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SPCB

SuperCom Ltd.

SPCB

SuperCom Ltd. • NASDAQ
$9.27 ▼ -0.16% (-0.01)
Market Cap $43.42 M
52w High $18.95
52w Low $3.08
Dividend Yield 0%
P/E -0.21
Volume 18.98K
Outstanding Shares 4.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.224M ▼ $3.012M ▼ $691K ▼ 11.102% ▼ $0 ▼ $1.527M ▼
Q2-2025 $7.14M ▲ $3.026M ▼ $1.095M ▼ 15.336% ▼ $0.32 ▼ $1.989M ▼
Q1-2025 $7.048M ▲ $3.245M ▼ $4.225M ▲ 59.946% ▲ $1.5 ▲ $2.062M ▲
Q4-2024 $6.619M ▼ $3.866M ▲ $-1.151M ▼ -17.389% ▼ $-0.54 ▼ $15K ▼
Q3-2024 $6.911M $3.032M $-443K -6.41% $-0.24 $828K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.532M ▼ $67.847M ▲ $27.055M ▼ $40.792M ▲
Q2-2025 $15.42M ▼ $65.479M ▲ $28.228M ▼ $37.251M ▲
Q1-2025 $17.133M ▲ $63.674M ▲ $28.909M ▼ $34.765M ▲
Q4-2024 $3.538M ▼ $45.924M ▼ $34.227M ▼ $11.697M ▼
Q3-2024 $6.576M $48.766M $35.421M $13.345M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $1.095M ▼ $0 $0 $0 $0 $0
Q1-2025 $4.225M ▲ $0 ▲ $0 ▲ $0 ▲ $0 $0 ▲
Q4-2024 $-1.151M $-172.5K $-1.082M $-24.5K $0 $-665.999K
Q3-2024 $-1.151M ▼ $-172.5K ▼ $-1.082M ▼ $-24.5K ▼ $0 $-665.999K ▼
Q2-2024 $2.189M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement SuperCom looks like a very small, project‑driven business that has been hovering around the break‑even line. Revenue has inched up over the last few years, but not dramatically. Gross profit suggests the core solutions can be high‑margin, but overhead and other costs have largely eaten that up, leaving operating and net income close to zero or slightly negative in most years. The very large swings in earnings per share mostly reflect changes in share count and reverse splits rather than big changes in the underlying business performance. Overall, this is a company with modest scale, trying to move from chronic small losses to consistent, sustainable profitability.

Balance Sheet

Balance Sheet The balance sheet is thin, showing a very small asset base and limited financial cushion. Cash levels are low, and debt makes up a meaningful part of the capital structure, while equity has only recently turned more clearly positive after being very slim for years. That pattern usually points to past losses and recapitalizations. While there are signs of gradual improvement—slightly higher assets and somewhat lower debt—the company still looks financially fragile and reliant on careful cash and debt management to operate comfortably.

Cash Flow

Cash Flow Cash generation has been weak and inconsistent. Operating cash flow has been around break‑even, sometimes slightly negative, which means the core business has not yet demonstrated strong, self‑funding characteristics. Free cash flow has generally been a little negative, although capital spending needs appear very light, consistent with an asset‑light, software‑ and services‑oriented model. The downside is that even modest shortfalls in cash flow can matter a lot, so the company likely depends on new contracts, working capital management, and external financing to stay flexible.

Competitive Edge

Competitive Edge SuperCom operates in a narrow but important niche: electronic monitoring and digital identity systems for governments. Its moat comes from long experience with public‑sector projects, proprietary platforms, and the trust required to handle sensitive national ID and offender‑monitoring work. Winning government tenders and securing multi‑year contracts can create sticky, recurring revenue and high switching costs for clients. At the same time, the company competes against larger, well‑funded rivals and is exposed to slow bidding cycles, regulatory shifts, and the risk of relying on a relatively small number of major contracts. In short, it has a focused but vulnerable competitive position: strong where it has contracts, but with limited scale and bargaining power versus bigger players.

Innovation and R&D

Innovation and R&D The business is heavily built around its own technology, with notable platforms for electronic monitoring (PureSecurity) and e‑government identity systems (Magna). These integrate hardware, software, connectivity, and increasingly AI‑driven analytics. SuperCom’s emphasis on long battery life, multi‑channel location tracking, and modular, cloud‑based management tools is a real differentiator in its niche. The long history of R&D investment and patents supports the story of a technology‑led company. The key question going forward is whether it can keep funding meaningful innovation at its current small scale and convert that R&D into a steady stream of new, profitable government contracts.

Summary

SuperCom is a tiny, specialized security and digital‑identity provider with sophisticated technology but a very modest financial footprint. The income statement shows a business that has struggled to move much beyond break‑even, while the balance sheet and cash flows point to limited financial buffers and a reliance on disciplined cash management and contract wins. On the positive side, the company has carved out a niche with governments, built a portfolio of proprietary platforms, and enjoys high switching costs where it is entrenched. On the risk side, scale is small, financial resilience is limited, and the customer base and tender pipeline can be lumpy and unpredictable. Future outcomes will largely depend on its ability to secure and execute new long‑term government contracts while keeping costs and cash usage under tight control.

NEWS

November 19, 2025 · 9:52 AM UTC

SuperCom Wins First State-Level Department of Corrections Contract in the United States, Marking Major Milestone in Nationwide Expansion

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November 17, 2025 · 9:11 AM UTC

SuperCom Wins New EM Service Provider Contract in Missouri, Displacing Incumbent

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November 13, 2025 · 9:15 AM UTC

SuperCom Reports Record Net Income of $6 Million and Non-GAAP EPS of $2.17 for the First Nine Months of 2025

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November 6, 2025 · 9:07 AM UTC

SuperCom Expands Alabama Footprint with Two New Contracts in the State

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November 3, 2025 · 8:30 AM UTC

SuperCom to Report Third Quarter 2025 Financial Results on November 13, 2025

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