Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SuperCom Launches Major Electronic Monitoring Project in Sweden
$7 million Contract to Support Growth in 2019
HERZLIYA, Israel, Jan. 23, 2019 /PRNewswire/ --SuperCom Ltd. (NASDAQ: SPCB), a global provider of Secure-Identity, IoT, Connectivity, and Cyber Security solutions for the global Public and Private sectors , announced today that Company has secured a contract for a USD $7 million project with the national government of Sweden to deploy its PureSecurity Electronic Monitoring (EM) Suite. This project was formally awarded in April 2018 through a formal bid process and the contract execution has just been completed allowing for project launch.
This nationwide program will cover all prison and probation EM offender programs within Sweden. It will include approximately 1,000 simultaneous enrollees and four prison facilities during the first phase of the contract, with an option for expansion to additional facilities. The total duration of the contract is up to 8 years. The initial deployment will include the following PureSecurity offerings: home detention, GPS tracking of offenders, alcohol monitoring and inmate monitoring. SuperCom expects to deploy the initial order and start generating recurring revenues in the coming months.
"We are excited to begin work on this major contract award," commented company President and CEO Arie Trabelsi. "As a reminder, we competed against other companies including the incumbent EM vendor for Sweden for this award a. Our PureSecurity Electronic Monitoring technology was chosen based on our market-leading platform and on our successful deployments of this solution date in nine other countries around the globe. We look to this and other upcoming EM awards as key validations of our proprietary EM technology, and we look for additional wins in the future."
Sweden has been a pioneer in EM for public safety programs in Europe for 25 years. Sweden launched its initial probation program in 1994 and the first inmate monitoring program a decade later in 2004. However, this is the first deployment to fully integrate traditional EM with inmate monitoring, providing authorities continuous tracking of offenders while they are in prison and while they are outside holding facilities during short-term release periods.
SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life.
About SuperCom
Since 1988, SuperCom has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers advanced, secure mobile payments ranging from mobile wallet to mobile POS, using a set of components and platforms to enable secure mobile payments and financial services. SuperCom is a global provider of a superior all-in-one field-proven RFID & mobile PureSecurity advanced solutions suite, accompanied by advanced complementary services for various industries, including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.
SuperCom's website: http://www.supercom.com
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Among the factors that could cause actual results, performance or achievements to differ materially from those discussed in this press release are those detailed from time-to-time in prior press releases and in the company's filings with the Securities and Exchange Commission, including the company's annual report on Form 20-F and reports on Form 6-K, The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
SuperCom Corporate Contact:
Ordan Trabelsi, President
Tel: 1-212-675-4606
ordan@supercom.com
https://c212.net/c/img/favicon.png?sn=LN31928&sd=2019-01-23 View original content:http://www.prnewswire.com/news-releases/supercom-launches-major-electronic-monitoring-project-in-sweden-300782812.html
SOURCE SuperCom Ltd
CEO is set to buy up to 1 mil shares.
$SPCB wow running after hours!!! Nice play!!
* * $SPCB Video Chart 10-30-17 * *
Link to Video - click here to watch the technical chart video
hit 4.29!!
SPCB
hit 4.29!!
SPCB
SPCB reports EPS of $0.04 which is same as $0.04 estimate
Revenues of $9.6 million compared to estimate of $9.4 million
for the 3rd quarter ending Sept 30, 2017
https://finance.yahoo.com/news/supercom-reports-record-revenue-89-123000968.html
Thanks bunches for the info.
Because most everyone took a bath on it.
Hello Sir,
I was looking for spcl and found this one on a fluke. I noticed there were no posts on the boars since summer of last year.
Any particular reason for this?
Money 20/20 Birds-of-a-Feather Flock Together?
10-24 to 10-26 SPCB and PYDS attended the Money 20/20 expo.
Together, 3rd party back-office operations that consolidate, can bargain.... divided they beg!
Accretive consolidations are in play. It hasn't been mentioned, but PYDS & SPCB have some E2E networking endeavors in common.
Insiders own the majority of SPCB and PYDS shares. [IF] SPCB and PYDS back-office operations catch the eye of individual retail investors, the 7M shares of SPCB and 12.7M shares of PYDS will be gobbled-up.... like a Turkey going through the corn.
SD: On an individual retail investing basis, I own shares in 21st Century networking E2E server-to-server data solutions, still in the early stage of development and deployment.
asp (application service provider) for 2001 & beyond!
SuperCom Finally Reports Its Fourth Quarter And Full Year 2015 Results - Can It Get Any Worse ?
Apr. 12, 2016 9:19 AM ET| About: SuperCom, Ltd. (SPCB), Includes: OTIV
Henrik Alex Henrik Alex?Follow(757 followers)
Summary
Q4 revenues and earnings again came in well below guidance and analyst expectations.
Management refrained from giving guidance for FY2016.
Cash balance down by more than 25% quarter over quarter and is going to decline further.
Investors should continue to avoid the shares.
As predicted SuperCom (NASDAQ:SPCB) finally closed out a highly disappointing fiscal year 2015 with an equally disappointing last quarter, with revenues and earnings per share again falling well short of the company's guidance as well as analysts' and investor expectations.
This latest miss is particularly embarrassing given the company's then acting CFO's statements on the Q3 conference call after being hard pressed by analysts about his confidence in SuperCom achieving its (already substantially lowered) Q4 and full year guidance:
That's okay that we are a month before the end of the quarter and the numbers that we just mentioned we believe that we have all the full confidence to recognize in full and everything else is just going to be an upside too.
After an uninterrupted series of painfully wrong predictions over the last two years, management at least this time refrained from giving any guidance for FY2016. In fact they even declined to comment on the already closed Q1, so investors seemingly have to prepare for just another ugly quarter.
Looking at today's conference call transcript, the only positive thing that came to my mind was the obvious silencing of the company's CEO, Ari Trabelsie. Clearly this was a good move not only because of his strong accent, but also because of his frequent unsound or even outright false statements on previous occasions that recently found their inglorious culmination on the Q3 conference call when he had to be called off by the then acting CFO in order to prevent him from giving out just another set of wrong numbers.
Unfortunately, despite the prevailing abstinence of the CEO, the Q4 conference call transcript again is somewhat confusing due to a large number of obvious transcription mistakes.
Anyway, there are still plenty of red flags with regards to the company's business in the transcript so let's get into the details here:
Weak commodity prices have allegedly impacted a number of regions where the company is actively bidding on or even awaiting to deploy already awarded contracts.
