Welcome to our dedicated page for SuperCom Ltd. news (Ticker: $SPCB), a resource for investors and traders seeking the latest updates and insights on SuperCom Ltd. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SuperCom Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SuperCom Ltd.'s position in the market.
Rhea-AI Summary
SuperCom (NASDAQ: SPCB) expands its US footprint in Kentucky with new proprietary technologies, securing a contract with a prominent Kentucky-based service provider of electronic monitoring products and services. The contract includes the deployment of SuperCom's newest proprietary technologies, the PureOne GPS bracelet and domestic violence monitoring solutions, to enhance public safety and support rehabilitation efforts in communities across Kentucky.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
News
Rhea-AI Summary
SuperCom (NASDAQ: SPCB) reports strong Q3 2023 financial results, with revenue reaching $6.8 million, gross margin at 59.4%, EBITDA at $2.7 million, and Non-GAAP EPS at $0.24. The company experienced significant growth in revenue, gross profit, operating income, EBITDA, and net income compared to the same period in 2022. Recent business highlights include substantial orders from Romania's Ministry of Interior, a $3 million contract in California, and an expansion in Finland. SuperCom also launched new projects in Iceland and successfully closed a $2.75 million public offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.51%
Tags
-
Rhea-AI Summary
SuperCom (NASDAQ: SPCB) to Hold Conference Call to Discuss Q3 2023 Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.82%
Tags
Rhea-AI Summary
SuperCom receives a third order valued at $3.4 million from Romania's Ministry of Interior for their National Electronic Monitoring Project. The order is expected to be delivered by the end of Q4 2023, following the successful execution of two prior orders totaling $15.1 million. SuperCom's PureSecurity Suite will be used for domestic violence monitoring, GPS tracking of offenders, and home detention monitoring.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.6%
Tags
-
Rhea-AI Summary
SuperCom secures new national program with the government of Finland for its Domestic Violence Monitoring Solution, expected to generate recurring revenue in Q4 2023. The project expands SuperCom's relationship with Finland and demonstrates trust in its solutions. PureSecurity Suite offers innovative features for electronic monitoring and tracking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.27%
Tags
-
Rhea-AI Summary
SuperCom receives letter from Nasdaq regarding non-compliance with minimum bid price requirement. Expects to regain compliance within 180 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.65%
Tags
Rhea-AI Summary
SuperCom secures new alcohol monitoring contract in California with a potential value of up to USD 3 million over 3 years. The contract builds on the company's success in delivering high-quality services and strengthens its position in the electronic monitoring industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.69%
Tags
-
Rhea-AI Summary
SuperCom (NASDAQ: SPCB) Announces Pricing of Public Offering at $0.85 Per Unit with Gross Proceeds of $2.75 Million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
SuperCom reports strong financial results for Q2 2023, with a 141% increase in revenue to $7.7 million, a positive EBITDA of $0.9 million, and a non-GAAP EPS of $0.07. The trailing twelve-month period also showed significant growth, with revenue increasing by 106% to $25.5 million and EBITDA reaching $2.5 million. The company's recent business highlights include the implementation of a $33 million national electronic monitoring project in Romania and the launch of new projects in Finland and Iceland. SuperCom's management is optimistic about the company's sustained growth and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
Tags
Rhea-AI Summary
SuperCom, a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, will hold a conference call on July 31, 2023, to discuss its financial results for the second quarter of 2023. The call will be hosted by SuperCom management and will include a question-and-answer period. Dial-in information and a link to the webcast are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.39%
Tags
SuperCom Ltd.
Nasdaq:SPCB
SPCB Rankings
SPCB Stock Data
6.20M
4.88M
7.14%
5.27%
1.59%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
20 Lincoln St
About SPCB
since 1988, supercom(nasdaq:spcb) has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. through its proprietary e-government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, supercom has inspired governments and national agencies to design and issue secured multi-id documents and robust digital identity solutions to its citizens and visitors. supercom offers advanced, secure mobile payments ranging from mobile wallet to mobile pos, using a set of components and platforms to enable secure mobile payments and financial services. supercom is a global provider of a unique all-in-one field-proven rfid & mobile puresecurity advanced solutions suite, accompanied by advanced complementary services for various industries, including healthcar