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SuperCom Ltd - SPCB STOCK NEWS

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

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'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's position in the market.

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
Rhea-AI Summary
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
Rhea-AI Summary
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
Rhea-AI Summary
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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-6.32%
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SuperCom Announces New EM Contract in California
Rhea-AI Summary
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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-5.26%
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SuperCom Wins New Project in Canada
Rhea-AI Summary
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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-6.9%
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SuperCom Secures New USA Electronic Monitoring Contract for its PureOne and Domestic Violence Solutions
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.
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SuperCom Reports 550% YoY EBITDA Growth and 5-Year-Record Net Profit for the Third Quarter 2023
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.
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13.51%
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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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8.82%
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SuperCom Receives Third Order Valued at Over $3.4 Million from Romania's Ministry of Interior
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.
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SuperCom Ltd

Nasdaq:SPCB

SPCB Rankings

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SPCB Stock Data

1.84M
4.88M
7.14%
5.27%
1.59%
Semiconductor and Related Device Manufacturing
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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