Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of RADCOM.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.01M | $51.60M | $46.05M | $40.28M | $37.56M | $33.01M | $34.05M | $37.23M | $29.51M | $18.67M |
| Cost of Revenue | $15.75M | $13.77M | $12.71M | $11.42M | $10.76M | $9.92M | $8.87M | $10.49M | $8.98M | $4.33M |
| Gross Profit | $45.26M | $37.83M | $33.34M | $28.86M | $26.80M | $23.09M | $25.18M | $26.75M | $20.53M | $14.35M |
| Gross Profit Ratio | 74.19% | 73.31% | 72.39% | 71.64% | 71.36% | 69.96% | 73.96% | 71.83% | 69.56% | 76.83% |
| Research and Development Expenses | $18.66M | $19.57M | $20.72M | $19.81M | $17.84M | $16.74M | $13.86M | $8.96M | $6.35M | $4.49M |
| General and Administrative Expenses | $6.41M | $5.00M | $4.46M | $4.18M | $3.84M | $3.67M | $3.39M | $4.19M | $4.52M | $2.39M |
| Selling and Marketing Expenses | $17.79M | $14.59M | $12.27M | $10.36M | $9.71M | $10.51M | $11.43M | $11.00M | $8.53M | $7.83M |
| Selling General and Administrative Expenses | $24.20M | $20.73M | $16.73M | $14.54M | $13.54M | $14.19M | $14.82M | $15.19M | $13.05M | $10.23M |
| Other Expenses | $-684.00K | $-1.81M | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $42.18M | $38.49M | $37.45M | $34.35M | $31.39M | $30.93M | $28.67M | $24.15M | $19.41M | $14.72M |
| Cost and Expenses | $57.92M | $52.26M | $50.16M | $45.77M | $42.14M | $40.84M | $37.54M | $34.64M | $28.39M | $19.04M |
| Interest Income | $4.69M | $4.30M | $1.78M | $666.00K | $810.00K | $1.17M | $1.14M | $389.00K | $816.00K | $229.00K |
| Interest Expense | $189.00K | $- | $2.02M | $15.00K | $15.00K | $16.00K | $1.44M | $514.00K | $23.00K | $23.00K |
| Depreciation and Amortization | $621.00K | $621.00K | $477.00K | $540.00K | $699.00K | $752.00K | $657.00K | $537.00K | $286.00K | $123.00K |
| EBITDA | $3.71M | $16.00K | $-3.64M | $-4.95M | $-3.88M | $-7.08M | $-2.83M | $3.13M | $1.41M | $-246.00K |
| EBITDA Ratio | 6.08% | 0.03% | -7.90% | -12.30% | -10.34% | -21.46% | -8.31% | 8.41% | 4.77% | -1.32% |
| Operating Income | $3.09M | $-662.00K | $-4.11M | $-5.49M | $-4.58M | $-7.83M | $-3.49M | $2.60M | $1.12M | $-369.00K |
| Operating Income Ratio | 5.06% | -1.28% | -8.93% | -13.64% | -12.20% | -23.74% | -10.24% | 6.97% | 3.81% | -1.98% |
| Total Other Income Expenses Net | $4.12M | $4.56M | $2.02M | $354.00K | $810.00K | $1.17M | $1.14M | $389.00K | $816.00K | $-433.00K |
| Income Before Tax | $7.20M | $3.90M | $-2.10M | $-5.14M | $-3.77M | $-6.66M | $-2.35M | $2.98M | $1.94M | $-802.00K |
| Income Before Tax Ratio | 11.80% | 7.55% | -4.56% | -12.76% | -10.04% | -20.18% | -6.91% | 8.01% | 6.57% | -4.29% |
| Income Tax Expense | $234.00K | $182.00K | $159.00K | $124.00K | $220.00K | $169.00K | $63.00K | $83.00K | $24.00K | $121.00K |
| Net Income | $6.97M | $3.71M | $-2.26M | $-5.26M | $-3.99M | $-6.83M | $-2.42M | $2.90M | $1.92M | $-923.00K |
| Net Income Ratio | 11.42% | 7.20% | -4.90% | -13.07% | -10.63% | -20.70% | -7.09% | 7.79% | 6.49% | -4.94% |
| EPS | $0.43 | $0.25 | $-0.16 | $-0.37 | $-0.29 | $-0.50 | $-0.18 | $0.24 | $0.18 | $-0.11 |
| EPS Diluted | $0.43 | $0.24 | $-0.16 | $-0.37 | $-0.29 | $-0.50 | $-0.18 | $0.23 | $0.18 | $-0.11 |
| Weighted Average Shares Outstanding | 16.20M | 15.10M | 14.53M | 14.12M | 13.93M | 13.78M | 13.42M | 12.04M | 10.41M | 8.39M |
| Weighted Average Shares Outstanding Diluted | 16.16M | 15.30M | 14.53M | 14.12M | 13.93M | 13.78M | 13.63M | 12.35M | 10.78M | 8.57M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $19.24M | $10.89M | $9.53M | $11.95M | $13.55M | $6.20M | $61.99M | $22.57M | $42.89M | $8.73M |
| Short Term Investments | $75.43M | $71.27M | $68.13M | $58.62M | $55.41M | $63.08M | $- | $40.00M | $- | $- |
