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Super .(SPCB) - 2023 Q1 - Quarterly Report
2023-03-31 13:00
Exhibit 10.1 SECURITIES PURCHASE AGREEMENT This Securities Purchase Agreement (this "Agreement") is dated as of March 30, 2023, between SuperCom Ltd., an Israeli corporation (the "Company"), and the purchaser identified on the signature pages hereto (including its successors and assigns, the "Purchaser"). WHEREAS, subject to the terms and conditions set forth in this Agreement and pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "Securities Act" or "Act") and ...
SuperCom (SPCB) Investor Presentation - Slideshow
2023-01-19 22:33
Corporate Presentation, January 2023 NASDAQ: SPCB Safe Harbor Statement General. This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should ...
Super .(SPCB) - 2022 Q3 - Earnings Call Transcript
2022-10-26 21:11
SuperCom Ltd. (NASDAQ:SPCB) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Stephanie Prince - PCG Advisory Ordan Trabelsi - President and CEO Conference Call Participants Operator Ladies and gentlemen, good morning, and welcome to the SuperCom Third Quarter 2022 Financial Results and Corporate Update Conference Call. [Operator Instructions] Participants of this call are advised that the audio of this conference call is being broadcast live over the Internet and is also be ...
Super .(SPCB) - 2022 Q3 - Quarterly Report
2022-09-30 20:30
Exhibit 1 SUPERCOM LTD CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS as of June 30, 2022 (Unaudited) SUPERCOM LTD | | 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 – 10 | 2 SUPERCOM LTD CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands) ...
Super .(SPCB) - 2022 Q2 - Earnings Call Transcript
2022-08-09 14:20
SuperCom Ltd. (NASDAQ:SPCB) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Stephanie Prince - PCG Advisory Ordan Trabelsi - President and CEO Conference Call Participants Operator Ladies and gentlemen, good morning, and welcome to SuperCom's Second Quarter 2022 Financial Results and Corporate Update Conference Call. At this time all participantsÂ' are in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Op ...
Super .(SPCB) - 2022 Q1 - Earnings Call Transcript
2022-05-12 16:55
Supercom Ltd (NASDAQ:SPCB) Q1 2022 Earnings Conference Call May 12, 2022 8:30 AM ET Company Participants Ordan Trabelsi - President & CEO Conference Call Participants Operator Ladies and gentlemen, good morning, and welcome to SuperCom's First Quarter 2022 Financial Results and Corporate Update Conference Call. [Operator Instructions]. Participants of this call are advised that the audio of this conference call is being broadcast live over the Internet and is also being recorded for playback purposes. Joini ...
Super .(SPCB) - 2021 Q4 - Annual Report
2022-04-04 20:19
Customer Dependence and Revenue Sources - In the year ended December 31, 2021, 10% of consolidated net revenue was attributable to sales to one large customer[42]. - In the year ended December 31, 2020, 23% of consolidated net revenue was attributable to sales to two large customers[43]. - In the year ended December 31, 2019, 7% of consolidated net revenue was attributable to sales to one large customer[44]. - The company depends on orders from large customers for a substantial portion of its revenues, and the loss of these customers could adversely impact its business[42]. - Approximately 44% of the company's revenues for the years ended December 31, 2021, and 50% for 2020 were derived from sales to markets outside of the United States[70]. Financial Performance and Challenges - The company has had profitable operations in only one of the last seven years ended December 31, 2021[54]. - The global macroeconomic environment remains challenging, influenced by factors such as the COVID-19 pandemic and geopolitical tensions, which may adversely affect business operations[67]. - The company may experience material impacts on its business if global economic conditions deteriorate further[67]. - The company’s financial and operating results have historically fluctuated due to reliance on a limited number of customers and the nature of e-Gov and IoT solutions[74]. - Total revenue for the year ended December 31, 2021, was $12,267,000, an increase of 4.23% from $11,770,000 in 2020[211]. Competition and Market Risks - The company faces intense competition in the IoT, e-Gov, and Cyber Security markets, which are characterized by rapidly changing technology and customer requirements[45]. - The average selling prices for the company's products may decline due to competitive pricing pressures, which could adversely affect gross margins[47]. - The company faces significant risks in expanding international operations, including regulatory approvals and geopolitical uncertainties[70]. - The company’s operating results may be adversely affected by unfavorable economic conditions and supply chain disruptions[79]. Technology and Product Development - The company has sought to acquire complementary businesses to compete effectively, but future acquisitions may not perform