Totaling over $11 million in new orders from Europe in less than 90 days "We are delighted to continue our strong collaboration with European governmental clients," stated Ordan Trabelsi, President & CEO of SuperCom. "These consecutive orders underscore the confidence our customers have in SuperCom's advanced technology and our unwavering commitment to enhancing public safety. It is a testament to our team's dedication to delivering high-quality, reliable solutions." SuperCom's PureSecurity Suite is an end- ...

TEL AVIV, Israel, June 20, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce the receipt of orders from European governments valued at over $3 million. These orders are expected to be delivered by the end of the third quarter of 2024. SuperCom's PureSecurity Suite is an end-to-end electronic monitoring solution with state-of-the-art GPS tracking, communication, monitoring technologies, and a secur ...

The initiative represents a significant collaboration between LCA, its local partners. The program aims to support youth reentering the community by delivering high-quality, individualized services that link them to appropriate resources and support systems, ultimately aiding in their successful reintegration and reducing recidivism. Expected to generate nearly $500,000 in annual recurring revenue, this new contract continues SuperCom's momentum as the fourth new contract win in North America in 2024 TEL AV ...

CEO Spotlight: SuperCom CEO On How They Reached 5-Year-Record 2023 Performance and Drivers for Continued Success May 20, 2024 8:15 AM EDT | Source: Hawk Point Media Group. Tel Aviv, Israel--(Newsfile Corp. - May 20, 2024) - SuperCom (NASDAQ: SPCB) is a global provider of secured solutions for e-Government, IoT, and Cybersecurity sectors. The company offers a unique all-in-one field-proven RFID & GPS tracking technologies product suite, enhanced by complementary services targeting businesses from various ind ...

Gross profit increased by 139% to $3.8 million compared to $1.6 million, which direct the outcome of the progress we've made across our projects, our margins typically enhanced as projects mature. The company's operating income improved by $1.8 million from $700,000 compared to an operating loss of $1.8 million before. So, we improved from $1.8 million from $700,000 compared to an operating loss of $1.1 million in the prior year, resulting for significant increase in our gross profit. EPS improved positive ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ 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 T ...

SuperCom Ltd. (NASDAQ:SPCB) Q4 2023 Earnings Conference Call April 22, 2024 8:30 AM ET Company Participants Ordan Trabelsi - President & Chief Executive Officer Conference Call Participants Matthew Galinko - Maxim Group Operator Ladies and gentlemen, good morning, and welcome to SuperCom's Fourth Quarter and Year End 2023 Financial Results and Corporate Update Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Participants of this call are advised that the aud ...

Thank you, Operator. Good morning, everyone, and thanks for joining us today. Earlier this morning, we issued a press release with our financial results for the third quarter of 2023, which you can find in the Investor Relations section of our website at supercom.com. Excellent. Sorry about that. The other call. If we donÂ't get a big shipment this quarter? Oh! Actually -- our revenues in Romania are mainly through continued progress and this project is supposed to continue for years. So we expect to lead f ...

Exhibit 1 SUPERCOM LTD CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS as of June 30, 2023 (Unaudited) SUPERCOM LTD CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS as of June 30, 2023 (Unaudited) IN U.S. DOLLARS INDEX Page Interim Consolidated Balance Sheets 3 Interim Consolidated Statements of Operations 4 Interim Statements of Changes in Shareholders' equity 5 Interim Consolidated Statements of Cash Flows 6 Notes to Interim Consolidated Financial Statements 7 – 9 - - - - - - - - - - - - - - - - - ...

Financial Data and Key Metrics - Revenue increased by 141% year-over-year to $7.7 million in Q2 2023, marking a five-year record [5][11] - Non-GAAP EPS improved to positive $0.07 compared to negative $0.50 in the previous year [5][57] - Gross profit increased by 77% to $2.3 million compared to $1.3 million in Q2 2022 [56] - Operating loss decreased to $650,000 from $1.75 million in the previous year [26] - EBITDA improved to $0.9 million compared to a $0.7 million loss in the previous period [63] - Twelve-Trailing-Month revenue increased by 106% to $25.5 million, driven by IoT division growth [25] Business Line Data and Key Metrics - IoT division achieved over 100% growth in the past 12 months, outpacing the global market growth by 10x [25] - PureSecurity suite, including PureTrack and PureOne, expanded market opportunities by 3-4x [27] - PureProtect, a domestic violence monitoring solution, has been successfully implemented in multiple projects, including a $32 million EM project in Romania [37][45] - PureOne, an all-in-one GPS tracking solution, has been deployed in the U.S. and received positive feedback [30][35] Market Data and Key Metrics - The electronic monitoring market is estimated to reach $2.1 billion by 2026, up from $1.2 billion in 2021 [34] - U.S. and Europe constitute 95% of the electronic monitoring market [34] - In Europe, over $200 million in project bid opportunities were available in the past 18 months [34] - SuperCom expanded its business into over 10 European countries and secured significant new projects, including a $3.6 million National EM project in Finland [9] Company Strategy and Industry Competition - SuperCom focuses on technological leadership, market expansion, and operational efficiency to drive growth [7][13][50] - The company has a 65%-win rate in European competitive tenders, displacing incumbent vendors [52] - SuperCom is recession-resistant due to high recidivism rates, prison overcrowding, and soaring incarceration costs [8] - The company is actively pursuing strategic acquisitions to expand market presence and achieve vertical integration synergies [10][54] Management Commentary on Operating Environment and Future Outlook - Management highlighted the growing global trend of governments adopting innovative solutions to reduce incarceration costs and improve public safety [2] - The company expects sustained growth by expanding market share in the U.S. and Europe, driven by technological advantage and robust growth foundations [13] - SuperCom anticipates rapid expansion in the U.S. market due to the introduction of PureOne and its acceptance as a well-known vendor [17][35] - Management is optimistic about future growth opportunities, particularly in domestic violence monitoring and IoT tracking [38][53] Other Important Information - SuperCom has a stable cash position and credit facilities to support project execution [58] - The company has reduced operating expenses by $350,000, including a $200,000 decrease in sales and marketing expenses and a $55,000 decrease in general and administrative expenses [12][26] - SuperCom has a recurring revenue base of over 70% in 2022, driven by multiyear governmental projects [45] Q&A Session Summary Question: When did PureOne become available in the U.S., and when can we expect to see it deployed? - PureOne was introduced in the U.S. in July 2023 and is already being deployed in various locations with positive feedback [30][35] Question: How does the company structure incentives for sales, particularly in the U.S.? - The company uses a commission structure with on-target quotas and acceleration bonuses for sales teams. Resellers also play a significant role in selling products like PureOne [41] Question: How does the company view the pipeline for PureOne in the U.S. compared to Europe? - The U.S. market is expected to grow faster due to the fragmented nature of the market and the company's established presence. The company has a $200 million pipeline in Europe and is evaluating new opportunities in the U.S. [31][17] Question: How long does it take for resellers to transition from evaluating PureOne to full deployment? - The transition timeline depends on the resellers' confidence in the technology. Initial deployments are small-scale, with larger deployments expected as confidence grows [60][61]