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]