TEL AVIV, Israel, October 17, 2019 – Shares of RADCOM Ltd. (NASDAQ: RDCM) lost -0.69% to $9.86. The stock grabbed the investor’s attention and traded 3.257K shares as compared to its average daily volume of 17.14K shares. The stock’s institutional ownership stands at 34.40%.
RADCOM Ltd. (RDCM) reported a first-quarter loss of $3.10M, after reporting a profit in the same period a year earlier. The Tel Aviv, Israel-based Company said it had a loss of 23 cents per share. Losses, adjusted for stock option expense, came to 20 cents per share. The monitoring service for the communications industry posted revenue of $6.0M in the period.
Non-GAAP Net Income (loss): Non-GAAP net loss for the period was $2.70M, or $0.20 per diluted share, compared to non-GAAP net income of $1.00M, or $0.07 per diluted share for the first quarter of 2018.
Balance sheet: As of March 31, 2019, the Company had cash and cash equivalents and short-term bank deposits of $56.80M and no debt.
RDCM has a market value of $133.41M while its EPS was booked as $-0.55 in the last 12 months. The stock has 13.53M shares outstanding. In the profitability analysis, the company has gross profit margin of 73.80% while net profit margin was -27.90%. Beta value of the company was 0.22; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.00.