SuperCom Ltd. has reported its financial results for the first quarter of 2025, showcasing significant growth in several key areas. The company's revenue increased to $7.05 million, up from $6.85 million in the same quarter of the previous year. Gross profit saw an 18% rise, reaching $4.5 million compared to $3.8 million in the first quarter of 2024. The gross margin improved to 63.3%, marking a 10-year record, up from 55.3%. Net income for the quarter surged to $4.2 million, a substantial increase from $0.8 million the previous year. Non-GAAP net income also rose significantly to $5.24 million, compared to $1.35 million in the first quarter of 2024. In terms of financial stability, SuperCom's cash and cash equivalents grew to $17.1 million from $3.2 million at the end of 2024. The working capital also improved substantially, reaching $38.9 million, up from $22.5 million at the end of the previous year. The book value of equity increased to $34.8 million from $11.7 million. SuperCom has made notable advancements in its business operations, securing over 20 new electronic monitoring contracts across the United States since mid-2024. This includes entry into eight new states and forming five new partnerships with regional service providers, demonstrating strong market demand for the company's technology.
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