Core Insights - SuperCom has secured a new electronic monitoring contract in Virginia, marking its ninth entry into a U.S. state since mid-2024, which highlights the company's rapid expansion in North America [1][4] - The Virginia service provider selected SuperCom after a thorough evaluation, demonstrating the company's competitive advantages in performance and innovation, leading to the displacement of the incumbent vendor [2][4] - SuperCom will transition the provider's current GPS electronic monitoring program to its PureOne™ GPS tracking technology, positioning itself as the primary technology partner for current and future operations in Virginia [3][4] Financial Performance - In the first quarter of 2025, SuperCom reported a record net income of $4.2 million and gross margins of 63.3%, indicating strong financial performance and growth potential [4] Strategic Expansion - The new contract in Virginia is part of SuperCom's broader U.S. expansion strategy, which aims to enter new regions, enhance recurring revenue, and support public safety with advanced technology [4]

Non-GAAP Net Income $5.24 million; Non-GAAP EPS $1.5; Record Gross Margin 63.3%TEL AVIV, Israel, May 14, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the first quarter, ended March 31, 2025.First Quarter Ended March 31, 2025, Financial Highlights (Compared to the First Quarter of 2024) Revenue increased to $7.05 million, from $6.85 million. Gross profit grew 18% to $4.5 million, from $3.8 ...