Competitors are supposedly challenging contracts that were already more or less awarded to the company causing distractions to the company's efforts to secure new business.
As predicted the acquisition of LCA will (at least initially) dilute the company's margins but management expects them to improve "through a process similar to our management team has undertaken with SuperCom and OTI in the past years (...), including synergies with SuperCom and the opportunity to utilize SuperCom's proprietary electronic monitoring solution in place of those coming from third party vendors." Given the ongoing decrease in the company's gross margins since the acquisition of the former OTI (NASDAQ:OTIV) Smart-ID division in late 2013, investors most likely won't find much comfort in this statement.
The recent acquisition of Safend will require SuperCom to provide up to $1.5 mln initial working capital support and most likely further cash injections might be required over time given that just 50% of Safend's $5 mln annual revenues averaged over the last few years are considered to be somewhat recurrent in nature while the other half is now facing a potential major sales distraction due to the required channel transition.
Gross margins on a full year basis were down to 62% compared to 77% in 2014 with the trend essentially worsening throughout the year. Going forward the company expects its gross margins to be between 60-70%, which I would again view as quite a stretch given that the ultra-low margin LCA acquisition alone might make up for up to 25% of the company's FY2016 revenues.
The company's cash position was down by more than 25% quarter over quarter (from $30 mln to $22.2 mln) mainly due to the company's recent share buyback initiatives and some additional working capital investments. Investors should expect the company's cash position to decline further going forward given the required payments in conjunction with the acquisitions of LCA and Safend as well as the company's ongoing share buyback activities during Q1.
After being pressed by analysts on the large decrease in the company's cash position, management on the call admitted to the spending of $1.5 mln on broker commissions to buy back just $5 mln in common stock calculating to an almost unbelievable 30% commission fee. I would strongly advice the company's auditors to take a closer look at this ominous buyback.
Despite several questions on the call, management refused to provide any comment on the already finished Q1/2016 so investors should prepare themselves for just another ugly quarter. Depending on the exact closure date of the LCA acquisition the current Q1 analyst consensus of almost $10 mln in revenues might again prove too high, but from a percentage perspective a potential revenue miss will clearly be the lesser disappointment compared to the imminent large earnings per share miss. With Q1 analysts' consensus currently at a whopping $0.15 and some expected contributions from the low margin LCA and the loss-making Safend acquisition, I would actually expect Q1 to come in closer to break-even.
The company's trade receivables continued to move up during Q4, a trend witnessed for a couple of quarters now despite the company's ongoing failure to generate revenue growth. The company also recorded bad debt expense of $0.6 mln during the quarter which unfortunately wasn't discussed in detail. Management downplayed the issue on the call by pointing to successful collections during Q1 and the general expectation for the receivables number to come down over the course of the year. Management also stated, that they don't see a higher risk profile in their receivables currently (sounds somewhat strange given the material bad debt expense incurred at year end).
After being pressured by fellow contributor Marcel Herbst management admitted to not only longer purchase decision cycles currently witnessed particularly in developing countries but also to some delays recently experienced in the approval of milestone payments. Management is trying to mitigate the issue by securing additional business in more stable countries like the US and Europe.
During the Q3 conference call management tried to explain the large miss with an alleged $10 mln contract that did not close as anticipated at that time. Obviously this ominous "contract" still hasn't been signed yet - if it ever existed in any form at all.
On the Q3 call, the company guided for $20 mln in recurring revenues from their "steady state" business in 2016, a whopping 33% increase from the $15 mln number recorded for 2015. Given that the growth rate over 2014 was at just 25%, this projection already looked quite ambitious at that time. Not surprisingly management took a step back on today's call and now just expects the number to "grow" over 2015.
The company refused to discuss the reason for the earnings delay experienced last week other than stating that there was no financial impact on the 2015 finances. Management pointed to an upcoming separate press release on the issue, so this remains up to anyone's guess at this time. If recent history serves as a lesson, investors should not expect any positive developments with this regard.
Bottom line:
SuperCom continues to disappoint on all fronts and rightfully the shares have moved to new 52-week-lows in the wake of today's results and conference call. I have been a vocal critic on the many issues surrounding the company and its management for quite some time now and have been largely proven right so far.
Investors need to prepare for another year with little or perhaps even negative organic growth as already partially reflected in the current 2016 analyst consensus of just $36.4 mln in annual revenues despite the likely addition of more than $10 mln in acquired revenues from LCA and Safend.
It will take a deeper look into the company's upcoming 20-F filing to get a better understanding of SuperCom's 2015 performance in order to derive potential implications for the company's business going forward. In case of material new information being disclosed, I will provide a follow-up.
The company's business has been stagnant at best since the acquisition of the Smart-ID division from OTI more than two years ago with gross margins on an ongoing decline and even the company's cash position deteriorating as of late.
Investors should continue to avoid the shares as SuperCom's business model continues to look ill-conceived with too many moving parts involved and a management seemingly incapable of righting the ship. As long as most of the company's relevant business metrics continue to point in the wrong direction, there's very little to gain here.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
SuperCom Finally Reports Third-Quarter Results - More Troubles Ahead For Investors
Must Read | Dec. 23, 2015 3:34 PM ET | 5 comments | About: SuperCom, Ltd. (SPCB), Includes: OTIV
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
Investors might face another dismal quarter as management fails to reiterate the recently revised full-year guidance.
The acquisition of LCA seems directed at misleading investors as well as potential customers.
Management again failed to disclose a major lawsuit filed against the company.
SuperCom's comfortable cash balance is going to decline.
Contrary to the company's announcement on the preliminary results call three weeks ago, management this time refrained from holding a conference call.
After already issuing highly disappointing preliminary third-quarter results three weeks ago, SuperCom (NASDAQ:SPCB) eventually managed to release the final numbers after the close of trading on December 22.
While the results themselves contain no surprises, actually the wording of the press release when compared to the formulation used in the preliminary results has attracted my attention. These were management's comments three weeks ago:
(...) SuperCom has revised its guidance for the full year 2015. The Company believes that revenue for the full year will exceed $30 million. The Company further believes that EBITDA for the full year of 2015 will exceed $9 million.
