| Three months ended June 30, | Six months ended June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| GAAP gross profit | $ | 13,291 | $ | 11,007 | $ | 25,790 | $ | 21,379 | ||||||||
| Stock-based compensation | 100 | 99 | 199 | 183 | ||||||||||||
| Amortization of intangible assets | 56 | 56 | 111 | 112 | ||||||||||||
| Non-GAAP gross profit | $ | 13,447 | $ | 11,162 | $ | 26,100 | $ | 21,674 | ||||||||
| GAAP research and development, net | $ | 4,964 | $ | 4,441 | $ | 9,688 | $ | 8,825 | ||||||||
| Stock-based compensation | 428 | 525 | 887 | 1,062 | ||||||||||||
| Non-GAAP research and development, net | $ | 4,536 | $ | 3,916 | $ | 8,801 | $ | 7,763 | ||||||||
| GAAP sales and marketing | $ | 4,936 | $ | 4,325 | $ | 9,800 | $ | 8,610 | ||||||||
| Stock-based compensation | 583 | 485 | 1,205 | 989 | ||||||||||||
| Amortization of intangible assets | 28 | 29 | 57 | 58 | ||||||||||||
| Non-GAAP sales and marketing | $ | 4,325 | $ | 3,811 | $ | 8,538 | $ | 7,563 | ||||||||
| GAAP general and administrative | $ | 1,651 | $ | 1,361 | $ | 3,100 | $ | 3,374 | ||||||||
| Stock-based compensation | 501 | 202 | 921 | 1,041 | ||||||||||||
| Non-GAAP general and administrative | $ | 1,150 | $ | 1,159 | $ | 2,179 | $ | 2,333 | ||||||||
| GAAP total operating expenses | $ | 11,551 | $ | 10,127 | $ | 22,588 | $ | 20,809 | ||||||||
| Stock-based compensation | 1,512 | 1,212 | 3,013 | 3,092 | ||||||||||||
| Amortization of intangible assets | 28 | 29 | 57 | 58 | ||||||||||||
| Non-GAAP total operating expenses | $ | 10,011 | $ | 8,886 | $ | 19,518 | $ | 17,659 | ||||||||
| GAAP operating income | $ | 1,740 | $ | 880 | $ | 3,202 | $ | 570 | ||||||||
| Stock-based compensation | 1,612 | 1,311 | 3,212 | 3,275 | ||||||||||||
| Amortization of intangible assets | 84 | 85 | 168 | 170 | ||||||||||||
| Non-GAAP operating income | $ | 3,436 | $ | 2,276 | $ | 6,582 | $ | 4,015 | ||||||||
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RADCOM LTD.
Reconciliation of GAAP to Non-GAAP Financial Information
Unaudited
(thousands of U.S. dollars, except share and per share data)
| Three months ended June 30, | Six months ended June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| GAAP income before taxes on income | $ | 2,533 | $ | 1,734 | $ | 5,115 | $ | 2,529 | ||||||||
| Stock-based compensation | 1,612 | 1,311 | 3,212 | 3,275 | ||||||||||||
| Amortization of intangible assets | 84 | 85 | 168 | 170 | ||||||||||||
| Financial expenses | 21 | 34 | 27 | 71 | ||||||||||||
| Non-GAAP income before taxes on income | $ | 4,250 | $ | 3,164 | $ | 8,522 | $ | 6,045 | ||||||||
| GAAP net income | $ | 2,438 | $ | 1,707 | $ | 4,878 | $ | 2,469 | ||||||||
| Stock-based compensation | 1,612 | 1,311 | 3,212 | 3,275 | ||||||||||||
| Amortization of intangible assets | 84 | 85 | 168 | 170 | ||||||||||||
| Financial expenses | 21 | 34 | 27 | 71 | ||||||||||||
| Non-GAAP net income | $ | 4,155 | $ | 3,137 | $ | 8,285 | $ | 5,985 | ||||||||
| GAAP net income per diluted share | $ | 0.15 | $ | 0.11 | $ | 0.29 | $ | 0.16 | ||||||||
| Stock-based compensation | 0.10 | 0.08 | 0.20 | 0.21 | ||||||||||||
| Amortization of intangible assets | (*) | 0.01 | 0.01 | 0.01 | ||||||||||||
| Financial expenses | (*) | (*) | (*) | (*) | ||||||||||||
| Non-GAAP net income per diluted share | $ | 0.25 | $ | 0.20 | $ | 0.50 | $ | 0.38 | ||||||||
| Weighted average number of shares used to compute diluted net income per share | 16,711,789 | 15,978,799 | 16,686,397 | 15,922,855 | ||||||||||||
| (*) | Less than $ 0.01 |
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RADCOM LTD.
Consolidated Balance Sheets
(Unaudited)
(thousands of U.S. dollars)
| As of | As of | |||||||
| June
30, 2025 |
December
31, 2024 |
|||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 21,910 | $ | 19,243 | ||||
| Short-term bank deposits | 79,722 | 75,429 | ||||||
| Trade receivables, net | 18,603 | 19,038 | ||||||
| Inventories | 1,218 | 1,667 | ||||||
| Other accounts receivable and prepaid expenses | 1,993 | 1,819 | ||||||
| Total Current Assets | 123,446 | 117,196 | ||||||
| Non-Current Assets | ||||||||
| Severance pay fund | 3,243 | 2,985 | ||||||
| Other long-term receivables | 3,053 | 3,484 | ||||||
| Property and equipment, net | 889 | 879 | ||||||
| Operating lease right-of-use assets | 3,314 | 3,421 | ||||||
| Goodwill and intangible assets, net | 2,440 | 2,609 | ||||||
| Total Non-Current Assets | 12,939 | 13,378 | ||||||
| Total Assets | $ | 136,385 | $ | 130,574 | ||||
| Liabilities and Shareholders’ Equity | ||||||||
| Current Liabilities | ||||||||
| Trade payables | $ | 3,689 | $ | 2,457 | ||||
| Deferred revenues and advances from customers | 4,807 | 6,848 | ||||||
| Employee and payroll accruals | 6,106 | 7,175 | ||||||
| Operating lease liabilities | 1,026 | 966 | ||||||
| Other liabilities and accrued expenses | 9,171 | 10,463 | ||||||
| Total Current Liabilities | 24,799 | 27,909 | ||||||
| Non-Current Liabilities | ||||||||
| Accrued severance pay | 4,330 | 3,868 | ||||||
| Operating lease liabilities | 2,520 | 2,438 | ||||||
| Other liabilities and accrued expenses | 656 | 683 | ||||||
| Total Non-Current Liabilities | 7,506 | 6,989 | ||||||
| Total Liabilities | $ | 32,305 | $ | 34,898 | ||||
| Shareholders’ Equity | ||||||||
| Share capital | $ | 789 | $ | 769 | ||||
| Additional paid-in capital | 164,221 | 160,761 | ||||||
| Accumulated other comprehensive loss | (2,864 | ) | (2,910 | ) | ||||
| Accumulated deficit | (58,066 | ) | (62,944 | ) | ||||
| Total Shareholders’ Equity | 104,080 | 95,676 | ||||||
| Total Liabilities and Shareholders’ Equity | $ | 136,385 | $ | 130,574 | ||||
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