SuperCom reported record financial and operational milestones for the full year ended December 31, 2024, achieving record revenues of $27.6 million, a 134% increase over 2020. The company also reported record EBITDA of $6.3 million and its first full year of GAAP profitability since 2015, with a GAAP net income of $661 thousand.
Gross margins expanded by nearly 10 percentage points year-over-year to 48.4%, and SuperCom maintained a streak of ten consecutive quarters of positive EBITDA. Non-GAAP net income reached $6.33 million, with non-GAAP EPS of $3.66.
The company's growth strategy bore fruit with over 20 new contracts and expansion into seven new states in the U.S., alongside new national domestic violence monitoring wins in Europe. A 32% reduction in outstanding debt and over $16 million in capital raised further strengthened the financial foundation for sustainable expansion.
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