TEL AVIV, Israel, April 21, 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 Monday, April 28, 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 year ended December 31, 2024. 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.
Direct Agency Win Highlights SuperCom's Growing Reputation and Rising Demand for Its EM Technology
TEL AVIV, Israel, April 17, 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 the state of Kentucky. This latest win adds to a growing list of recent U.S. contract awards and reflects SuperCom's continued expansion and rising market trust in the region.
Established Service Provider to Introduce SuperCom's Electronic Monitoring Technology into Wisconsin, Minnesota, and Michigan
TEL AVIV, Israel, April 10, 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 a prominent Midwest-based service provider. The collaboration is expected to facilitate SuperCom's entrance into three additional U.S. states—Wisconsin, Minnesota, and Michigan—through the provider's established presence and further accelerate the Company's nationwide expansion momentum.
Established Service Provider to Introduce SuperCom's Electronic Monitoring Technology Across Arizona, including Potential Opportunities with State Department of Corrections
TEL AVIV, Israel, March 27, 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 a leading Arizona-based service provider that delivers evidence-based treatment and rehabilitative services to individuals involved in the criminal justice system. This agreement marks SuperCom's strategic entry into Arizona, its seventh new U.S. state since summer 2024, and further accelerates the Company's expansion momentum across the nation.
Another nation to select SuperCom's proprietary domestic violence technology, demonstrating growing demand and continued market expansion
TEL AVIV, Israel, Feb. 20, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has been awarded a new national Domestic Violence (DV) electronic monitoring project. The new project will utilize SuperCom's advanced PureTrack GPS and PureProtect technology to enhance public safety and victim protection.
The growth rate in unit count surpassed 200% by January 2025 and expected to surpass 400% by end of 2025
TEL AVIV, Israel, Feb. 6, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that Company has received new orders from a European government customer which locked in over 200% growth in PureTrack GPS units in the 12 month period ending January 2025 and is expected to surpass 400% growth by end of 2025. These orders are part of an expansion of a large ongoing Nationwide European electronic monitoring (EM) project that SuperCom has been implementing.
TEL AVIV, Israel, Jan. 30, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has entered into securities purchase agreements with certain institutional investors to purchase 545,454 ordinary shares in a registered direct offering at a purchase price of $11.00 per ordinary share.
The gross proceeds to SuperCom from the offering are estimated to be approximately $6.0 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about January 31, 2025, subject to the satisfaction of customary closing conditions. SuperCom intends to use net proceeds from this offering for working capital, research and development, potential acquisitions and other general corporate purposes.
The shares issuance and other favorable terms agreed upon with SuperCom's senior lender increase the free cash flows to be used by the company to support its growth strategy
TEL AVIV, Israel, Jan. 23, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the issuance of 100,000 of its ordinary shares at a price of $43.74 per share, which reflects a significant premium to the last closing price, to pay down $4.374 million of SuperCom's outstanding debt. This issuance and debt paydown were part of an amendment that SuperCom executed with its senior lender, a large national investment management firm. This amendment includes a broader set of favorable modifications designed to enhance SuperCom's financial flexibility and support its strategic growth objectives.
Established Service Provider with Presence in West Coast, Northeast, and Southeast U.S. Regions Chooses SuperCom above Competition
TEL AVIV, Israel, Jan. 21, 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 a U.S. multi-state electronic monitoring service provider. This collaboration marks a valuable milestone in SuperCom's U.S. expansion strategy. In addition to SuperCom's direct expansion efforts, a wide-spread market player has chosen to introduce SuperCom's technology to multiple new states and potential programs, unlocking additional opportunities for growth in unit deployments and geographical coverage across the country.
10 new contracts in the USA signed in just 60 days, reflecting record expansion speed
TEL AVIV, Israel, Jan. 6, 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 contract to provide its advanced GPS tracking and domestic violence (DV) monitoring solutions to a government agency in Alabama. This achievement marks SuperCom's 5th entry into a new US state since August 2024 and its 10th contract signed in the USA in just 60 days. These contracts, spanning Kentucky, South Dakota, and Alabama, reflect record expansion speed for the company and strong US market acceptance of SuperCom's advanced offender electronic monitoring technologies.
