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Expected to Generate Approximately $500,000 in Annual Recurring Revenue and Reinforces SuperCom's Position in U.S. Public Safety Market
TEL AVIV, Israel, June 11, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that its wholly-owned subsidiary, Leaders in Community Alternatives (LCA), has been awarded a new contract in Northern California to provide justice-involved individuals with reentry services. The contract is valued at up to $2.5 million over a five-year period consisting of a three-year initial term and two optional one-year extensions.
9th new service provider since mid-2024, this one to introduce SuperCom's Electronic Monitoring technology into Florida and Mississippi
TEL AVIV, Israel, June 6, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce it secured a new contract with an established Southeast-based service provider. The collaboration is expected to facilitate SuperCom's entrance into additional U.S. states, including Florida and Mississippi, through the provider's established presence and further accelerate the Company's nationwide expansion momentum. Through this partnership, SuperCom and this provider have already submitted a proposal to an RFP together.
Competitive statewide RFP win provides a platform for efficient expansion within the state
TEL AVIV, Israel, June 4, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has been awarded a statewide technology procurement contract by the North Carolina Sheriff's Association, emerging as the only new electronic monitoring technology provider selected through this competitive RFP. This contract serves as a procurement vehicle to allow all counties in North Carolina to contract directly with SuperCom on preset terms, most of the time without an additional RFP process. This strategic win is another testament to the Company's rapid expansion across the North American public safety market.
Rapid U.S. Expansion: Over 20 new contracts, 8 new service providers, and 10 new states since mid-2024
TEL AVIV, Israel, May 27, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has secured a new electronic monitoring (EM) contract through an agreement with an established service provider in Nebraska to immediately deploy its PureSecurity EM technology. This marks SuperCom's entry into its 10th new U.S. state since mid-2024, reinforcing the Company's rapid expansion across the North American public safety market.
Marks SuperCom's 9th New U.S. State Entry Since Mid-2024 and Displacement of Another Incumbent
TEL AVIV, Israel, May 20, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has successfully secured a new electronic monitoring (EM) contract with an established service provider based in Virginia to immediately deploy its PureSecurity Electronic Monitoring technology. This agreement marks SuperCom's entry into Virginia—its ninth new U.S. state since mid-2024—further expanding its national footprint and reinforcing the company's rapid expansion momentum across North America.
Non-GAAP Net Income $5.24 million; Non-GAAP EPS $1.5; Record Gross Margin 63.3%
TEL AVIV, Israel, May 14, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the first quarter, ended March 31, 2025.
First Quarter Ended March 31, 2025, Financial Highlights (Compared to the First Quarter of 2024)
Revenue increased to $7.05 million, from $6.85 million.Gross profit grew 18% to $4.5 million, from $3.8 million.Gross margin improved to 63.3%, a 10-year record, from 55.3%.Net income increased to $4.2 million, from $0.8 million.Non-GAAP net income increased to $5.24 million, from $1.35 million.Cash and cash equivalents increased to $17.1 million, up from $3.2 million at end of 2024.Working capital improved to $38.9 million, up from $22.5 million at end of 2024.Book Value of Equity increased to $34.8 million, up from $11.7 million at end of 2024.TEL AVIV, Israel, May 12, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced that President and CEO Ordan Trabelsi will present a corporate overview and host one-on-one meetings with investors at the Sidoti Virtual Investor Conference, taking place on May 21-22, 2025.
The presentation will begin at 10:45 AM ET on May 21 and can be accessed live here. SuperCom will also host virtual one-on-ones with investors on Wednesday and Thursday, May 21 and 22, 2025. Investors who would like to register for the presentation or one-on-ones, please register at the following link www.sidoti.com/events. Registration is free, and you don't need to be a Sidoti client. The presentation will also be posted on SuperCom's website www.supercom.com.
Experienced partner to launch rollout of up to hundreds of GPS monitoring units from SuperCom's PureSecurity Suite
TEL AVIV, Israel, May 8, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and cybersecurity sectors, today announced that it has signed a new contract with a seasoned electronic monitoring service provider based in Canada. This agreement marks another milestone in SuperCom's North American expansion and reinforces its growing global presence in the electronic monitoring (EM) market.
TEL AVIV, Israel, May 6, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, will hold a conference call on Wednesday, May 14, 2025, at 10:00 a.m. Eastern time (7:00 a.m. Pacific Time / 5:00 p.m. IL time) to discuss its financial results for the first quarter ended March 31, 2025. Financial results will be issued in a press release prior to the call.
SuperCom management will host the conference call, followed by a question-and-answer period.
New Court Support Services Program Awarded Through Competitive Process
TEL AVIV, Israel, April 29, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and cybersecurity sectors, today announced that it has secured a new electronic monitoring (EM) contract in Utah, marking its eighth new U.S. state entry since mid-2024. The contract was awarded through a competitive Request for Bid (RFB) process, where SuperCom's solution was selected over multiple other vendors following a detailed evaluation, further reinforcing SuperCom's momentum in displacing legacy systems with its advanced GPS-based electronic monitoring platform.