SuperCom reports Q2 non-GAAP EPS 49c vs. 9c last year

Reports Q2 revenue $7.14M vs. $7.5M last year. “We’re pleased to report record first-half results, with GAAP net income of $5.32 million-approximately 80% higher year over year-and first-half gross margin of 61.2%,” commented Ordan Trabelsi, CEO. “Operating profitability also improved significantly, with first-half operating margin more than doubling to 16.3%, and Q2 operating margin tripling to 15.4%. In addition, we expanded into new geographies and deployed more units within existing projects…Together, these initiatives broaden our recurring revenue base and underscore our ability to displace incumbents with our PureSecurity technology. In recent years, we have invested significantly in establishing our presence in Europe, where we won over 15 nationwide EM projects with a historical RFP win rate surpassing 65%…We are encouraged by the momentum across the U.S., Europe, and other regions, and we remain committed to disciplined execution and expanding our global footprint. Supported by strong financials and growing recurring relationships, we continue to advance our public-safety mission and deliver value to our stakeholders”.