SuperCom Ltd. (NASDAQ: SPCB) Reports Revenue Growt
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Posted On: 09/06/2024 5:09:58 PM
SuperCom Ltd. (NASDAQ: SPCB) Reports Revenue Growth with Offender Supervision Contract in Baltimore
- SuperCom Ltd., a secure solutions provider for the e-Government, IoT and Cybersecurity sectors, capitalizes on its proprietary technology suite and experienced 24/7 services to help government clients track and identify individuals under legal supervision
- The Israel-based company is focused on public safety through the monitoring of parolees and probation orders, domestic violence suspects and substance abuse rehabilitation patients
- SuperCom has reported a number of new contracts in the United States and Europe this year, helping the company to recognize record gross profit growth and a move into positive territory for its bottom line
- The offender-tracking industry provides value to society not only through security solutions, but also by reducing criminal recidivism and helping offenders to continue functioning as productive employees and family members
The growth and vitality of electronic monitoring (“EM”) technology innovator SuperCom (NASDAQ: SPCB) is reflected in the growing list of new contracts the company continues to secure, including a recently reported technology and service provision contract for an agency located near the nation’s capital.
The contract with the Baltimore-based client covers the deployment of SuperCom’s advanced GPS technology as well as its 24/7 monitoring center services. SuperCom is enhancing the service provider’s ability to legally track the movements of individuals under court-authorized supervision, such as parolees or domestic violence suspects.
“Our GPS technology and 24/7 monitoring center services are perfectly aligned to meet the needs of their clients and operations, providing robust and reliable solutions to support their mission,” SuperCom President and CEO Ordan Trabelsi stated in an Aug. 29 news release (https://nnw.fm/CuqmQ ). “This contract not only strengthens our footprint in the U.S. market but also reaffirms our commitment to delivering top-tier technology and services that empower our partners and clients to achieve their goals.”
Since the beginning of the year, SuperCom has announced millions of dollars in new orders from European clients on a recurring revenue basis, as well as new contracts with agencies in the United States. That includes a contract announced last month with multiple West Virginia sheriff agencies to leverage SuperCom’s PureOne technology suite for monitoring solutions in rural areas with limited cellular coverage (https://nnw.fm/Mqi8B ).
The contract in Maryland is estimated to generate an annual recurring revenue of about $250,000 for oversight and management of offenders in the criminal justice system.
SuperCom draws on the experience of employees with the nation’s defensive technologies, giving the company an added advantage in the EM security sector. The company’s growing gross profit margins are evident in its most recent quarterly report, in which SuperCom’s executive team noted a Q2 surge in gross profit (65.2%) for a new company record, with net income growth of 183% over the previous quarter and EBITDA improving by 182% during the first half of the year.
“Our strategic focus on cost optimization and capital management, combined with our innovative approach to technology deployment, has driven a significant turnaround in our bottom line,” Trabelsi stated (https://nnw.fm/weSNg ). “Particularly noteworthy is our successful displacement of long-time incumbents in the judicial sector, showcasing the superiority of our PureOne technology. … We are excited about the opportunities ahead and believe in our ability to maintain our momentum.”
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 https://nnw.fm/SPCB
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
- SuperCom Ltd., a secure solutions provider for the e-Government, IoT and Cybersecurity sectors, capitalizes on its proprietary technology suite and experienced 24/7 services to help government clients track and identify individuals under legal supervision
- The Israel-based company is focused on public safety through the monitoring of parolees and probation orders, domestic violence suspects and substance abuse rehabilitation patients
- SuperCom has reported a number of new contracts in the United States and Europe this year, helping the company to recognize record gross profit growth and a move into positive territory for its bottom line
- The offender-tracking industry provides value to society not only through security solutions, but also by reducing criminal recidivism and helping offenders to continue functioning as productive employees and family members
The growth and vitality of electronic monitoring (“EM”) technology innovator SuperCom (NASDAQ: SPCB) is reflected in the growing list of new contracts the company continues to secure, including a recently reported technology and service provision contract for an agency located near the nation’s capital.
The contract with the Baltimore-based client covers the deployment of SuperCom’s advanced GPS technology as well as its 24/7 monitoring center services. SuperCom is enhancing the service provider’s ability to legally track the movements of individuals under court-authorized supervision, such as parolees or domestic violence suspects.
“Our GPS technology and 24/7 monitoring center services are perfectly aligned to meet the needs of their clients and operations, providing robust and reliable solutions to support their mission,” SuperCom President and CEO Ordan Trabelsi stated in an Aug. 29 news release (https://nnw.fm/CuqmQ ). “This contract not only strengthens our footprint in the U.S. market but also reaffirms our commitment to delivering top-tier technology and services that empower our partners and clients to achieve their goals.”
Since the beginning of the year, SuperCom has announced millions of dollars in new orders from European clients on a recurring revenue basis, as well as new contracts with agencies in the United States. That includes a contract announced last month with multiple West Virginia sheriff agencies to leverage SuperCom’s PureOne technology suite for monitoring solutions in rural areas with limited cellular coverage (https://nnw.fm/Mqi8B ).
The contract in Maryland is estimated to generate an annual recurring revenue of about $250,000 for oversight and management of offenders in the criminal justice system.
SuperCom draws on the experience of employees with the nation’s defensive technologies, giving the company an added advantage in the EM security sector. The company’s growing gross profit margins are evident in its most recent quarterly report, in which SuperCom’s executive team noted a Q2 surge in gross profit (65.2%) for a new company record, with net income growth of 183% over the previous quarter and EBITDA improving by 182% during the first half of the year.
“Our strategic focus on cost optimization and capital management, combined with our innovative approach to technology deployment, has driven a significant turnaround in our bottom line,” Trabelsi stated (https://nnw.fm/weSNg ). “Particularly noteworthy is our successful displacement of long-time incumbents in the judicial sector, showcasing the superiority of our PureOne technology. … We are excited about the opportunities ahead and believe in our ability to maintain our momentum.”
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 https://nnw.fm/SPCB
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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