Financial Data and Key Metrics Changes - The company achieved record revenue of $27.6 million in 2024, a 134% increase from the revenue low in 2020, marking a four-year growth trajectory [6][33] - Gross profit increased by 31% year-over-year to $13.4 million, with gross margin expanding to 48.4%, up nearly 10 percentage points from 2023 [7][34] - The company reported a positive GAAP net income of $661,000, a significant turnaround from a net loss of $4 million in 2023, marking the first full year of GAAP profitability since 2015 [7][35] - EBITDA rose to $6.3 million, reflecting a 31% year-over-year growth, marking the tenth consecutive quarter of positive EBITDA [7][35] Business Line Data and Key Metrics Changes - The company has made consistent progress in improving operating cash flows, reducing cash usage from $9.4 million in 2021 to just $1.3 million in 2024, an 85% reduction over three years [8][36] - The U.S. market has seen significant expansion with over 20 new contracts secured since mid-2024, diversifying the revenue base and supporting recurrent income streams [10][26] Market Data and Key Metrics Changes - The electronic monitoring market is projected to reach $2.3 billion by 2028, with the U.S. and Europe constituting about 95% of these markets [14] - The company has successfully secured several large-scale contracts in Europe, including a notable $33 million project in Romania, designed to monitor up to 15,000 individuals simultaneously [19][20] Company Strategy and Development Direction - The company aims to revolutionize the public safety sector with proprietary electronic monitoring technology and advanced AI-driven analytics [11][12] - The strategic focus is on expanding the IoT tracking business in developed markets, with a strong emphasis on innovative technology and superior solutions [12][14] - The company plans to continue its expansion in the U.S. market, which presents a long-term opportunity estimated to be up to six times the size of the European market [21][22] Management's Comments on Operating Environment and Future Outlook - Management highlighted the relevance of the company's solutions amid macroeconomic uncertainties, driven by higher recidivism rates and the escalating cost of incarceration [30] - The company is optimistic about continued growth in the U.S. and Europe, driven by a strong reputation and the countercyclical nature of the electronic monitoring industry [44][45] Other Important Information - The company has reduced total outstanding debt by 32% since the end of 2023, strengthening its financial position and enabling further strategic initiatives [41][42] - The company has transitioned from a legacy business model focused on identification in Africa to a more profitable IoT business model in developed countries, with over 97% of revenues now coming from these markets [40][41] Q&A Session Summary Question: Can the company consider 40% gross margin as a floor? - Management indicated that while gross margins are influenced by various projects, they expect margins to improve as more monitoring devices are deployed in existing regions [46][47] Question: What are the next steps for the U.S. market expansion? - The company plans to continue signing contracts and partnerships, focusing on increasing the size of projects over time, similar to its growth trajectory in Europe [48][52] Question: Is there potential for consolidation of partners in the U.S. market? - Management acknowledged opportunities for acquiring local value-added resellers, which could enhance market presence and profitability, especially with a stronger balance sheet [54][56] Question: How is the company addressing the recent tariff situation? - The company is currently manufacturing in Israel and has the capability to produce in the U.S., monitoring the evolving tariff situation closely [60][62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUAN ...

Core Insights - SuperCom achieved record revenues of $27.6 million for FY 2024, marking a 134% increase from $11.8 million in 2020, and a 4% increase from $26.6 million in FY 2023 [9][10] - The company reported a gross margin of 48.4%, up from 38.5% in the previous year, and a gross profit of $13.4 million, which is a 31% increase from $10.2 million [9][10] - SuperCom recorded an EBITDA of $6.3 million for FY 2024, a 31% increase from $4.8 million in FY 2023, and the first full-year GAAP profitability since 2015 with a net income of $661 thousand [9][11] Financial Highlights for FY 2024 - Revenue increased by 134% to $27.6 million from $11.8 million in 2020 [10] - Gross profit rose by 140% to $13.4 million from $5.6 million in 2020 [10] - GAAP net income improved to a profit of $661 thousand in 2024 from a loss of $7.9 million in 2020 [10] - Non-GAAP net income shifted to a profit of $6.33 million from a loss of $1.7 million, a turnaround of over $8 million [10] - EBITDA more than doubled, growing to $6.3 million from $2.8 million [10] Financial Highlights for Q4 2024 - Revenue for Q4 2024 increased by 11.6% to $6.33 million from $5.67 million in Q4 2023 [9] - Gross profit for Q4 2024 increased to $2.7 million from $2.35 million, with a gross margin of 42.7% [9] - The net loss for Q4 2024 was ($1.86 million), compared to a loss of ($1.56 million) in Q4 2023, impacted by approximately $2 million of one-time items [9] Business Transformation and Strategy - SuperCom underwent a significant transformation since 2021, which has led to substantial improvements in financial and operational metrics despite global challenges [4][7] - The company secured over 20 new contracts in the U.S. and expanded into seven new states, enhancing its market presence [11][15] - In Europe, SuperCom reinforced its leadership position with new domestic violence monitoring contracts and expanded deployments [11][15] Management Commentary - The President and CEO highlighted 2024 as a breakthrough year with record financial milestones and the first full year of GAAP profitability in nearly a decade [11] - The company aims to scale its business and expand its global reach while delivering impactful solutions for public safety [12]

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. Please call the conference telephone number 5-10 minutes prior to the start t ...

