Latest news with #OrdanTrabelsi
Yahoo
5 days ago
- Business
- Yahoo
SuperCom Awarded North Carolina Sheriff's Association Technology Procurement Contract
Competitive statewide RFP win provides a platform for efficient expansion within the state TEL AVIV, Israel, June 4, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has been awarded a statewide technology procurement contract by the North Carolina Sheriff's Association, emerging as the only new electronic monitoring technology provider selected through this competitive RFP. This contract serves as a procurement vehicle to allow all counties in North Carolina to contract directly with SuperCom on preset terms, most of the time without an additional RFP process. This strategic win is another testament to the Company's rapid expansion across the North American public safety market. The North Carolina Sheriff's Association runs these competitive processes to identify high-quality providers and facilitate efficient purchasing for law enforcement and public safety agencies both within North Carolina and across the United States. SuperCom met stringent requirements, including an assessment of financial stability and direct positive feedback in regards to quality and satisfaction from five active U.S. SuperCom customers. Multiple solutions from SuperCom's Pure Security suite were approved for procurement under the contract, including PureOne – SuperCom's one-piece GPS solution; PureTrack – its two-piece GPS solution with smartphone; and PureShield – its Domestic Violence solution. The Company plans to attend a large conference this summer of the North Carolina Sheriff's Association, where it will present its technology to many counties across the state. Counties that will procure SuperCom's solutions through this contract will follow a recurring revenue model, billed monthly by daily unit count. "We are pleased with this new milestone as part of our expansion across the U.S. Winning in this competitive RFP, governed by an esteemed state-level association, signals clear progress in our business plan as we expand our presence as a valuable provider of electronic monitoring technology. Beyond the quality of our technology and services, we were happy to see that formal analysis of our financial stability and direct references from our active U.S. customers led the North Carolina Sheriff's Association to award us this contract," commented Ordan Trabelsi, President and CEO of SuperCom. "We are continuously exploring new avenues to accelerate our U.S. expansion, and this award opens the door to a potentially impactful one," Trabelsi added. "Procurement vehicles like this—whether statewide, regional, or national—enable faster sales cycles and broader access to counties across the U.S. Given that state-level organizations often share similar requirements, this strengthens our confidence in our expansion trajectory across the U.S." 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, worldwide. 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, and domestic violence prevention. For more information, please visit SuperCom's website: Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical or current facts. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the statements made. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the levels of consumer, business and economic confidence generally, the adverse effects of these risks on our business or the market price of our ordinary shares, and other risks and uncertainties described in the forward looking statements and in the section captioned "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 28, 2025, our reports on Form 6-K filed from time to time with the SEC and our other filings with the SEC. Except as required by law, we do not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, after the date of this press release. SuperCom Investor Relations:ir@ Logo - View original content: SOURCE SuperCom
Yahoo
12-05-2025
- Business
- Yahoo
SuperCom to Present at Sidoti Virtual Investor Conference
TEL AVIV, Israel, May 12, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced that President and CEO Ordan Trabelsi will present a corporate overview and host one-on-one meetings with investors at the Sidoti Virtual Investor Conference, taking place on May 21-22, 2025. The presentation will begin at 10:45 AM ET on May 21 and can be accessed live here. SuperCom will also host virtual one-on-ones with investors on Wednesday and Thursday, May 21 and 22, 2025. Investors who would like to register for the presentation or one-on-ones, please register at the following link Registration is free, and you don't need to be a Sidoti client. The presentation will also be posted on SuperCom's website 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, worldwide. 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, and domestic violence prevention. For more information, please visit SuperCom's website, SuperCom Investor Relations: ir@ Logo - View original content: SOURCE SuperCom Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
SuperCom Signs New Contract with Canadian Electronic Monitoring Service Provider, Advancing North American Expansion
