SuperCom Second Quarter 2024 Earnings: Beats Expectations

SuperCom (NASDAQ:SPCB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$7.55m (down 2.6% from 2Q 2023).
• Net income: US$2.19m (up from US$1.06m loss in 2Q 2023).
• Profit margin: 29% (up from net loss in 2Q 2023).
• EPS: US$1.20 (up from US$4.19 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SuperCom Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 9.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 6 warning signs for SuperCom (4 don't sit too well with us!) that you should be aware of.

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