Ladies and gentlemen, thank you for standing by. Welcome to the RADCOM Limited Results Conference Ladies and gentlemen, thank you for standing by. Welcome to the RADCOM Limited Results Conference call for the fourth quarter of 2024. All participants are present in the listen-only mode. Following management's formal presentation, instructions will be given for the question-and-answer session. For operator assistance during the conference, please press star zero. As a reminder, this conference is being recorded and will be available for replay on the company's website at www.radcom.com later today. On the call are Benny Eppstein, RADCOM's CEO, and Hadar Rahav, RADCOM's CFO. Please note that management has prepared a presentation for your reference that will be used during the call. If you have not downloaded it yet, you may do so through the link in the investor section of RADCOM's website at www.radcom.com/investor-relations. Before we begin, I would like to review the safe harbor provision. This conference call will contain forward-looking statements. Forward-looking statements in the conference call involve several risks and uncertainties, including but not limited to the company's statements about its innovation, expanding its business, leading the company into a new phase of growth and success, its expectation to drive sustainable, profitable growth while enhancing shareholder value, its expectations regarding collaborations with key strategic operators, exploiting opportunities, including in offering its solution to mid-tier operators, its expectation to introduce new product offerings to a broader audience, and the productization of RADCOM ACE, backlog its investment in R&D to enhance its leadership in 5G assurance and network intelligence, the expected benefits of its AI-driven assurance solutions, the expected synergies from the Continuous Core Technology acquisition, the potential in its collaboration with ServiceNow to drive additional business, its expectations regarding the dollar-shekel ratio, its expectations with respect to research and development and sales and marketing expenses, grants from the Israel Innovation Authority, and its full year 2025 revenue guidance and future growth and profitability. 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 today's press release and the company's SEC filings. In this conference call, management will refer 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-cash stock-based compensation expenses, financial income expenses, acquisition-related expenses, and amortization of intangible assets related to acquisitions. Non-GAAP results provide information helpful in assessing RADCOM's core operating performance and evaluating and comparing the results of operations consistently 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 included in the quarter's earnings release available on our website. Now, I would like to turn the call over to Benny. Please go ahead. Thank you, Operator. Good morning, everyone, and welcome to RADCOM's fourth quarter and full year 2024 earnings call. We appreciate you taking the time to join us today. I'm excited to lead RADCOM, a company transforming the assurance market for 5G. Working closely with our talented team, I'm focused on driving innovation, expanding our business, and leading the company into an exciting new phase of growth and success. Both organic initiatives and strategic expansion opportunities will fuel this journey. I believe that our strategy can drive sustainable and profitable growth while enhancing shareholder value. Later in the call, I will share more details on this strategy and some opportunities we can unlock to grow the business. Turning to the result on slide seven, 2024 was a record-breaking year for RADCOM, driven by exceptional team execution and remarkable achievements. We exceeded the midpoint of our full year revenue guidance, marking our fifth consecutive year of growth while significantly enhancing profitability. Earnings per share surged by over 75% on a GAAP basis, and we achieved the highest cash and short-term deposit balances in the company's history, $94.7 million, all while remaining completely debt-free. Our record-breaking performance showcases the strength of our cloud and GenAI-based assurance solution, which telecom operators need to enhance efficiency and provide exceptional customer experiences. These achievements would not have been possible without our team's outstanding execution and unwavering commitment to meeting our customers' evolving needs. Thanks to their dedication, we closed 2024 stronger than ever, reinforcing our competitive position in the market. As shown on slide eight, we announced earlier this year that we secured a new multi-year contract with Norlys, the owner of Telia Denmark. After an extensive selection process involving numerous competitors, we replaced the incumbent assurance vendor, reinforcing our position as a trusted partner for disruptive telcos. This win highlights the growing value of our intelligent assurance, enhanced by GenAI in improving telecom operators. As a reminder, Norlys selected RADCOM ACE to monitor customer experiences across its 5G and 4G networks. Our solution provides end-to-end network analytics across Denmark, from the RAN to the core, delivering vendor-agnostic insights that enable