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SuperCom, Ltd - SPCB STOCK NEWS

Welcome to our dedicated page for SuperCom news (Ticker: SPCB), a resource for investors and traders seeking the latest updates and insights on SuperCom stock.

SuperCom Ltd (NASDAQ: SPCB) has been a leading global provider of traditional and digital identity solutions since 1988. Headquartered in Israel, the company focuses on delivering advanced safety, identification, tracking, and security products to an international clientele, including governments and organizations across various sectors. SuperCom's business is structured around three main Strategic Business Units: e-Gov, IoT and Connectivity, and Cyber Security. These units offer a broad spectrum of solutions, such as national ID registries, e-passports, biometric visas, automated fingerprint identification systems, and electronic voter registration and election management.

The company's flagship products include the PureSecurity Suite, an end-to-end electronic monitoring solution that incorporates state-of-the-art GPS tracking, secure communication, and real-time monitoring technologies. This comprehensive suite addresses the needs of various industries, including healthcare, law enforcement, public safety, and domestic violence prevention.

SuperCom recently achieved significant milestones, reflecting its robust growth and financial health. In 2023, the company reported a 51% increase in annual revenues, reaching a five-year record of $26.6 million. EBITDA also saw substantial growth, increasing to $4.8 million. Notable projects contributing to this success include a $33 million national domestic violence project and multiple high-value projects across Europe and California.

SuperCom's innovative approach extends to its recent technological advancements, including the integration of AI capabilities into its PureSecurity platform and the launch of new solutions like PureProtect for domestic violence monitoring and PureOne for the North American market. These innovations have positioned the company as a frontrunner in the electronic monitoring industry.

In addition to its strong financial performance, SuperCom continues to expand its global footprint. The company has secured significant contracts in Europe and North America, further solidifying its reputation for delivering reliable, high-quality solutions. Recent victories include a $2 million contract in California for re-entry services for adult inmates and a $5 million order from European governments.

SuperCom's commitment to excellence and innovation has earned it a win rate of over 65% in national government tenders in Europe. The company aims to replicate this success in new markets, including the USA and Canada. SuperCom's long-term vision is to leverage its technological advancements and strategic market initiatives to drive continuous growth and deliver exceptional value to shareholders and clients alike.

News

SuperCom Reports 51% Annual Revenue Growth, Non-GAAP EPS of $0.47 and 5-Year-Record EBITDA of $4.8 million for Full Year 2023

Rhea-AI Summary
SuperCom reports impressive financial results for the full year 2023, including a 51% annual revenue growth, Non-GAAP EPS of $0.47, and a 5-year-record EBITDA of $4.8 million. The company achieved significant milestones in revenue, EBITDA, and gross profit, showcasing strong performance across its segments and regions. SuperCom also secured several high-value contracts and projects in California, Canada, Romania, and Finland, highlighting its global expansion and technological advancements. Management expressed confidence in sustaining growth momentum and enhancing shareholder value in the upcoming year.
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SuperCom to Report Fourth Quarter and Full Year 2023 Financial Results on April 22, 2024

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SuperCom (NASDAQ: SPCB) will announce its fourth quarter and full-year 2023 financial results on April 22, 2024, followed by a conference call to discuss the outcomes. The company specializes in secured solutions for e-Government, IoT, and Cybersecurity sectors, and the call will provide insights into its performance for the year ended December 31, 2023.
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SuperCom Announces Pricing of $2.9 Million Registered Direct Offering

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SuperCom (SPCB) has announced a registered direct offering of approximately $2.9 million, with a combined effective purchase price of $0.36 per ordinary share and a warrant. The offering includes the sale of 8,116,155 ordinary shares (or pre-funded warrants) and warrants to purchase up to an aggregate of 8,116,155 ordinary shares. The warrants will have an exercise price of $0.38 per ordinary share and will expire five years from the date of issuance. Maxim Group is the sole placement agent for the offering.
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SuperCom Wins New Project in California Valued at Up to $2.0 million

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SuperCom's subsidiary, Leaders in Community Alternatives (LCA), secures a $2 million project in California to provide re-entry services for adult inmates, aiming to reduce recidivism. The project spans over 5 years, with annual revenues of $400 thousand, reflecting SuperCom's commitment to public safety and community impact.
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SuperCom Announces New EM Contract in California

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SuperCom (SPCB) announces a new contract with a California services provider in the judicial sector, displacing an incumbent competitor with its innovative PureOne solution. The contract is already operational and generating revenue, reflecting SuperCom's successful expansion in the US market. The partnership offers substantial opportunities for scaling and long-term collaboration, highlighting the resilience and adaptability of SuperCom's business model. CEO Ordan Trabelsi emphasizes the company's commitment to innovation and customer satisfaction, viewing the recent wins as indicators of growing influence and expansion potential.
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SuperCom Wins New Project in Canada

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SuperCom (SPCB) announces a new project win with a Canadian industry partner in the tracking solutions sector, marking a milestone in the company's history. The project involves transitioning to new GPS technologies and is set to launch in the first quarter of 2024, with potential for significant expansion. This collaboration showcases SuperCom's commitment to innovation and ability to adapt to evolving client needs.
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SuperCom Secures New USA Electronic Monitoring Contract for its PureOne and Domestic Violence Solutions

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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.
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SuperCom Reports 550% YoY EBITDA Growth and 5-Year-Record Net Profit for the Third Quarter 2023

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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.
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SuperCom to Report Third Quarter 2023 Financial Results on November 14, 2023

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SuperCom (NASDAQ: SPCB) to Hold Conference Call to Discuss Q3 2023 Financial Results
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SuperCom Receives Third Order Valued at Over $3.4 Million from Romania's Ministry of Interior

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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.
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FAQ

What is the current stock price of SuperCom (SPCB)?

The current stock price of SuperCom (SPCB) is $3.64 as of November 15, 2024.

What is the market cap of SuperCom (SPCB)?

The market cap of SuperCom (SPCB) is approximately 6.5M.

What does SuperCom Ltd do?

SuperCom Ltd is a global provider of traditional and digital identity solutions, offering advanced safety, identification, tracking, and security products to governments and organizations.

What are the main business units of SuperCom?

SuperCom's main business units are e-Gov, IoT and Connectivity, and Cyber Security.

What is the PureSecurity Suite?

The PureSecurity Suite is an end-to-end electronic monitoring solution with state-of-the-art GPS tracking, secure communication, and real-time monitoring technologies.

How did SuperCom perform financially in 2023?

In 2023, SuperCom reported a 51% increase in annual revenues, reaching a five-year record of $26.6 million and an EBITDA growth to $4.8 million.

What are some of SuperCom's recent projects?

Recent projects include a $33 million national domestic violence project, multiple high-value projects in Europe and California, and a $5 million order from European governments.

What new products has SuperCom launched?

SuperCom has launched PureProtect for domestic violence monitoring and PureOne for the North American market.

What is SuperCom's win rate in government tenders?

SuperCom has a win rate of over 65% in national government tenders in Europe.

What geographical regions does SuperCom operate in?

SuperCom operates in Africa, European countries, South America, the United States, Israel, and the Asia Pacific.

What are the financial highlights of SuperCom's Q1 2024?

In Q1 2024, SuperCom reported revenue of $6.9 million, net income of $0.8 million, and EBITDA of $2 million.

What recent contracts has SuperCom secured?

Recent contracts include a $2 million project in California for re-entry services and a $5 million order from European governments.

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SuperCom, Ltd

Nasdaq:SPCB

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SPCB Stock Data

6.55M
1.46M
9.02%
1.33%
0.52%
Security & Protection Services
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United States of America
Tel Aviv-Yafo