Experienced partner to launch rollout of up to hundreds of GPS monitoring units from SuperCom's PureSecurity Suite TEL AVIV, Israel, May 8, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and cybersecurity sectors, today announced that it has signed a new contract with a seasoned electronic monitoring service provider based in Canada. This agreement marks another milestone in SuperCom's North American expansion and reinforces its growing global presence in the electronic monitoring (EM) market. With over 25 years of experience in the EM industry, the Canadian service provider manages GPS monitoring programs across a wide network of justice and public safety clients. Under this new partnership, SuperCom's PureSecurity™ Suite will be gradually introduced into the provider's operations, with the potential to replace hundreds of GPS units currently in use with SuperCom's advanced GPS tracking technologies, including PureTrack™ and PureOne™. "This collaboration represents an exciting step in our North American growth strategy," commented Ordan Trabelsi, President and CEO of SuperCom. "We are proud to partner with a highly experienced Canadian provider that is deeply integrated into the local electronic monitoring ecosystem. Their interest in our technology reflects the increasing demand for SuperCom's modern, scalable, results-driven solutions." "Since mid-2024, we've secured over 20 new electronic monitoring contracts in the U.S. and expanded into 8 new states, including Arizona, Kentucky, and Utah. This Canadian partnership marks our fourth regional service provider collaboration in the past year—joining other regional service provider collaborations spanning from the West Coast to the East Coast USA," Trabelsi added. "Earlier this year, alongside our U.S. performance, we've also expanded internationally, with recent government wins across Europe and the EMEA region, including winning our seventh national domestic violence project. These milestones underscore the global demand for our technology and our ability to deliver effective public safety solutions across borders." 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, worldwide. 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, and domestic violence prevention. For more information, please visit SuperCom's website: Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical or current facts. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the statements made. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the levels of consumer, business and economic confidence generally, the adverse effects of these risks on our business or the market price of our ordinary shares, and other risks and uncertainties described in the forward looking statements and in the section captioned "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 28, 2025, our reports on Form 6-K filed from time to time with the SEC and our other filings with the SEC. Except as required by law, we not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release. SuperCom Investor Relations: ir@ Logo - View original content: SOURCE SuperCom Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
SuperCom Ltd (SPCB) Q4 2024 Earnings Call Highlights: Record Revenue and Strategic Expansion
Revenue: $27.6 million for 2024, a record over the past seven years and a 134% increase from 2020. Gross Profit: $13.4 million, a 31% increase year over year. Gross Margin: Expanded to 48.4%, up nearly 10 percentage points from 2023. Net Income: Positive GAAP net income of $661,000 compared to a $4 million net loss in 2023. EBITDA: $6.3 million, up 31% year over year. Operating Cash Flow: Reduced to $1.3 million in 2024 from $2.4 million in 2023, marking an 85% reduction over three years. Quarterly Revenue (Q4 2024): $6.33 million, up from $5.7 million in the prior year period. Quarterly Gross Profit (Q4 2024): $2.7 million, with margins improving to 42.7%. Quarterly EBITDA (Q4 2024): $1.6 million, up from $1.09 million in Q4 2023. Debt Reduction: Total outstanding debt reduced by 32% from over $34 million to approximately $23 million. Warning! GuruFocus has detected 3 Warning Signs with SPCB. Release Date: April 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SuperCom Ltd (NASDAQ:SPCB) achieved a record revenue of $27.6 million in 2024, marking a 134% increase from 2020. The company reported a positive GAAP net income of $661,000, a significant turnaround from a $4 million net loss in 2023. EBITDA rose to $6.3 million, marking the 10th consecutive quarter of positive EBITDA. SuperCom Ltd (NASDAQ:SPCB) secured several important contracts in the US and Europe, expanding its footprint significantly. The company has successfully reduced its operating cash use by 85% over three years, reflecting strong execution across projects. Despite positive net income, SuperCom Ltd (NASDAQ:SPCB) reported a GAAP net loss of $1.86 million for Q4 2024. The company faces macroeconomic uncertainties and global challenges, including geopolitical conflicts and supply chain disruptions. There is potential volatility in gross margins due to the nature of multi-region projects and their varying scales. SuperCom Ltd (NASDAQ:SPCB) has a significant focus on the US market, which remains largely untapped and presents challenges in