"Our financial performance in the third quarter and full-year were impacted by our inability to recognize more than $10 million of revenues that were expected this year, mainly due to delays associated with foreign government customers," commented Mr. Arie Trabelsi, President and Chief Executive Officer of SuperCom. "This delay, while inherent in our business, is frustrating, but we believe we will be able to recognize this revenue in 2016. As a result of these delays, we are adjusting our full-year outlook. Our confidence in our continued growth in 2016 and beyond remains intact. We continue to be successful in identifying, bidding upon and winning business. Our quarterly results can be erratic based on complex revenue recognition challenges, but nothing that has occurred has changed our medium and long-term outlook."
Management was actually hard pressed by analysts on the conference call with regard to its confidence in delivering roughly $9 mln in revenues for the fourth quarter, a close to 60% quarter-on-quarter increase. The answer of the company's acting CFO at this time was:
That's okay that we are a month before the end of the quarter and the numbers that we just mentioned we believe that we have all the full confidence to recognize in full and everything else is just going to be an upside too.
Management also reiterated its confidence in the continued growth of the company and provided de facto guidance of $35-50 mln for FY2016 on the conference call.
Now, let's look at the very short management commentary alongside the company's final third-quarter results release:
"As we already expressed on November 30th, 2015, we faced a number of challenges during the third quarter but the underlying fundamentals of our business remain strong," commented Arie Trabelsi, SuperCom's President and CEO. "Recent international events have put a renewed focus on the importance of global security, border control and secure verifiable identification. Countries around the globe are facing well-documented challenges related to border security which reinforce the need for more advanced identification around the world."
Mr. Trabelsi added, "Strong market demand, our growing array of innovative technology offerings and solutions, and our valuable pipeline of opportunities gives us confidence in implementing our business plan for 2016 and beyond. We continue to believe the company's shares remain undervalued, and we will continue opportunistically repurchasing shares under our current buy-back program," Mr. Trabelsi concluded.
So just three weeks later management is neither reiterating its full-year 2015 guidance nor its belief in renewed (organic) growth starting in 2016. While these discrepancies might just be the result of a very unfortunate choice of words, I tend to believe that management is already telegraphing another potential revenue miss for the fourth quarter and subsequent disappointing FY2016 guidance.
Moreover, management surprisingly again failed to disclose a major lawsuit recently filed by the former owner of the company's Smart ID business, On Track Innovations Ltd. (NASDAQ:OTIV) on October 19 as stated in OTIV's most recent 10-Q:
In December 2013, the Company completed the sale of certain assets, subsidiaries and intellectual property ("IP") relating to its Smart ID division.(...) During the nine month periods ended September 30, 2015 and September 30, 2014, the Company recorded profit from contingent consideration in the amount of $848 and $500, respectively, from which $461 and $270 were recognized during the three month periods ended on such dates, respectively, according to an earn out mechanism.(...)
In June 2015, the purchaser of our Smart ID division, SuperCom Ltd., or SuperCom, raised cash through an equity public offering. Based on certain provisions of the Smart ID division sale agreement, such an event entitles the Company to additional consideration. After repeated demands for payment, on October 19, 2015, the Company filed a lawsuit in the District Court in Lod, Israel, against SuperCom, requesting, among other things, monetary relief in the amount of NIS 28.9 million (approximately $7.4 million) with respect to additional consideration owed to the Company for the sale of our Smart ID division. SuperCom is required by applicable law to file a response by November 20, 2015.(...)
At least the company as of late has made use of its recent one million share buyback authorization and purchased 500,000 shares in the open market at an average price of $4.90. But instead of immediately retiring the shares, management decided to hold them in treasury for the time being, which is rather unusual and points to management's intentions to make use of the shares at a later date. Hopefully, they won't be awarded to management or used for acquisition purposes short term.
On a different note, SuperCom today announced another acquisition, US-based Leaders in Community Alternatives, Inc. (LCA). LCA is a provider of electronic monitoring programs to 10 Californian counties with approximately 10 million residents. While the acquisition is meant to be accretive, actually some of the claims made by SuperCom's management in the press release are thwarted by LCA's business model:
(...) LCA's wide-ranging programs provide accountability and protect public safety, all while offering a path for offenders to break the cycle of recidivism.
"I am very excited about this highly strategic acquisition that will be accretive upon closing and provide us with a strong, referenceable base of long-term government customers in the United States that we believe we can leverage to expand our electronic monitoring business globally," commented Ordan Trabelsi, SuperCom's President of the Americas. "In addition, the acquisition unites LCA's ability to provide proven, industry-leading solutions and evidence-based practices to government agencies with SuperCom's advanced electronic monitoring technology and world-class engineering capabilities." He continued, "LCA shares SuperCom's core values of utilizing technology and innovation to make this world a safer place, and we're confident we can leverage their capabilities and deep industry experience for the benefit of populations in the U.S. and around the world."
For 2015, LCA is expected to generate more than $9 million in revenues, be profitable, and achieve double-digit revenue growth. The company's revenue base is recurring and primarily derived from contracts with various government agencies in the U.S.
In fact LCA's electronic monitoring business is providing the so-called "offender pay programs" and the company notes on its website that "LCA's services are typically provided at no cost to the county". Offender pay is actually a highly challenging business given that the typical offender has neither the money nor the responsibility to successfully complete the program. While some counties offer funding assistance, LCA still needs to collect substantial amounts from the offenders being monitored.
So clearly the company's electronic monitoring revenue base is not really recurring and might in fact fluctuate substantially over time dependent on the number of offenders successfully undergoing their monitoring program and associated funding assistance. Moreover, LCA faces heavy competition from some of the largest security services providers in the world as evidenced by the company losing a major contract with the San Francisco Sheriff's Department to G4S back in 2008. LCA claimed millions of dollars in damages in a subsequent trial, but ultimately lost the case in 2012.
Looking at the numbers, LCA's 2015 revenues will supposedly exceed $9 mln which would represent double-digit year-on-year revenue growth with the business being profitable. Unfortunately, we don't know the average revenue performance over the last few years to assess the company's true underlying growth profile. But given the low purchase price at just 0.33x FY15 revenues (plus potential earn-out payments), I would suspect LCA's revenue profile to be pretty uneven to say the least and its margins to be far below SuperCom's previous corporate average. So the company now is effectively buying the revenue it so far has failed to generate organically. While the purchase could add more than 30% to SuperCom's FY16 revenues, investors will have to prepare for a material impact to gross margins next year.
But given management's comments in the press release, the main reason for the purchase (besides creating the illusion of growth) seems to be SPCB's need for "a referenceable base of long-term government customers in the United States".
So SuperCom is spending $3 mln to effectively buy some low-margin revenues while at the same time pimping its customer list with references the company never managed to acquire organically.
