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SPCB — Supercom News Story

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Israeli identity and security solutions firm SuperCom's Q3 revenue beats expectations

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

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$6.22 mln$5.76 mln (2 Analysts)
Q3 Adjusted EPSBeat$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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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