SuperCom reports Q4 non-GAAP EPS 53c vs. (10c) last year

Reports Q4 revenue $5.1M vs. $3.0M last year. "2022 was a great year for SuperCom. We extended our business across Europe by winning significant new contracts…In 2022, our revenue from Europe reached $9.6M, representing 230% YoY growth. We’ve also been working hard to increase our business presence in the U.S., where we have continued to make progress towards our goals by launching our new proprietary PureOne product and by securing multiple project wins in California, Idaho, Texas, and Wyoming," commented Ordan Trabelsi, CEO…our strategic plan yielded positive results already in Q3 and Q4, as evidenced by the impressive YoY revenue growth of 102% and 69%, respectively. Furthermore, we were proud to return to positive EBITDA and achieve EBITDA of $0.4M and $0.77M in these two quarters, which resulted from targeted spending and high YoY increases in revenue…while the global electronic monitoring market growth was approximately 10% in 2022, SuperCom IoT revenues achieved a staggering 76% growth during the same period. This growth is a testament to the fact that the market prefers our solution over the alternatives".