Earnings ·
SuperCom reports Q2 revenue of $15.7 million, up 11%, as net income falls 54% to $2.4 million
SPCBSuperCom Ltd
SuperCom Ltd filed its unaudited condensed consolidated financial statements for the six months ended June 30, 2026. Revenues increased 11% to $15.7 million from $14.2 million in the prior year period, driven by a $2.8 million rise in IoT segment revenue. Gross profit grew 12% to $9.7 million with a margin of 62%. Operating expenses rose 19% to $7.6 million due to increases in sales and marketing, R&D, and G&A. Net income decreased 54% to $2.4 million from $5.3 million, primarily due to a $3.7 million unfavorable change in financial results stemming from the absence of a prior-year debt conversion gain and higher operating costs. The company reported an accumulated deficit of $100.1 million but maintains positive working capital of $29.5 million and cash reserves of $7.4 million, citing sufficient liquidity for at least 12 months. SuperCom Ltd operates in the technology industry, providing digital identity solutions, IoT connectivity products, and cyber security services to governments and private organizations.