RADCOM LTD. Files Annual Report on Form 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>RADCOM LTD. has filed its annual 20-F report for the fiscal year ending December 31, 2023, detailing its corporate information and share structure.</b>

AI Summary

RADCOM LTD (RDCM) filed a Foreign Annual Report (20-F) with the SEC on April 2, 2024. RADCOM LTD. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The report covers the period ending December 31, 2023. RADCOM LTD. is incorporated in Israel. The company's principal executive offices are located at 24 Raoul Wallenberg Street, Tel-Aviv, Israel. As of December 31, 2023, there were 15,307,732 ordinary shares outstanding.

Why It Matters

For investors and stakeholders tracking RADCOM LTD, this filing contains several important signals. This filing provides a comprehensive overview of RADCOM LTD.'s financial and operational status for the past fiscal year, crucial for investors assessing the company's performance and outlook. The report confirms the company's compliance with SEC filing requirements, indicating transparency and adherence to regulatory standards.

Risk Assessment

Risk Level: low — RADCOM LTD shows low risk based on this filing. The filing is a routine annual report and does not contain new material information that would significantly alter the risk profile.

Analyst Insight

Review the full 20-F filing for detailed financial statements, risk factors, and management discussion to understand RADCOM LTD.'s performance and strategic direction.

Key Numbers

• 15,307,732 — Ordinary Shares Outstanding (As of December 31, 2023)
• 2023-12-31 — Fiscal Year End (Period covered by the report)
• 2024-04-02 — Filed As Of Date (Date the report was filed)

Key Players & Entities

• RADCOM LTD. (company) — Registrant
• 20-F (document) — Form Type
• December 31, 2023 (date) — Fiscal Year End
• April 2, 2024 (date) — Filed As Of Date
• Nasdaq Capital Market (exchange) — Exchange on which registered
• RDCM (ticker) — Trading Symbol
• Israel (location) — Jurisdiction of Incorporation
• 15,307,732 (dollar_amount) — Ordinary shares outstanding as of December 31, 2023

FAQ

Industry Context

RADCOM LTD. operates in the technology sector, specifically providing solutions for network assurance and analytics for telecommunications operators.

Regulatory Implications

As a foreign private issuer, RADCOM LTD. files an annual report on Form 20-F, which is a comprehensive disclosure document required by the U.S. Securities and Exchange Commission.

What Investors Should Do

1. Thoroughly review the financial statements and management's discussion and analysis within the 20-F filing.
2. Analyze the risk factors section to understand potential challenges and uncertainties facing RADCOM LTD.
3. Compare key metrics and disclosures with previous filings to identify trends and changes in the company's performance.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the annual financial statements.
• 2024-04-02: Filing Date — Date RADCOM LTD. submitted its Form 20-F to the SEC.

Year-Over-Year Comparison

This filing is the annual report for the fiscal year ended December 31, 2023, and serves as a comprehensive update compared to previous interim filings.

Filing Documents

• ea0202120-20f_radcomltd.htm (20-F) — 1782KB
• ea020212001ex12-1_radcomltd.htm (EX-12.1) — 10KB
• ea020212001ex12-2_radcomltd.htm (EX-12.2) — 10KB
• ea020212001ex13-1_radcomltd.htm (EX-13.1) — 4KB
• ea020212001ex13-2_radcomltd.htm (EX-13.2) — 4KB
• ea020212001ex15-1_radcomltd.htm (EX-15.1) — 9KB
• ea020212001ex97-1_radcomltd.htm (EX-97.1) — 40KB
• fin_001.jpg (GRAPHIC) — 3KB
• 0001213900-24-029061.txt (&nbsp;) — 7751KB
• rdcm-20231231.xsd (EX-101.SCH) — 77KB
• rdcm-20231231_cal.xml (EX-101.CAL) — 45KB
• rdcm-20231231_def.xml (EX-101.DEF) — 331KB
• rdcm-20231231_lab.xml (EX-101.LAB) — 646KB
• rdcm-20231231_pre.xml (EX-101.PRE) — 345KB
• ea0202120-20f_radcomltd_htm.xml (XML) — 1006KB