engineers to make informed decisions to optimize network performance and quality. Turning to our install base, we believe our collaborations with key strategic operators will continue to bear fruit as we introduce new cutting-edge AI and GenAI-based capabilities to support network management and improve customer satisfaction. As published and noted on slide nine, in the Oracle Customer Satisfaction Survey of mobile carriers, Rakuten Mobile again claimed the top spot for the second year. Also, HumanLoud's latest NYC audit report states that Boost Mobile has been recognized as the best, most reliable network in New York City. We're happy that these customers continue to receive industry recognition and delighted that we can contribute to their success. With multi-year contracts in place and ongoing development of innovative AI and automation-driven capabilities, we believe our business remains strong. We look forward to driving even more success as we help our customers enhance operational efficiency and elevate customer experiences. With that, I'm thrilled to share that we recently received a certificate of appreciation from Rakuten Mobile for our contribution to enhancing their network quality. Turning to the telecom market, operators are increasingly deploying standalone 5G networks as they transition to more capable, modern cloud networks. These networks will support more automation, leading to greater efficiency and cost reductions. We remain laser-focused on innovation, generative AI, and automation, consistently investing in research and development to enhance our leadership in 5G assurance and assist telecom operators as they transition to standalone 5G. Since slide ten, as operators increasingly transition to standalone 5G, we see significant potential in offering our intelligent assurance solution to mid-tier operators. To seize this opportunity, we are productizing our industry-leading 5G assurance solution, RADCOM ACE, into a scalable, flexible package designed to meet needs of operators of all sizes. This approach will enable us to introduce new product offerings to a broader audience, ranging from full-scale deployments to mid-tier implementation to limited-scope lab environments. We will soon provide further updates on the productization of RADCOM ACE. Please turn to slide eleven. As our recent press release noted, we are collaborating with ServiceNow to drive additional business. Our solution integrates with ServiceNow to automate service and complaint resolution for telecom operators. This collaboration leverages AIOps to drive network efficiencies and enhance customer satisfaction with combined service management and service assurance solutions. RADCOM's integration with ServiceNow is expected to help ServiceNow customers create best-in-class subscriber experiences while reducing network engineering time and effort. The seamless integration of Continuous Core Technology, acquired in May 2023, has significantly enhanced our integration with ServiceNow by including state-of-the-art radio analytics, reinforcing our leadership in network intelligence. The synergies from this acquisition remain promising. As a reminder, integrating Continuous Core Technology was pivotal in securing a seven-figure multi-year deal in the third quarter of 2024 with a leading North American operator for RADCOM's enhanced mobility experience analytics solution. Turn to slide twelve. I noted that AIOps is increasingly leveraged to drive network efficiencies and enhance customer satisfaction with telecom operators. AIOps integrates AI and analytics into standard network operations. However, before fully embracing AI, operators must ensure that they have the right databases and analytics frameworks. This is where RADCOM comes in. With years of experience in the telecom industry, we analyze network data from the end-user perspective, providing a strong data foundation for AI-driven automation. Leveraging this foundation, we use AI to improve automation and service quality, providing more intelligent network operations, deeper customer insights, and more efficient automation. Turn to slide thirteen. In brief, we continue actively showcasing our offering to existing and potential customers at key industry events as part of our go-to-market efforts. We will also participate in the Mobile World Congress in Barcelona in early March. We will showcase a demo with ServiceNow and Amazon Web Services. We will present the integration of our innovation solution with ServiceNow, leveraging AIOps to provide ticket validation and prioritizing the significantly reduced time and effort network engineers spent investigating and resolving technical issues and complaints. We will also attend the NVIDIA GTC AI Conference in March, where we look forward to engaging directly with telecom operators and partners. This event presents a valuable opportunity to foster new technology partnerships and drive sales growth. See slide fourteen. I'm thrilled to share that the company has received notable industry recognition. We were recently named the winner of the first Network Innovation Award for Best Network Test and Measurement Solution. This award celebrates our solution's innovative approach to collecting real-time subscriber insights, utilizing advanced artificial intelligence, and enhancing operators' understanding of the customer experience. It also significantly reduces environmental impact and improves the efficiency of engineering teams. To summarize, see slide fifteen. 