Suffice to say, investors shouldn't like this new acquisition as its main purpose is seemingly to mislead both investors (in terms of the company's growth prospects) and potential customers (in terms of high profile references).
Investors should also note that quite contrary to the announcement made on the preliminary results call, management this time refrained from holding a conference call. Obviously, it wasn't exactly inclined to get further pressured by analysts with regard to the lack of guidance reiteration and just another questionable acquisition.
Lastly, investors need to prepare for the company's cash balance to decline materially over the next few quarters as SuperCom already spent $2.5 mln for share buybacks in Q4 and will spend another $3 mln for the LCA acquisition in Q1/FY2016. Add some legal costs to defend against OTIV and the armada of class-action lawsuits, and the company's unrestricted cash balance might move closer to $20 mln during 2016. Should the company indeed have to compensate OTIV partially or even in full cash might move down even further.
Bottom Line
There might be more trouble ahead for SuperCom's already badly stricken shareholders as management decided not to reiterate the just recently reduced full-year 2015 guidance in today's Q3 earnings press release and moreover refrained from holding the regular conference call. Instead, the company announced a questionable acquisition of a regional US-based provider of electronic monitoring services, which clearly looks directed at addressing the company's organic growth failures while at the same time providing a major face lift to SPCB's governmental customer references at the expense of substantial overall margin reduction. Moreover, management again concealed the major lawsuit recently filed by OTIV. Given the increased spending on share buybacks and the LCA acquisition coupled with an expected rise in legal costs due to class action lawsuits as well as the potential requirement to settle the OTIV lawsuit, SuperCom's cash balance might come down materially over the next few quarters.
Investors should continue to avoid the shares.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
I think it's because all the insider buying (company buying back 500,000 is complete). The company wanted to keep the price artificially low for their purchase and now will let it breathe. It will be interesting to see how this stock does because it appears their financials are artificially low based on booking schedules rather than strength of the company. I could see this rise up quickly actually, or the prs oils be some market manipulation.
SPCB: doubles in 5 minutes off opening lows!
I am so often wrong, perhaps
this time as well.
My red flags (imho) include:
There are too many unmet promises,
unbased finance outcomes, one too
many FCO switches pretentious
looking forward outlook and lack of
disclosure (OTIV lawsuit for one)
Since selling out pps has been rising,
however once i' am out i am out.
Once again i bid good luck and
good fortunes to current stockholders!
As of a couple days ago i have
no interest in this company!
Too many red flags.
GLTY and others who remain o'board
This contract wasn't enough to prevent that nice $3.00 drop in share price.
SuperCom Announces Preliminary Third Quarter Revenue and Updates Full Year 2015 Forecast
HERZLIYA, Israel, November 30, 2015 /PRNewswire/ --
SuperCom Ltd. (SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, provided preliminary revenue for the third quarter ended September 30, 2015, and updated guidance for the full year of 2015.
Based on preliminary estimates, revenue for the quarter ended September 30, 2015 is anticipated to be in a range of $5.5 million to $6.1 million. Cash and cash-equivalents were approximately $35 million as of September 30, 2015. The Company is working to complete its third quarter financial, and will report financial results within two weeks.
SuperCom has revised its guidance for the full year 2015. The Company believes that revenue for the full year will exceed $30 million. The Company further believes that EBITDA for the full year of 2015 will exceed $9 million.
"Our financial performance in the third quarter and full-year were impacted by our inability to recognize more than $10 million of revenues that were expected this year, mainly due to delays associated with foreign government customers," commented Mr. Arie Trabelsi, President and Chief Executive Officer of SuperCom. "This delay, while inherent in our business, is frustrating, but we believe we will be able to recognize this revenue in 2016. As a result of these delays, we are adjusting our full-year outlook. Our confidence in our continued growth in 2016 and beyond remains intact. We continue to be successful in identifying, bidding upon and winning business. Our quarterly results can be erratic based on complex revenue recognition challenges, but nothing that has occurred has changed our medium and long-term outlook."
The above assessment for the third quarter and full year 2015 is based on the Company's initial analysis and is subject to change as the routine review and finalization of results continues
Another Year, Another CFO: Time To Short SuperCom Ahead Of Q3 Earnings
Nov. 18, 2015 5:02 PM ET | 15 comments | About: SuperCom, Ltd. (SPCB)
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
The company today announced the third abrupt CFO departure in as many years.
The elevated turnover at this key management position is highly concerning.
After already missing expectations for the fiscal year 2014 and Q2/2015, investors should prepare for another dismal earnings report and substantially lowered full year guidance.
The company's major contract wins announced in 2014 have so far failed to make material contributions to Supercom's top and bottom line.
A short position should yield material profits going into the Q3 earnings release.
SuperCom (NASDAQ:SPCB) is an Israeli company and "provides traditional and digital identity solutions to governments, and private and public organizations worldwide".
Until 2014 SuperCom was a tiny company with annual revenues below $10 mln but then the company managed to buy back their former SMART ID business division from oti (NASDAQ:OTIV) thereby more than tripling their FY2014 revenues to around $30 mln. The company has since guided for 2015 revenue growth of 45% with the current analyst consensus standing at $41.3 mln.
SuperCom announced two major contract wins in 2014 for combined future revenues of $47 mln causing the company's shares to go into a major tailspin for some time but since then failed to book anything close to that magnitude. Moreover those supposed contract wins have seemingly failed to make any material contribution to the company's top and bottom line so far.
Actually the first half of the current fiscal year was nothing to write home about and revenues were a meager $15.5 mln. SuperCom reported Q2 revenues substantially below expectations but the company's CEO Arie Trabelsi as always offered untampered optimism about the business on the conference call subsequent to the company's earnings release. Given Mr. Trabelsi's stated goal of SuperCom reaching annual revenues of $250 mln as early as 2018 there's seemingly some work to be done with this regard.
With Q3 results to be released on November, 30 the company today announced the third abrupt CFO departure within the last two years. Both previous CFOs served only roughly 14 months before departing.
The elevated turnover in this key management position is highly concerning given that the company already has a troubling history of misleading statements and confusing press releases as fellow contributor Jay Yoon rightfully pointed out at the beginning of the year.
Since the company has failed to announce major new contracts for some time now and revenues from existing contracts seemingly do not materialize as projected the shares have lost more than 40% from their 52-week-highs but are still trading more than 100% higher than before the company bought back the Smart ID business from OTIV.
