SuperCom Reports 21% Revenue Growth for the Third Quarter of 2026

Cash and cash equivalents reached $12.921 million, while long-term loans increased to $19.764 million.

Rhea-AI Summary

SuperCom (NASDAQ: SPCB) reported third-quarter 2026 revenue growth of 21%, alongside lower GAAP earnings and an operating loss. Revenue reached $7.5 million, versus $6.2 million a year earlier. Net income fell to $54,000 from $691,000, while operating results swung to a $289,000 loss from a $639,000 profit. EBITDA, a company-defined adjusted earnings measure, rose to $2.575 million from $2.153 million.

For the first nine months, revenue reached $23.185 million, versus $20.412 million, but GAAP net income fell to $2.486 million from $6.011 million; the prior period included $4.1 million in extraordinary financial gains. U.S. electronic monitoring quarterly recurring revenue increased approximately 255%. SuperCom secured additional U.S. contracts and European orders exceeding $3 million, and completed a $7.5 million common-share offering. After quarter-end, it won further contracts in Texas and New York and introduced SafeGenie for monitoring AI agents.

21 points · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 14 points

How the balance works

Positive

• Major pointCompleted common-share offering raised $7.5 million. 14% of market cap
• Moderate pointThird-quarter revenue grew 21% to $7.5 million, versus $6.2 million a year earlier.
• Moderate pointThird-quarter EBITDA increased to $2.575 million from $2.153 million a year earlier.
• Moderate pointU.S. electronic monitoring quarterly recurring revenue increased approximately 255%.
• Moderate pointNine-month revenue increased to $23.185 million from $20.412 million a year earlier.
• Moderate pointNine-month gross profit increased to $13.411 million from $12.461 million a year earlier.
• Moderate pointNine-month EBITDA increased to $9.865 million from $7.219 million a year earlier.
• Moderate pointEuropean Ministry of Justice orders totaled over $3 million. 5.5% of market cap

13 minor points

• Minor pointShareholders' equity reached $55.620 million at September 30, versus $43.512 million at December 31, 2025.
• Minor pointCash and cash equivalents reached $12.921 million, versus $9.829 million at December 31, 2025.
• Minor pointIndiana county contract marked entry into the 21st new U.S. state since mid-2024.
• Minor pointIllinois county contract supports a sheriff's office's new work-release program.
• Minor pointUtah county contract followed an existing customer's recommendation and a technology trial.
• Minor pointTexas juvenile probation agency awarded a new county-level monitoring contract during the quarter.
• Minor pointOhio awarded a second monitoring contract, replacing an incumbent of more than a decade.
• Minor pointNew York awarded a sixth new monitoring contract, replacing the county's incumbent provider.
• Minor pointKansas county contract established entry into the state with PureOne technology.
• Minor pointGeorgia-based electronic monitoring service provider awarded a new contract.
• Minor pointMichigan monitoring contract replaced an incumbent provider of more than 10 years.
• Minor pointPost-quarter Texas wins added two county-level contracts with adult and juvenile probation agencies.
• Minor pointPost-quarter New York win added a direct county-level contract with an adult probation and parole agency.

Negative

• Major pointCompleted $7.5 million ordinary-share offering issued new shares, diluting existing holders. 14% of market cap
• Moderate pointThird-quarter GAAP net income fell to $54,000 from $691,000; EPS fell to $0.01 from $0.14.
• Moderate pointThird-quarter operating results swung to a $289,000 loss from a $639,000 profit.
• Moderate pointThird-quarter operating expenses increased to $4.015 million from $3.144 million a year earlier.
• Moderate pointThird-quarter foreign currency loss increased to $1.349 million from $433,000 a year earlier.
• Moderate pointNine-month GAAP net income fell to $2.486 million from $6.011 million, which included $4.1 million extraordinary gains.
• Moderate pointNine-month operating profit decreased to $1.796 million from $2.957 million a year earlier.
• Moderate pointNine-month operating expenses increased to $11.615 million from $9.504 million a year earlier.
• Moderate pointNine-month foreign currency loss increased to $3.520 million from $887,000 a year earlier.
• Moderate pointNine-month non-GAAP net income fell to $7.538 million from $9.325 million; EPS fell to $1.32 from $2.17.

4 minor points

• Minor pointThird-quarter gross profit decreased to $3.726 million from $3.783 million a year earlier.
• Minor pointThird-quarter non-GAAP net income slipped to $1.867 million from $1.900 million; EPS fell to $0.30 from $0.39.
• Minor pointNine-month GAAP EPS declined to $0.43 from $1.40 a year earlier.
• Minor pointLong-term loans increased to $19.764 million at September 30, versus $18.713 million at December 31, 2025.

