TEL AVIV, Israel, Sept. 3, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that it has secured additional new orders valued at $2.6 million from European Governments. The orders are expected to be fulfilled within the next three months. "We are delighted to continue strengthening our collaboration with European governments," stated Ordan Trabelsi, President & CEO of SuperCom. "These repeat order ...

| --- | --- | |--------------------------------------------------------------------------------------------------------------------|-------------| | | Exhibit 1 | | | | | SUPERCOM LTD CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS as of June 30, 2024 (Unaudited) | | SUPERCOM LTD Page Interim Consolidated Balance Sheets 3 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS as of June 30, 2024 (Unaudited) IN U.S. DOLLARS INDEX | --- | |-------------------------------------------------------| | | | Interi ...

TEL AVIV, Israel, Aug. 29, 2024 /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 contract with a leading Baltimore-based service provider in Maryland. The contract, which was launched in June 2024, is estimated to generate an annual recurring revenue (ARR) of approximately $250,000. Through this new partnership, SuperCom has deployed its advanced GPS technology, along wi ...

TEL AVIV, Israel, Aug. 22, 2024 /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 new electronic monitoring contracts with multiple Sheriff agencies across West Virginia. These contracts leverage SuperCom's innovative PureOne suite, enhanced with both cellular and WiFi communication capabilities, to provide robust monitoring solutions in rural areas with limited cellular covera ...

Financial Data and Key Metrics Changes - SuperCom reported a record quarterly net income of $2.2 million, reflecting a 182% increase quarter-over-quarter and a $3.3 million year-over-year improvement [5][26] - Operating cash flows improved by $5.3 million year-over-year, reaching $2 million this quarter from a negative $3.3 million in Q2 of the previous year [23][27] - Gross margin improved by 20.4 percentage points to 49.6% year-over-year, with gross profit increasing by 65.2% to $3.7 million compared to $2.3 million [22][24] Business Line Data and Key Metrics Changes - EBITDA increased by 82% year-over-year to $1.6 million, reflecting the benefits of operating leverage associated with higher revenues [6][26] - The company has secured over 50 new multi-year government projects since 2018, indicating strong growth in its electronic monitoring solutions [8][11] 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 [9][15] - SuperCom has expanded its business into over 10 countries in Europe, securing significant new contracts through competitive tender processes [12][19] Company Strategy and Development Direction - SuperCom aims to revolutionize the public safety sector with proprietary electronic monitoring technology and advanced AI-driven analytics [7][8] - The company is focused on expanding its presence in the U.S. market, which is estimated to be 3x to 4x the size of the European market [15][16] Management's Comments on Operating Environment and Future Outlook - Management highlighted the growing demand for electronic monitoring solutions driven by high recidivism rates and the rising costs of incarceration [20][29] - The company is optimistic about its growth potential, particularly in the U.S. and European markets, and plans to continue investing in R&D and sales [21][29] Other Important Information - SuperCom's long-term debt includes approximately $29 million, with senior debt due at the end of 2025 and subordinate debt expected to be amended to 2028 or 2029 [33][34] - The company has made significant strides in reducing long-term liabilities by $4.5 million year-over-year [26] Q&A Session Summary Question: Plans for U.S. sales force expansion - Management indicated that they are gradually expanding the sales team in the U.S. to support growth, with plans to add more quota-carrying sales reps [31][32] Question: Long-term debt details - The senior debt from Fortress is approximately $18 million, due at the end of 2025, with potential amendments to the subordinate debt [34][35] Question: Operating cash flow expectations for 2024 - Management expressed optimism about generating positive operating cash flow for the full year 2024, citing strong trends in recent quarters [36][37] Question: Revenue trajectory for the second half of the year - Management refrained from providing specific guidance but noted a positive trend and a strong pipeline for the second half of the year [38][39] Question: Time for new sales personnel to become productive - Typically, new sales personnel may take six to nine months to become productive, but experienced hires can make an impact within a few months [40][41]

Revenue of $7.5 million; Record Net Income of $2.2 million; Positive Operating Cash Flow of $2 million TEL AVIV, Israel, Aug. 15, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the three months ended June 30, 2024. Second Quarter Ended June 30, 2024, Financial Highlights (Compared to the Second Quarter of 2023) Revenue was $7.5 million compared to $7.7 million. Gross Profit surged by 65.2% ...

Company Overview - SuperCom is a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, established in 1988 [4] - The company specializes in traditional and digital identity solutions, offering advanced safety, identification, and security solutions to both public and private organizations worldwide [4] Upcoming Financial Results - SuperCom will hold a conference call on August 15, 2024, at 10 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024 [1] - Financial results will be released in a press release prior to the conference call [1] Conference Call Details - The conference call will include a question-and-answer period following the management's presentation [3] - Dial-in information for the conference call includes a U.S. toll-free number (888-506-0062), an Israel toll-free number (1-809-423-853), and an international number (973-528-0011) [2]

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- ...

Core Insights - SuperCom has received orders from European governments valued at over $3 million, expected to be delivered by the end of Q3 2024 [1][6] - The company recently secured an additional $5 million in orders from European governments less than two months prior, highlighting the trust in its technology [6] Company Overview - SuperCom is a global provider of secured solutions for e-Government, IoT, and Cybersecurity sectors, with a focus on electronic monitoring solutions [1][5] - The PureSecurity Suite is an end-to-end electronic monitoring solution designed for correctional facilities and law enforcement, featuring advanced GPS tracking and real-time reporting capabilities [2][5] Strategic Positioning - The recent orders strengthen SuperCom's position as a leader in electronic monitoring solutions for public safety, reflecting its commitment to delivering exceptional results [4][6] - The company aims to foster lasting partnerships with governments worldwide through its innovative public safety products and solutions [4][6]

Core Insights - SuperCom's subsidiary, Leaders in Community Alternatives (LCA), has secured a new contract expected to generate nearly $500,000 in annual recurring revenue, marking the fourth new contract win in North America for 2024 [1] - The program will provide housing and evidence-based case management services to youth and those transitioning from housing, starting in summer 2024 for an initial term of two years, with plans for extension [1][2] Company Overview - SuperCom is a global provider of secure solutions for e-Government, IoT, and Cybersecurity sectors, offering advanced safety, identification, and security solutions to governments and organizations worldwide since 1988 [5] - The company focuses on comprehensive support services, particularly in rehabilitative services and secure solutions, aiming to create value for government customers and the communities they serve [4] LCA's Role - LCA has been a leading private criminal justice organization in California for over 33 years, providing community-based services and electronic monitoring programs [6] - The organization employs evidence-based treatment services designed to break the cycle of recidivism, addressing cognitive and behavioral issues as well as substance abuse [6]