Supercom Ltd

NASDAQ:SPCBUnited States

NASDAQ FSI:D. Deficient (Issuer failed to meet continued listing requirements)

Apr 22, 2024

Show headlines and story abstract

• -- Earnings Flash (SPCB) SUPERCOM Reports Q4 Revenue $5.7M, from 7:41AM ET on Monday Apr 22, 2024 by MT Newswires

  7:41AM ET on Monday Apr 22, 2024 by MT Newswires
  Companies Mentioned: SPCB
  07:41 AM EDT, 04/22/2024 (MT Newswires) -- ...

• 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, from 7:39AM ET on Monday Apr 22, 2024 by PR Newswire

  7:39AM ET on Monday Apr 22, 2024 by PR Newswire
  Companies Mentioned: SPCB

  FY 2023: 5-year-record Revenues $26.6 million; EBITDA Growth of 2350% Q4 2023: Revenues $5.7 million; EBITDA $1.1 million; Non-GAAP EPS of $0.15

  SuperCom (NASDAQ: SPCB),a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the twelve months and fourth quarter, ended December 31, 2023.

• 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, from 7:39AM ET on Monday Apr 22, 2024 by Dow Jones

  7:39AM ET on Monday Apr 22, 2024 by Dow Jones
  Companies Mentioned: SPCB
  Income tax expense - (299) One-time reorganization expenses 1,967 180 Allowance for doubtful debt in legacy business 1,457 1,000 --------- -------- Non-GAAP net Profit (Loss) 3,186 (2,254) --------- -------- Non-GAAP E.P.S 0.47 (0.61) --------- -------- Net loss for the period (4,022) (7,457) Income tax expense - (299) Financial expenses (income), net 663 1,751 Depreciation and Amortization 3,104 2,660 One-time inventory write-off 180 138 Stock-based compensation expenses 243 138 Foreign Currency Loss 1,247 2,086 Allowance for doubtful debt in legacy business 1,457 1,000 One-time reorganization expenses 1,967 180 --------- -------- EBITDA * 4,839 197 ----------------------------------------------------- --------- -------- * EBITDA is a non-GAAP financial measure generally defined as earnings before interest, taxes, depreciation and amortization and other non-cash or one-time expenses. SUPERCOM LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands) ----------------------------------------------------------- Three months ended December 31, December 31, 2023 2022 ------------ ------------ Unaudited Unaudited REVENUES 5,668 5,122 COST OF REVENUES (3,320) (3,481) ------------ ------------ GROSS PROFIT 2,348 1,641 ------------ ------------ OPERATING EXPENSES: Research and development 651 662 Selling and marketing 541 542 General and administrative 1,993 1,328 Other expense, net 1,614 1,138 ------------ ------------ Total operating expenses 4,799 3,670 ------------ ------------ OPERATING LOSS (2,451) (2,029) FINANCIAL EXPENSES, NET 896 1,627 ------------ ------------ LOSS BEFORE INCOME TAX (1,555) (402) INCOME TAX EXPENSE - 299 ------------ ------------ NET LOSS FOR THE PERIOD (1,555) (103) ------------ ------------ SUPERCOM LTD. -------------------------------------------------------------------- Reconciliation Table of GAAP to Non-GAAP Figures and EBITDA to net Income -------------------------------------------------------------------- (U.S. dollars in thousands) Three months ended December 31, ----------------------------- 2023 2022 ------------------ --------- Unaudited Unaudited ------------------ --------- GAAP gross profit 2,348 1,641 Amortization of intangible assets 89 89 One-time inventory write-off 180 138 Stock-based compensation expenses 13 17 ------------------ --------- Non-GAAP gross profit 2,630 1,885 ------------------ --------- GAAP Operating Loss (2,451) (2,029) Amortization of intangible assets 685 549 Stock-based compensation expenses 243 138 One-time inventory write-off 180 138 Foreign Currency Loss 238 607 One-time reorganization expenses 451 180 Allowance for doubtful debt in legacy business 1,457 1,000 ------------------ --------- Non-GAAP operating profit 803 583 ------------------ --------- GAAP net Loss (1,555) (103) Amortization of intangible assets 685 549 Stock-based compensation expenses 243 138 One-time inventory write-off 180 138 Foreign Currency Loss 238 607 Income tax expense - (299) One-time reorganization expenses 451 180 Allowance for doubtful debt 1,457 1,000 ------------------ --------- Non-GAAP net Profit 1,699 2,210 ------------------ --------- Non-GAAP E.P.S 0.15 0.53 ------------------ --------- Net loss for the period (1,555) (103) Income tax expense - (299) Financial expenses (income), net (896) (1,627) Depreciation and Amortization 975 732 One-time inventory write-off 180 138 Stock-based compensation expenses 243 138 Foreign Currency Loss 238 607 Allowance for doubtful debt in legacy business 1,457 1,000 One-time reorganization expenses 451 180 ------------------ --------- EBITDA * 1,093 766 ------------------ --------- * EBITDA is a non-GAAP financial measure generally defined as earnings before interest, taxes, depreciation and amortization and other non-cash or one-time expenses
  

• Press Release: 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, from 7:39AM ET on Monday Apr 22, 2024 by Dow Jones

  7:39AM ET on Monday Apr 22, 2024 by Dow Jones
  Companies Mentioned: SPCB