Contract Already in Effect; National Electronic Monitoring Program Estimated to Include Over 1,500 Offenders; Optional Extension of Up to 4 More Years TEL AVIV, Israel, Oct. 10, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that, together with its prime partner Electra, it has been awarded a 5-year contract by the Israel Prison Service state agency (IPS) to deploy its PureSecurity Electronic M ...

Win through a formal competitive government process signals to technology prowess TEL AVIV, Israel, Sept. 18, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that it has secured its first new contract in a county in New York State. This win, achieved through a competitive selection process, further strengthens SuperCom's strategic expansion across the US and marks another milestone in its ongoing ...

NEW YORK, Sept. 16, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced that it has received notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq's minimum bid price for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(a)(2) ("Min Bid Price Rule"), and this matter is now closed. On September 13, 2023, Nasdaq notified the Compa ...

TEL AVIV, Israel, Sept. 3, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that it has secured additional new orders valued at $2.6 million from European Governments. The orders are expected to be fulfilled within the next three months. "We are delighted to continue strengthening our collaboration with European governments," stated Ordan Trabelsi, President & CEO of SuperCom. "These repeat order ...

| --- | --- | |--------------------------------------------------------------------------------------------------------------------|-------------| | | Exhibit 1 | | | | | SUPERCOM LTD CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS as of June 30, 2024 (Unaudited) | | SUPERCOM LTD Page Interim Consolidated Balance Sheets 3 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS as of June 30, 2024 (Unaudited) IN U.S. DOLLARS INDEX | --- | |-------------------------------------------------------| | | | Interi ...

TEL AVIV, Israel, Aug. 29, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has successfully secured a new contract with a leading Baltimore-based service provider in Maryland. The contract, which was launched in June 2024, is estimated to generate an annual recurring revenue (ARR) of approximately $250,000. Through this new partnership, SuperCom has deployed its advanced GPS technology, along wi ...

TEL AVIV, Israel, Aug. 22, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has successfully secured new electronic monitoring contracts with multiple Sheriff agencies across West Virginia. These contracts leverage SuperCom's innovative PureOne suite, enhanced with both cellular and WiFi communication capabilities, to provide robust monitoring solutions in rural areas with limited cellular covera ...

Financial Data and Key Metrics Changes - SuperCom reported a record quarterly net income of $2.2 million, reflecting a 182% increase quarter-over-quarter and a $3.3 million year-over-year improvement [5][26] - Operating cash flows improved by $5.3 million year-over-year, reaching $2 million this quarter from a negative $3.3 million in Q2 of the previous year [23][27] - Gross margin improved by 20.4 percentage points to 49.6% year-over-year, with gross profit increasing by 65.2% to $3.7 million compared to $2.3 million [22][24] Business Line Data and Key Metrics Changes - EBITDA increased by 82% year-over-year to $1.6 million, reflecting the benefits of operating leverage associated with higher revenues [6][26] - The company has secured over 50 new multi-year government projects since 2018, indicating strong growth in its electronic monitoring solutions [8][11] Market Data and Key Metrics Changes - The electronic monitoring market is projected to reach $2.3 billion by 2028, with the U.S. and Europe constituting about 95% of these markets [9][15] - SuperCom has expanded its business into over 10 countries in Europe, securing significant new contracts through competitive tender processes [12][19] Company Strategy and Development Direction - SuperCom aims to revolutionize the public safety sector with proprietary electronic monitoring technology and advanced AI-driven analytics [7][8] - The company is focused on expanding its presence in the U.S. market, which is estimated to be 3x to 4x the size of the European market [15][16] Management's Comments on Operating Environment and Future Outlook - Management highlighted the growing demand for electronic monitoring solutions driven by high recidivism rates and the rising costs of incarceration [20][29] - The company is optimistic about its growth potential, particularly in the U.S. and European markets, and plans to continue investing in R&D and sales [21][29] Other Important Information - SuperCom's long-term debt includes approximately $29 million, with senior debt due at the end of 2025 and subordinate debt expected to be amended to 2028 or 2029 [33][34] - The company has made significant strides in reducing long-term liabilities by $4.5 million year-over-year [26] Q&A Session Summary Question: Plans for U.S. sales force expansion - Management indicated that they are gradually expanding the sales team in the U.S. to support growth, with plans to add more quota-carrying sales reps [31][32] Question: Long-term debt details - The senior debt from Fortress is approximately $18 million, due at the end of 2025, with potential amendments to the subordinate debt [34][35] Question: Operating cash flow expectations for 2024 - Management expressed optimism about generating positive operating cash flow for the full year 2024, citing strong trends in recent quarters [36][37] Question: Revenue trajectory for the second half of the year - Management refrained from providing specific guidance but noted a positive trend and a strong pipeline for the second half of the year [38][39] Question: Time for new sales personnel to become productive - Typically, new sales personnel may take six to nine months to become productive, but experienced hires can make an impact within a few months [40][41]

Revenue of $7.5 million; Record Net Income of $2.2 million; Positive Operating Cash Flow of $2 million TEL AVIV, Israel, Aug. 15, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the three months ended June 30, 2024. Second Quarter Ended June 30, 2024, Financial Highlights (Compared to the Second Quarter of 2023) Revenue was $7.5 million compared to $7.7 million. Gross Profit surged by 65.2% ...

Company Overview - SuperCom is a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, established in 1988 [4] - The company specializes in traditional and digital identity solutions, offering advanced safety, identification, and security solutions to both public and private organizations worldwide [4] Upcoming Financial Results - SuperCom will hold a conference call on August 15, 2024, at 10 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024 [1] - Financial results will be released in a press release prior to the conference call [1] Conference Call Details - The conference call will include a question-and-answer period following the management's presentation [3] - Dial-in information for the conference call includes a U.S. toll-free number (888-506-0062), an Israel toll-free number (1-809-423-853), and an international number (973-528-0011) [2]