(Adds Outlook)
Looking ahead, Radcom Ltd. (RDCM) has raised the lower end of its full-year revenue outlook. It now sees revenue in the range of $57 million- $60 million for the full year, compared with the previous outlook of $56 to $60 million for the year.
Q1 Results:
Radcom announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $0.76 million, or $0.05 per share. This compares with $0.62 million, or $0.04 per share, in last year's first quarter.
Excluding items, Radcom Ltd. reported adjusted earnings of $2.85 million or $0.18 per share for the period.
Analysts on average had expected the company to earn $0.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.5% to $14.12 million from $12.02 million last year.
Radcom Ltd. earnings at a glance (GAAP) :
-Earnings (Q1): $0.76 Mln. vs. $0.62 Mln. last year.
-EPS (Q1): $0.05 vs. $0.04 last year.
-Revenue (Q1): $14.12 Mln vs. $12.02 Mln last year.
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