Supercom - SPCB STOCK NEWS

SuperCom (NASDAQ: SPCB) reported record-breaking financial results for FY 2024, marking significant achievements across key metrics. Revenue increased 4% to $27.6 million, with gross margin expanding to 48.4%. The company achieved its first full-year GAAP profitability since 2015 with a net income of $661,000.

Q4 2024 showed revenue growth of 11.6% to $6.33 million, though it recorded a net loss of $1.86 million due to one-time items including $1.5 million in bad debt expense. The company's four-year transformation (2020-2024) demonstrated substantial growth, with revenue increasing 134% from $11.8 million in 2020.

Recent business highlights include securing over 20 new electronic monitoring contracts across the US, expanding into seven new states, and winning national contracts in Israel and European countries. SuperCom also reduced its outstanding debt by 32% and raised over $16 million in early 2025 through a Registered Direct Offering and warrant exercises.

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for e-Government, IoT and Cybersecurity sectors, has scheduled its fourth quarter and full year 2024 financial results conference call for April 28, 2025, at 10:00 a.m. Eastern time. The company will release its financial results via press release before the call.

The conference call will feature a management presentation followed by a Q&A session, with multiple dial-in options available including U.S. toll-free (888-506-0062), Israel toll-free (1-809-423-853), and international (973-528-0011) numbers. The call will be accessible via webcast at the provided link.

SuperCom (NASDAQ: SPCB) has secured a new electronic monitoring (EM) contract in Kentucky, expanding its U.S. presence. The contract, awarded through a direct agreement with a government agency, involves deploying SuperCom's advanced GPS tracking technology under a per-unit daily lease model.

The solution is part of SuperCom's PureSecurity platform, featuring real-time location tracking, secure communication, and anti-tamper features designed to enhance public safety and streamline offender compliance monitoring. The company's President and CEO, Ordan Trabelsi, highlighted this achievement as evidence of growing recognition of their technology and strong reputation among local agencies throughout Kentucky.

SuperCom (NASDAQ: SPCB) has secured a new contract with a Midwest-based service provider to expand its electronic monitoring technology into Wisconsin, Minnesota, and Michigan. The partnership enables SuperCom to introduce its GPS and domestic violence monitoring solutions through a provider with over a decade of experience in community supervision programs.

The service provider selected SuperCom's proprietary domestic violence technology after thorough evaluation, noting its innovative architecture combining advanced security features with interactive mobile experience. This marks SuperCom's third regional service provider partnership in 2025, contributing to their expansion which has driven over 20 new U.S. contracts since summer 2024.

The collaboration will integrate SuperCom's PureSecurity Suite, featuring smartphone integration, secure communication, anti-tamper mechanisms, fingerprint biometrics, and extended battery life, into the provider's existing service offerings for enhanced public safety and supervision programs.

SuperCom (NASDAQ: SPCB) has secured a new contract with an Arizona-based service provider, marking its entry into its seventh new U.S. state since summer 2024. The partner, with over 25 years of experience in criminal justice rehabilitation services, will introduce SuperCom's electronic monitoring (EM) technology across Arizona, including potential opportunities with the State Department of Corrections.

The service provider will integrate SuperCom's advanced EM technology with its existing portfolio of court-approved programs, which include behavioral health treatment and domestic violence intervention. This partnership represents part of SuperCom's expansion strategy, which has resulted in over 20 new customer contracts since summer 2024.

SuperCom's PureSecurity Suite offers electronic monitoring capabilities with features including smartphone integration, secure communication, anti-tamper mechanisms, fingerprint biometrics, and extended battery life.

SuperCom (NASDAQ: SPCB) has secured its seventh national Domestic Violence (DV) electronic monitoring project in EMEA. The new program will implement SuperCom's PureTrack GPS and PureProtect technology to enhance public safety and victim protection.

The project is scheduled to launch in the next two quarters of 2025, with potential for long-term expansion. The solution provides real-time tracking, secure communication, and enhanced offender compliance monitoring, enabling law enforcement agencies to respond more effectively to domestic violence incidents and enforce protective orders.

This marks SuperCom's seventh national DV program, reinforcing its position in the electronic monitoring solutions market. The company's technology has been successfully deployed across multiple national programs, demonstrating growing demand and continued market expansion in the e-Government, IoT, and Cybersecurity sectors.

SuperCom (NASDAQ: SPCB) announced significant growth in its PureTrack GPS monitoring units within a major European nationwide electronic monitoring (EM) project. The company achieved over 200% growth in unit count by January 2025 and projects to exceed 400% growth by the end of 2025.

The expansion primarily focuses on the PureTrack GPS tracking component of SuperCom's PureSecurity suite, which enables continuous monitoring of offenders while allowing them mobility outside their homes. The unexpected surge in unit numbers demonstrates strong demand for the company's technology solutions and services in the European market.

The PureSecurity Suite includes advanced features such as smartphone integration, secure communication, anti-tamper mechanisms, fingerprint biometrics, voice communication, touch screens, and extended battery life.

SuperCom (NASDAQ: SPCB), a provider of e-Government, IoT, and Cybersecurity solutions, has announced a $6.0 million registered direct offering of 545,454 ordinary shares priced at $11.00 per share. The offering is expected to close around January 31, 2025, with Maxim Group serving as the sole placement agent.

The company plans to utilize the net proceeds for working capital, research and development, potential acquisitions, and other general corporate purposes. The offering is being conducted under SuperCom's shelf registration statement on Form F-3, which became effective on January 21, 2025.

SuperCom (SPCB) has secured a new multi-year national contract with a Nordic European country's government to develop, deliver, and maintain a national computerized system for driving license cards. The solution will utilize SuperCom's proprietary Magna™ e-Government platform and integrate with the country's governmental IT infrastructure, including e-ID and e-Passport systems.

The system will comply with EU and ICAO security standards, and SuperCom will provide long-term maintenance and support throughout the contract duration. The project leverages SuperCom's advanced ePassport, e-ID, and secured DL technology to enhance security, efficiency, and reliability in document issuance and delivery processes.