TechNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Achieves 5-Year-Record Revenue, More than Doubles Revenue Growth across Multiple Metrics

SuperCom Ltd. (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today announced its financial and operating results for the 2nd quarter and 1st half of 2023. In year-over-year comparisons, Q2 2023 revenue increased by 141% to $7.7 million, gross profit increased by 77% to $2.3 million, positive EBITDA improved to $0.9 million compared to -($0.7) million and non-GAAP EPS improved to $0.07 compared to -($0.50). Additionally, the trailing-twelve-month period ended June 30 and first half of the year both showed revenue more than doubling and over $2m improvement in EBITDA.

In the press release, the company also shared a long list of recent business highlights. Ordan Trabelsi, President and CEO of SuperCom, commented, “Our achievements are a testament to the unwavering dedication of our global multidisciplinary team in pursuing and executing groundbreaking public safety projects. Notably, the first national electronic monitoring project in Romania, valued at $33 million, and other lucrative recent new projects in Sweden , Finland , Croatia and California have contributed significantly to our success. When combined with a high recurring revenue base, a rapidly-growing track record of excellence, and our state-of-the-art proprietary technology suite, these accomplishments reinforce the positive trends driving our business.”

To access a replay of today’s investor conference call, visit https://ibn.fm/fOfBw

To view the full press release, visit https://ibn.fm/R6nWn

About SuperCom

Since 1988, SuperCom has been a 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 secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation. For more information, visit https://www.supercom.com

About TechMediaWire

TechMediaWire (“TMW”) is a tech-focused financial news and content distribution company, one of 50+ brands within IBN, providing: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a specialized communications platform with an extensive team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public tech companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By putting a spotlight on the latest and greatest in the tech industry, TMW brings its clients unparalleled visibility, recognition and brand awareness. TMW is where investors come to learn about the next big things in tech and the companies that are making them happen.

To receive SMS text alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://TechMediaWire.com/disclaimer

TechMediaWire (TMW)
Los Angeles, CA
www.TechMediaWire.com
212.418.1217 Office
Editor@TechMediaWire.com

TechMediaWire is part of IBN.