2024 was a record-breaking year for RADCOM, marking the continuation of five years of strong growth momentum. Our robust sales marketing efforts highlight the increasing demand for our solutions. We remain focused on expanding our business, which we were expected to achieve by acquiring profitable customers and operating it efficiently. With our strong backlog, RADCOM is well-positioned to achieve six consecutive years of revenue growth in 2025. We anticipate full year 2025 revenue growth of 12%-15%, with a midpoint of $69.2 million, representing a 13.5% increase compared to 2024. With that, I would like to turn the call over to Hadar Rahav, our CFO, who will discuss the financial result in detail. Thank you, Benny, and good morning, everyone. I will mainly focus on our non-GAAP results during this call, unless otherwise stated. A reconciliation of non-GAAP to GAAP measures is included in today's presentation in slide three. Additionally, all comparisons are on a year-over-year basis, unless otherwise noted. Now, please turn to slide seventeen for the financial highlights. We are pleased with how our team closed the year as we grow profitably. We concluded the fourth quarter of 2024 with a record revenue of $16.3 million, up 16.1% year-over-year. Our gross margin for the fourth quarter of 2024 was 75%. Please keep in mind that our gross margin may vary based on the revenue mix. Our gross R&D expenses for the fourth quarter of 2024 were $4.3 million, up 8.9% year-over-year. This reflects our focus on innovation and portfolio expansion. We received a grant of $113,000 from the Israel Innovation Authority during the quarter, compared to $190,000 in the same quarter last year. All innovation programs approved by the Israel Innovation Authority are nearing completion. In the first quarter, we received an additional grant of $100,000. However, beyond this period, there was no clear visibility regarding future grants. The company has submitted new proposals, which are still in the approval phase. Our net R&D expenses for the fourth quarter of 2024 were $4.1 million, an increase of $426,000 compared to the fourth quarter of 2023. We continue to actively promote our offerings to existing and prospective customers, which resulted in $4.1 million in sales and marketing expenses for the fourth quarter of 2024 and an increase of $776,000 from the fourth quarter of 2023. G&A expenses for the fourth quarter of 2024 were $1.2 million, an increase of $191,000 from the fourth quarter of 2023. Operating income for the fourth quarter of 2024 was $2.9 million, 18% of revenue, and an increase of $179,000 from the fourth quarter of 2023. Due to a low interest rate, which reduced financial income and higher tax expenses resulting from the use of accumulated losses, net income for the fourth quarter of 2024 remained steady at $3.8 million, unchanged from the same period in 2023. On a GAAP basis, as shown on slide twenty-one, our net income for the fourth quarter of 2024 was $2.2 million, a decrease of $344,000 compared to the fourth quarter of 2023. In the end of the fourth quarter of 2024, our headcount was 307. Now, let's turn to slide twenty-two with the full-year results. Consistent with our full-year guidance, we ended 2024 with record revenue of $61 million, up 82% from 2023. Our gross margin was 75% in 2024 compared to 74% in 2023. Our gross R&D expenses in 2024 were $16.6 million, a decrease of $273,000 compared to 2023. In 2025, we plan to increase our investment in R&D to develop additional automation and GenAI best capabilities and support our strategic partnerships and productization plans. We received a cumulative grant from the Israel Innovation Authority of $684,000 during the year. To support our growth, sales and marketing expenses in 2024 were $15.7 million compared to $12.7 million in 2023. As telecom operators continue to invest in 5G during 2025, we expect a gradual increase in sales and marketing to support an increasing pipeline of opportunities and expand our coverage in lucrative regions. G&A expenses for 2024 were $4.8 million, an increase of $929,000 compared to the entire year of 2023. Operating income grew 65.9% in 2024, reaching an all-time high of $9.5 million, or 16% of revenue, compared to an operating income of $5.7 million, or 11% in 2023. Net income for 2024 was a record of $13.5 million, representing 22% of revenue, or $0.83 per diluted share, compared to a net income of $10.2 million, or 20% of revenue, or a net income of $0.67 per diluted share in 2023. On a GAAP basis, as you can see on slide twenty-one, our net income for 2024 was another record at $7 million, or 11% of revenue, or $0.43 per diluted share, compared to $3.7 million, or 7% of revenue, or $0.24 per diluted share in 2023. In 2025, we believe the dollar-shekel ratio will stabilize at the current levels and doesn't require hedging. Turning to the balance sheet, as shown on slide twenty-three, our cash equivalents and short-term bank deposits as of December thirty-one, 2024, totaled $94.7 million. Thanks to our strong results, we generated a positive cash flow of $12.5 million ending 2024 with our highest cash balance. That concludes