Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Electronic Intelligence Solutions SuperCom Announces Third Quarter Success

SuperCom_logo

SuperCom Ltd, an Israeli provider of Electronic Intelligence Solutions for e-Government, Public Safety, and HealthCare, announced its results for the third quarter of 2014. The company has a lot to be happy about compared with the results for the same period last year.

It revenue increased by 352% to $9.1 million compared to $2.0 million last year. GAAP operating income increased by 672% to $3.7 million compared to $0.5 million last year and Non-GAAP operating income was $4.1 million compared to $0.5 million last year.

EBITDA was $4.2 million (46% margin) compared to $0.5 million (25% margin) and Non-GAAP earnings per share were $0.30 compared to $0.05 last year.

Supercom also announced that so far this year it received new contracts totaling $57 million in value. It also boasted the “seamless integration” of the SmartID division into SuperCom, the Introduction of the enhanced PureSecurity Electronic Monitoring Suite, which the company says gave it a strong position in the M2M and IOT (Internet of Things) space, as well as the introduction of the new mobile payments suite, m-Pay, including the SuperPOS, PureMoney, SuperPay, and SafeMoney solutions.

Another highlight for SuperCom was the new implementation of Biometric e-Visa, e-Gate, e-Passport, and Resident Identification Systems to enhance national security while stimulating economic growth. The company also cited its strategic hires for the management team that it says are increasing its international capabilities.

“We are very pleased to report three consecutive quarters of strong growth in our revenues and EBITDA. Keeping tight control over our cost structure while growing revenues has allowed us to not only increase our operating margins, but also invest more in R&D. This, along with growing market demand, an increasing number of ongoing contracts around the world and an expanding pipeline gives us confidence in implementing our business plan for 2015 and beyond, ” commented Mr. Arie Trabelsi, President and CEO of SuperCom.

He added, “I am very proud of the performance of our growing R&D and sales teams, which are developing innovative next generation product lines and deploying them effectively into the growing e-Government, M2M, IOT, and payments markets. Our operations and support teams have also continued to perform exceptionally by increasing operational efficiencies while strengthening our relationships and improving customer satisfaction.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement
cialis cialis satış