RISK FACTORS

RISK FACTORS 1 ITEM 4. INFORMATION ON THE COMPANY 17 A. HISTORY AND DEVELOPMENT OF THE COMPANY 17 B. BUSINESS OVERVIEW 17 C. ORGANIZATIONAL STRUCTURE 33 D. PROPERTY, PLANTS AND EQUIPMENT 33 ITEM 4A. UNRESOLVED STAFF COMMENTS 33 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 33 A. OPERATING RESULTS 35 B. LIQUIDITY AND CAPITAL RESOURCES 39 C. RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC. 41 D. TREND INFORMATION 41 E. CRITICAL ACCOUNTING ESTIMATES 41 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 44 A. DIRECTORS AND SENIOR MANAGEMENT 44 B. COMPENSATION 47 C. BOARD PRACTICES 49 D. EMPLOYEES 52 E. SHARE OWNERSHIP 52 F. ACTION TO RECOVER ERRONEOUSLY AWARDED COMPENSATION 52 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 52 A. MAJOR SHAREHOLDERS 52 B. RELATED PARTY TRANSACTIONS 55 C. INTERESTS OF EXPERTS AND COUNSEL 56 ITEM 8. FINANCIAL INFORMATION 57 A. CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION 57 B. SIGNIFICANT CHANGES 57 i ITEM 9. THE OFFER AND LISTING 57 A. OFFER AND LISTING DETAILS 57 B. PLAN OF DISTRIBUTION 57 C. MARKETS 57 D. SELLING SHAREHOLDERS 57 E.

DILUTION

DILUTION 57 F. EXPENSES OF THE ISSUE 57 ITEM 10. ADDITIONAL INFORMATION 58 A. SHARE CAPITAL 58 B. MEMORANDUM AND ARTICLES OF ASSOCIATION 58 C. MATERIAL CONTRACTS 58 D. EXCHANGE CONTROLS 59 E. TAXATION 59 F. DIVIDENDS AND PAYING AGENTS 67 G. 67 H. DOCUMENTS ON DISPLAY 67 I. SUBSIDIARY INFORMATION 67 J. ANNUAL REPORT TO SECURITY HOLDERS 67 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 68 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 68 PART II 69 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 69 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 69 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 69 ITEM 16. [RESERVED] 70 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 70 ITEM 16B. CODE OF ETHICS 70 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 70 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 71 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 71 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 71 ITEM 16G. CORPORATE GOVERNANCE 71 ITEM 16H. MINE SAFETY DISCLOSURE 73 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 73 ITEM 16J. INSIDER TRADING POLICIES 73 ITEM 16K. CYBERSECURITY 73 PART III F-1 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS F-1 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS F-1 ITEM 19. EXHIBITS 75 ii PART I

IDENTITY OF DIRECTORS,

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.

OFFER STATISTICS

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.

KEY INFORMATION

ITEM 3. KEY INFORMATION A. [RESERVED.] B. CAPITALIZATION AND INDEBTEDNESS Not applicable. C. REASONS FOR THE OFFER AND USE OF PROCEEDS Not applicable. D.

RISK FACTORS

RISK FACTORS Investing in our ordinary shares involves a high degree of risk. You should carefully consider the risks described below before investing in our ordinary shares. Our business, operating results and financial condition could be seriously harmed due to any of the following risks, among others. If we do not successfully address the risks to which we are subject, we could experience a material adverse effect on our business, results of operations and financial condition and our share price may decline. We cannot assure you that we will successfully address any of these risks. Risks Related to Our Business and Our Industry Our business is dependent on a limited number of significant customers and the loss of a significant customer could materially adversely affect our results of operations. Our business is dependent on a limited number of significant customers. For example, our two largest customers accounted for approximately 76% of our revenue in fiscal year 2023. The loss of any significant customer, a significant decrease in business from any such customer, or a reduction in customer revenue due to adverse changes in the terms of our contractual arrangements, market conditions, customer circumstances or other factors could have a material adverse effect on our results of operations and financial condition. Revenue from individual customers may fluctuate from time to time based on the commencement, scope and completion of projects or other engagements, the timing and magnitude of which may be affected by market or other conditions. We may lose significant market share as a result of intense competition in the market for our existing and future solutions. Several companies compete with us in the market for service assurance and Customer Experience Management and Service Operations Center that offer cloud-native, software-based, virtualized service assurance solutions. We expect that competition will increase in the future, both with respect to s

View Full Filing

View this 20-F filing on SEC EDGAR