$SuperCom (SPCB.US)$ NEWS SuperCom Reports 51% Annual Revenu...
NEWS
SuperCom Reports 51% Annual Revenue Growth, Non-GAAP EPS of $0.47 and 5-Year-Record EBITDA of $4.8 million for Full Year 2023
Annual revenue increased by 51% to $26.6 million, with revenue from European countries growing by 85% and IoT segment revenue increasing by 52%
Gross profit increased by 60% to $10.2 million
Net loss improved to ($4.0) million from a ($7.5) million net loss
Non-GAAP net profit in 2023 improved to $3.2 million compared to a ($2.3) million net loss
EBITDA surged by 2350% to $4.8 million
SuperCom secured multiple new projects and contracts in California, Canada, Romania, and Finland, with values ranging from $2.0 million to $4.25 million
Technological advancements include the launch of PureProtect for domestic violence monitoring and PureOne for the North American market, with plans for advanced AI integration into the PureSecurity platform
Gross profit increased by 60% to $10.2 million
Net loss improved to ($4.0) million from a ($7.5) million net loss
Non-GAAP net profit in 2023 improved to $3.2 million compared to a ($2.3) million net loss
EBITDA surged by 2350% to $4.8 million
SuperCom secured multiple new projects and contracts in California, Canada, Romania, and Finland, with values ranging from $2.0 million to $4.25 million
Technological advancements include the launch of PureProtect for domestic violence monitoring and PureOne for the North American market, with plans for advanced AI integration into the PureSecurity platform
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