SuperCom Reports Financial Results for the First Quarter of 2019 With $1.7 Million in EBITDA, 29% EBITDA Margin, and Non-GAAP EPS $0.06
SuperCom, Ltd. - Ordinary Shares (SPCB)
Last supercom, ltd. - ordinary shares earnings: 8/14 09:15 am
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Source: PR Newswire
TEL AVIV, Israel, June 10, 2019 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IOT, and Cybersecurity sectors reported income statement financial results for the first quarter of 2019.First Quarter 2019 Financial Highlights (Compared to the First Quarter of 2018)EBITDA increased by 41% to $1.7 million compared to $1.2 million. EBITDA Margin increased to 29% compared to 17%. Operating Income increased to a profit of $130 thousand from an operating loss of ($550 thousand). Non-GAAP Gross Margin remains at roughly 58%. Non-GAAP operating expenses improved by 39% to $2 million from $3.3 million. Non-GAAP operating Income increased to $1.3 million from $0.9 million. Non-GAAP Net Profit decreased to $.9 million or $0.06 per share from $1 million or $0.07 per share. Total Revenue decreased to $5.7 million from $7 million. IOT products sub-segment revenue increased by over 55%. IOT segment revenue, increased by over 30%. e-Gov segment reve
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