24/7 Market News Snapshot 28 April, 2025 – SuperCom, Ltd (NASDAQ:SPCB)

April 28, 2025

DENVER, Colo., 28 April, 2025 (www.247marketnews.com) – (NASDAQ:SPCB) are discussed in this article.
SuperCom, a prominent provider of secure solutions in e-Government, IoT, and Cybersecurity, has unveiled its financial results for the fiscal year 2024, marking a notable milestone with total revenues reaching $27.6 million, an increase of 4% from the previous year. This achievement signifies SuperCom’s fourth consecutive year of revenue growth and represents the highest annual revenue performance in the past seven years. Furthermore, the company has reported a remarkable 31% rise in gross profit, totaling $13.4 million, which translates to a gross margin of 48.4%.

Having undergone a strategic transformation initiated in 2021 under new management, SuperCom reflects a significant recovery, as evidenced by its first full-year GAAP profitability since 2015, achieving a net income of $661 thousand, a stark contrast to the $4 million loss reported in prior years. The non-GAAP net income nearly doubled, reaching $6.33 million, highlighting enhanced operational efficiency. Additionally, the company achieved record EBITDA of $6.3 million, showcasing a 31% year-over-year increase.

In parallel to its financial success, SuperCom has recently experienced volatility in the pre-market trading, with shares declining approximately 20% to $6.356, following a previous close of $7.940. This drop may suggest heightened market reactions to recent unfavourable news or investor sentiment. Trading activity has intensified, with a reported volume of 1.53 million shares, pointing toward possible liquidation of positions or new short selling.

Despite these fluctuations, SuperCom has made significant strides by securing over 20 new electronic monitoring contracts in diverse markets. Recent initiatives include launching domestic violence monitoring programs in Europe and establishing partnerships to expand their footprint in the United States. The company is poised for continued growth, leveraging its successful strategic roadmap to enhance public safety and societal contributions.

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