SuperCom Q2 Result Tops Consensus

August 10, 2021 3:15 PM | 1 min read

SuperCom Ltd SPCB reported second-quarter FY21 revenue growth of 2% quarter-on-quarter to $3.09 million, beating the analyst consensus of $3 million.
Margins: The gross margin expanded 230 bps to 57.6% as the costs declined 3.2% Q/Q.
The non-GAAP gross margin grew 220 bps to 60.4%.
The EBITDA margin expanded 60 bps to 22.1% as expenses rose 4.6% Q/Q.
Loss per share of $(0.04) beat the analyst consensus loss of $(0.10).
SuperCom held $10.9 million in cash and equivalents.
SuperCom continued to see momentum in its IoT Tracking segment as SuperCom's remote monitoring solutions addressed overpopulated prison issues, led to substantial cost savings, and reduced recidivism among offenders.
Price Action: SPCB shares traded lower by 1.67% at $1.18 on the last check Tuesday.