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Ceragon Networks investor presentation dated November 2022.
Q3-22CONFERENCE CALL
November 10, 2022AGENDA
Introduction and safe harbor
CEO –Eyal Harari, Chief Executive Officer
CFO –Hadar Rahav, Chief Financial Officer
Q&ASAFE HARBOR PROVISION
Certain statements made herein that use words such as “estimate” , “project” , “intend”,
“expect”, “believe”, “may”, “might”, “predict”, “potential”, “anticipate”, “plan” or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, when the Company discusses about its full -year 2022 revenue guidance, visibility and
expected growth in 2023 and beyond, expectations regarding the enterprise market for telecom operators, including trends in the market and the effect of general economic conditions, continued investment in and benefits from research and development, its expectation to gain further interest from operators and play an important role in facilitating the transition to 5G, its expectations about its pipeline and momentum, further demand for its products and growth, levels of expenses and keeping them below revenues, the potential for additional multi-year contracts, engagements and expansion of opportunities,
the Company's expectations with respect to its relationships with Rakuten and potential
grants from the Israeli Innovation Authority. The Company does not undertake to update forward -looking statements. The full safe harbor provisions, including risks that could cause
actual results to differ from these forward-looking statements, are outlined in the presentation and the Company's SEC filings.NON -GAAP FINANCIAL MEASURES
In this conference call, management will be referring to certain non -GAAP financial
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measures, which are provided to enhance the user's overall understanding of the
Company ’s financial performance. By excluding certain non -cash stock -based
compensation expenses, non- GAAP results provide information that is useful in
assessing RADCOM's core operating performance, and in evaluating and comparing its results of operations on a consistent basis from period to period. The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with generally accepted accounting principles. Investors are encouraged to review the reconciliations of GAAP to non -GAAP financial measures which are included in the
quarter ’s earnings release, which is available on the Company ’s
website atwww.radcom.com , the content of which does not form a part of this
presentation.Q3-22 OVERVIEW
Third -quarter revenues of$12million, 17% quarterly revenue growth year -over -year.
GAAP operating expenses were $9.5Mcompared to$8Minthethird quarter of2021
Non -GAAP operating expenses were $8.3Mcompared to$7.3Minthethird quarter of
GAAP netloss forthethird quarter was $0.4million compared toaGAAP netloss of
$1.1million forthethird quarter of2021
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