Business
SuperCom Reports Revenue Growth and Record Profitability for the First Quarter of 2026
Record Gross Profit of $4.8 million, Record Operating Income of $1.2 million, Record EBITDA of $3.3 million; Revenue of $ 7.6 million and Non-GAAP EPS
About this update from Supercom, Ltd.
[{"type":"text","content":"Record Gross Profit of $4.8 million, Record Operating Income of $1.2 million, Record EBITDA of $3.3 million; Revenue of $ 7.6 million and Non-GAAP EPS $0.51TEL AVIV, Israel, May 14, 2026 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the first quarter, ended March 31, 2026.\nFirst Quarter Ended March 31, 2026, YoY Financial Highlights (Compared to the First Quarter of 2025)Revenue increased 8% to $7.6 million from $7.05 million.Gross profit increased 8% to $4.8 million from $4.5 million, an over 10-year record.Gross margin remained robust at slightly above 63%.Operating income increased to $1.23 million from $1.21 million, an over 10-year record.Excluding the extraordinary financial gains of $4.1 million recorded in Q1-25, GAAP net income surged to $1.33 million in Q1-26 from $0.1 million in Q1-25. These gains are related to conversions of debt to equity at negotiated premium prices of up to $43 per share in Q1-25.Excluding the extraordinary financial gains of $4.1 million recorded in Q1-25, Non-GAAP net income surged 155% to $2.78 million in Q1-26 from $1.1 million in Q1-25.EBITDA increased 32% to $3.34 million from $2.53 million, an over 10-year record.GAAP EPS was $0.24.Non-GAAP EPS was $0.51.Cash and cash equivalents increased to $11.02 million.Book Value of Equity increased to $45.6 million from $43.5 million at year-end 2025.SuperCom's electronic monitoring (\"EM\") technology quarterly recurring revenues in the U.S. increased approximately 88%, reflecting rapid expansion across the United States.SuperCom's electronic monitoring (\"EM\") technology Annualized Recurring Revenues (ARR) run-rate is accelerating, reflecting growth of over 180% from May 2025 to May 2026. Recent Business Highlights:Since mid-2024, SuperCom has secured over 40 new electronic monitoring (EM) contracts across the United States, including entry into 16 new states and 17 new partnerships with regional service providers. These achievements demonstrate SuperCom's continued expansion across the U.S electronic monitoring market and its growing ability to displace incumbent providers.On May 7, 2026, SuperCom secured four new direct county EM contracts in New York, displacement three incumbent vendors and expanding the Company's footprint to fi...