as planned and could disrupt operations[51]. - The company plans to continue acquiring technologies to expedite time to market for new products[208]. - The company altered its IoT strategy in 2012 to focus on public safety, healthcare, and transportation management, enhancing its product offerings including the Pure Security Suite and PureTrack[135]. - The company currently holds 52 issued patents in the United States and 74 issued patents globally[222]. Government Contracts and Regulations - The company is subject to risks associated with government contracts, including budgetary restrictions and potential cancellation of contracts[59]. - Government regulations on radio frequency technology may delay product introductions in the U.S. and European markets[95]. - The sales cycle for government customers typically ranges from three to 24 months, while for commercial customers it ranges from one to 12 months, impacting revenue timing[76]. COVID-19 Impact - The COVID-19 pandemic has materially adversely affected the company's financial results and operations during the fiscal year ended December 31, 2021[98]. - The company is continuously monitoring operations to mitigate risks arising from the COVID-19 pandemic[103]. Shareholder and Corporate Governance - The company has a significant shareholder, Sigma Wave Ltd., owning approximately 16.1% of outstanding shares, which may influence corporate decisions[106]. - SuperCom Ltd. operates under Israeli law, which may differ from U.S. corporate governance standards, affecting shareholder rights[117][118]. Employee and Operational Challenges - The company faces high competition for qualified technical personnel, which may disrupt its operations[92]. - The company relies on third-party representatives, resellers, and distributors for marketing and distribution, which could result in delays and impact sales revenues[61]. Acquisitions and Historical Context - SuperCom Ltd. was incorporated in Israel on July 4, 1988, and has undergone several reorganizations and acquisitions since its establishment[125][126]. - The company sold its entire equity interest in a U.S. subsidiary, InkSure Technologies, Inc., for approximately $6.6 million in 2002[127]. - The acquisition of Security Holding Corp. in 2007 was completed for approximately $4.34 million in ordinary shares and direct expenses of about $600,000[129]. - The company has made four acquisitions in 2016 to enhance capabilities in e-Gov, IoT, and Cyber Security segments[212]. Product Offerings and Innovations - The company offers a complete end-to-end in-house solution for credentialing and verifying individuals, utilizing the MAGNA™ platform for e-passports, national identity cards, and more[169]. - The IoT division features a hybrid IoT suite tailored for industries such as public safety and healthcare, enhancing resource utilization and real-time monitoring[175]. - The PureRF Suite offers a comprehensive asset management solution using active RFID technology, enabling precise identification and tracking of people and objects[177]. - The GPS offender tracking system includes the PureTrack smartphone device and supports various communication methods, enhancing monitoring capabilities[188].
Super .(SPCB) - 2021 Q4 - Earnings Call Transcript
2022-04-01 01:28
Financial Data and Key Metrics Changes - The company achieved a 4% increase in revenue for the full year of 2021, marking the first growth since 2017 [34] - EBITDA decreased to $2.1 million in 2021 from $2.8 million in 2020, impacted by the completion of a maintenance contract with an African client [34] - Gross margins improved to 51% in 2021, up from 47% the previous year, primarily due to enhancements in the Services segment [35] - The company reported an operating loss of $6.7 million in 2021, compared to a loss of $3.7 million in 2020, largely due to one-time expenses [37] Business Line Data and Key Metrics Changes - The IoT division grew from $7.6 million to $8.9 million, indicating a shift from legacy identification business to public safety business [46] - E-Gov revenues declined from $1.9 million to $1.7 million, while cybersecurity revenues decreased from $2.2 million to $1.6 million [46] Market Data and Key Metrics Changes - The electronic monitoring market was valued at approximately $1.1 billion in 2020 and is estimated to reach $1.6 billion by 2025, with the U.S. and Europe constituting about 95% of these markets [18] - The company has seen an uplift in RFP bid activity in Europe, with over $200 million in expected project bid opportunities in the next 18 months [19] Company Strategy and Development Direction - The company is focusing on revolutionizing the public safety sector through proprietary electronic monitoring technology and data intelligence [12] - A strategic shift has been made away from legacy business towards recurrent revenues in developed countries, particularly in the IoT tracking business [23] - The company aims to enhance growth through strategic acquisitions and local support providers with strong reputations [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future despite the uncertainties posed by the global pandemic and geopolitical crises [9] - The company anticipates continued project wins and deployment as it executes its business plan [54] Other Important Information - The company raised $4.65 million in a registered direct offering in March 2022, providing additional liquidity to execute its business plan [32] - The company has won over $25 million worth of projects in California since acquiring LCA in 2016, indicating strong market presence [24] Q&A Session Summary Question: Can you tell us more about the contract closed in Croatia? - Management expressed excitement about winning Croatia's first nationwide electronic monitoring contract, competing against several vendors and scoring the highest [39][40] Question: Is the Finland contract live yet, and what are the delays? - Management clarified that they do not expect similar delays with Croatia as seen in Finland, where an appeal process caused delays [45] Question: What are the revenue figures for e-Gov and cybersecurity? - Management provided unaudited figures showing e-Gov revenues declined from $1.9 million to $1.7 million, and cybersecurity revenues decreased from $2.2 million to $1.6 million, while IoT grew from $7.6 million to $8.9 million [46]
Super .(SPCB) - 2021 Q3 - Earnings Call Transcript
2021-11-11 19:59
Financial Data and Key Metrics Changes - Revenues for Q3 2021 were 25% higher than the Q3 2020 average, driven by new projects and a recovery from COVID impacts on existing projects [21] - Gross profit increased to 34.9% in Q3 2021 compared to 27.3% in the Q3 2020 average [22] - Operating loss for Q3 2021 was $1.9 million, an improvement from a loss of $2.2 million in Q3 2020 average [23] - Net income for the quarter was a loss of $2.5 million, compared to a loss of $3.7 million in the Q3 2020 average [23] - Total cash and cash equivalents as of September 30, 2021, were $6.3 million, down from the previous quarter due to operating losses and working capital increases [24] Business Line Data and Key Metrics Changes - The company has shifted focus from legacy identification business to recurring revenues in developed countries, particularly in IoT tracking [10] - New projects in California include a $1 million project for rehabilitative services and a $4 million juvenile programming project, both expected to generate recurring revenue [8][9] - In Europe, the company has won multiple projects, including a $3.6 million national electronic monitoring project in Finland and a $7 million project in Sweden, reflecting a strong competitive position [11] Market Data and Key Metrics Changes - The company has seen an uplift in RFP activity in Europe and the U.S., with a win rate of over 65% in competitive RFPs [11] - The electronic monitoring market in the U.S. is fragmented, with numerous local service providers, presenting acquisition opportunities for the company [39] Company Strategy and Development Direction - The company aims to enhance growth through strategic acquisitions in the electronic monitoring market, focusing on local service providers [16] - Investments in research and development continue to ensure competitive technology offerings, with a focus on IoT solutions [12][13] - The company is expanding its sales and marketing teams in the U.S. and Europe to drive growth in IoT solutions [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market, citing demographic trends that favor electronic monitoring solutions due to budget constraints in correctional institutions [17] - The COVID-19 pandemic has created new revenue streams in the IoT segment, particularly with solutions for managing travel and minimizing disease spread [20] - The company is focused on capitalizing on recent successes and expanding its global footprint [14] Other Important Information - The company has not reported Q3 2020 financial results, and comparisons are made to an average of Q3 and Q4 2020 results [21] - A one-time charge of $689,000 was incurred in Q3 2021 related to a settlement from an old dispute [23] Q&A Session Summary Question: Share count for September - The average share count for September is 26,234,102 [28] Question: Covenants associated with long-term bank loan - The company has not converted any debt with Fortress; it remains on the balance sheet [30] Question: New deals announced - Four new deals have been announced since the end of the June quarter, including projects in California and Finland [32][35] Question: U.S. market characterization - The U.S. market is fragmented with many local service providers, presenting acquisition opportunities [37] Question: Progress on finding a CFO - The company is actively searching for a CFO to finalize investments in the financial department [45] Question: Auditors settled on - The company continues to work with the same Israeli firm, Halperin, for audits [48]
SuperCom (SPCB) Investor Presentation - Slideshow
2021-08-23 19:23
: " 0 daries . August 2021 Investor Presentation Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would" ...