expansion. The company is still dependent on strategic acquisitions to consolidate its presence in the US market, which may pose integration risks. Q: It seems like SuperCom has maintained a gross margin above 40% for six consecutive quarters. Is 40% now considered the floor, or is there potential for more volatility in the gross margin line? A: Ordan Trabelsi, President and CEO, explained that while margins have been strong due to scaling and project efficiencies, there is still potential for volatility. However, as the company continues to expand in the US and other markets, they expect margins to improve over time with larger unit numbers per customer and region. Q: What are the next steps for SuperCom in the US market, and how do you plan to accelerate growth there? A: Ordan Trabelsi highlighted that SuperCom has already secured over 20 new contracts in the US since mid-2024. The company plans to continue expanding through partnerships and increasing the size of projects. They are also focusing on building a sales team to actively pursue new opportunities and larger contracts. Q: Is there an opportunity to consolidate some of the partners in the US market, and what are the barriers to executing such deals? A: Ordan Trabelsi noted that acquiring local partners could be beneficial, as seen with their successful acquisition in California in 2016. While they are open to such opportunities, they are focused on strengthening their balance sheet and ensuring any acquisition is a good strategic fit. Q: How is SuperCom addressing the recent tariff situation in the US, particularly concerning supply chain and product mix? A: Ordan Trabelsi stated that SuperCom's manufacturing is currently based in Israel, but they have the capability to produce in other regions if necessary. They are monitoring the tariff situation and have strategies in place to adapt as needed. Additionally, a significant portion of their revenue comes from software services, which helps mitigate tariff impacts. Q: What is the likelihood of SuperCom closing deals in the next 18 months, and how does the company's financial position affect this? A: Ordan Trabelsi mentioned that with a stronger balance sheet and reduced debt, SuperCom is in a better position to pursue larger projects and potential acquisitions. The company is focused on organic growth and strategic opportunities that align with their business model. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
SuperCom Secures over 200% growth in PureTrack GPS Monitoring units in Large Nationwide European EM Project
The growth rate in unit count surpassed 200% by January 2025 and expected to surpass 400% by end of 2025 TEL AVIV, Israel, Feb. 6, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that Company has received new orders from a European government customer which locked in over 200% growth in PureTrack GPS units in the 12 month period ending January 2025 and is expected to surpass 400% growth by end of 2025. These orders are part of an expansion of a large ongoing Nationwide European electronic monitoring (EM) project that SuperCom has been implementing. While the project entails multiple offerings from SuperCom's PureSecurity suite, the PureTrack GPS tracking of offenders portion, allowing for continuous monitoring even as offenders are permitted to leave their homes from time to time, has received a sharp increase in demand and growth. These unit numbers were not expected at the onset of the project and grew as the program evolved. "We are excited to see rapid unit growth within this valuable nationwide European EM project. When numbers grow beyond what is originally expected, we see it as a clear signal to the effectiveness of our technology solutions and complimentary services," commented Ordan Trabelsi, President and CEO of SuperCom. "As we continue expanding our customer base in the U.S., we remain deeply committed to serving our existing customers with excellence—including key partners like this European government client. Together, we are fostering long-term relationships and expanding our impact in the global public safety market." SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life. About SuperComSince 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, worldwide. 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, and domestic violence prevention. For more information, please visit SuperCom's website: Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical or current facts. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the statements made. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the levels of consumer, business and economic confidence generally, the adverse effects of these risks on our business or the market price of our ordinary shares, and other risks and uncertainties described in the forward looking statements and in the section captioned "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 22, 2024, our reports on Form 6-K filed from time to time with the SEC and our other filings with the SEC. Except as required by law, we not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release. SuperCom Investor Relations:ir@ Logo - View original content: SOURCE SuperCom Sign in to access your portfolio
