Radcom revenues up 32%, switches to income of USD 2.3 mln in December quarter

Israel-based company Radcom reported revenues for the fourth quarter to 31 December 2017 up 32 percent year-on-year to USD 10.6 million. Net income for the period was USD 2.3 million, or USD 0.17 per diluted share, up from net loss of USD 0.7 million, or USD 0.06 loss per diluted share for the fourth quarter of 2016. As of 31 December 2017, the company had cash, cash equivalents and short-term bank deposits of USD  62.6 million and no debt.