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Sunday, May 05, 2024 7:42:23 AM
"We are immensely proud of our performance in 2023, surpassing expectations and delivering record-breaking growth and profitability. Our relentless pursuit of excellence and strategic initiatives propelled us to new heights, cementing our position as a frontrunner in the electronic monitoring industry," commented Ordan Trabelsi, President and CEO of SuperCom.
"Our expansion efforts globally yielded remarkable results, with annual revenue growth of 51% to a 5-year-record $26.6 million in annual revenues. We have not only sustained our growth trajectory but also accelerated it compared to the prior year, and in both years, outpaced the average industry growth by several multiples. We also achieved astonishing growth in EBITDA to a 5-year-record level of $4.8 million, reflecting operating leverage and cost optimizations. This growth is a testament to our competitive edge and ability to secure significant contracts, such as the $33 million national domestic violence project and other multiple high-value projects in Europe and California, reflecting our commitment to excellence and our ability to meet the diverse needs of our international clientele," continued Ordan.
"2023 also marked a year of pivotal technological evolution and innovation at SuperCom. We have designed advanced AI capabilities that are set to be integrated into our PureSecurity platform. Moreover, we significantly upgraded our technological suite and rolled out new solutions like PureProtect for domestic violence monitoring and PureOne for the North American market. These enhancements have allowed us to stay at the forefront of the electronic monitoring of offenders industry, consistently delivering solutions that meet and exceed the high standards our clients expect from us," continued Ordan.
"Looking ahead to 2024, we are focused on sustaining our momentum and leveraging our technological advancements to further penetrate existing markets and enter new ones. With a robust pipeline of projects and opportunities, coupled with our strong track record and recurring customer base, we are poised for continued expansion in the years to come. We remain committed to delivering superior value to our shareholders and enhancing the safety and security of the communities we serve," Ordan concluded.
Recent SPCB News
- SuperCom Receives Orders Valued Over $3 Million from European Governments to be Delivered in Q3 of 2024 • PR Newswire (US) • 06/20/2024 12:00:00 PM
- SuperCom Announces New Contract Win in North California • PR Newswire (US) • 05/23/2024 01:25:00 PM
- Form 424B1 - Prospectus [Rule 424(b)(1)] • Edgar (US Regulatory) • 05/21/2024 08:30:38 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/20/2024 04:15:11 AM
- SuperCom Secures New $1.8 Million Contracts with a Trusted Long-Term Government Customer • PR Newswire (US) • 05/16/2024 12:30:00 PM
- SuperCom Reports Record Profit and 400% YoY EBITDA Growth for the First Quarter 2024 • PR Newswire (US) • 05/15/2024 11:25:00 AM
- SuperCom to Report First Quarter 2024 Financial Results on May 15, 2024 • PR Newswire (US) • 05/08/2024 12:58:00 PM
- Form F-1 - Registration statement for certain foreign private issuers • Edgar (US Regulatory) • 05/06/2024 08:36:29 PM
- SuperCom Receives over $5.0 Million in new Orders from European Governments • PR Newswire (US) • 04/25/2024 12:00:00 PM
- SuperCom Reports 51% Annual Revenue Growth, Non-GAAP EPS of $0.47 and 5-Year-Record EBITDA of $4.8 million for Full Year 2023 • PR Newswire (US) • 04/22/2024 11:38:00 AM
- SuperCom to Report Fourth Quarter and Full Year 2023 Financial Results on April 22, 2024 • PR Newswire (US) • 04/18/2024 06:21:00 PM
- SuperCom Announces Pricing of $2.9 Million Registered Direct Offering • PR Newswire (US) • 04/18/2024 12:30:00 PM
- SuperCom Wins New Project in California Valued at Up to $2.0 million • PR Newswire (US) • 03/27/2024 01:51:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:07:22 PM
- SuperCom Announces New EM Contract in California • PR Newswire (US) • 02/08/2024 01:34:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/22/2024 10:00:41 PM
- SuperCom Wins New Project in Canada • PR Newswire (US) • 01/16/2024 12:30:00 PM
- SuperCom Secures New USA Electronic Monitoring Contract for its PureOne and Domestic Violence Solutions • PR Newswire (US) • 12/06/2023 02:15:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/15/2023 01:03:34 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/15/2023 01:01:53 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/15/2023 01:00:09 PM
- SuperCom Reports 550% YoY EBITDA Growth and 5-Year-Record Net Profit for the Third Quarter 2023 • PR Newswire (US) • 11/14/2023 02:05:00 PM
- SuperCom to Report Third Quarter 2023 Financial Results on November 14, 2023 • PR Newswire (US) • 11/13/2023 02:02:00 PM
- SuperCom Receives Third Order Valued at Over $3.4 Million from Romania's Ministry of Interior • PR Newswire (US) • 10/30/2023 01:07:00 PM
- SuperCom Secures New National Program for Electronic Monitoring of Domestic Violence Offenders in Finland • PR Newswire (US) • 09/21/2023 12:30:00 PM
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