Apr. 10 at 1:45 PM
$SPCB ´s earnings call...
Excerpt
We achieved revenue of
$27.6 million a record over the past seven years and a 134% increase from our 2020 revenue low highlighting, a four year growth trajectory in successful execution (ph) across our markets. Gross profit increased 31% year-over-year to
$13.4 million, reflecting a favorable revenue mix of more later stage projects and continued scale efficiencies. Gross margin expanded to 48.4%, up nearly 10% points from 2023 and our strongest level since 2021. We also reported positive GAAP net income of
$661,000 compared to
$4 million net loss in 2023, representing our first full year of GAAP profitability since 2015 and a nine year record net income.
https://finance.yahoo.com/markets/stocks/articles/supercom-spcb-q4-2024-earnings-131425607.html
