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Stock impact report

SuperCom Ltd (SPCB) Q3 2024 Earnings Call Highlights: Strategic Wins and Revenue Surge Amid ... [Yahoo! Finance]

SuperCom, Ltd. - Ordinary Shares (SPCB) 
Last supercom, ltd. - ordinary shares earnings: 8/14 09:15 am Check Earnings Report
US:NASDAQ Investor Relations: supercom.com/investors
Company Research Source: Yahoo! Finance
SuperCom Ltd ( NASDAQ:SPCB ) reported a significant increase in revenue to $21.3 million for the first nine months of 2024, showcasing successful execution of strategic initiatives. The company achieved a dramatic improvement in gross profit margin to 50.1% from 30.7% in the prior year period. SuperCom Ltd ( NASDAQ:SPCB ) secured a prestigious contract for the National Israeli Electronic Monitoring Project, enhancing its leadership position. The company expanded its footprint in the US market by entering new regions such as New York, West Virginia, and Maryland. SuperCom Ltd ( NASDAQ:SPCB ) reported positive free cash flow of $1.2 million, a significant improvement from a negative number in the previous year. The company's quarterly gross profit margin decreased to 46% from 59% in the same quarter last year, primarily due to project mix and timing. SuperCom Ltd ( NASDAQ:SPCB ) faces macroeconomic uncertainties and ongoing global challenges, including those in Israel. Th Show less Read more
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