SuperCom Posts Record Q2 Revenue of $8.1M and EBITDA of $4M, Up 58%
SPCB sits 52% above its 52-week low of $7.07.
Summary
SuperCom delivered record Q2 results with revenue of $8.1 million, up 13.3% year-over-year, and EBITDA of $4.0 million, a 58% jump. Non-GAAP net income rose 32% to $2.9 million, and U.S. electronic monitoring recurring revenue surged 171%. The company's ARR run-rate is up 290% year-over-year, reflecting rapid expansion across 19 new U.S. states and multiple European national contracts. This follows a string of contract wins in the timeline, including Sweden and Norway, and a recent $7.5 million registered direct offering at $10.25. The strong operating leverage and accelerating recurring revenue base support the positive sentiment, though the stock's small market cap means the move could be outsized.
At the time of this announcement, SPCB was trading at $10.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $67.5M. The 52-week trading range was $7.07 to $13.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.