2022 Q4 Form 20-F Financial Statement

#000121390023024293 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q2 2022
Revenue $12.29M $11.13M $46.05M
YoY Change 10.14% 14.05% 14.32%
Cost Of Revenue $3.391M $3.178M $12.71M
YoY Change -1.28% 28.87% 11.3%
Gross Profit $8.898M $7.949M $33.34M
YoY Change 15.21% 9.04% 15.52%
Gross Profit Margin 72.41% 71.44% 72.39%
Selling, General & Admin $4.506M $3.886M $16.73M
YoY Change 13.7% 8.76% 15.05%
% of Gross Profit 50.64% 48.89% 50.18%
Research & Development $5.290M $5.349M $21.48M
YoY Change 1.22% 2.35% 5.58%
% of Gross Profit 59.45% 67.29% 64.44%
Depreciation & Amortization $477.0K
YoY Change -11.67%
% of Gross Profit 1.43%
Operating Expenses $9.636M $9.038M $37.45M
YoY Change 7.13% 3.54% 9.02%
Operating Profit -$738.0K -$1.089M -$4.114M
YoY Change -41.98% -24.32% -25.1%
Interest Expense $751.0K -$130.0K $2.016M
YoY Change -1977.5% -134.03% 469.49%
% of Operating Profit
Other Income/Expense, Net $2.016M
YoY Change 469.49%
Pretax Income $13.00K -$1.219M -$2.098M
YoY Change -100.99% 15.33% -59.17%
Income Tax $39.00K $31.00K $159.0K
% Of Pretax Income 300.0%
Net Earnings -$26.00K -$1.250M -$2.257M
YoY Change -98.08% 13.95% -57.12%
Net Earnings / Revenue -0.21% -11.23% -4.9%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share $0.00 -$86.43K -$0.16
COMMON SHARES
Basic Shares Outstanding 14.74M shares 14.53M shares
Diluted Shares Outstanding 14.53M shares

Balance Sheet

Concept 2022 Q4 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.66M $73.06M $77.66M
YoY Change 10.05% 12.64% 10.05%
Cash & Equivalents $9.527M $15.75M $9.527M
Short-Term Investments $68.13M $57.31M $68.13M
Other Short-Term Assets $1.928M
YoY Change -1.83%
Inventory $795.0K $524.0K $795.0K
Prepaid Expenses $1.443M
Receivables $11.07M $8.392M $11.07M
Other Receivables $1.928M $2.473M $1.928M
Total Short-Term Assets $91.46M $84.45M $91.46M
YoY Change 9.53% 4.3% 9.53%
LONG-TERM ASSETS
Property, Plant & Equipment $3.467M $2.430M $3.467M
YoY Change 13.01% -32.82% 13.01%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $4.002M $4.002M
YoY Change
Other Assets $3.524M $2.812M $3.524M
YoY Change -8.23% -27.17% -8.23%
Total Long-Term Assets $9.548M $7.302M $9.548M
YoY Change 16.92% -19.42% 16.92%
TOTAL ASSETS
Total Short-Term Assets $91.46M $84.45M $91.46M
Total Long-Term Assets $9.548M $7.302M $9.548M
Total Assets $101.0M $91.75M $101.0M
YoY Change 10.19% 1.91% 10.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.708M $1.776M $2.708M
YoY Change 2.15% -13.15% 2.15%
Accrued Expenses $6.222M $4.886M $6.222M
YoY Change 13.81% -8.72% -29.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.80M $17.36M $22.80M
YoY Change 40.32% 29.67% 40.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.425M $3.914M $5.425M
YoY Change 3.12% -34.57% 3.12%
Total Long-Term Liabilities $5.425M $3.914M $5.425M
YoY Change 3.12% -34.57% 3.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.80M $17.36M $22.80M
Total Long-Term Liabilities $5.425M $3.914M $5.425M
Total Liabilities $28.22M $21.27M $28.22M
YoY Change 31.22% 9.83% 31.22%
SHAREHOLDERS EQUITY
Retained Earnings -$73.63M
YoY Change 3.16%
Common Stock $149.3M
YoY Change 3.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $72.78M $70.48M $72.78M
YoY Change
Total Liabilities & Shareholders Equity $101.0M $91.75M $101.0M
YoY Change 10.19% 1.91% 10.19%

Cashflow Statement

Concept 2022 Q4 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$26.00K -$1.250M -$2.257M
YoY Change -98.08% 13.95% -57.12%
Depreciation, Depletion And Amortization $477.0K
YoY Change -11.67%
Cash From Operating Activities $6.019M
YoY Change 200.65%
INVESTING ACTIVITIES
Capital Expenditures $150.0K
YoY Change -134.32%
Acquisitions
YoY Change
Other Investing Activities -$8.281M
YoY Change 170.27%
Cash From Investing Activities -$8.431M
YoY Change 140.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.431M
YoY Change
NET CHANGE
Cash From Operating Activities $6.019M
Cash From Investing Activities -8.431M
Cash From Financing Activities -$8.431M
Net Change In Cash -$2.421M
YoY Change 61.51%
FREE CASH FLOW
Cash From Operating Activities $6.019M
Capital Expenditures $150.0K
Free Cash Flow $5.869M
YoY Change 140.63%

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CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-2412000 usd
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1653000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1140000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-289000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-114000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-157000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
410000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-811000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
16000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1017000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-773000 usd
CY2022 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
768000 usd
CY2021 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
16000 usd
CY2020 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
314000 usd
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
910000 usd
CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
724000 usd
CY2020 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
530000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4341000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-411000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2267000 usd
