Supercom Stock Price, News & Analysis

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.

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.

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.