Strong Financial Performance
Revenue increased to $7.05 million, up from $6.85 million, driven by new contract wins and continued expansion across the U.S. and Europe. Gross profit increased to $4.46 million, a 17.8% increase from $3.79 million last year. Gross margin improved significantly to 63.6% compared to 55.3%.
Technological Advancements and R&D Investments
SuperCom invested over $40 million in technology platforms, achieving a win rate of approximately 65% in competitive tenders in Europe. Integration of AI-driven analytics and improvements in battery life and GPS tracking capabilities were noted.
U.S. Market Expansion
Since mid-2024, SuperCom secured over 20 new electronic monitoring contracts and entered eight new U.S. states.
Debt Reduction and Improved Cash Position
Long-term loans were reduced to $24.2 million from $34.3 million last year. Cash and cash equivalents increased to $17.1 million from $3.2 million at year-end 2024.
Significant Contract Wins
Secured a multi-year national contract with the Israel Prison Service and continued expansion in Romania and other European countries.