Radcom authorizes $20 million share repurchase program

Radcom Ltd. (NASDAQ: RDCM), a Tel Aviv-based provider of network intelligence solutions for telecom operators, announced that its Board of Directors has authorized a share repurchase program of up to $20 million of the company's ordinary shares, according to a press release.

The program is expected to remain in effect for up to 18 months. Repurchases may be made at management's discretion through open market or privately negotiated transactions, including under Rule 10b5-1 plans, as permitted by applicable law.

The company stated that repurchases will not commence until a mandatory 30-day period expires, during which creditors may object to the program under Israeli corporate regulations.

The program does not obligate Radcom to repurchase any specific number of shares and may be modified, suspended, or discontinued at any time.

Chief Executive Officer Benny Eppstein said: "We are confident in Radcom's prospects, and believe repurchasing our shares is a compelling use of capital. With a strong balance sheet and no debt, we can return capital to shareholders while continuing to invest in the AI-native innovation that drives our business."

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