SuperCom Ltd. (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today announced its financial and operating results for the 2nd quarter and 1st half of 2023. In year-over-year comparisons, Q2 2023 revenue increased by 141% to $7.7 million, gross profit increased by 77% to $2.3 million, positive EBITDA improved to $0.9 million compared to -($0.7) million and non-GAAP EPS improved to $0.07 compared to -($0.50). Additionally, the trailing-twelve-month period ended June 30 and first half of the year both showed revenue more than doubling and over $2m improvement in EBITDA.
In the press release, the company also shared a long list of recent business highlights. Ordan Trabelsi, President and CEO of SuperCom, commented, “Our achievements are a testament to the unwavering dedication of our global multidisciplinary team in pursuing and executing groundbreaking public safety projects. Notably, the first national electronic monitoring project in Romania, valued at $33 million, and other lucrative recent new projects in Sweden , Finland , Croatia and California have contributed significantly to our success. When combined with a high recurring revenue base, a rapidly-growing track record of excellence, and our state-of-the-art proprietary technology suite, these accomplishments reinforce the positive trends driving our business.”
To access a replay of today’s investor conference call, visit https://ibn.fm/fOfBw
To view the full press release, visit https://ibn.fm/R6nWn
About SuperCom
Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation. For more information, visit https://www.supercom.com
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