GAAP net profit (loss) 2,189 (1,055)
Amortization of intangible assets 552 452
Foreign Currency Loss 153 378
Non-cash or one-time expenses 359 559
-------------- -------------
Non-GAAP net profit 3,253 334
-------------- -------------
Non-GAAP E.P.S. 0.09 0.07
-------------- -------------
Net profit (loss) for the period 2,189 (1,055)
Financial expenses (income), net (1,805) 397
Depreciation and Amortization 730 609
Foreign Currency Loss 153 378
Non-cash or one-time expenses 359 559
-------------- -------------
EBITDA * 1,626 888
-------------- -------------
* EBITDA is a non-GAAP financial measure generally defined as earnings
before interest,tax, depreciation and amortization and other non-cash or
one-time expenses.
SUPERCOM LTD.
----------------------------------------------------------------
CONSOLIDATED STATEMENTS OF OPERATIONS
----------------------------------------------------------------
(U.S. dollars in thousands)
Six months ended
----------------------------
June 30, 2024 June 30, 2023
------------- -------------
Unaudited Unaudited
------------- -------------
REVENUES 14,397 14,124
COST OF REVENUES (6,867) (10,276)
------------- -------------
GROSS PROFIT 7,530 3,848
------------- -------------
OPERATING EXPENSES:
Research and development 1,900 1,662
Selling and marketing 1,210 1,128
General and administrative 2,748 2,374
Other expense (income), net 570 405
------------- -------------
Total operating expenses 6,428 5,569
------------- -------------
OPERATING PROFIT (LOSS) 1,102 (1,721)
FINANCIAL INCOME, NET 1,443 (869)
------------- -------------
PROFIT (LOSS) BEFORE INCOME TAX 2,545 (2,590)
INCOME TAX BENEFIT 418 -
------------- -------------
NET PROFIT (LOSS) FOR THE PERIOD 2,963 (2,590)
------------- -------------
Net Profit (loss) Per Share 0.11 (0.66)
------------- -------------
SUPERCOM LTD.
Reconciliation Table of GAAP to Non-GAAP Figures and EBITDA to Net Income
(U.S. dollars in thousands)
------------------------------------------------------------------------------
Six months ended
------------------------
June 30, June 30,
2024 2023
----------- -----------
Unaudited Unaudited
----------- -----------
GAAP gross profit 7,530 3,848
Amortization of intangible assets 177 177
Non-GAAP gross profit 7,707 4,025
----------- -----------
GAAP Operating Loss 1,102 (1,721)
Amortization of intangible assets 1,065 983
Foreign Currency Loss 353 898
Non-cash or one-time expenses 639 788
----------- -----------
Non-GAAP operating profit 3,159 948
----------- -----------
GAAP net Loss 2,963 (2,590)
Amortization of intangible assets 1,065 983
Foreign Currency Loss 353 898
Income tax benefit (418) -
Non-cash or one-time expenses 639 788
----------- -----------
Non-GAAP net Loss 4,602 79
----------- -----------
Non-GAAP E.P.S. 0.17 0.02
----------- -----------
Net profit loss for the period 2,963 (2,590)
Financial expenses (income), net (1,443) 869
Income tax benefit (418) -
Depreciation and Amortization 1,497 1,307
Foreign Currency Loss 353 898
Non-cash or one-time expenses 639 788
----------- -----------
EBITDA * 3,591 1,272
----------- -----------
* EBITDA is a non-GAAP financial measure generally defined as earnings before
interest, tax, depreciation and amortization and other non-cash or one-time
expenses.
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View original content:https://www.prnewswire.com/news-releases/supercom-reports-record-profit-with-183-qoq-net-income-growth-and-eps-of-0-06-for-q2-2024--302223557.html
SOURCE SuperCom
/CONTACT: Phone number: 1 212 466 4606
(END) Dow Jones Newswires
August 15, 2024 09:00 ET (13:00 GMT)
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