SuperCom Reports $1.6 EPS, $3.1 Non-GAAP EPS, and Positive Free Cash Flows for the First Nine Months of 2024
SuperCom, Ltd. - Ordinary Shares (SPCB)
Last supercom, ltd. - ordinary shares earnings: 8/14 09:15 am
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Source: PR Newswire
Q3 2024: Revenue $6.9 million; Free Cash Flows of $1.2 million; EBITDA $1.1 million TEL AVIV, Israel, Nov. 14, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported financial and operating results for the three and nine months ended September 30, 2024. First Nine Months Ended September 30, 2024, Financial Highlights (Compared to First Nine months of 2023)Revenue increased to $21.3 million from $20.9 million.Gross profit increased to $10.7 million from $7.9 million.Gross Profit margin increased to 50.1% from 37.7%.Operating Income improved to $1.13 million compared to Operating Loss of ($0.91) million.Net Income improved to $2.52 million from Net Loss of ($2.48) million.Non-GAAP Operating Income improved to $3.91 million compared to $3.0 million.Non-GAAP Net Income improved to $4.88 million compared to $1.68 million.EBITDA improved to $4.6 million compared to $3.7 million.Cash increase
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- SuperCom Ltd. (NASDAQ: SPCB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- SuperCom Ltd. (NASDAQ: SPCB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- SuperCom Ltd (SPCB) Q3 2024 Earnings Call Highlights: Strategic Wins and Revenue Surge Amid ... [Yahoo! Finance]Yahoo! Finance
- SuperCom Reports $1.6 EPS, $3.1 Non-GAAP EPS, and Positive Free Cash Flows for the First Nine Months of 2024 [Yahoo! Finance]Yahoo! Finance
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