Revenue Update on Supercom Ltd(NASDAQ:SPCB)

Supercom Ltd(NASDAQ:SPCB) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Jul 6, 2016. Company reported revenue of $5.87M. Analysts estimated a revenue of $8.00M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.09.

Supercom Ltd (SPCB) shares turned negative on Mondays trading session with the shares closing down -0.03 points or -0.92% at a volume of 40,796. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.4. The peak price level was also seen at $3.4 while the days lowest was $3.22. Finally the shares closed at $3.24. The 52-week high of the shares is $12.31 while the 52-week low is $2.96. According to the latest information available, the market cap of the company is $50 M.

SuperCom Ltd. (SuperCom) is a global provider of traditional and digital identity solutions providing safety identification tracking and security products to governments and private and public organizations. The Company offers solutions for traditional and biometrics enrollment personalization issuance and border control services. The Company offers secure mobile payments ranging from mobile wallet to mobile point of sale (POS) using a set of components and platforms to enable secure mobile payments and financial services. The Company also provides radio-frequency identification (RFID) and mobile PureSecurity solutions suite accompanied by services for a range of industries including healthcare and homecare security and safety community public safety law enforcement electronic monitoring livestock monitoring and building and access automation. The Company’s Machine to Machine (M2M) solutions identify track and monitor people or objects in real time.

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