Fortunately SuperCom successfully accessed the capital markets during Q2/2015, bringing its cash position to above $30 mln so at least the company won't run into liquidity issues anytime soon.
I have been a long term bear on the company mainly based on the CEO's frequent unsound projections and false statements and to some part based on the issue that SuperCom sold that Smart ID business to OTIV in 2006 for $20 mln just to buy it back for half of that amount at the end of 2013 and almost immediately the very same unit that has been a drag to the businesses of both SPCB and OTIV over many years wins some major orders. Adding the ongoing turnover at the CFO position I clearly have my doubts about the validity of those orders or even large parts of the business as a whole. Those orders might very well exist at least to some extent but as of now we still don't know about the revenue and margin contribution at all. In fact they might be much smaller than Mr. Trabelsie made them appear or the revenue recognition might take much longer than initially projected.
Anyway, the company WILL have to show some major progress with regard to the second half of 2015. Quarterly revenues will have to almost double going forward to meet the company's projections for 2015. They will also have to announce another major contract win pretty soon as investors are clearly losing their faith and patience. With no new major projects in backlog analyst estimates for 2016 of close to $57 mln in revenues representing another close to 40% increase compared to current FY15 estimates might end up as bad joke at some point. It should be noted that analysts already took down their initial FY15 and FY16 estimates following the poor Q2 report.
Given the lack of new contract announcements during the quarter and another abrupt change at the CFO position I would expect the company to materially miss the already lowered Q3 analysts' consensus of $13.4 mln and to guide down FY15 and FY16 expectations substantially. At current levels a short sale should yield decent returns over the next two weeks.
After all I still wouldn't be too surprised to see this company being exposed as a major fraud one day but for now investors should focus on the company's all important quarterly results and business announcements going forward.
Bottom line:
The company has already missed investor expectations for the last quarter and the last fiscal year. The lack of new contract announcements during the quarter and another change at the CFO position shortly before reporting Q3 results doesn't bode well for the upcoming numbers. Investors should take a short position in the shares going into the earnings release as I would expect another set of dismal numbers and guidance.
SPCB - PRESENTING IN PARIS STARTING TOMORROW
SuperCom (NASDAQ: SPCB), a Global provider of secure solutions for e-Government, Public Safety, HealthCare, and Finance sectors, announced today that it has signed a memorandum of understanding with a leading Mobile Network Operator in Africa to implement and deliver a mobile money solution using SuperCom’s SuperPay™ technology.
Both parties have agreed to jointly deliver an advanced secure mobile wallet to be used by millions of existing subscribers with any mobile device and to deploy matching mobile POS technology through the operator’s vast agent network. The solution will provide a range of services such as cash deposits and withdrawals, money transfer, bill payments, account top ups, in-store payments and more. The business model is based on revenue sharing between the Mobile Network Operator and SuperCom.
SuperCom will showcase its SuperPay suite of secure mobile payments solutions, along with its other innovative solutions next week at the CARTES SECURE CONNEXIONS 2015 event in Paris, France on November 17-19 2015. SuperCom´s booth will be located in Hall 3 at Stand E 012.
SuperCom Signs MoU for Delivery of Mobile Money Solution in Africa
HERZLIYA, Israel & NEW YORK, November 13, 2015 /PRNewswire/ --
SuperCom (SPCB), a Global provider of secure solutions for e-Government, Public Safety, HealthCare, and Finance sectors, announced today that it has signed a memorandum of understanding with a leading Mobile Network Operator in Africa to implement and deliver a mobile money solution using SuperCom's SuperPay™ technology.
Both parties have agreed to jointly deliver an advanced secure mobile wallet to be used by millions of existing subscribers with any mobile device and to deploy matching mobile POS technology through the operator's vast agent network. The solution will provide a range of services such as cash deposits and withdrawals, money transfer, bill payments, account top ups, in-store payments and more. The business model is based on revenue sharing between the Mobile Network Operator and SuperCom.
SuperCom will showcase its SuperPay suite of secure mobile payments solutions, along with its other innovative solutions next week at the CARTES SECURE CONNEXIONS 2015 event in Paris, France on November 17-19 2015. SuperCom´s booth will be located in Hall 3 at Stand E 012.
SuperPay™ is SuperCom's secure mobile payment hybrid suite which brings a new level of secured cross-network mobile payment transaction capabilities. Designed specifically as a flexible end-to-end mobile payments solution, the SuperPay suite is a secure and effective customizable answer for governments, MNOs and banks. Solving major money transfer and payments problems, and considering the unbanked population, SuperPay can be used for depositing, withdrawing and transferring funds and for paying for goods and bills on any mobile phone. While supporting multiple payment methods such as mobile-money, credit / debit cards and bank accounts, SuperPay monetary transactions are processed over a tightly-secured closed / open-loop protective layer employing an array of technologies - such as biometric authentication, IVR, and NFC - without additional hardware needed. The SuperPay Suite includes:
SuperWallet - an app providing secured financial services on any mobile device
SuperPOS for secured and audio authenticated Point of Sales payments
SafeMoney for safeguarding against device and network-based threats
SuperGW - a fully customized payments processing gateway platform
PayGuard for secured one-click ecommerce payments with multi-level authentication
About SuperCom
Since 1988, SuperCom has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers advanced secure mobile payments ranging from mobile wallet to mobile POS using a set of components and platforms to enable secure mobile payments and financial services. SuperCom is a global provider of a unique all-in-one field-proven RFID & mobile PureSecurity advanced solutions suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.
SuperCom's website: http://www.supercom.com
Investor Relations Contacts:
Company Contact:
Brett Maas / Rob Fink
Hayden IR
+1-(646)-536-7331 / +1-(646)-415-8972
spcb@haydenir.com
Ordan Trabelsi,
President, Americas
Tel: +1-212-675-4606
ordan@supercom.com
SuperCom Approves One Million Share Repurchase Program
HERZLIYA, Israel, September 24, 2015 /PRNewswire/ --
SuperCom Ltd. (SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, today announced that its Board of Directors has approved the repurchase of up to one million of the company's ordinary shares.
The duration of the program is open-ended, does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time.
"Given the underlying strength of SuperCom's business and recent equity market volatility, this program provides us the ability to opportunistically acquire our shares at attractive prices and underscores our commitment to returning value to our shareholders," commented Mr. Arie Trabelsi, President and CEO of SuperCom." Although we are consistently facing opportunities in our operations and target markets to deploy capital with potential for high returns, we are pleased to have this additional channel available for our capital allocation strategy which we believe should increase shareholder value over time.