SuperCom Continues Rapid US Market Expansion with New Direct Agency Contracts
TEL AVIV, Israel, Jan. 2, 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 two new contracts with key agencies in Kentucky. These contracts involve the deployment of SuperCom's advanced public safety technologies, designed to enhance monitoring capabilities and provide reliable solutions tailored to agency needs.
South Dakota Marks SuperCom's Fourth New State Entry Since August 2024, Highlighting Rapid U.S. Market Expansion
TEL AVIV, Israel, Dec. 30, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has secured multiple electronic monitoring contracts with county Sheriff agencies across South Dakota. SuperCom has signed seven contracts in South Dakota, with more agreements expected as the company continues to expand its footprint in the region. These deployments will feature SuperCom's advanced PureOne technology, renowned for its real-time GPS tracking, robust communication capabilities, and dependable performance in both urban and rural environments.
6th National Domestic Violence Project in Europe Strengthens SuperCom's Position as a Leader in the Space
TEL AVIV, Israel, Dec. 23, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the successful launch of its new electronic monitoring (EM) project in Latvia. Following a competitive tender process, SuperCom was awarded this project, marking its third national contract in Latvia and further expanding its role in supporting the country's public safety efforts with the inclusion of domestic violence prevention.
Q3 2024: Revenue $6.9 million; Free Cash Flows of $1.2 million; EBITDA $1.1 million
TEL AVIV, Israel, Nov. 14, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported financial and operating results for the three and nine months ended September 30, 2024.
First Nine Months Ended September 30, 2024, Financial Highlights (Compared to First Nine months of 2023)
Revenue increased to $21.3 million from $20.9 million.Gross profit increased to $10.7 million from $7.9 million.Gross Profit margin increased to 50.1% from 37.7%.Operating Income improved to $1.13 million compared to Operating Loss of ($0.91) million.Net Income improved to $2.52 million from Net Loss of ($2.48) million.Non-GAAP Operating Income improved to $3.91 million compared to $3.0 million.Non-GAAP Net Income improved to $4.88 million compared to $1.68 million.EBITDA improved to $4.6 million compared to $3.7 million.Cash increased to $6.23 million.Non-GAAP EPS of $3.1.TEL AVIV, Israel, Nov. 11, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, will hold a conference call on Thursday, November 14, 2024, 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, 2024. 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.
TEL AVIV, Israel, Oct. 21, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced that the Company's President and CEO, Ordan Trabelsi, will present a corporate overview and host one-on-one meetings with investors at the 17th Annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel, California on October 28th-30th, 2024. The presentation will begin at 2:00 PM PT (5:00 PM ET) on October 30th.
We invite interested parties to register to one-on-one meetings or watch the presentation virtually here: https://me24.sequireevents.com/.
Contract Already in Effect; National Electronic Monitoring Program Estimated to Include Over 1,500 Offenders; Optional Extension of Up to 4 More Years
TEL AVIV, Israel, Oct. 10, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that, together with its prime partner Electra, it has been awarded a 5-year contract by the Israel Prison Service state agency (IPS) to deploy its PureSecurity Electronic Monitoring (EM) Suite. This full-service contract encompasses all EM programs within the country, beginning with the existing Home Detention Monitoring program and additional GPS Tracking programs.
Reinforcing SuperCom's Leadership in Europe's National Domestic Violence Monitoring Programs
TEL AVIV, Israel, Sept. 23, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today it has secured a new three-year national contract with the government of a European country to deploy its PureSecurity domestic violence (DV) monitoring solution. This marks SuperCom's continued expansion in Europe, where it has already deployed a substantial number of units, outpacing its competitors and solidifying its position as a leader in domestic violence monitoring solutions. The new contract represents a significant step in enhancing domestic violence prevention and intervention capabilities in this EU region.
Win through a formal competitive government process signals to technology prowess
TEL AVIV, Israel, Sept. 18, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that it has secured its first new contract in a county in New York State. This win, achieved through a competitive selection process, further strengthens SuperCom's strategic expansion across the US and marks another milestone in its ongoing growth.
NEW YORK, Sept. 16, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced that it has received notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq's minimum bid price for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(a)(2) ("Min Bid Price Rule"), and this matter is now closed.
On September 13, 2023, Nasdaq notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market.
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