NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB)
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Posted On: 11/14/2023 3:26:12 PM
NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Strong Q3 2023 Results Including 550% YoY EBITDA Growth and 5-Year-Record Net Profit
SuperCom Ltd. (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and cybersecurity sectors, today announced financial and operating results for the three and nine months ended Sept. 30, 2023. “We are excited to announce exceptional operational performance for Q3 2023, which is reflected in our financial results. A 5-year record net profit, remarkable 550% growth in EBITDA and 74% growth in gross profit margins are clear indicators of the successful execution of our growth strategy. The significant increase in the company’s profit margins is driven by the forward momentum we’ve maintained across our projects, where margins typically enhance as projects mature. This trend is an indicator of further potential margin expansion when project timelines align,” said Ordan Trabelsi, president and CEO of SuperCom. “As we look to the future, SuperCom is uniquely positioned to capitalize on the increasing global demand for secured electronic monitoring solutions. We are strategically investing in the continuous improvement of our offerings and extending our reach into new markets, which is already yielding promising results in the U.S. and other regions. Our focus remains on driving innovation, enhancing operational efficiencies, and delivering exceptional value to our customers and stakeholders. We are confident that our strategic decisions will further propel us towards achieving our long-term objectives and securing SuperCom’s position as a leader in the industry.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
SuperCom Ltd. (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and cybersecurity sectors, today announced financial and operating results for the three and nine months ended Sept. 30, 2023. “We are excited to announce exceptional operational performance for Q3 2023, which is reflected in our financial results. A 5-year record net profit, remarkable 550% growth in EBITDA and 74% growth in gross profit margins are clear indicators of the successful execution of our growth strategy. The significant increase in the company’s profit margins is driven by the forward momentum we’ve maintained across our projects, where margins typically enhance as projects mature. This trend is an indicator of further potential margin expansion when project timelines align,” said Ordan Trabelsi, president and CEO of SuperCom. “As we look to the future, SuperCom is uniquely positioned to capitalize on the increasing global demand for secured electronic monitoring solutions. We are strategically investing in the continuous improvement of our offerings and extending our reach into new markets, which is already yielding promising results in the U.S. and other regions. Our focus remains on driving innovation, enhancing operational efficiencies, and delivering exceptional value to our customers and stakeholders. We are confident that our strategic decisions will further propel us towards achieving our long-term objectives and securing SuperCom’s position as a leader in the industry.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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