SuperCom reports Q4 non-GAAP EPS 15c vs. 53c last year

Reports Q4 revenue $5.67M vs.$5.12M last year. “We are immensely proud of our performance in 2023, surpassing expectations and delivering record-breaking growth and profitability,” commented CEO Ordan Trabelsi. “Our expansion efforts globally yielded remarkable results, with annual revenue growth of 51% to a 5-year-record $26.6M 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 $4.8M, reflecting operating leverage and cost optimizations. This growth is a testament to our competitive edge and ability to secure significant contracts, such as the $33M national domestic violence project and other multiple high-value projects in Europe and California. 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”.