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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.

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SuperCom (NASDAQ: SPCB) reported strong financial performance for Q4 2022, achieving a 69% year-over-year revenue increase to $5.1 million and a 44% increase in annual revenue to $17.7 million. The company turned a non-GAAP net profit of $2.2 million in Q4, compared to a ($0.2 million) loss the prior year. Additionally, the non-GAAP EPS improved to $0.53, a significant rise from ($0.1) last year. Operating losses narrowed to $2.0 million from $4.6 million. The company secured contracts totaling over $33 million in Romania, Finland, and other locations, highlighting substantial growth in European markets.

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SuperCom (NASDAQ: SPCB) has announced a conference call scheduled for April 20, 2023, at 10 a.m. Eastern Time to discuss its financial results for the year ending December 31, 2022. This call will follow a press release detailing the financial outcomes. Interested parties are encouraged to join the call and ask questions after the presentation. SuperCom specializes in secured solutions for e-Government, IoT, and Cybersecurity, providing advanced safety and identification solutions globally since 1988. For more insights and the latest updates, visit SuperCom's website.

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SuperCom (NASDAQ: SPCB) has closed a registered direct offering and concurrent private placement, raising approximately $2.4 million. The offering involved the purchase and sale of 1,517,615 ordinary shares and warrants, priced at $1.60 per share. The warrants have an exercise price of $1.66 and are valid for five years. Proceeds will support general corporate purposes, including research and development and project deployment. Maxim Group LLC acted as the placement agent. The offering is registered under the SEC's Form F-3, declared effective in December 2021.

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SuperCom (NASDAQ: SPCB) announced a registered direct offering worth $2.4 million for approximately 1,517,615 ordinary shares at a combined price of $1.60 per share/warrant. The offering includes warrants to purchase an equal number of shares at $1.66 exercise price, expiring in five years. This follows an agreement to amend existing warrants to the same exercise price. The transaction, facilitated by Maxim Group LLC, is expected to close around March 31, 2023. The shares are offered under the SEC's shelf registration statement (File No. 333-261442).

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SuperCom (NASDAQ: SPCB) announced a second order valued at approximately $7.1 million from Romania's Ministry of Interior for the National Electronic Monitoring Project. This follows the successful completion of the project's first phase, which had an initial order exceeding $8 million. The delivery is expected within the first half of 2023. CEO Ordan Trabelsi highlighted the company's role in enhancing public safety and emphasized a strong pipeline exceeding $200 million in potential projects. SuperCom's PureSecurity EM Suite offers advanced monitoring solutions, reinforcing its leadership in the electronic monitoring market.

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SuperCom (NASDAQ: SPCB) announced on March 13, 2023, that it has no banking exposure to Silicon Valley Bank or Signature Bank. This announcement clarifies that neither SuperCom nor its subsidiaries hold any financial relationships with these banks. SuperCom is a provider of secured solutions across e-Government, IoT, and Cybersecurity sectors, offering identity solutions and advanced technology to governments worldwide.

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SuperCom (NASDAQ: SPCB) has initiated a $3.6 million electronic monitoring project in Finland, aimed at enhancing public safety while reducing prison overcrowding and recidivism. Following a competitive bidding process involving six companies, SuperCom successfully launched its PureSecurity Electronic Monitoring Suite, expected to support over 1,000 offenders simultaneously for four years. Revenue will depend on actual usage, primarily from leasing equipment and maintenance. The project reflects a growing demand for advanced monitoring solutions, with deployment expected to generate recurring revenue soon.

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SuperCom (NASDAQ: SPCB), a leader in secured solutions for e-Government, IoT, and Cybersecurity, announced that President and CEO Ordan Trabelsi will present at the Sidoti Virtual Investor Conference on January 18-19, 2023. The corporate overview will begin at 09:15 AM ET on January 19. Investors can register for the presentation and one-on-one meetings here. The presentation will also be available on SuperCom's website www.supercom.com.

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FAQ

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

The current stock price of SuperCom (SPCB) is $3.5 as of December 24, 2024.

What is the market cap of SuperCom (SPCB)?

The market cap of SuperCom (SPCB) is approximately 6.9M.

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.

SuperCom, Ltd

Nasdaq:SPCB

SPCB Rankings

SPCB Stock Data

6.90M
1.82M
9.02%
1.28%
2.44%
Security & Protection Services
Industrials
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United States of America
Tel Aviv