RADCOM (RDCM) Investor presentation summary

Product and market position

• AI-powered assurance platform delivers 50–75% total cost of ownership reduction versus competitors.

• Positioned to benefit from 5G and AI carrier spending cycles, with strategic partnerships expanding the addressable market.

• Pure-play assurance focus with patented, cloud-based software and deep Tier 1 operator deployments.

• Longstanding investment in AI, including Gen AI and Agentic AI, drives automation and operational efficiency.

• Addressing operator challenges by providing real-time network visibility and actionable insights.

Customers and recurring revenue

• Deep relationships with Tier 1 operators such as AT&T, Rakuten Mobile, and Dish, supporting global expansion.

• Approximately 70% of revenue is recurring, driven by multi-year contracts and high customer retention.

• Proven at scale across Tier 1 cloud and 5G networks, with endorsements from industry leaders.

• Strong pipeline supports additional multi-year wins, with most market opportunity still ahead.

Financial performance and outlook

• Record operating margins in FY2025 and highest operating margin to date.

• Consistent revenue growth with a 4-year CAGR of 15.3% and revenue growth target of 8–12% for 2026.

• Over $100 million in cash and no debt as of Q1 2026, with strong balance sheet and no capitalized development costs.

• More than 70% gross margin and accelerated profitability despite FX headwinds.

• Non-GAAP operating income and EPS have shown steady increases from 2023 to 2025.