Core Insights - SuperCom has secured a new electronic monitoring contract in Kentucky, reflecting its growing reputation and demand for its EM technology in the U.S. market [1][3] - The contract involves deploying SuperCom's advanced GPS tracking technology under a per-unit daily lease model, enhancing public safety and compliance monitoring [2] - The company's President and CEO highlighted the increasing preference for SuperCom's innovative technology over legacy systems among local agencies [3] Company Overview - SuperCom has been a global provider of secured solutions for e-Government, IoT, and cybersecurity since 1988, offering advanced safety and identification solutions [4] - The company provides a comprehensive suite of RFID and mobile technology, along with services for various sectors, including healthcare, law enforcement, and electronic monitoring [4]

Core Insights - SuperCom has secured a new contract with a Midwest-based service provider to introduce its electronic monitoring technology into Wisconsin, Minnesota, and Michigan, enhancing its nationwide expansion efforts [1][4] - The service provider has over a decade of experience in community supervision and is well-positioned to implement SuperCom's technology in various community programs, particularly focusing on domestic violence monitoring [2][3] - SuperCom's proprietary domestic violence technology was selected for its innovative architecture, which combines advanced security features with an interactive mobile experience, aimed at improving public safety and compliance tracking [3][4] Company Overview - SuperCom has been a global provider of secured solutions since 1988, offering advanced safety, identification, and security solutions to both public and private sectors worldwide [5] - The company specializes in e-Government platforms, biometrics enrollment, and electronic monitoring solutions, catering to various industries including healthcare, law enforcement, and community public safety [5] Strategic Expansion - The partnership with the service provider is part of SuperCom's strategic growth plan, which has resulted in over 20 new U.S. contracts and active expansion initiatives since summer 2024 [4] - This marks the third regional service provider that SuperCom has onboarded in 2025, indicating a strong demand for its technology and a successful go-to-market strategy [4]

Core Insights - SuperCom has secured a new contract with a leading Arizona-based service provider to introduce its electronic monitoring technology, marking its strategic entry into Arizona, the seventh U.S. state since summer 2024 [1][5] - The Arizona-based provider has over 25 years of experience and delivers a range of evidence-based programs, positioning it well to expand SuperCom's electronic monitoring solutions [2] - The partnership aims to enhance public safety and improve rehabilitation outcomes by integrating SuperCom's advanced electronic monitoring technology into the provider's existing services [3][4] Company Expansion - The new contract is part of SuperCom's broader strategy, which includes over 20 new customer contracts since summer 2024, reinforcing its growth momentum [5] - The partnership model allows SuperCom to scale more rapidly by leveraging the existing reach of trusted service providers, facilitating efficient technology deployment [5] Technology Overview - SuperCom's PureSecurity Suite is highlighted as a comprehensive electronic monitoring and tracking platform, featuring smartphone integration, secure communication, advanced security, anti-tamper mechanisms, and more [6] Company Background - SuperCom has been a global provider of identity solutions since 1988, offering advanced safety and security solutions to both public and private sectors worldwide [7]

Core Insights - SuperCom has been awarded a new national Domestic Violence electronic monitoring project, marking its seventh such program, indicating a growing demand for its technology [1][2] - The project will utilize SuperCom's PureTrack GPS and PureProtect technology, enhancing public safety and victim protection through real-time tracking and secure communication [3][4] - The program is expected to launch in the next two quarters of 2025, with potential for significant long-term expansion [2] Company Positioning - SuperCom is reinforcing its position as a trusted provider of advanced electronic monitoring solutions for domestic violence, reflecting strong government trust in its technology [4] - The company emphasizes its commitment to delivering innovative monitoring solutions, which are increasingly in demand as part of its expansion strategy [4] - SuperCom's technology has been successfully deployed in multiple national programs, enabling law enforcement to respond more effectively to domestic violence incidents [3][4] Industry Context - The selection of SuperCom's technology by another national government highlights the increasing need for effective monitoring solutions in the fight against domestic violence [4] - The company's success in securing multiple contracts and expanding partnerships indicates a robust market for its solutions in public safety and offender compliance [4]

Core Insights - SuperCom has achieved over 200% growth in PureTrack GPS units for a European government customer in the 12 months ending January 2025, with expectations to exceed 400% growth by the end of 2025 [1][2] - The increase in demand for PureTrack GPS tracking is part of a larger ongoing Nationwide European electronic monitoring project, which has evolved and expanded beyond initial expectations [2][3] - The company emphasizes its commitment to customer service and long-term relationships, particularly with key partners in the public safety market [3] Company Overview - SuperCom has been a global provider of identity solutions since 1988, offering advanced safety, identification, and security solutions to both public and private sectors worldwide [4] - The company provides a comprehensive suite of electronic monitoring and tracking solutions, including features like smartphone integration, secure communication, and advanced security mechanisms [3][4]

Core Viewpoint - SuperCom has entered into securities purchase agreements to sell 545,454 ordinary shares at a price of $11.00 per share, aiming to raise approximately $6.0 million for various corporate purposes [1][2]. Group 1: Offering Details - The gross proceeds from the offering are estimated to be around $6.0 million before deducting fees and expenses [2]. - The offering is expected to close on or about January 31, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for this offering [3]. Group 2: Use of Proceeds - SuperCom plans to utilize the net proceeds for working capital, research and development, potential acquisitions, and other general corporate purposes [2]. Group 3: Company Background - SuperCom has been a global provider of identity solutions since 1988, offering advanced safety, identification, and security solutions to governments and organizations worldwide [5]. - The company specializes in e-Government platforms and biometric solutions, aiming to enhance secure identification and document issuance [5].