News Explained

At September 30, 2026, SuperCom reported cash and equivalents of $12,921 thousand and a long-term loan of $19,764 thousand; shareholders’ equity was $55,620 thousand, up from $43,512 thousand at December 31, 2025.

Key Figures

Q3 revenue: $7.5 million; up 21% GAAP net income: $0.054 million versus $0.7 million Non-GAAP EPS: $0.30 versus $0.39 +5 more

Q3 revenue

$7.5 million; up 21%

Third quarter 2026 versus third quarter 2025

GAAP net income

$0.054 million versus $0.7 million

Third quarter 2026 versus third quarter 2025

Non-GAAP EPS

$0.30 versus $0.39

Third quarter 2026 versus third quarter 2025

EBITDA

$2.6 million; up 20%

Third quarter 2026 versus third quarter 2025

Nine-month revenue

$23.2 million; up 14%

First nine months of 2026 versus first nine months of 2025

Non-GAAP net income

$7.5 million; up 45%

First nine months, excluding extraordinary financial gains recorded in H1-25

EBITDA

$9.9 million; up 36.7%

First nine months of 2026 versus first nine months of 2025

Registered direct offering

$7.5 million

Completed common-only offering; net proceeds intended for working capital and general corporate purposes

Key Terms

ebitda, non-gaap, registered direct offering

3 terms

ebitda financial

"EBITDA¹ of $2.6 million, an increase of 20%"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

non-gaap financial

"Non-GAAP Net Income of $1.9 million compared to $1.9 million."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

registered direct offering financial

"Completed a $7.5 million registered direct common-only offering"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Q3 2026: Revenue of $7.5 million, EBITDA of $2.6 million, Non-GAAP EPS of $.30

First Nine Months 2026: Revenue of $23.2 million; EBITDA of $9.9 million

TEL AVIV, Israel, Nov. 12, 2026 /PRNewswire/ -- SuperCom Ltd. ("SuperCom" or the "Company") (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT and Cybersecurity sectors, today reported results for the third quarter ended September 30, 2026.

Third Quarter 2026 Financial Highlights (Compared to the Third Quarter of 2025):  

• Revenue of $7.5 million, an increase of 21% compared to $6.2 million.
• Gross Profit of $3.7 million, with gross margin of 50%, compared to $3.8 million.

• GAAP Net Income of $0.054 million, compared to $0.7 million, reflecting $0.38 million in additional costs from a 10% USD depreciation against the NIS and a $0.45 million (70%) increase in sales and marketing expenses, driven by headcount expansion to support future revenue growth.

• Non-GAAP Net Income of $1.9 million compared to $1.9 million.
• Non-GAAP EPS of $0.30.
• EBITDA¹ of $2.6 million, an increase of 20% compared to $2.2 million.
• Total shareholders' equity increased 28% to $55.6 million from $43.5 million as of December 31, 2025.
• SuperCom's electronic monitoring ("EM") technology quarterly recurring revenues in the U.S. increased approximately 255%, reflecting rapid expansion across the United States.

First Nine Months Ended September 30, 2026 Financial Highlights (Compared to the First Nine Months of 2025): 

• Revenue of $23.2 million, an increase of 14% compared to $20.4 million.
• Gross Profit of $13.4 million, with gross margin of 57.8%, compared to $12.5 million.
• Excluding the extraordinary financial gains of $4.1 million recorded in H1-25, GAAP Net Income increased by 32% to $2.5 million from $1.9 million.
• GAAP EPS of $.43.
• Excluding the extraordinary financial gains of $4.1 million recorded in H1-25, Non-GAAP Net Income increased by 45% to $7.5 million from $5.2 million.
• Non-GAAP EPS of $1.32.
• EBITDA¹ of $9.9 million, an increase of 36.7% compared to $7.2 million.

"We are pleased to report another strong quarter, with 21% revenue growth," commented Ordan Trabelsi, President and CEO of SuperCom. "Our results continue to reflect the operating leverage in our model. As our programs mature and more monitoring units are deployed, upfront onboarding and deployment costs are spread across a growing recurring revenue base, and we are seeing that dynamic in our profitability, despite continued foreign currency headwinds from the stronger Israeli shekel."

