Added to YB: 2024-04-16
Pitch date: 2024-04-15
SPCB [bullish]
SuperCom Ltd.
-7.19%
current return
Author Info
@smantel is an ex-sell side analyst with a focus on fundamental research. Follow him on Twitter.
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
$38.7M
Pitch Price
$9.60
Price Target
1.60 (-83%)
Dividend
N/A
EV/EBITDA
8.69
P/E
9.83
EV/Sales
1.80
Sector
Electronic Equipment, Instruments and Components
Category
growth
SuperCom's Expansion Plans: Penetrating US Market, Launching Domestic Violence Solutions
$SPCB: IoT monitoring tech for house arrest, GPS, domestic violence, inmates, alcohol, rehab. $5.8M mkt cap, $41.4M EV, $11M run-rate EBITDA (3.8x EV/EBITDA) despite 68% YoY rev growth. Every 1x EBITDA = $0.55/share. $1.60 PT at 5x EBITDA. New mgmt driving shift to IoT monitoring, SG&A down 26%. Winning $50M/yr gov contracts, launching in EU & US. 43% lower re-offending in <30yo. 50-75% gross margins guided. US mkt 4-5x EU. Warrants at $0.45 & $0.85. Q4 catalyst soon.
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