Radcom Ltd. (RDCM) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $2.44 million, or $0.15 per share. This compares with $0.76 million, or $0.05 per share, last year.
Excluding items, Radcom Ltd. reported adjusted earnings of $4.13 million or $0.25 per share for the period.
Analysts on average had expected the company to earn $0.20 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.5% to $16.59 million from $14.12 million last year.
Radcom Ltd. earnings at a glance (GAAP) :
-Earnings: $2.44 Mln. vs. $0.76 Mln. last year.
-EPS: $0.15 vs. $0.05 last year.
-Revenue: $16.59 Mln vs. $14.12 Mln last year.
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