Israel’s Radcom recorded $3.58 million in revenues for the fourth quarter of 2002, a sequential increase of 2.4 percent as compared to $3.5 million for the third quarter of 2002. Revenues for the fourth quarter of 2001 were $5.2 million.
Gross margin for the fourth quarter was 64 percent, compared to 66 percent for the third quarter of 2002, and 62 percent for the fourth quarter of 2001. The decrease in gross margin was the result of a change in the mix of products sold during the quarter.
General and Administrative expenses for the fourth quarter included a provision for bad debt of approximately $300,000 related to the bankruptcy of the company's distributor in Canada.
Net loss for the fourth quarter of 2002 was $1.1 million compared to $852,000 for the third quarter of 2002, and $1.2 million for the fourth quarter of 2001.
Radcom designs, manufactures, markets and supports network test and quality management solutions for service providers, developers and enterprises worldwide. The company specializes in a line of WAN/LAN test solutions as well as unique performance measurement solutions for VoIP and cellular converged networks. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
