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$SuperCom (SPCB.US)$ 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
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