| Cash and Short Term Investments | $94.67M | $82.17M | $77.66M | $70.57M | $68.96M | $69.28M | $61.99M | $62.58M | $42.89M | $8.73M |
| Net Receivables | $19.04M | $13.41M | $11.56M | $10.40M | $12.75M | $11.04M | $20.38M | $22.49M | $4.39M | $4.36M |
| Inventory | $1.67M | $246.00K | $795.00K | $931.00K | $540.00K | $1.36M | $251.00K | $1.20M | $623.00K | $1.53M |
| Other Current Assets | $1.82M | $1.59M | $1.93M | $1.96M | $1.44M | $1.54M | $1.77M | $2.72M | $1.99M | $2.12M |
| Total Current Assets | $117.20M | $97.42M | $91.46M | $83.50M | $83.38M | $83.21M | $84.39M | $86.76M | $49.89M | $16.06M |
| Property Plant Equipment Net | $4.30M | $2.45M | $3.47M | $3.07M | $4.26M | $7.51M | $1.83M | $1.92M | $1.52M | $384.00K |
| Goodwill | $- | $1.24M | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $2.61M | $1.71M | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $2.61M | $2.95M | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $4.00M | $1.26M | $2.19M | $2.31M | $346.00K | $172.00K | $375.00K | $508.00K |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $6.47M | $4.71M | $2.08M | $3.84M | $3.81M | $3.37M | $2.97M | $3.05M | $2.79M | $3.18M |
| Total Non-Current Assets | $13.38M | $10.11M | $9.55M | $8.17M | $10.26M | $13.19M | $5.14M | $5.15M | $4.68M | $4.07M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $130.57M | $107.53M | $101.00M | $91.66M | $93.64M | $96.40M | $89.53M | $91.91M | $54.57M | $20.14M |
| Account Payables | $2.46M | $2.64M | $2.71M | $2.65M | $1.59M | $2.45M | $1.56M | $1.83M | $2.82M | $1.47M |
| Short Term Debt | $966.00K | $1.06M | $2.05M | $1.04M | $2.06M | $2.53M | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $7.04M | $2.70M | $3.15M | $828.00K | $266.00K | $2.60M | $2.59M | $931.00K |
| Other Current Liabilities | $24.49M | $16.41M | $16.81M | $9.85M | $11.80M | $9.71M | $5.70M | $7.49M | $5.62M | $4.02M |
| Total Current Liabilities | $27.91M | $20.11M | $22.80M | $16.25M | $14.90M | $12.72M | $7.53M | $11.92M | $11.04M | $6.42M |
| Long Term Debt | $2.44M | $561.00K | $1.45M | $894.00K | $2.01M | $4.97M | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $26.00K | $100.00K | $100.00K | $21.00K | $123.00K | $197.00K |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $4.47M | $3.90M | $- | $- | $- | $- |
| Other Non-Current Liabilities | $4.55M | $4.37M | $3.97M | $4.37M | $4.68M | $4.74M | $3.42M | $3.57M | $3.27M | $3.66M |
| Total Non-Current Liabilities | $6.99M | $4.93M | $5.42M | $5.26M | $6.72M | $9.81M | $3.52M | $3.59M | $3.39M | $3.85M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $34.90M | $25.04M | $28.22M | $21.51M | $21.62M | $22.53M | $11.05M | $15.51M | $14.43M | $10.27M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $769.00K | $736.00K | $706.00K | $669.00K | $657.00K | $648.00K | $643.00K | $628.00K | $523.00K | $372.00K |
| Retained Earnings | $-62.94M | $-69.91M | $-73.62M | $-71.37M | $-66.11M | $-62.11M | $-55.28M | $-53.20M | $-56.10M | $-58.02M |
| Accumulated Other Comprehensive Income Loss | $-2.91M | $-3.03M | $-2.91M | $-2.62M | $-2.66M | $-2.63M | $-2.61M | $-2.52M | $-2.56M | $-2.76M |
| Other Total Stockholders Equity | $160.76M | $154.70M | $148.61M | $143.47M | $140.13M | $137.97M | $135.73M | $131.49M | $98.28M | $70.27M |
| Total Stockholders Equity | $95.68M | $82.49M | $72.78M | $70.15M | $72.02M | $73.87M | $78.48M | $76.40M | $40.14M | $9.86M |
| Total Equity | $95.68M | $82.49M | $72.78M | $70.15M | $72.02M | $73.87M | $78.48M | $76.40M | $40.14M | $9.86M |
| Total Liabilities and Stockholders Equity | $130.57M | $107.53M | $101.00M | $91.66M | $93.64M | $96.40M | $89.53M | $91.91M | $54.57M | $20.14M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $130.57M | $107.53M | $101.00M | $91.66M | $93.64M | $96.40M | $89.53M | $91.91M | $54.57M | $20.14M |
