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]

Core Points - SuperCom will hold a conference call on April 28, 2025, to discuss its financial results for the year ended December 31, 2024 [1] - The financial results will be released in a press release prior to the call [1] - The conference call will include a question-and-answer period hosted by SuperCom management [2] Conference Call Details - Date: April 28, 2025 [3] - Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time) [3] - U.S. toll-free number: 888-506-0062 [3] - Israel toll-free number: 1-809-423-853 [3] - International number: 973-528-0011 [3] - Access Code: SuperCom [3] - Link to join: https://www.webcaster4.com/Webcast/Page/2259/52340 [3] Company Overview - SuperCom has been a global provider of identity solutions since 1988, focusing on both traditional and digital identity [4] - The company offers advanced safety, identification, and security solutions to governments and organizations worldwide [4] - SuperCom's services include e-government platforms, biometrics enrollment, and secure Multi-ID document issuance [4] - The company provides RFID and mobile technology solutions across various industries, including healthcare, law enforcement, and domestic violence prevention [4]

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].

Core Insights - SuperCom has secured a multi-year national contract with a Nordic European government to develop a computerized system for the enrollment, personalization, and issuance of secured Driving License cards [1][4] - The new system will utilize SuperCom's Magna™ e-Government platform, which is designed for secure identity solutions [2] - The solution will integrate with existing governmental IT infrastructure, ensuring compliance with EU and ICAO security standards [3] Company Overview - SuperCom has been providing identity solutions since 1988, focusing on advanced safety, identification, and security for governments and organizations globally [5] - The company offers a comprehensive suite of RFID and mobile technology products, along with services for various sectors including healthcare, law enforcement, and electronic monitoring [5]

Core Viewpoint - SuperCom has successfully amended its debt agreement with a senior lender, allowing for the issuance of shares and a significant reduction in outstanding debt, which will enhance the company's financial flexibility and support its growth strategy [1][2][3][4]. Group 1: Financial Actions - The company issued 100,000 ordinary shares at a price of $43.74 per share, raising $4.374 million to pay down outstanding debt [1]. - The debt maturity date has been extended to December 31, 2028, and monthly cash interest and amortization payments are no longer required, with interest accruing until maturity [2]. - The recent debt paydown represents a 32% reduction in SuperCom's total outstanding debt over the past year [3]. Group 2: Strategic Growth - The financial amendments are expected to provide additional free cash flow for SuperCom's growth strategies over the next four years [3]. - The company has recently won over 15 national projects in Europe and expanded into six new states in the U.S. since summer 2024, positioning itself to capitalize on high-return investment opportunities [4]. - The CEO emphasized that the favorable terms secured will better equip the company to achieve long-term growth objectives and drive value for stakeholders [4].