SuperCom Reports Third Quarter 2015 Financial Results

SuperCom (SPCB), a leading provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, today announced its results for the third quarter and nine months ended September 30, 2015, completing the preliminarily-announced results on November 30th, 2015.

First Nine Months 2015 Financial Highlights Compared to the First Nine Months of 2014

  • Revenue was $21.2 million compared to $21.5 million
  • GAAP operating income was $ 4 million compared to $7.3 million
  • Non-GAAP operating income was $6.4 million compared to $8.6 million
  • EBITDA was $6.6 million compared to $8.7 million
  • Non-GAAP EPS was $0.43 compared to $0.63

Third Quarter Financial Highlights Compared to the Third Quarter of 2014

  • Revenue was $5.7 million compared to $9.1 million
  • GAAP operating income was $72,000 compared to $3735,000
  • Non-GAAP operating income was $1.0 million compared to $4.1 million
  • EBITDA was $1.1 million compared to $4.2 million
  • Non-GAAP EPS was $0.06 compared to $0.30

"As we already expressed on November 30th, 2015, we faced a number of challenges during the third quarter but the underlying fundamentals of our business remain strong," commented Arie Trabelsi, SuperCom´s President and CEO. "Recent international events have put a renewed focus on the importance of global security, border control and secure verifiable identification. Countries around the globe are facing well-documented challenges related to border security which reinforce the need for more advanced identification around the world."

Mr. Trabelsi added, "Strong market demand, our growing array of innovative technology offerings and solutions, and our valuable pipeline of opportunities gives us confidence in implementing our business plan for 2016 and beyond. We continue to believe the company´s shares remain undervalued, and we will continue opportunistically repurchasing shares under our current buy-back program," Mr. Trabelsi concluded.