Record Revenue Achievement
SuperCom achieved record revenue of $27.6 million for 2024, marking a 134% increase from the 2020 revenue low. This represents the highest revenue level since 2017.
Positive Net Income
SuperCom reported positive GAAP net income of $661,000 in 2024, a significant improvement from the $4 million net loss in 2023, marking the first full year of GAAP profitability since 2015.
Expansion in U.S. Market
SuperCom expanded its footprint in the U.S. with more than 20 new contracts secured since mid-2024, entering states like West Virginia, Maryland, New York, and others.
National Israeli Electronic Monitoring Project
SuperCom secured the prestigious National Israeli Electronic Monitoring project, displacing a long-standing incumbent and showcasing its technology on a national scale.
Significant Reduction in Operating Cash Use
Operating cash use was reduced to $1.3 million in 2024 from $9.4 million in 2021, marking an 85% reduction over three years.
Debt Reduction and Financial Strengthening
SuperCom reduced its total outstanding debt by 32% from over $34 million to approximately $23 million, achieving a reduction of more than $11 million in just over a year.