"Our electronic monitoring business continues to expand across both of our core markets. In the U.S., we have now secured more than 50 new electronic monitoring contracts and entered 21 new states since mid-2024, including our first contracts in Illinois and Indiana. Many of these wins replace long-standing incumbents. In Texas, every one of our five contracts since entering the state in December 2025 has involved displacing an incumbent provider, and our latest Utah contract came directly from the recommendation of an existing customer. In Europe, our more than 20 national project wins, including our new national program in Sweden, give us a strong foundation for continued growth."

"Following the quarter, we also introduced SafeGenie, a cybersecurity product suite for the real-time monitoring and control of autonomous AI agents, built on the proven kernel-level endpoint security technology of our subsidiary Safend. Electronic monitoring remains our primary growth driver, and SafeGenie complements it, creating an additional opportunity from technology and customer relationships we already have. With strong profitability with a TTM EBITDA of $12 million, a strong balance sheet and a growing pipeline across the U.S. and Europe, we believe SuperCom is well positioned to continue scaling its recurring revenue base globally."

Third Quarter 2026 Business and Operational Highlights:

• Secured a direct county-level electronic monitoring contract with a community corrections agency in Indiana, marking the Company's entry into its 21^st new U.S. state since mid-2024.
• Secured a direct county-level electronic monitoring contract in Illinois to support a county sheriff's office in launching its newly established work-release program.
• Secured a new county-level electronic monitoring contract with a Utah sheriff's agency directly following the recommendation of an existing SuperCom customer in another county and a trial of SuperCom's technology.
• Won a new county-level electronic monitoring contract with a juvenile probation agency in the state of Texas.
• Won a second EM contract in Ohio, displacing an incumbent of more than a decade.
• Won a sixth new EM contract in New York, representing a full displacement of the county's incumbent service provider of more than four years.
• Entered Kansas with a new county-level contract for PureOne technology.
• Received new orders from a European country's Ministry of Justice valued at over $3 million.
• Completed a $7.5 million registered direct common-only offering of Company ordinary shares, with net proceeds intended for working capital and general corporate purposes, including continued deployment of new and existing government contracts in the U.S. and Europe.
• Secured a new contract with large Georgia-based EM service provider.
• Signed a new EM contract in Michigan, displacing an incumbent provider of more than 10 years.

Subsequent Events:

• Won two new county-level electronic monitoring contracts with adult and juvenile probation agencies in the state of Texas.
• Secured a direct county-level electronic monitoring contract with an adult probation and parole agency in New York State.
• Introduced SafeGenie, a cybersecurity product suite for the real-time monitoring and control of autonomous artificial intelligence (AI) agents.

1. EBITDA is a non-GAAP measure defined in the section titled "Use of Non-GAAP Financial Information" below and reconciled to the most directly comparable GAAP measure at the end of this release.

Conference Call
The Company will hold a conference call on Thursday, November 12, 2026, at 10 a.m. Eastern time (7 a.m. Pacific Time / 5 p.m. IL time) to discuss its financial results for the third quarter ended September 30, 2026.

Conference Call Dial-In Information:

Date:                            Thursday, November 12, 2026  
Time:                           10 a.m. Eastern time (7 a.m. Pacific time / 5 p.m. Israel time)
U.S. toll-free:               888-506-0062
Israel toll-free:            1-809-423-853
International:              973-528-0011
Access Code:             SuperCom 
Webcast:                     https://www.webcaster5.com/Webcast/Page/2259/54778

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.

About SuperCom 
Founded in 1988, SuperCom (NASDAQ: SPCB) is a global provider of IoT, cybersecurity, and digital identity solutions for governments and enterprises worldwide.

SuperCom's IoT solutions combine proprietary wearable devices, communications technology, and monitoring software to deliver real-time electronic monitoring for public safety. Its PureSecurity suite, including the PureOne GPS monitoring solution and the PureProtect domestic violence monitoring solution, is deployed in government programs across Europe and North America.

Through its wholly owned cybersecurity subsidiary Safend, SuperCom provides endpoint data protection, data loss prevention, encryption, and device and port control solutions, helping organizations protect sensitive information and prevent unauthorized data access and transfer. SuperCom has also introduced SafeGenie, a suite for the real-time monitoring and control of AI agents.

SuperCom also delivers e-Government solutions for secure identification, biometric enrollment, document issuance, and border control.

