Overview
SuperCom Q3 revenue beats analyst expectations, despite a year-over-year decline
Company secured over 30 new EM contracts in the U.S. since mid-2024
Outlook
SuperCom did not provide specific financial guidance for future quarters or the full year
Result Drivers
GROSS MARGIN EXPANSION - Co achieved higher gross margins, expanding to 60.8% from 45.6%, contributing to improved profitability
NEW CONTRACTS - SuperCom secured over 30 new electronic monitoring contracts in the U.S., boosting market presence and revenue
DISPLACING INCUMBENTS - Co's ability to replace legacy vendors in new markets, including Germany, contributed to growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$6.22 mln
$5.76 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.39
-$0.12 (2 Analysts)
Q3 Net Income
$691,000
Q3 EBIT
$639,000
Q3 EBITDA
$2.20 mln
Q3 Gross Profit
$3.78 mln
Q3 Operating Expenses
$3.14 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Supercom Ltd is $15.00, about 33% above its November 12 closing price of $10.05
Press Release: ID:nPnbDBxjKa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)