FOR IMMEDIATE RELEASE
RADCOM ANNOUNCES Q1 2008 RESULTS
-- Momentum Building in Line With Strategy; Financial Platform Secured -
TEL-AVIV, Israel - April 28, 2008-- RADCOM Ltd. (RADCOM) (NASDAQ and
TASE:RDCM) today announced its unaudited financial results for the first quarter ended March 31, 2008.
Revenues for the first quarter of 2008 were $4.5 million, a 40% increase compared with $3.2 million for
the first quarter of 2007. On the basis of U.S. generally accepted accounting principles (GAAP), the period’s net
loss was $(855,000), or $(0.05) per ordinary share (basic and diluted), including non-cash share-based
compensation expense of $157,000 taken in respect of Statement of Financial Accounting Standards No. 123
(revised 2004), "Share-Based Payment" ("SFAS 123R"). This compares to a net loss for the first quarter of
2007 of $(2.8) million, or $(0.17) per ordinary share (basic and diluted), which included a non-cash share-based
compensation expense of $126,000.
The Company is also presenting its results on a non-GAAP basis excluding share-based compensation in
order to provide investors with insight into its underlying operating results. On a non-GAAP basis, RADCOM’s
net loss for the first quarter of 2008 was $(698,000), or $(0.04) per ordinary share (basic and diluted). This
compares to a net loss of $(2.7) million, or $(0.16) per ordinary share (basic and diluted), for the first quarter of
During the quarter, the Company completed a $2.5 million private placement transaction (PIPE), which is
reflected in its balance sheet as of the report date. After the end of the quarter, the Company secured a $2.5
million venture loan.
Comments of Management
Commenting on the results, Mr. David Ripstein, RADCOM’s President and CEO, said, “We are
pleased to report a period of revenue growth and strategic progress, especially in a macro environment that has
entered a period of slowd