| Total Investments | $75.43M | $71.27M | $72.13M | $58.62M | $55.41M | $63.08M | $346.00K | $40.00M | $375.00K | $508.00K |
| Total Debt | $3.40M | $1.62M | $2.48M | $1.94M | $3.04M | $6.23M | $- | $- | $- | $- |
| Net Debt | $-15.84M | $-9.27M | $-7.05M | $-10.01M | $-10.51M | $29.00K | $-61.99M | $-22.57M | $-42.89M | $-8.73M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $6.97M | $3.71M | $-2.26M | $-5.26M | $-3.99M | $-6.83M | $-2.42M | $2.90M | $1.92M | $-923.00K |
| Depreciation and Amortization | $679.00K | $621.00K | $477.00K | $540.00K | $699.00K | $752.00K | $657.00K | $537.00K | $286.00K | $123.00K |
| Deferred Income Tax | $- | $- | $-8.13M | $-1.13M | $-5.07M | $3.68M | $- | $- | $- | $- |
| Stock Based Compensation | $6.10M | $6.12M | $5.17M | $3.36M | $2.17M | $2.23M | $2.12M | $2.22M | $2.47M | $1.41M |
| Change in Working Capital | $-2.36M | $-148.00K | $2.62M | $3.37M | $1.07M | $10.69M | $-2.31M | $-16.26M | $4.78M | $1.27M |
| Accounts Receivables | $- | $-2.33M | $-1.04M | $2.41M | $-1.65M | $9.30M | $13.00K | $-15.87M | $-329.00K | $1.05M |
| Inventory | $- | $552.00K | $157.00K | $-410.00K | $811.00K | $-1.14M | $901.00K | $-560.00K | $794.00K | $311.00K |
| Accounts Payables | $- | $-17.00K | $16.00K | $1.02M | $-773.00K | $998.00K | $-182.00K | $-1.15M | $1.27M | $-278.00K |
| Other Working Capital | $-2.36M | $1.65M | $3.49M | $350.00K | $2.69M | $1.53M | $-3.04M | $1.32M | $3.04M | $189.00K |
| Other Non Cash Items | $- | $-5.60M | $8.13M | $1.13M | $5.07M | $-3.68M | $2.04M | $21.39M | $781.00K | $1.83M |
| Net Cash Provided by Operating Activities | $11.39M | $4.71M | $6.02M | $2.00M | $-50.00K | $6.84M | $-1.95M | $-10.60M | $9.45M | $1.88M |
| Investments in Property Plant and Equipment | $- | $-232.00K | $-150.00K | $-437.00K | $-427.00K | $-699.00K | $-662.00K | $-790.00K | $-1.33M | $-97.00K |
| Acquisitions Net | $- | $-2.48M | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-2.31M | $-885.00K | $-8.28M | $-3.06M | $- | $-61.92M | $- | $-40.00M | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $8.03M | $- | $40.00M | $- | $- | $- |
| Other Investing Activities | $-427.00K | $- | $-8.28M | $-3.06M | $8.03M | $-61.92M | $40.00M | $-40.00M | $- | $- |
| Net Cash Used for Investing Activities | $-2.74M | $-3.59M | $-8.43M | $-3.50M | $7.60M | $-62.62M | $39.34M | $-40.79M | $-1.33M | $-97.00K |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $16.00K | $2.13M | $30.21M | $21.28M | $813.00K |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $- | $- | $- | $- | $16.00K | $2.13M | $891.00K | $4.41M | $813.00K |
| Net Cash Used Provided by Financing Activities | $- | $- | $- | $- | $- | $16.00K | $2.13M | $31.10M | $25.69M | $813.00K |
| Effect of Forex Changes on Cash | $- | $253.00K | $-9.00K | $-101.00K | $-202.00K | $-27.00K | $-145.00K | $-15.00K | $346.00K | $-721.00K |
| Net Change in Cash | $8.35M | $1.36M | $-2.42M | $-1.60M | $7.35M | $-55.79M | $39.38M | $-20.31M | $34.16M | $1.88M |
| Cash at End of Period | $19.24M | $10.89M | $9.53M | $11.95M | $13.55M | $6.20M | $61.99M | $22.57M | $42.89M | $8.73M |
| Cash at Beginning of Period | $10.89M | $9.53M | $11.95M | $13.55M | $6.20M | $61.99M | $22.61M | $42.89M | $8.73M | $6.85M |
| Operating Cash Flow | $11.39M | $4.71M | $6.02M | $2.00M | $-50.00K | $6.84M | $-1.95M | $-10.60M | $9.45M | $1.88M |
| Capital Expenditure | $- | $-232.00K | $-150.00K | $-437.00K | $-427.00K | $-699.00K | $-662.00K | $-790.00K | $-1.33M | $-97.00K |
| Free Cash Flow | $10.96M | $4.47M | $5.87M | $1.56M | $-477.00K | $6.14M | $-2.61M | $-11.39M | $8.12M | $1.79M |