Under the program authorized by its Board of Directors, SuperCom may purchase shares in open market transactions. The extent to which SuperCom repurchases its shares and the timing of such repurchases is at the discretion of SuperCom's management and will depend upon market conditions and other corporate considerations, including regulatory requirements. The purchases are expected to be funded with existing cash on hand.
Second Quarter Financial Highlights Compared to the Second Quarter of 2014
Missed analyst estimates:
· Revenue increased by 10% to $7.75 million compared to $7.06 million
· GAAP operating income was $1.3 million compared to $2.2 million
· Non-GAAP operating income was $2.3 million compared to $2.7 million
· EBITDA was $2.4 million (31% margin) compared to $2.7 million (39% margin)
· Non-GAAP EPS was $0.16 compared to $0.20
Supercom (NASDAQ:SPCB) will be announcing its Q215 earnings results on Wednesday, September 16th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $9.86 million for the quarter.
Tomorrow will tell!
Conclusion
We think game-changing program awards are a question of when, not if. We believe SuperCom will win major awards in 2015, perhaps tomorrow, or perhaps in a week or 3 months. And there could be, and likely will be, multiple awards both in 2015 and beyond. If we are correct, this is potentially a 70% GM / 40% OM company with high visibility, and EPS approaching $2 in 2016 (with a strong growth trajectory thereafter) versus the $1+ currently expected. If we're wrong, this is a stock trading at 10x earnings, ex-cash - perhaps $1-2 of downside. If our industry checks are accurate, and management's commentary is correct - they already have wins, and are now negotiating the details. We believe this could quickly become a 15-20x EPS story on an EPS number approaching $2. At just $11.72 per share, we find the risk/reward compelling.
SuperCom: Funding Likely Presages Major H2 Contract Awards
Must Read | Jul. 21, 2015 7:46 AM ET | 2 comments | About: SuperCom, Ltd. (SPCB), Includes: GTOMY
Subscribers to SA PRO had an early look at this article. Learn more about PRO »
Disclosure: I am/we are long SPCB. (More...)
Summary
We believe SuperCom's recent follow-on was an effort to strengthen the company's balance sheet to provide comfort to national governments ahead of large (i.e. $50M+) contract awards.
Despite modest dilution, the shares trade at less than 10x CY15 EPS (ex-cash). Notably, insiders still have never sold a share, despite a 30x return on their investment.
With a 70% GM/40% OM model, there is tremendous earnings leverage. A single large new award would dramatically accelerate the company's growth trajectory.
We believe SuperCom represents a compelling risk/reward opportunity. There is limited downside given current program visibility, while a single substantial win could drive the shares significantly higher.
"The time to raise capital is when you don't need it."
- Investment Banking 101
On June 18th, SuperCom (NASDAQ:SPCB) completed a follow-on at $12 per share, raising $27 million, including the underwriter's over-allotment. For those unfamiliar with the SuperCom story, this transaction would seem something of a head-scratcher, given the company's solid cash position ($4.2 million at the end of 1Q, and $4 million in cash collection in April), strong anticipated cash generation, and low capital requirements. While we are not advocates of equity raises and dilution, we believe this capital raise was strategic and likely presages sizable contract awards in coming quarters. Specifically, we believe a stronger balance sheet will give more comfort to governments considering awarding $50 million, $100 million or potentially larger contract awards, especially when SuperCom is competing against multi-billion companies like Gemalto (OTCPK:GTOMY). We view the risk/reward as highly asymmetric, with shares at less than 10x CY2015 EPS ex-cash, with high revenue visibility, and with the potential for a single large contract award to drive shares dramatically higher. For example, a $50 million contract award would likely add approximately $0.40 to 2016 EPS (and similar in 2017). In the event of such a win, we believe 2016 EPS would easily be $1.50, which, at a 15x multiple, implies a $22 stock price - 90% above current prices. And we believe multiple such awards are possible in coming quarters.
SuperCom is a leading provider of Electronic ID solutions for governments. The company's current investor deck can be found here. The business is marked by long installation periods, high revenue visibility, and significant recurring revenue (approximately 20-30% annual revenues after completion of the original contract award). The company is also extending its offerings in the RFid segment, including areas such as ankle bracelets for prisoners, and e-money solutions. In fact, it recently announced a win in Europe for electronic monitoring of prisoners on probation.
The business model is also marked by lumpiness, with a single contract potentially significantly changing SuperCom's growth trajectory. For example, in 2014, the company received over $60 million of new project awards, with a modest amount implemented in 2014 and the vast majority of project modules to be completed in 2015 and 2016.
2014's wins helped drive 1Q 2015 organic revenue and EBITDA growth of 45.7% and 77.6% y/y, respectively. Post 1Q, the company reiterated guidance of revenue growth of at least 40% y/y, or at least $41.6 million, which implies significant sequential and y/y growth going forward, given 1Q's $7.7 million in sales.
Year-to-date, there has been little in the way of announced awards ($7 million was announced on June 10th). That doesn't mean a lot isn't in the works. In fact, management sounded extremely confident when they reported 1Q:
"So far in 2015 we have been notified by several government agencies that we have been selected as the bidder of choice for a number of these competitively bid contracts and we are in negotiations with potential customers now.
As a general practice we announce new wins once a new contract is signed and/or a significant milestone achieved grants us high confidence in future revenues. Taking a conservative approach announcing new wins is a best practice and helps us as a Company avoid risk should a contract be delayed or negotiations break down... I will say that as we move through 2015 our optimism has only increased and we remain confident in our ability to achieve our full year outlook."
- Ordan Trabelsi, President SuperCom North America 1Q transcript (bold added)
Mr. Trabelsi adds that the company is now focused on "developing countries and international tenders between $10 million and $200 million" He continues by stating that SuperCom expects 1-3 wins by the end of 2015.
We continue to be encouraged by the number, quality, stage, size and time of opportunities we have in our sales pipeline. Today we have a large amount of open proposals in various stages in many countries around the globe and we believe we are well positioned to achieve our stated goal to secure at least one to three new deployment contracts a year also in 2015.