CY2022 rdcm Net Effect Of Exchange Rate Differences And Other On Operating Lease Rightofuse Assets And Liabili
NetEffectOfExchangeRateDifferencesAndOtherOnOperatingLeaseRightofuseAssetsAndLiabili
112000 usd
CY2021 rdcm Net Effect Of Exchange Rate Differences And Other On Operating Lease Rightofuse Assets And Liabili
NetEffectOfExchangeRateDifferencesAndOtherOnOperatingLeaseRightofuseAssetsAndLiabili
-40000 usd
CY2020 rdcm Net Effect Of Exchange Rate Differences And Other On Operating Lease Rightofuse Assets And Liabili
NetEffectOfExchangeRateDifferencesAndOtherOnOperatingLeaseRightofuseAssetsAndLiabili
297000 usd
CY2022 rdcm Increase Decrease Accrued Interests On Shortterm Bank Deposits
IncreaseDecreaseAccruedInterestsOnShorttermBankDeposits
1230000 usd
CY2021 rdcm Increase Decrease Accrued Interests On Shortterm Bank Deposits
IncreaseDecreaseAccruedInterestsOnShorttermBankDeposits
144000 usd
CY2020 rdcm Increase Decrease Accrued Interests On Shortterm Bank Deposits
IncreaseDecreaseAccruedInterestsOnShorttermBankDeposits
359000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6019000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2002000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-50000 usd
CY2022 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
8281000 usd
CY2021 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
3064000 usd
CY2020 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-8026000 usd
CY2022 rdcm Purchase Of Property And Equipments
PurchaseOfPropertyAndEquipments
150000 usd
CY2021 rdcm Purchase Of Property And Equipments
PurchaseOfPropertyAndEquipments
437000 usd
CY2020 rdcm Purchase Of Property And Equipments
PurchaseOfPropertyAndEquipments
427000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8431000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3501000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7599000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
9000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
101000 usd
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
202000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2421000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1600000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7347000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11948000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13548000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6201000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9527000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11948000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13548000 usd
CY2022 rdcm Purchase Of Property And Equipment
PurchaseOfPropertyAndEquipment
95000 usd
CY2021 rdcm Purchase Of Property And Equipment
PurchaseOfPropertyAndEquipment
55000 usd
CY2020 rdcm Purchase Of Property And Equipment
PurchaseOfPropertyAndEquipment
36000 usd
CY2022 rdcm Net Increasedecrease In Operating Lease Rightofuse Assets
NetIncreasedecreaseInOperatingLeaseRightofuseAssets
1624000 usd
CY2021 rdcm Net Increasedecrease In Operating Lease Rightofuse Assets
NetIncreasedecreaseInOperatingLeaseRightofuseAssets
117000 usd
CY2020 rdcm Net Increasedecrease In Operating Lease Rightofuse Assets
NetIncreasedecreaseInOperatingLeaseRightofuseAssets
-1492000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
104000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
82000 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
128000 usd
CY2022Q4 rdcm Consolidated Revenues Percentage
ConsolidatedRevenuesPercentage
0.82 pure
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.65in"/><td style="width: 0.5in">a.</td><td style="text-align: justify">Use of estimates:</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 110px; text-align: justify">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p>
CY2022Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
1230000 usd
CY2021Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
144000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.65in"/><td style="width: 0.5in">g.</td><td style="text-align: justify">Concentration of credit risk:</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: -28.35pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 110px; text-align: justify">Financial instruments that may subject the Company to significant concentration of credit risk consist mainly of cash and cash equivalents, short-term and long-term bank deposits, severance pay fund and trade receivables.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 110px; text-align: justify">Cash and cash equivalents are maintained with major financial institutions mainly in Israel. Assets held for severance benefits are maintained with major insurance companies and financial institutions in Israel. Such deposits are not insured. However, management believes that such financial institutions are financially sound and, accordingly, low credit risk exists with respect to these investments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p>
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
14000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
10.99
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
2.67
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3757 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0318 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
141000 usd
CY2022 rdcm Effect On Decrease In Net Loss Per Share
EffectOnDecreaseInNetLossPerShare
0.01
CY2022 rdcm Revenue Recognition Services Royalty Fee
RevenueRecognitionServicesRoyaltyFee
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 1.15in"/><td style="width: 0.25in">p.</td><td style="text-align: justify">Government grants:</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 133px; text-align: justify">The Company receives royalty-bearing grants, which represent participation of the IIA in approved programs for research and development. These amounts are recognized on the accrual basis as a reduction of research and development costs as such costs are incurred. Royalties to the IIA are recorded under cost of revenues, when the related sales are recognized (see also Note 8a1).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 133px; text-align: justify">During the years 2012 to 2017, the Company also received grants from the Israeli Ministry of Economy (the “MOE”), up to 50% of relevant marketing expenses. These grants were presented as a reduction of marketing expenses (see also Note 8a2).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><b> </b></p>
CY2022Q4 rdcm Percentage Of Marketing Expenses For Grants
PercentageOfMarketingExpensesForGrants
0.50 pure
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1042682 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
956356 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
877195 shares
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.50 pure
CY2022 us-gaap Severance Costs1
SeveranceCosts1
1007000 usd
CY2021 us-gaap Severance Costs1
SeveranceCosts1
922000 usd
CY2020 us-gaap Severance Costs1
SeveranceCosts1
1195000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
2194000 usd
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
1052000 usd
CY2022Q4 rdcm New Contract Acquisition Asset
NewContractAcquisitionAsset
1851000 usd
CY2022Q4 rdcm Accumulated Depreciation Depletion And Amortizationcontractacquisitionasset
AccumulatedDepreciationDepletionAndAmortizationcontractacquisitionasset
709000 usd
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
4035000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
1457000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
60624000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.59 pure
CY2022Q4 rdcm Deferred Revenues
DeferredRevenues
2317000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
795000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
931000 usd
CY2022Q4 us-gaap Other Inventory Inventory At Off Site Premises
OtherInventoryInventoryAtOffSitePremises
349000 usd
CY2021Q4 us-gaap Other Inventory Inventory At Off Site Premises
OtherInventoryInventoryAtOffSitePremises
570000 usd
CY2022 rdcm Schedule Of Other Accounts Receivable And Prepaid Expenses
ScheduleOfOtherAccountsReceivableAndPrepaidExpenses
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 1.1pt">Governmental authorities</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">429</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">340</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 1.1pt">Prepaid expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,443</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,593</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 1.1pt">Others</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">56</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">31</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 1.1pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 1.1pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">1,928</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">1,964</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022Q4 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
429000 usd
CY2021Q4 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
340000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1443000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1593000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
56000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
31000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1928000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1964000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5125000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4936000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4115000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3676000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1010000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1260000 usd
CY2022 us-gaap Depreciation
Depreciation
477000 usd
CY2021 us-gaap Depreciation
Depreciation
540000 usd
CY2020 us-gaap Depreciation
Depreciation
699000 usd
CY2022Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
1113000 usd
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
1026000 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2454000 usd
CY2021Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1040000 usd
CY2022Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
3262000 usd
CY2021Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
3362000 usd
CY2022Q4 rdcm Other Current Total
OtherCurrentTotal
6829000 usd
CY2021Q4 rdcm Other Current Total
OtherCurrentTotal
5428000 usd
CY2022 rdcm Grants Intended Costs Description
GrantsIntendedCostsDescription
The grant was intended to cover up to 50% from the costs of the office establishment, logistics expenses and hiring employees and consultants in India and China, based on the approved budget for the plan over a period of three years.
