Identity Solutions
Search documents
SuperCom Wins Third Electronic Monitoring Contract in North Carolina
Prnewswire· 2026-01-22 14:15
Core Insights - SuperCom has secured its third electronic monitoring contract in North Carolina, building on the initial PureOne rollout announced in December 2025 and a statewide procurement vehicle awarded earlier in 2025 [1][2][3] Group 1: Contract Details - The new agreement involves deploying SuperCom's PureOne™ all-in-one GPS monitoring solution to support community supervision operations, marking the provider's first introduction of electronic monitoring technology into its criminal justice services [2][3] - The contract is structured as a recurring revenue model based on active daily units, with deployment expected to begin immediately [2] Group 2: Company Strategy and Market Position - The rapid follow-on contract win highlights the growing recognition of SuperCom's PureOne GPS technology and its capability to support quick program launches for service providers with varying levels of electronic monitoring experience [3][4] - North Carolina exemplifies the company's U.S. expansion strategy, where initial engagements lead to sustained adoption and broader footprints in the market [4] Group 3: Company Background - SuperCom has been a global provider of secure 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 and innovative solutions for various industries, including healthcare, law enforcement, and electronic monitoring [5]
SuperCom Secures Second Electronic Monitoring Project in Wisconsin
Prnewswire· 2026-01-13 14:15
Core Insights - SuperCom has expanded its operations into an additional county in Wisconsin, marking its second county-level project in the state since its initial entry in September 2025, showcasing the company's ability to scale within established regions [1][3] Group 1: Project Details - The new county deployment is facilitated through a partnership with a regional service provider established in 2025, where SuperCom's technology was chosen after a competitive evaluation against existing technologies [2] - The project will implement SuperCom's proprietary electronic monitoring technology for GPS tracking and introduce domestic violence monitoring initiatives, thereby broadening the range of electronic monitoring services available locally [2][4] Group 2: Company Performance - The recent project win in Wisconsin is the third new project secured by SuperCom since the beginning of the year, which includes a project in Europe and two in the U.S., indicating strong global execution momentum and effective expansion strategy [3] - The new project highlights the versatility of SuperCom's platform, which not only replaces legacy GPS technology but also enables the launch of domestic violence monitoring technology that was previously unavailable [4] Group 3: Company Background - 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 [5] - The company provides a comprehensive suite of RFID and mobile technology, along with advanced services for various industries, including healthcare, law enforcement, and electronic monitoring [5]
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]