- Ordan Trablesi, President SuperCom North America 1Q transcript (bold added)
The simplest explanation makes the most sense (Ockham's Razor)
We think the most logical reason for SuperCom's recent capital raise is also the simplest. In our view, the best explanation is that the company wanted to show financial strength to large governments - some of whom may have required significant working capital to give an award. According to our research, some countries want to see 25% of the working capital for a contract on the balance sheet before providing an contract. Based on this, SuperCom's recent capital raise would support the idea that the company may be close to receiving a contract as large as $100 million (to be fulfilled in 2+ years). The fact is that the cash on the balance sheet is something of a red herring, as projects are typically completed in discrete modules, with each module receiving payment upon completion, and carry high margins (60%+ gross margins at the outset, and 80%+ upon completion/maintenance). Thus, that much working capital is not necessary. Still, the idea of a significant cash balance would obviously provide comfort to a large government.
We are hard-pressed to find alternative reasons for the capital raise. Insiders did not sell stock. Perhaps some investors might believe that SuperCom raised cash for its balance sheet before an earnings blow-up (again, we point out no insider sales), but this is a business with extremely high revenue visibility. Our sense from management is that their stock is a precious commodity. They don't dole it out generously or without significant consideration. We believe that the company believes this is something that had to be done to position itself for game-changing contract awards. Our checks also suggest that management will try to raise debt or establish a credit facility, assuming the company wins meaningful awards, to avoid future dilution via the equity markets.
What happens next
We don't know if it's tomorrow or next week or next month, but we suspect that SuperCom will receive a $50 million, $100 million or larger contract award. And we believe the achievement of such an award will be the best evidence that more will come.
Assuming just a $50 million award at a 30% operating margin (target is 40%) implemented over 2.5 years (target is 2 years) implies almost $0.40 in incremental annual EPS for the first 2 years. Upon project completion, there would be 20-30% annual recurring revenue on the $50 million. Assuming $10 million annually (20% recurring) at a 45% operating margin would imply $0.30 in annual EPS.
Conclusion
We think game-changing program awards are a question of when, not if. We believe SuperCom will win major awards in 2015, perhaps tomorrow, or perhaps in a week or 3 months. And there could be, and likely will be, multiple awards both in 2015 and beyond. If we are correct, this is potentially a 70% GM / 40% OM company with high visibility, and EPS approaching $2 in 2016 (with a strong growth trajectory thereafter) versus the $1+ currently expected. If we're wrong, this is a stock trading at 10x earnings, ex-cash - perhaps $1-2 of downside. If our industry checks are accurate, and management's commentary is correct - they already have wins, and are now negotiating the details. We believe this could quickly become a 15-20x EPS story on an EPS number approaching $2. At just $11.72 per share, we find the risk/reward compelling.
Raising funds for a bigger acquisition.
Good news. Glad to see it. Now I'd like to see an American contract.
SuperCom lands electronic monitoring contract from European country
Jul 6 2015, 13:27 ET | By: Eric Jhonsa, SA News Editor
An unnamed European government has granted SuperCom (SPCB -1%) a contract to "deploy a new Electronic Monitoring solution that aims to establish a more comprehensive and transparent Electronic Surveillance platform to effectively track and monitor hundreds of enrollees in the country's new Probation Program."The system is expected to be deployed in the next 2 months, and operated for the next 5 years. It makes use of SuperCom's PureSecurity electronic monitoring suite.
Last month: SuperCom discloses over $7M in new contracts
SuperCom Ltd. Announces Closing of $29 Million Public Offering Including Exercise of Underwriters’ Option to Purchase Additional Shares
Herzliya, Israel & New York, NY, June 23, 2015 – SuperCom Ltd. (NASDAQ: SPCB) (“SuperCom” or “the Company”), a provider of secure solutions for e-Government, Public Safety, HealthCare, and Finance sectors, today announced the closing of its previously announced underwritten public offering of 2,415,000 shares of its ordinary shares at a price to the public of $12.00 per share, which amount includes 315,000 additional ordinary shares resulting from the underwriters’ exercise in full of the overallotment option at the public offering price.
All of the shares in the offering were sold by SuperCom, with total gross proceeds to the Company of approximately $29 million, before deducting underwriting discounts and estimated offering expenses.
Cowen and Company, LLC acted as sole book-runner for the offering, and B. Riley & Co., LLC, Craig-Hallum Capital Group LLC and Feltl and Company, Inc. acted as co-managers.
The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital. The Company may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions or businesses that complement its business, although the Company has no present commitments or agreements to enter into any acquisitions or investments.
Think they need the money for their next big contract or acquisition
SuperCom prices 2.1M-share offering; shares -10.2%
Jun 18 2015, 09:26 ET | By: Eric Jhonsa, SA News Editor Contact this editor with comments or a news tip
SuperCom (NASDAQ:SPCB) is selling 2.1M shares at $12.00, 12% below Wednesday's close.
Underwriters have a 315K-share overallotment option.Assuming the overallotment option isn't picked up, gross proceeds will total $25.2M.
The offering stands to increase SuperCom's diluted share count by ~15%.SuperCom has fallen to $12.20 premarket.Yesterday: SuperCom plans stock offering; size/pricing undisclosed for now
Any thoughts on proposed offering
SuperCom discloses over $7M in new contracts
Jun 10 2015, 12:09 ET | By: Eric Jhonsa, SA News Editor Contact this editor with comments or a news tip
SuperCom (SPCB +0.8%) has been "selected to implement new contracts representing more than $7 million in size." The company will "provide various core elements of its flexible electronic-ID solutions, with potential for additional follow-on orders in the future.
"The majority of the contract revenue is expected to be recognized over the next 2 quarters. For reference, SuperCom had Q1 sales of $7.7M, and has been guiding for 2015 revenue to grow over 40% from 2014's $29.7M
.No details have been shared about the clients serviced by the contracts. An April Security Document World report fueled hopes SuperCom has landed a major Kenyan national digital registry database contract.
Followers
|
29
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
868
|
Created
|
03/10/05
|
Type
|
Free
|
Moderators |
SuperCom Ltd. (the “Company”) is an Israeli resident company organized in 1988 in Israel. On January 24, 2013 the Company changed its name back to SuperCom Ltd, its original name, from Vuance Ltd. On September 12, 2013, the Company’s ordinary shares were approved for listing on the NASDAQ Capital Market and began trading under the ticker symbol “SPCB” on September 17, 2013. Previously, the Company’s ordinary shares traded on the OTCQB® electronic quotation service. |
The Company is a global provider of traditional and digital identity solutions, providing advanced safety, identification, tracking and security products to governments and organizations, both private and public, throughout the world. The Company provides cutting edge real-time positioning, tracking, monitoring and verification solutions enabled by its RFID &Mobile pure security advanced solutions suite of products and technologies, all connected to a web-based, secure, proprietary, interactive and user-friendly interface. The Company offers a wide range of solutions including, national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver’s licenses, and electronic voter registration and election management using the common platform (“MAGNA”).