CY2022 rdcm Marketing Grants Received Amount
MarketingGrantsReceivedAmount
668000 usd
CY2022 rdcm Sales Of Products
SalesOfProducts
0.05 pure
CY2022 rdcm Amount Equal
AmountEqual
1.50 pure
CY2022 rdcm Royalties Payable Based On Stated Repayment Factor
RoyaltiesPayableBasedOnStatedRepaymentFactor
551000 usd
CY2022 rdcm Authority Amount
AuthorityAmount
28000 usd
CY2022 rdcm Bank Guarantee
BankGuarantee
246000 usd
CY2022Q2 rdcm Extend The Lease Period
ExtendTheLeasePeriod
P3Y
CY2022Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
69000 usd
CY2022Q2 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
72000 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
24000 usd
CY2022Q2 us-gaap Other Operating Income
OtherOperatingIncome
21000 usd
CY2022 rdcm Extend The Lease Period
ExtendTheLeasePeriod
P2Y
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1534000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
1493000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
28000 usd
CY2022 us-gaap Other Operating Income
OtherOperatingIncome
69000 usd
CY2022 rdcm Operating Lease Agreements Options To Extend Description
OperatingLeaseAgreementsOptionsToExtendDescription
the Company’s assessment for the remaining lease term range between 0.9 years to 5.3 years, including options to extend part of the lease agreements for an additional 2 years and up to 5 years.
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M3D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M2D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0409 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0492 pure
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
969000 usd
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 rdcm Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
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CY2022 rdcm Income Tax Reconciliation Withholding Taxes Deducted By Cients
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap Income Tax Expense Benefit
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0.97 pure
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CY2022 us-gaap Interest And Other Income
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CY2021 us-gaap Interest And Other Income
InterestAndOtherIncome
666000 usd
CY2020 us-gaap Interest And Other Income
InterestAndOtherIncome
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3091000 usd
CY2021 us-gaap Other Nonoperating Income
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916000 usd
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CY2022 rdcm Bank Charges
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CY2021 rdcm Bank Charges
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CY2022 us-gaap Foreign Currency Transaction Loss Before Tax
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1059000 usd
CY2021 us-gaap Foreign Currency Transaction Loss Before Tax
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547000 usd
CY2020 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
1186000 usd
CY2022 us-gaap Other Nonoperating Expense
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1075000 usd
CY2021 us-gaap Other Nonoperating Expense
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562000 usd
CY2020 us-gaap Other Nonoperating Expense
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1201000 usd
CY2022 us-gaap Nonoperating Income Expense
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2016000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
354000 usd
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
810000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2257000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Net Income Loss Attributable To Parent Diluted
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-2257000 usd
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-5263000 usd
CY2020 us-gaap Net Income Loss Attributable To Parent Diluted
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CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
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14525449 shares
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
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14124404 shares
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
684000 usd
CY2021 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
830000 usd
CY2020 us-gaap Related Party Transaction Amounts Of Transaction
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863000 usd
CY2022 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
33000 usd
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33000 usd
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44000 usd
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446000 usd
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CostsAndExpensesRelatedParty
52000 usd
CY2022Q4 us-gaap Other Inventory Purchased Goods
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89000 usd
CY2022 us-gaap Payments To Employees
PaymentsToEmployees
140000 usd
CY2021 us-gaap Payments To Employees
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119000 usd
CY2020 us-gaap Payments To Employees
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112000 usd
CY2022Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
106000 usd
CY2021Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
40000 usd
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
121000 usd
CY2020 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
67000 usd
CY2022 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2022Q4 us-gaap Commitments And Contingencies
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CY2021Q4 us-gaap Commitments And Contingencies
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CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14124404 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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14525449 shares
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2022 rdcm Share Based Compensation Granted Numerator
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CY2021 rdcm Share Based Compensation Granted Numerator
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ShareBasedCompensationGrantedNumerator
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CY2022 rdcm Share Based Compensation Granted Denominator
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CY2021 rdcm Share Based Compensation Granted Denominator
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CY2020 rdcm Share Based Compensation Granted Denominator
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CY2022 dei Amendment Flag
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false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
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EntityCentralIndexKey
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