- Hawk Point Media recently interviewed SuperCom President and CEO Ordan Trabelsi to discuss the company’s remarkable 2023 performance and future growth
- SuperCom’s extensive investment in R&D, over $40 million since 2014, further solidifies its position as a sector trailblazer
- SuperCom plans to retain its position and continue providing practical, effective, and scalable monitoring solutions for tracking offenders, benefiting all stakeholders
SuperCom (NASDAQ: SPCB), a global leader in secured solutions for the e-government, IoT, and cybersecurity sectors, offers a comprehensive suite of field-proven RFID and GPS tracking technologies. SuperCom’s services span various industries, including security, public safety, law enforcement, domestic violence prevention, and electronic monitoring of offenders. Exploring SuperCom’s success, Hawk Point Media recently interviewed SuperCom President and CEO Ordan Trabelsi to discuss the company’s remarkable 2023 performance and future growth drivers (https://ibn.fm/CvJ4B).
Despite being under-the-radar among investors, SuperCom is entering its 37th year of business and is highly recognized in the professional world. According to Trabelsi, the company’s focus has always been on innovation and providing top-tier traditional and digital identity monitoring solutions. Trabelsi believes that the company’s world-class solutions portfolio has the potential to reshape the identification, monitoring, and public safety landscape. This potential is reflected in the recent record revenues and EBITDA.
As the company continues to demonstrate consistent performance, market cap valuation could be more in line with the company’s operational success, similar to the period between 2012 and 2014 when the stock price appreciated by over 2,000%.
SuperCom’s 2023 results highlight its impressive operating performance. The company posted 5-year-record revenues of $26.6 million, a 51% increase year-over-year, and an EBITDA of $4.8 million, a 2350% increase year-over-year. Gross profit surged 60% year-over-year to $10.2 million, bolstered by a strong Q4 performance. The company has also started 2024 strongly, securing new contracts in California and Canada, and receiving $5 million in new orders from European governments. This strategy of winning more contracts while streamlining operations and demonstrating improved performance could help close valuation gaps.
Significant project wins have also driven SuperCom’s success. In 2022, the company secured a $33 million project with Romania’s Ministry of Interior, further establishing its reputation for executing large-scale national projects. Additionally, SuperCom launched a $3.6 million national electronic monitoring (“EM”) project in Finland and a $4.25 million contract for adult re-entry services in Northern California. Technological advancements, such as the PureProtect solution for domestic violence monitoring and the all-in-one ankle-bracelet solution PureOne, have been well-received and significantly expand the company’s addressable market, supporting expansion into the U.S. market.
SuperCom’s products and service platforms offer several advantages over competitors. For instance, the battery of the Pure Tag bracelet can last over a year without charging, while competitors’ battery usually requires daily charging. Additionally, the company’s location tracking technology is more accurate and works even underground and within buildings. These products are ergonomic, lightweight, and cost-effective, providing a humane-centered alternative to incarceration and improving rehabilitation outcomes.
The company’s solutions can enhance the protection of vulnerable populations, such as victims of domestic violence, through rapid response mechanisms, secure communication channels, and real-time monitoring. SuperCom’s extensive investment in R&D, over $40 million since 2014, on top of the long track record of success of its R&D teams, has resulted in over 100 patents, solidifying its position as a sector trailblazer. These technological advantages have led to a contract win rate of over 65% in National Government Tenders in Europe. As the company expands its footprint globally, it aims to achieve similar success in new markets like the U.S. and Canada.
Entering Q2, SuperCom remains committed to revolutionizing government sectors through superior technology and solutions. This approach has made the company a leader in offender tracking and monitoring solutions. By staying ahead of technological advancements, SuperCom plans to retain its position and continue providing practical, effective, and scalable monitoring solutions for tracking offenders, benefiting all stakeholders involved.
The company’s strategic innovations, top-notch technology, and focus on public safety have propelled it to record growth and established it as a leader in its field. As it continues to expand globally, SuperCom is well-positioned to further enhance its impact and drive continued success.
For more information, visit the company’s website at www.SuperCom.com.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB
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