radcom-drives-cost-savings-for-5g-network-operations-with-ai-powered-analytics-for-automation

RADCOM Drives Cost Savings for 5G Network Operations with AI-Powered Analytics for Automation

 

RADCOM Ltd. (NASDAQ: RDCM), today introduced its latest Artificial Intelligence (AI)-driven use case to drive automated network management while saving costs and enhancing the end-user experiences. RADCOM’s Virtualized Network Operations Center (vNOC), enabled by the latest version of the RADCOM ACE solution, redefines network operations through extensive automation and 5G analytics.

The vNOC powered by AI-driven analytics resolves customer-affecting issues through anomaly detection and automatic root cause analysis, drastically improving the first-time resolution rate. This helps drive down costs and make network teams more efficient while improving customer services. AI-driven analytics can also intelligently monitor and enhance premium services like roaming, private networks, video streaming Fixed Wireless Access (FWA), Internet of Things (IoT), and Voice over New-Radio (VoNR) while saving significant operational costs.

“5G network complexity has increased the need for automation and advanced AI-driven analytics,” said Rami Amit, Chief Technology Officer, and Head of Product at RADCOM. ”We continue to innovate and develop our RADCOM ACE solution by adding more automation and AI-powered insights without manual intervention. Our AI-powered analytics helps operators automate their network and service operations centers and save CAPEX/OPEX through proactive optimization.”

The latest version of RADCOM ACE delivers comprehensive Machine Learning (ML) based 5G network diagnostics, extensive root cause analysis automation, and proactive network insights, identifying and resolving network anomalies to boost NOC/SOC operations. It offers operators an ML-based approach for the Network Operations Center/Security Operation Center (NOC/SOC), highlighting network degradations and drastically reducing time to resolution while streamlining workflows for engineering teams.

By using General Adversarial Networks (GAN), RADCOM ACE unlocks the power of generative AI for network analytics and improves the proactive analytics that feeds the vNOC. The solution generates synthetic data as an alternative to real network data to train and strengthen AI models for advanced 5G use cases and deliver new use cases.

Some of the new use cases offered by the virtual network operations center platform include the following:

  • Saves OPEX and reduces mean time to resolution by using AI-powered analytics that detects anomalies and automates operational workflows for 5G.
  • Optimizes proactively premium service quality for roaming, RAN, IoT, FWA, VoNR, VoLTE, and more.
  • Integrates assurance into the public cloud to automate end-to-end service and network lifecycle management while improving the service quality.

Visit the RADCOM booth at Mobile World Congress in Barcelona from February 27 to March 2, 2023, in Hall 2, Booth 2B75.

radcom-reports-third-quarter-2021-results

RADCOM Reports Third Quarter 2021 Results

 

RADCOM Ltd. (NASDAQ: RDCM) today reported its financial results for the third quarter ended September 30, 2021.

Eyal Harari, RADCOM’s Chief Executive Officer, commented, “We started the second half of the year with solid financial results, which represents a ninth consecutive quarter of year-over-year revenue growth as we execute our strategy. We maintain our positive outlook for the fourth quarter. We are optimistic about our overall ability to deliver another growth year in 2021 and reiterate our full-year 2021 revenue guidance of $39 million to $41 million. Moreover, with our current visibility, we believe this trend will continue in 2022.

“During the quarter, we continued our significant R&D investment in our advanced 5G assurance technology and integrations into more cloud ecosystems. In addition, we issued a press release announcing our integration with Amazon Web Services (AWS) in August. Integration with AWS provides operators with a dynamic, automated service assurance solution for deploying and optimizing 5G services on the AWS cloud and Amazon EKS for on-premises implementations. The AWS announcement followed our Microsoft press release in the first quarter of 2021, covering our integration with Microsoft Azure.

“We also announced in August our innovative AI solution for 5G Networks as part of our automated 5G assurance product RADCOM ACE. Our technology utilizes Artificial Intelligence (AI) and Machine Learning (ML) to help operators proactively solve network issues. Our solutions continue to receive positive feedback from our install base and potential customers, and we already have several ongoing opportunities for our latest innovations.

“We remain focused on our strategic objectives. We are already engaged in multiple opportunities at different sales cycle stages, with several engagements reaching an advanced stage. As the market continues to ramp up, we expect the demand for 5G assurance solutions to increase and believe our market-leading assurance offerings are well-aligned with operators’ needs and will drive growth.”

Third Quarter 2021 Financial Highlights:

  • Total revenues for the third quarter were $10.2 million, compared to $9.8 million in the third quarter of 2020
  • GAAP gross margin for the third quarter of 2021 was 69% compared to 76% in the third quarter of 2020. The decrease is due to the revenue mix
  • Total GAAP R&D net expenses for the third quarter were $4.6 million compared to $4.4 million in the third quarter of 2020
  • GAAP net loss for the third quarter was $1.1 million, or $0.08 per diluted share, compared to a GAAP net loss of $0.4 million, or $0.03 per diluted share for the third quarter of 2020
  • Non-GAAP net loss for the period was $0.3 million, or a loss of $0.02 per diluted share, compared to a non-GAAP net income of $0.2 million, or an income of $0.02 per diluted share for the third quarter of 2020
  • As of September 30, 2021, the Company had cash and cash equivalents and short-term bank deposits of $67 million, and no debt

Earnings Conference Call

RADCOM’s management will hold an interactive conference call today at 8:00 am Eastern Standard Time (3:00 pm Israel Standard Time) to discuss the results and answer participants’ questions. To join the call, please call one of the following numbers approximately five minutes before the call is scheduled to begin:

From the US (toll-free): +1-866-652-8972

From other locations: +972-3-918-0610

For those unable to listen to the call, a replay of the conference call will be available a few hours later on the investor relations section on the Company’s website at https://radcom.com/investor-relations/.

radcom-to-present-at-the-needham-virtual-security,-networking,-and-communications-conference

RADCOM to Present at the Needham Virtual Security, Networking, and Communications Conference

 

RADCOM (Nasdaq: RDCM) announced today that Eyal Harari, Chief Executive Officer, will present at the Needham Virtual Security, Networking, and Communications Conference on Tuesday, November 16, 2021, at 8:00 AM Eastern Standard Time.

Eyal will be available for one-on-one meetings during the conference. To schedule a meeting, please contact your Needham salesperson or Miri Segal at [email protected].

A live webcast of the presentation will be available to the public at: https://wsw.com/webcast/needham112/rdcm/2229924.

The webcast will be archived for 90 days following the live presentation. The presentation slides will be available on the day of the presentation from RADCOM’s website www.radcom.com/investor-relations.