Supercom Stock Price, News & Analysis

SuperCom (NASDAQ: SPCB) reported Q3 2022 revenue of $6.3 million, a 102% increase from Q3 2021. Gross profit rose to $2.1 million, doubling last year's figure. The company achieved positive EBITDA of $0.4 million, recovering from a loss last year. Key accomplishments include winning a $33 million electronic monitoring project in Romania, among others. R&D expenses increased 52% to support product development, while sales and marketing expenses rose 41%. Cash reserves decreased to $3.1 million from $4.6 million at year-end.

SuperCom (NASDAQ: SPCB) will discuss its Q3 2022 financial results in a conference call on October 26, 2022, at 9:00 a.m. ET. The results will be released prior to the call. Interested parties can join the call using the provided dial-in information. SuperCom specializes in secured solutions for e-Government, IoT, and Cybersecurity, offering innovative products and services globally since 1988. For more details, visit www.supercom.com.

SuperCom (NASDAQ: SPCB) announced a new contract worth $1.7 million with an existing customer in its e-Government division. The contract entails the delivery of products and services over the next six months, starting by the end of October 2022. The company has been servicing this customer for over a decade, indicating strong customer satisfaction. SuperCom aims to enhance its technological capabilities while expanding its global customer base.

SuperCom (NASDAQ: SPCB) has announced the execution of a contract with Romania's Ministry of Interior for a $33 million electronic monitoring project aimed at domestic violence prevention. The project will utilize SuperCom's PureSecurity Suite, which includes advanced tracking and monitoring technologies. The initial order delivery of over $7 million is expected by October 1, 2022. This initiative expands SuperCom's presence in the EU and is expected to enroll up to 15,000 offenders. It marks Romania's first electronic monitoring program, indicating growing recognition of SuperCom's technology.

SuperCom (NASDAQ: SPCB), a global leader in secured solutions for e-Government, IoT, and Cybersecurity, announced its participation in the H.C. Wainwright Annual Global Investment Conference from September 12-14, 2022, in New York City. President and CEO Ordan Trabelsi will deliver a corporate overview and hold one-on-one meetings on September 12 and 13. The presentation will be available starting at 7:00 a.m. ET on September 12, 2022. Interested investors can register for the event and access the presentation via SuperCom’s official website.

SuperCom (NASDAQ: SPCB) has secured a contract exceeding $33 million from a national government of an EU member state to implement its PureSecurity Electronic Monitoring Suite for domestic violence and offender tracking programs. This initiative marks the country's first EM project, involving up to 15,000 enrollees and enhancing public safety. The contract will generate revenue over five years with additional services. SuperCom expects to launch the program within 90 days, strengthening its position in the European market amidst anticipated future tenders valued over $200 million.

SuperCom (NASDAQ: SPCB) announced a new contract with a major private probation and drug testing company in Kentucky, marking its 10th contract win in the USA within a year. The deal includes the supply of SuperCom's proprietary electronic monitoring (EM) solutions, focusing on GPS tracking for various programs. The initial order involves over 50 units, with potential future orders of up to 100 units. This contract utilizes a per unit lease model, generating recurring revenue. SuperCom aims to address prison overcrowding and recidivism rates through this partnership.

SuperCom (SPCB) reported a revenue of $3.2 million for Q2 2022, reflecting year-over-year growth from $3.1 million and sequential growth from $3.0 million. The gross margin was 40%, down from 58%, due to high transitional costs and global supply chain disruptions. R&D expenses rose to $0.93 million, and sales/marketing expenses increased to $0.76 million, indicating investment in growth. EBITDA was - $0.72 million and cash equivalents decreased to $3.9 million. New contracts were secured in various U.S. states and Europe, enhancing market reach.

SuperCom (NASDAQ: SPCB) will hold a conference call on August 9, 2022, at 8:30 a.m. Eastern time to discuss its second-quarter financial results for the period ending June 30, 2022. A press release with financial results will precede the call. Management will also conduct a Q&A session following the discussion. Interested participants can join via various dial-in numbers listed in the announcement. Founded in 1988, SuperCom specializes in identity solutions for e-Government, IoT, and cybersecurity sectors.