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TEL AVIV - SuperCom (NASDAQ:SPCB), a global provider of secure solutions for e-Government, IoT, and cybersecurity, has announced a new contract in Nebraska for its electronic monitoring (EM) technology, marking its expansion into a 10th U.S. state since mid-2024. The company, currently valued at $35.65 million, has shown remarkable momentum with a 149.71% price return over the past six months, according to InvestingPro data. This deal with a Nebraska-based service provider, which will see the provider transition its GPS programs to SuperCom’s PureSecurity platform, underscores the company’s rapid growth in the North American public safety market.
The contract follows a recurring revenue model, with billing based on the number of daily units. SuperCom’s President and CEO, Ordan Trabelsi, remarked on the significance of this expansion, noting the company’s third new state entry in less than a month and attributing the momentum to increasing demand for their proven technology and rapid deployment capabilities.
Trabelsi also highlighted SuperCom’s strong financial performance, with record Q1 2025 results showing $4.2 million in net income and earnings per share of $1.20. The company’s growth in the U.S. is complemented by global successes, including domestic violence programs and over 15 national projects. InvestingPro analysis shows the company maintains robust liquidity with a current ratio of 9.69, while analysts have set price targets ranging from $10 to $18. For deeper insights into SuperCom’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
SuperCom, established in 1988, has been providing a range of safety, identification, and security solutions to public and private organizations worldwide. The company’s suite of products and services includes RFID & mobile technology for industries such as healthcare, law enforcement, and community public safety.
The information in this article is based on a press release statement from SuperCom. The company cautions that forward-looking statements in the press release are subject to risks and uncertainties that could cause actual results to differ materially from those projected. According to InvestingPro, the company appears slightly undervalued based on its Fair Value analysis, with multiple analysts revising earnings expectations upward for the upcoming period. SuperCom does not undertake any obligation to update or revise these forward-looking statements after the date of the press release, except as required by law.
In other recent news, SuperCom reported its fourth-quarter financial results, which included a revenue of $6.33 million. This figure, while representing an 11.6% increase year-over-year, fell short of analyst expectations of $6.5 million. However, the company delivered a positive surprise in earnings, with adjusted earnings per share of $0.66, surpassing the anticipated -$0.40. For the full year 2024, SuperCom achieved record revenues of $27.6 million, marking a 4% rise from the previous year, and reported its first full year of GAAP profitability since 2015, with a net income of $661,000. Despite these achievements, the revenue miss in the fourth quarter has raised concerns among investors regarding the company’s growth trajectory. SuperCom also made notable strides in expanding its market presence, securing over 20 new electronic monitoring contracts in the U.S. and entering seven new states. Additionally, the company bolstered its position in Europe by launching new national domestic violence monitoring programs. These developments reflect SuperCom’s ongoing strategic efforts to enhance its market footprint.
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