The following is a summary of the SuperCom Ltd. (SPCB) Q1 2024 Earnings Call Transcript:

Financial Performance:

• SuperCom reported a record-breaking Q1 net income of $800,000, representing a year-over-year improvement of $2.3 million.

• The company's EBITDA increased by 400% year-over-year, reaching $2 million for the quarter.

• Gross profit grew by 139%, reaching $3.8 million.

• The company achieved a 55% gross profit margin, up by 123% from last year.

• The company posted positive EPS of $0.04 compared to a negative EPS of $0.32 in the prior year.

• SuperCom reported Q1 2024 significant revenue growth, achieving more than the previously estimated $5.7 million with actual total revenue of $6.9 million.

Business Progress:

• SuperCom secured more than 50 multi-year government projects since 2018.

• Launch of two new solutions, PureProtect and PureOne, expanded the company's addressable market.

• The company won project contracts in North America and other significant projects in Romania and Finland.

• Expansion into the U.S market and plans for strategic acquisitions.

• Significant R&D investments leading to the launch of advanced solutions.

• The company's technology has expanded into potential areas such as migrant monitoring systems.

• The shift of market focus from South America and Africa to U.S. and Europe for better payment structures and collections was completed.

More details: SuperCom IR

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