State-of-the-art biometric identification and cyber security solutions to protect your nation,
For over 25 years, SuperCom has been a trusted partner with over 20 national governments around the world, recognized as a global leader in design, development, integration and delivery of highly secured national ID and e-government solutions.
Through one robust and unified platform, we integrate best-in-breed technologies to offer an array of interconnected, high value solutions.
Improve efficiency with real-time data on your patients and medical assets
SuperCom offers a variety of solutions for the healthcare market designed to improve safety and efficiency in healthcare facilities.
SuperCom's healthcare solutions are accessed, managed, and controlled from SuperCom's secure, cloud based software, creating an easy-to-use and cost effective platform that allows healthcare facilities to pick and choose the solutions they need, when they need them.
Solution Benefits:
Monitor and manage valuable assets such as: Pumps, Beds, Carts, Workstations On Wheels (WOWs), Cameras, and Monitors.
Instantly search and find a specific asset or the nearest asset and minimize staff search times for lost or misplaced assets.
Maximize asset utilization reducing the costs of excess units.
Receive alerts before equipment leaves a predefined area to prevent theft.
Trigger audio/visual alarms instantly if an asset approaches a restricted area or leaves the premises.
Automate location based inventory management which eliminates manual stock-taking.
How it works:
Small form factor tags are mounted on valuable or mission critical assets. Multiple tags and mounting options are available in order to suit many types of equipment. Each tag is assigned to a specific asset with a quick and intuitive process in the cloud based management software. Each unique asset is classified to an asset category. After assigning a tag to an asset, the asset can then be tracked and instantly located by the software. Custom, events, reports, and alerts can be created and the system can be configured to send automatic emails or SMS messages.
SuperCom offers secured mobile messaging apps for communication and data transfer between staff members at healthcare facilities. With SuperCom´s highly secure communication app healthcare facilities can enable a BOYD policy for staff members at the hospital cutting cost of dedicated communication devices. The app allows staff members to communicate and share medical data in an efficient, low cost, and most importantly, secure way. In addition, SuperCom also offers complete cyber security solution design and consulting services to make sure that patient data is safe and secure.
Digital and Cyber Security Product Offering
Complete Cyber Security solution design and consulting services.
Secure mobile messaging apps to enable a BYOD policy and ease internal communication and data flow without the need of purchasing additional communication devices.
HIPAA compliant, efficient, and secure data transfer.
SuperCom´s Emergency Response system is a great solution for home care, assisted living, and other long term care facilities. Using the system, residents can be monitored to ensure their safety, providing peace of mind for those who are living alone and for their loved ones. The waterproof wrist tag worn by the resident can be used to trigger an emergency call. The same can be done from the Base Unit which can also function as a two-way communication system with any phone number. The Tag can automatically identify a fall and trigger an emergency call from the Base Unit. The system allows continuous monitoring of the patient or resident even outside the range of the home unit using a dedicated mobile app.
How it works:
A wrist tag worn by the resident communicates with the Base Unit which forwards the data to the cloud software. The Tag can trigger an emergency call from the Base Unit to a predefined number. The Base Unit can also be used as a two-way communication device. When paired with the dedicated Mobile App, the resident can be monitored and trigger emergency calls even when not in range of the Base Unit. The resident´s GPS location is sent via the mobile app to the Cloud Monitoring Software.
Staff Safety and Workflow Solution Features
Indoor and outdoor coverage (via mobile app).
IP-68 rated tags (water and dust resistant)
Long lasting Tag battery – up to 4 years.
Cloud base software platform for central monitoring 24/7.
Multiple communication options: Land-line, Cellular, Wi-Fi.
Periodic self-test mechanism to ensure full system functionality.
The Companion Wander Detection Solution was designed to improve patient safety by utilizing the location and tracking capabilities of SuperCom´s Real Time Location System. With the Cloud Monitoring Software, users can set predefined rules and geo-fences in order to receive automatic alerts if a patient has wandered or is in danger. SuperCom´s wrist tag has a slim watch-like design which is comfortable to wear even while taking a shower or swimming. This allows non-intrusive tracking of patients or residents in order to ensure their safety. The Companion reader and Tag set is also available as a stand-alone product that does comes preconfigured and does not require any software.
Solution Benefits
Instantly search for any patient across the facility to find wandering patients.
Receive real-time alerts when a patient enters a restricted area or leaves the premises in order to protect them from eloping to unwanted areas and to prevent fall risks.
Improve patient care by monitoring patient wait times, bottle necks, and patient-staff contact times by generating reports and statistics on patient locations.
Trigger audio/visual alarms when patients come close to an unwanted area.
Identify patients or staff members that may have come in contact with an infected patient and may be at risk, by generating a dedicated report or viewing a BI dashboard.
How It Works
Each patient is assigned a tag in the Software´s Admit Screen. The Tags transmit a periodic message which is used by the system to monitor the patient. Using the software, wandering patients can be instantly located on a map and the location status of all patients can be viewed at a glance. In addition, SuperCom Readers can be mounted at predefined exits or chokepoints and instantly alert when a patient is at an unwanted location. The system can trigger an audio/visual alarm and/or automatically send an email or SMS.
The Staff Safety Solution leverages SuperCom´s Real Time Location System to protect and assist healthcare staff members in emergency situations. A staff member wearing a Tag can automatically signal a distress call by pressing a call button on the tag. The distress call is immediately forwarded to SuperCom´s Monitoring Software Application which in turn can trigger a variety of actions. For example a silent alarm can be sent via SMS or email to a predefined address or an audio/visual alarm can be activated at specific locations. The location capabilities of SuperCom´s system enable it to identify which room the call came from. This can be used to indicate to response teams the exact location of the distress call. The system also has the ability to track staff - patient interactions and provide analysis on potential infection risks as well as staff utilization.
Solution Benefits
?
Staff members can trigger silent alarms in the event of an attack or other emergency by pressing the tag call button.
Event locations are immediately forwarded to the Supercom Monitoring System with the exact room location.
Automatically log the patients that a staff member has come in contact with to identify potential infection risks.
Trigger audio/visual alarms at defined locations upon an emergency call button press.
Quickly search for a specific staff member or find the nearest nurse or doctor in the event of an emergency.
??Analyze workflows to reduce staff walking distance during shifts and improve efficiency.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |