Press Release: SuperCom Reports Record Profit and 400% YoY EBITDA Growth for the First Quarter 2024

Dow Jones05-15

                                                  ---------  ----------- 
 * EBITDA is a non-GAAP financial measure generally defined as earnings 
  before interest, depreciation and amortization and other non-cash or 
  one-time expenses .

View original content:https://www.prnewswire.com/news-releases/supercom-reports-record-profit-and-400-yoy-ebitda-growth-for-the-first-quarter-2024-302146231.html

SOURCE SuperCom

/CONTACT: +1 212 466 4606

(END) Dow Jones Newswires

May 15, 2024 07:25 ET (11:25 GMT)

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TEL AVIV, Israel, May 15, 2024 /PRNewswire/ -- SuperCom ,  a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the three months ended March 31, 2024.First Quarter Ended March 31, 2024, Financial Highlights . -- Revenue increased by 8% to $6.9 million from $6.4 million.-- Gross Profit increased by 139% to $3.8 million from $1.6 million.-- Gross Profit margin increased by 123% to 55% from 25%.-- Operating Income improved by $1.8 million to $0.7 million compared to an. -- Operating Margin improved by 27.2 percentage points to 10.5% from. -- Net Income improved by $2.3 million to $0.8 million compared to Net Loss. -- SuperCom, through its wholly-owned subsidiary, LCA, won new project in. support individuals transitioning back into the community. The award is a. The project expanding LCA's existing day reporting and electronic. -- LCA secured a new E","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4157":"电子设备和仪器","SPCB":"SuperCom Ltd."},"translate_title":"新闻稿：SuperCom报告2024年第一季度创纪录的利润和400%的同比EBITDA增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPCB":1},"content_text":"---------  ----------- \n * EBITDA is a non-GAAP financial measure generally defined as earnings \n  before interest, depreciation and amortization and other non-cash or \n  one-time expenses . \n \n \n\n\n   View original content:https://www.prnewswire.com/news-releases/supercom-reports-record-profit-and-400-yoy-ebitda-growth-for-the-first-quarter-2024-302146231.html \n\n\n  SOURCE SuperCom \n\n\n    /CONTACT: +1 212 466 4606 \n\n\n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2024 07:25 ET (11:25 GMT)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435636127"}