Added to YB: 2026-04-30
Pitch date: 2026-04-29
SPCB [neutral]
SuperCom Ltd.
Author Info
SpruceHill Capital is a value investor with a focus on illiquid small and micro cap stocks. Sign up for the newsletter.
Company Info
SuperCom Ltd. provides traditional and digital identity, Internet of Things (IoT) and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide.
Market Cap
$41.0M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.11
P/E
10.42
EV/Sales
1.89
Sector
Electronic Equipment, Instruments and Components
Category
value
SuperCom 2025 Results
SPCB (earnings): Q4 rev +18.4%, FY25 rev +1% YoY (flat due to Romania contract rolloff); excluding Romania, underlying rev +40% YoY driven by Israel national contract (Nov'24), not US as expected. Non-GAAP NI $11.2M, EBITDA $9.4M vs $40M mcap. US segment 34 contracts won but minimal FY25 contribution due to 3mo lag, daily fee model (not front-loaded), small initial deals. High $25M receivables from cost-based accounting on govt contracts; mgmt confident on collection, $2M Africa write-down. US expected to be largest segment going forward.
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