Radcom : Q2-23 reference slides

Q2-23 CONFERENCE CALL

August 2nd , 2023

AGENDA

• Introduction and safe harbor
• CEO - Eyal Harari, Chief Executive Officer
• CFO - Hadar Rahav, Chief Financial Officer
• Q&A

2

SAFE HARBOR PROVISION

Forward-looking statements in the conference call involve several risks and uncertainties, including, but not limited, to the Company's statements about its full-year 2023 revenue guidance, expected growth in 2024, expectations regarding the enterprise market for telecom operators, 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 AT&T 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.

3

NON-GAAP FINANCIAL MEASURES

In this conference call, management will be referring to certain non-GAAP financial measures, which are provided to enhance the user's overall understanding of the Company's financial performance. By excluding certain non-cashstock-based compensation expenses, acquisition-related expenses and amortization of intangible assets related to acquisitions, 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 at www.radcom.com, the content of which does not form a part of this presentation.

4

Q2-23 OVERVIEW

• Second-quarterrevenues of $12.4 million, 11% quarterly revenue growth year-over-year.
• Managed cost carefully and maintained the same level of Non-GAAP operating expenses ($8.2M compared to $7.9M in the second quarter of 2022).
• GAAP net income was $0.8 million compared to a loss of $1.3 million in the same period in 2022.
• Non-GAAPnet income was $2.1 million compared to an income of $0.02 million in the same period in 2022.
• Cash and cash equivalents and short-term bank deposits of $78.3 million and no debt.

Quarterly revenues ($K)

14,000				12,372
12,000			11,127
10,000	9,159	9,756
8,000
6,000
4,000
2,000
0
	Q2-20	Q2-21	Q2-22	Q2-23

		H1 revenues ($M)
30,000
25,000				24,395
		21,751
20,000	17,487	18,896
15,000
10,000
5,000
-
	H1-2020	H1-2021	H1-2022	H1-2023

5