SuperCom, a leading provider of secure solutions for e-Government, Public Safety, HealthCare, and Finance sectors, announced its results for the quarter ended March 31, 2015.
SuperCom, a leading provider of secure solutions for e-Government, Public Safety, HealthCare, and Finance sectors, announced its results for the quarter ended March 31, 2015.
Financial Highlights of the First Quarter of 2015 Compared to the First Quarter of 2014
- Revenue increased by 45% to $7.7 million compared to $5.3 million
- GAAP operating income increased by 91% to $ 2.6 million compared to $1.4 million
- Non-GAAP operating income increased by 77% to $3.1 million compared to $1.8 million
- EBITDA increased by 76% to $3.1 million (40% margin) compared to $1.8 million (33% margin)
- Non-GAAP EPS increased by 77% to $0.23 compared to $0.13
“We executed well in the first quarter and maintained strong margins while growing the company according to our business plan,” commented Arie Trabelsi, SuperCom’s President and CEO. “In addition to generating strong year-over-year revenue and earnings growth, we continued to advance our long-term growth strategy, and made significant progress towards strengthening and expanding our solution offerings in our fast growing target markets.”
"During the quarter, we have started to integrate our suite of secure payments solutions into existing e-ID contracts and continue to actively pursue large opportunities with organizations around the world,” Mr. Trabelsi added.
“We are increasingly excited about our pipeline of opportunities, which continued to grow as we advanced a number of important tenders during the quarter. In the M2M(IoT) arena, more and more government agencies and organizations in the Americas, Europe, and Asia have selected and decided to adopt SuperCom’s Electronic Monitoring solution, creating brand recognition and driving growth in our pipeline, " Mr. Trabelsi concluded.