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SuperCom Wins Third Electronic Monitoring Contract in North Carolina
Prnewswire· 2026-01-22 14:15
Follow-on deployment in the state builds on initial PureOne rollout announced in December TEL AVIV, Israel, Jan. 22, 2026 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, today announced its third electronic monitoring (EM) contract in North Carolina. The new agreement builds on SuperCom's recent momentum in the state, following its initial PureOne rollout with a local service provider announced in December 2025 and the stat ...
SuperCom Secures Second Electronic Monitoring Project in Wisconsin
Prnewswire· 2026-01-13 14:15
Expansion builds on SuperCom's initial entry into Wisconsin several months ago and demonstrates its ability to scale within established regions TEL AVIV, Israel, Jan. 13, 2026 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, today announced the expansion of its footprint into an additional county in the state of Wisconsin. The new electronic monitoring (EM) project marks SuperCom's second county-level project in the state, ...
SuperCom Wins National Electronic Monitoring Contract in Western European Country
Prnewswire· 2026-01-06 14:00
Core Insights - SuperCom has secured a national electronic monitoring contract in a Western European country, marking the expansion of its domestic violence solutions to a tenth nation globally [1][5] - The contract will support multiple national government agencies and includes various public safety programs such as domestic violence monitoring and GPS tracking of offenders [2][3] Group 1: Contract Details - The contract is structured as a multi-year framework with a minimum term of three years, allowing for expansion as additional monitoring needs arise [4] - The project is expected to launch in the first quarter of 2026 and involves the purchase of monitoring devices along with ongoing monthly service fees [4] Group 2: Company Performance and Strategy - SuperCom's President and CEO highlighted that this contract validates the company's technology and execution capabilities, reinforcing its position in public safety [5] - The company has achieved over 16 national electronic monitoring project wins across Europe and more than 35 new contract wins in the U.S. since mid-2024, indicating strong international momentum [5] Group 3: Technology and Solutions - SuperCom's PureSecurity Suite is a comprehensive electronic monitoring platform featuring advanced GPS and RF tracking, anti-tamper mechanisms, and multi-factor biometrics [6] - The modular architecture of the PureSecurity Suite supports various use cases, including domestic violence prevention and community supervision [6] Group 4: Financial Performance - SuperCom reported a net income of $6.0 million and over 35% EBITDA margins through the first nine months of 2025, positioning the company for long-term growth and expansion [5]
SuperCom Secures New Electronic Monitoring Contract in Alabama, Expanding State Footprint
Prnewswire· 2025-08-20 12:30
Core Insights - SuperCom has secured a new electronic monitoring contract with a community corrections agency in Alabama, marking its second agency win in the state this year, reflecting strong customer satisfaction and technology performance [1][2][3] - The contract involves the deployment of SuperCom's PureSecurity™ Suite, including the PureOne™ GPS solution, and follows a recurring revenue model based on daily active units [1][2] - The company's successful U.S. expansion strategy has led to over 30 new contracts and entry into 11 new states since mid-2024, displacing multiple incumbent vendors [3] Financial Performance - SuperCom reported a record first-half net income of $5.3 million and a gross margin of 61.2%, supporting its growth and expansion efforts [3] Technology and Service Offering - The PureSecurity™ Suite aims to improve supervision, strengthen compliance, and enhance public safety outcomes across the region [2][3] - SuperCom has been recognized for its high-quality service and innovative monitoring technology, which has contributed to its growing reputation in the industry [2][3]
SuperCom Reports Record Net Income of $5.3 Million and Non-GAAP EPS of $1.84 for First Half 2025
Prnewswire· 2025-08-14 13:25
Core Insights - SuperCom reported a revenue of $14.2 million for Q2 2025, slightly down from $14.4 million in Q2 2024, but gross profit increased by 15.2% to $8.7 million, with a gross margin expansion to 61.2% from 52.3% [5][7] - The company achieved a significant increase in operating income, which more than doubled to $2.3 million, resulting in an operating margin of 16.2%, up from 7.6% [5][7] - Net income rose by 79.5% to $5.3 million, while non-GAAP net income increased by 61.3% to $7.4 million [5][7] Financial Highlights - For the first half of 2025, revenue was $14.2 million compared to $14.4 million in the first half of 2024 [2] - Gross profit for the first half increased by 15.2% to $8.7 million from $7.5 million [5] - EBITDA for the first half rose by 41.1% to $5.1 million compared to $3.6 million [5] Recent Business Developments - Since mid-2024, SuperCom secured over 30 new electronic monitoring contracts across the U.S., including entry into 11 new states [5][8] - The company was awarded a reentry-services contract in Northern California valued at up to $2.5 million over five years [5] - SuperCom's technology was selected for a statewide procurement contract by the North Carolina Sheriff's Association, allowing counties to contract directly with the company [5][8] Management Commentary - The CEO highlighted record first-half results with a gross margin of 61.2% and significant improvements in operating profitability [7] - The company is focusing on expanding its presence in the U.S. market, which offers larger opportunities compared to Europe [8] - SuperCom's strategic initiatives are aimed at broadening its recurring revenue base and displacing incumbents with its PureSecurity™ technology [7][8]
SuperCom to Report Second Quarter 2025 Financial Results on August 14, 2025
Prnewswire· 2025-08-01 12:00
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] - SuperCom's offerings include proprietary e-government platforms, biometrics enrollment, and robust digital identity solutions [4] Upcoming Financial Results - SuperCom will hold a conference call on August 14, 2025, at 10:00 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2025 [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 hosted by SuperCom management [2] - Dial-in information includes U.S. toll-free number 877-545-0523, Israel toll-free number 1-809-423-853, and international number 973-528-0016 [3] - Participants are advised to call 5-10 minutes prior to the start time for registration [3]
SuperCom Signs New Contract with Southeastern Electronic Monitoring Service Provider to Boost U.S. Market Expansion
Prnewswire· 2025-06-06 13:12
Core Insights - SuperCom has secured a new contract with a Southeast-based service provider to introduce its Electronic Monitoring technology into Florida and Mississippi, marking the company's continued expansion in the U.S. market [1][4] - This partnership is the ninth new service provider collaboration since mid-2024, indicating a strong validation of SuperCom's technology and market strategy [4] Company Overview - SuperCom is a global provider of secured solutions for e-Government, IoT, and Cybersecurity sectors, with a history dating back to 1988 [5] - The company specializes in advanced safety, identification, and security solutions, including electronic monitoring, which supports public safety and rehabilitation efforts [5] Technology and Services - SuperCom's proprietary technology was selected for its innovative design, which combines secure and accurate monitoring with a lightweight device, enhancing user experience [3] - The new agreement will allow the service provider to expand its offerings to include SuperCom's advanced electronic monitoring technology, improving compliance monitoring and case management for court-ordered supervision [3][4] Market Position - The collaboration leverages the service provider's established presence and relationships with local agencies, facilitating faster market entry for SuperCom [4] - The partnership is expected to enhance public safety by enabling more effective monitoring and management of community supervision programs [2][3]
SuperCom Awarded North Carolina Sheriff's Association Technology Procurement Contract
Prnewswire· 2025-06-04 12:54
Core Insights - SuperCom has been awarded a statewide technology procurement contract by the North Carolina Sheriff's Association, becoming the only new electronic monitoring technology provider selected through a competitive RFP process [1][4] - This contract allows all counties in North Carolina to contract directly with SuperCom on preset terms, facilitating efficient purchasing for law enforcement and public safety agencies [1][2] - The company plans to present its technology at a large conference organized by the North Carolina Sheriff's Association, aiming to expand its reach across the state [3] Company Performance - SuperCom met stringent requirements for the contract, including financial stability and positive feedback from five active U.S. customers [2] - Multiple solutions from SuperCom's Pure Security suite, including PureOne, PureTrack, and PureShield, were approved for procurement under this contract [2] - The contract will follow a recurring revenue model, with billing based on daily unit count [3] Strategic Expansion - The contract win is seen as a significant milestone in SuperCom's expansion strategy within the U.S. public safety market [4] - The company is exploring new avenues for U.S. expansion, with this award providing a potentially impactful opportunity [5] - State-level procurement vehicles are expected to enable faster sales cycles and broader access to counties across the U.S., enhancing SuperCom's confidence in its expansion trajectory [5]
SuperCom Reports Record Net Income of $4.2 Million and EPS of $1.2 for First Quarter 2025
Prnewswire· 2025-05-14 13:25
Core Insights - SuperCom reported strong financial results for Q1 2025, with revenue of $7.05 million, a gross profit of $4.5 million, and a record gross margin of 63.3% [1][4][6] - The company achieved a net income of $4.2 million, significantly up from $0.8 million in the same quarter of 2024, and a non-GAAP net income of $5.24 million [1][4][6] - SuperCom's cash and cash equivalents increased to $17.1 million, and working capital improved to $38.9 million, reflecting a solid financial foundation for future growth [4][6] Financial Highlights - Revenue increased by 2.9% from $6.85 million in Q1 2024 to $7.05 million in Q1 2025 [4] - Gross profit grew by 18% from $3.8 million to $4.5 million [4] - Gross margin improved from 55.3% to 63.3%, marking a 10-year record [4] - Non-GAAP net income rose from $1.35 million to $5.24 million [4] - Cash and cash equivalents increased from $3.2 million at the end of 2024 to $17.1 million [4] - Working capital improved from $22.5 million at the end of 2024 to $38.9 million [4] - Book Value of Equity increased from $11.7 million at the end of 2024 to $34.8 million [4] Business Developments - Since mid-2024, SuperCom secured over 20 new electronic monitoring contracts across the U.S., including entries into eight new states [4] - The company was awarded a national electronic monitoring contract by the Israel Prison Service, actively monitoring over 1,200 offenders [4] - New contracts were announced in various U.S. states, including Utah, Kentucky, and Arizona, as well as a partnership with a Canadian service provider [4][6] - SuperCom's technology saw over 200% growth in PureTrack™ GPS units as of January 2025, reflecting strong market demand [4] Management Commentary - The CEO highlighted the company's record-breaking success in Q1 2025, driven by strong project execution and strategic financial agreements [6] - The management emphasized the importance of disciplined execution and expanding the global footprint, with a focus on public safety and long-term value creation [7]
SuperCom to Present at Sidoti Virtual Investor Conference
Prnewswire· 2025-05-12 11:30
Company Overview - SuperCom is a global provider of secured solutions for e-Government, IoT, and Cybersecurity sectors, established in 1988 [3] - The company specializes in traditional and digital identity solutions, offering advanced safety, identification, and security solutions to both public and private organizations worldwide [3] - SuperCom's offerings include proprietary e-Government platforms, biometrics enrollment, personalization, issuance, and border control services [3] Upcoming Investor Conference - President and CEO Ordan Trabelsi will present a corporate overview and conduct one-on-one meetings with investors at the Sidoti Virtual Investor Conference on May 21-22, 2025 [1] - The presentation is scheduled to begin at 10:45 AM ET on May 21 and will be accessible live [2] - Investors can register for the presentation and one-on-one meetings for free, without needing to be a Sidoti client [2]