TuesdayAug 29, 2023 9:00 am

SuperCom Ltd. (NASDAQ: SPCB) Is Helping to Lead Electronic Monitoring Industry into the Future Following Major California Contract

SuperCom, through its fully-owned subsidiary, Leaders in Community Alternatives (“LCA”), just closed a multi-million dollar contract in California that will run until 2026 The contract marks another substantial achievement for SuperCom, building on a track record of securing numerous electronic monitoring contracts in the U.S. and Europe The company’s management notes how well it is positioned to help the electronic monitoring industry move into the future SuperCom (NASDAQ: SPCB), a leading global provider of traditional and digital identity security solutions offering advanced safety, identification, and security products and solutions to governments, just closed a multi-million dollar contract in California. The…

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FridayAug 25, 2023 9:00 am

SuperCom Ltd. (NASDAQ: SPCB) Announces ‘Breakthrough Performance’ with Q2 and H1 2023 Results

SuperCom recently released its second quarter and first half 2023 results for the period ended June 30, 2023 Financial highlights included a 141% YoY increase in quarterly revenue and a 126% YoY increase in half-year revenue to $7.7 million and $14.1 million, respectively The company reported a 106% increase in trailing-twelve-month revenue to $25.5 million from $12.4 million SuperCom provided business highlights, documenting its recently awarded contracts and projects in Europe (Romania, Finland, and Iceland) as well as in the US President and CEO Ordan Trabelsi credits the company’s investments in research and development as well as sales and marketing…

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ThursdayAug 17, 2023 1:03 pm

QualityStocksNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces ‘Milestone’ Multimillion-Dollar Electronic Monitoring Contract

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, Internet of Things (“IoT”) and cybersecurity sectors, has secured a new contract to provide alcohol monitoring technologies and services in California. The contract, which is for an initial three-year term and is valued at up to $3 million, was secured through SPCB’s wholly owned subsidiary Leaders in Community Alternatives (“LCA”). Noting that the contract further solidifies the company's strong position in the electronic monitoring industry, SuperCom called the contract win another milestone for the company’s expansion into the U.S. market. According to the announcement, the contract is already…

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FridayAug 11, 2023 9:45 am

SuperCom Ltd. (NASDAQ: SPCB) Is ‘One to Watch’

Trailing-Twelve-Month (“TTM”) Revenue increased by 106% YoY to $25.5 million from $12.4 million in the prior 12-month period, outpacing the global industry average by 10x TTM EBITDA increased to $2.5 million from -($0.25) million in the prior 12-month period The company’s Q2 2023 revenue increased by 141% YoY to $7.7 million The company has seen a high YoY quarterly revenue growth trend: Q3 2022 – 102%; Q4 2022 – 69%; Q1 2023 – 109% SuperCom’s recurring revenue represents 73% of total revenue Approximately $200 million in EU contracts up for award in the upcoming 18 months Over 65% win rate…

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WednesdayAug 02, 2023 1:32 pm

QualityStocksNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Pricing for $2.75M Public Offering

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-government, Internet of Things (“IoT”) and cybersecurity sectors, announced the pricing of its current public offering of 3,235,295 units at a public offering price of $0.85 per unit. According to the announcement, each unit includes one ordinary share (or a prefunded warrant in lieu thereof) and one warrant to purchase one ordinary share. The company noted that the common warrants will be immediately exercisable at an exercise price of $0.85 per share with an expiration date five years from the date of issue. The announcement noted that gross proceeds from the public offering, which…

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