For more information, please visit www.supercom.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical or current facts. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the statements made. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the levels of consumer, business and economic confidence generally, the adverse effects of these risks on our business or the market price of our ordinary shares, and other risks and uncertainties described in the forward-looking statements and in the section captioned "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 28, 2026, our reports on Form 6-K filed from time to time with the SEC and our other filings with the SEC. Except as required by law, we do not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

Results presented in this press release are based on management's estimated unaudited analysis of financial results for the presented periods. SuperCom's independent registered accounting firm has not audited the financial data discussed in this press release. During the course of SuperCom's quarter- and fiscal year-end closing procedures and review process, SuperCom may identify items that would require it to make adjustments, which may be material, to the information presented in this press release. As a result, the estimated financial results constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to such results.

Use of Non-GAAP Financial Information
In addition to disclosing financial results calculated in accordance with the generally accepted accounting principles in the United States ("GAAP"), this release also contains non-GAAP financial measures, which SuperCom believes are the principal indicators of the operating and financial performance of its business.

Management believes the non-GAAP financial measures provided are useful to investors' understanding and assessment of SuperCom's ongoing core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the company. Management uses these non-GAAP financial measures as a basis for strategic decisions, forecasting future results and evaluating the Company's current performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

Non-GAAP EPS is defined as earnings before amortization and other non-cash or one-time expenses divided by weighted average outstanding shares.

EBITDA is defined as earnings before interest, taxes, depreciation, amortization, and other non-cash or one-time expenses.

SuperCom Investor Relations:
ir@supercom.com

 

 

SUPERCOM LTD.
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)
		As of September 30,		As of December 31,
		2026		2025
		Unaudited		Audited
CURRENT ASSETS
Cash and Cash Equivalents		12,921		9,829
Bank Deposits		-		2,366
Restricted Bank Deposits		9		57
Accounts Receivable		15,133		15,045
Patents		5,283		5,283
Other Accounts Receivable and Prepaid Expenses		2,031		2,566
Inventories, Net		3,419		2,209
Total Current Assets		38,796		37,355
LONG-TERM ASSETS
Long-Term Trade Receivables		12,882		9,614
Deferred Tax Long Term		4,781		3,021
Property and Equipment, Net		2,888		3,023
Other Intangible Assets, Net		6,179		5,791
Other Non-Current Assets		10,403		2,549
Goodwill		7,026		7,026
Total Long-Term Assets		44,159		31,024
Total Assets		82,955		68,379
CURRENT LIABILITIES
Trade Payables		1,285		1,151
Employees and Payroll Accruals		1,355		1,632
Accrued Expenses and Other Liabilities		961		345
Short-Term Operating Lease Liabilities		650		425
Short-Term Credit		388		359
Short-Term Deferred Revenues		343		778
Total Current Liabilities		4,982		4,690
LONG-TERM LIABILITIES
Long-Term Loan		19,764		18,713
Long-Term Deferred Revenues		212		212
Long-Term Deferred Tax Liability		170		170
Long-Term Operating Lease Liabilities		2,207		1,082
Total Long-Term Liabilities		22,353		20,177
SHAREHOLDERS' EQUITY:
Ordinary Shares		74,827		74,823
Additional Paid-In Capital		80,846		71,228
Accumulated Deficit		(100,053)		(102,539)
Total Shareholders' Equity		55,620		43,512
Total Liabilities and Equity		82,955		68,379

 

 

SUPERCOM LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except for EPS)
		Three months ended
		September 30, 2026		September 30, 2025
		Unaudited		Unaudited
REVENUES		7,485		6,224
COST OF REVENUES		(3,759)		(2,441)
GROSS PROFIT		3,726		3,783
OPERATING EXPENSES:
Research and Development		933		882
Selling and Marketing		1,076		634
General and Administrative		1,866		1,496
Other Expense, Net		140		132
Total Operating Expenses		4,015		3,144
OPERATING PROFIT (LOSS)		(289)		639
FINANCIAL INCOME (EXPENSES), NET		(327)		52
PROFIT (LOSS) BEFORE INCOME TAX		(616)		691
INCOME TAX BENEFIT		670		-
NET INCOME FOR THE PERIOD		54		691
Net Income Per Share		0.01		0.14

 

 

