Benzinga | Aug 12, 2021 04:40PM EDT

RADCOM Manages To Top Consensus In Q2, Reiterates FY21 Outlook

* RADCOM Ltd. (NASDAQ:RDCM) reported second-quarter FY21 revenue growth of 6.5% year-on-year to $9.756 million, marginally ahead of the analyst consensus of $9.70 million.

* Margins: The non-GAAP gross margin contracted 164 bps to 75.1% as the costs expanded 15.1% Y/Y.

* It noted a non-GAAP operating margin loss of (6.6)% as expenses increased 19.2% Y/Y.

* Non-GAAP loss per share of $(0.02) beat the analyst consensus of $(0.04).

* RADCOM held $64.9 million in cash and equivalents.

* Outlook: RADCOM reiterated its FY21 revenue guidance of $39 million - $41 million compared to the analyst consensus of $39.6 million.

* Price Action: RDCM shares closed higher by 0.67% at $10.85 on Thursday.