our prepared remarks. Thank you, and I will now turn the call back to the operator for your questions. Thank you. Ladies and gentlemen, at this time, we will begin the question and answer session. If you have a question, please press star one. If you wish to cancel your request, please press star two. If you are using speaker equipment, kindly lift the handset before pressing the numbers. Your questions will be polled in the order they are received. Please stand by while we poll for your questions. The first question is from Arjun Bhatia of William Blair. Please go ahead. Hey, guys. Thank you. This is Alinda Li here for Arjun. Congrats on a great Q4. Benny, can you give us more color on the Norlys deal and what that represents for the progress made in the geographic market expansion efforts moving forward? Sure, absolutely. Thank you for the question. Norlys deal is very important for us because it's introducing us to a market in Europe that and customer profile that is exactly what we're looking for. I believe it's the first time that we're going through a run-to-core portfolio offering efficiencies with GenAI capabilities. I hope that it will follow with additional wins in Europe that we're currently working on and open up mid-year markets for us that currently maybe with some of the incumbents. It's definitely a breaking all the 5G domain in general is, as I said, allowing us to get into those types of customer profiles. We're looking forward to more of those wins coming up. Awesome. Another question. With the go-to-market efforts, how do you feel about the current sales capacity? Any plans to expand? Sorry, I couldn't get the second part. Go-to-market for which part in general? Yes. Yes. Just general go-to-market efforts. How do you feel about the current sales capacity? You're looking to expand, different things like that. Thank you. Absolutely. Yes, absolutely. We're looking to expand. We're also looking to expand our partnerships. As announced, ServiceNow and more partners will follow and will announce more in the coming weeks. We will demonstrate this also in MWC in Barcelona in a couple of weeks. This is one go-to-market approach. We're also trying to fit our product offerings into mid-year, as I mentioned earlier. Together with the partnership and the mid-year offering, we believe that we can expand significantly to a new customer base. Awesome. Thank you. Thank you. The next question is from Ryan Koontz of Needham & Company. Please go ahead. Hi, this is Jeff Hopson on for Ryan Koontz. First and foremost, very sorry for your loss, Benny. I know you and your family are in our thoughts and in our prayers. Secondly, congrats on the great quarter. You've had kind of two years of really impressive operating leverage, and now you're talking about continuing to invest in R&D and sales for this year. How are you kind of thinking about driving more operating leverage versus investing back in the business? Thanks. First of all, thank you, Jeff, for the personal note. I appreciate it. What we feel, generally speaking, and I can elaborate a little bit more, is that the more we grow is to keep the same level of growth and profitability while investing in R&D, introducing new capabilities with GenAI and other partners. The general notion is that we will keep the same level of profitability on our operation side while investing in R&D moving forward. I hope I answered your question. Awesome. Thank you. Maybe one more. You've been driving great free cash flow and have record cash. Are you guys thinking of exploring any acquisitions, or are there any particular segments of the market that you find interesting right now? We are looking in different options. We're taking it. We're not in a hurry when it comes to M&A in general, but carefully, we're looking how to maybe expand our addressable market with areas that are closer to ours. Again, something that we're evaluating and are taking our time. Once we find the right candidate, we will pursue acquisitions. We're looking at it very carefully as we speak. Awesome. Thank you. Actually, if I could sneak one more in. Benny, I know you've just been in for probably just over two months now. What do you think your initial focus is going to be on RADCOM for driving this continued growth? Sure. I'm sorry if I'm repeating, but I think introducing partners and leveraging on big companies such as ServiceNow and others that we will announce very, very soon, I think will help us to expand. Also, to go together with, for example, ServiceNow will allow us to go and penetrate into areas that are outside of the network center. Going into the care domain will also help us to expand our addressable market. We believe that we can bring a lot of value when it comes to customer experience and can help our customers to improve those domains. I think we see the awards that our customers and ourselves awarded in the last quarter, and the plan is to continue to push for a better customer experience through our unique data set that can bring, with GenAI and other platforms like ServiceNow, a better customer experience. Awesome. Thank you very much, and congrats again, guys. Thank you. This concludes the question and answer session and RADCOM's fourth quarter 2024 results conference call. Thank you for your participation. You may go ahead and disconnect.