SuperCom Ltd., a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, has reported record financial results for the first quarter ended March 31, 2025. The company achieved a net income of $4.2 million, a significant increase from $0.8 million in the first quarter of 2024. Additionally, the non-GAAP net income rose to $5.24 million, up from $1.35 million in the previous year. The earnings per share $(EPS)$ were reported at $1.2, with a non-GAAP EPS of $1.5. Revenue for the quarter increased to $7.05 million, compared to $6.85 million in the same period last year. SuperCom also reported a record gross margin of 63.3%, up from 55.3%. Furthermore, the company's cash and cash equivalents increased to $17.1 million from $3.2 million at the end of 2024, and its working capital improved to $38.9 million, up from $22.5 million. The company highlighted its strategic financial agreements and operational leverage as key factors driving these achievements. SuperCom also noted the deployment of over 1,200 units in the national Israeli EM project and the successful raising of over $16 million in new capital. These efforts have positioned the company well for continued expansion, with a book value of equity increasing to $34.8 million from $11.7 million at the end of 2024.
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