SUPERCOM LTD.
Reconciliation Table of GAAP to Non-GAAP Figures and EBITDA to Net Income
(U.S. dollars in thousands, except for EPS)
	Three months ended
	September 30, 2026	September 30, 2025
	Unaudited	Unaudited
GAAP Gross Profit	3,726	3,783
Amortization of Intangible Assets	88	88
Stock Based Compensation	7	-
Non-GAAP Gross Profit	3,821	3,871
GAAP Operating Profit (Loss)	(289)	639
Amortization of Intangible Assets	654	531
Foreign Currency Loss	1,349	433
Stock Based Compensation	340	105
Other One-Time Expenses	140	140
Non-GAAP Operating Profit	2,194	1,848
GAAP Net Profit (Loss)	54	691
Amortization of Intangible Assets	654	531
Stock Based Compensation	340	105
Income Tax Benefit	(670)	-
Foreign Currency Loss	1,349	433
Other One-Time Expenses	140	140
Non-GAAP Net Profit	1,867	1,900
Non-GAAP EPS	0.30	0.39
Net Profit (Loss) for the Period	54	691
Financial Expenses (Income), Net	327	(52)
Income Tax Benefit	(670)	-
Depreciation and Amortization	1,035	836
Stock Based Compensation	340	105
Foreign Currency Loss	1,349	433
Other One-Time Expenses	140	140
EBITDA *	2,575	2,153
* EBITDA is a non-GAAP financial measure generally defined as earnings before interest, tax, depreciation and amortization and other non-cash or one-time expenses.

 

 

 

SUPERCOM LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except for EPS)
		Nine months ended
		September 30, 2026	September 30, 2025
		Unaudited	Unaudited
REVENUES		23,185	20,412
COST OF REVENUES		(9,774)	(7,951)
GROSS PROFIT		13,411	12,461
OPERATING EXPENSES:
Research and Development		2,956	2,695
Selling and Marketing		3,050	1,996
General and Administrative		5,133	4,552
Other Expense, Net		476	261
Total Operating Expenses		11,615	9,504
OPERATING PROFIT		1,796	2,957
FINANCIAL INCOME (EXPENSES), NET		(1,070)	3,054
PROFIT BEFORE INCOME TAX		726	6,011
INCOME TAX BENEFIT		1,760	-
NET INCOME FOR THE PERIOD		2,486	6,011
Net Income Per Share		0.43	1.40

 

 

SUPERCOM LTD. Reconciliation Table of GAAP to Non-GAAP Figures and EBITDA to Net Income (U.S. dollars in thousands, except for EPS)
	Nine months ended
	September 30, 2026	September 30, 2025
	Unaudited	Unaudited
GAAP Gross Profit	13,411	12,461
Amortization of Intangible Assets	265	265
Stock Based Compensation	21	-
Non-GAAP Gross Profit	13,697	12,726
GAAP Operating Profit	1,796	2,957
Amortization of Intangible Assets	1,770	1,663
Foreign Currency Loss	3,520	887
Stock Based Compensation	1,020	328
Other One-Time Expenses	502	436
Non-GAAP Operating Profit	8,608	6,271
GAAP Net Profit	2,486	6,011
Amortization of Intangible Assets	1,770	1,663
Stock Based Compensation	1,020	328
Income Tax Benefit	(1,760)	-
Foreign Currency Loss	3,520	887
Other One-Time Expenses	502	436
Non-GAAP Net Profit	7,538	9,325
Non-GAAP EPS	1.32	2.17
Net Profit for the Period	2,486	6,011
Financial Expenses (Income), Net	1,070	(3,054)
Income Tax Benefit	(1,760)	-
Depreciation and Amortization	3,027	2,611
Stock Based Compensation	1,020	328
Foreign Currency Loss	3,520	887
Other One-Time Expenses	502	436
EBITDA *	9,865	7,219
* EBITDA is a non-GAAP financial measure generally defined as earnings before interest, tax, depreciation and amortization and other non-cash or one-time expenses.

 

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/supercom-reports-21-revenue-growth-for-the-third-quarter-of-2026-302937953.html

SOURCE SuperCom

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were SuperCom's third-quarter 2026 revenue and earnings?

SuperCom reported $7.5 million in revenue and $54,000 in GAAP net income for the quarter ended September 30, 2026. Revenue increased 21% from $6.2 million, while net income declined from $691,000. GAAP earnings per share were $0.01, compared with $0.14 a year earlier.

How much did SuperCom raise in its third-quarter 2026 share offering?

SuperCom completed a $7.5 million registered direct common-only offering of ordinary shares. Net proceeds were intended for working capital and general corporate purposes, including continued deployment of new and existing government contracts in the U.S. and Europe.

How does SuperCom calculate its reported EBITDA?

SuperCom defines EBITDA as earnings before interest, tax, depreciation and amortization, and other non-cash or one-time expenses. Its third-quarter reconciliation also adjusts for stock-based compensation, foreign currency loss and other one-time expenses. EBITDA is a non-GAAP measure rather than GAAP net income.