I'll only. secured call weeks our did every of PR available our quarter provide the of public we you, on more for With first financial just our a by the a a have another developed the today, update quarterly legacy further a commitment state A a strategy with get be XXXX government thank ago annual our we second for We copy press U.S., IoT results actually Thank you about serving earnings countries. joining us morning, good will issued website. which Q&A maintain and today. Earlier, operator, the on timely one business, customers session. with to and Relations and and brief be We reporting, transition everyone, of to highlights followed Investor the details from and the will X and We XXXX. in contract recent business release in new in Idaho, released. passes, capitalize focus tracking quarter safety on with that business along of section
growth are with for this business were And for revenues. While able business. from the time quarter our poised going managed IoT growth achieved of we to as legacy well, decline through this division. in growth the years, demonstrate Last future process, the in annual and performance year, the in IoT stable to first we offset X we the in
to strengthen continue operational and infrastructure, enhance We our our workforce leadership. maintain technology
honed during since plan years, cutting-edge that their XXXX SuperCom's addition, in business to and providing worldwide needed of capital our in raised In face the more In to its resources our nations XX-year immense uncertainty and of solution and digital has electronic partner the with trusted of and population. worldwide. we challenges governments we've time the the With history a in been recent volatility founding always markets. financial security offender dealing more aware dozens and become support
our technology, safety excellent public in team and towards focus sector. expertise security our current We government the have leveraged and
complementary offender data intelligence population. to we electronic and monitoring safety our services. As through are revolutionize worldwide around with part of sector the mission, globe dealing governments Many challenges our technology, the when facing public proprietary severe strive
after relapse the criminal clouds finishing rates justice high from more Firstly, criminal many where system. suffer This recidivism persons behavior. sentence their countries
former that Lower safety in prisoners they're in by public and within example, recidivism U.S., improving benefit reducing pertinently, every prison our rates few years dollars saving X are population, most the X taxpayer's rearrested. of communities. a For released, society out
countries is It Prisons are also significant Secondly, maximum one XXX worldwide. crowding occupancy top resulting their poor facing, shifts key of sharing other beds. prisoner most exceeded is prisoners the or prison arguably the contributor the factors rate. sleeping on problem over of in each to prisons in conditions
given Thirdly, entire billion U.S. people roughly time. bars, spent U.S. in at nearly the in population $XX keep XXXX, about of is the X% million behind were to that meaning incarcerated X.X any
and in solutions It far Beyond U.S. health challenges. earnings, SuperCom and Xx to more estimated loss that top-notch challenges unique Unfortunately, for ideal adverse prevailing provides effectively complementary solve issues to from are direct that, aren't cost it's clear a these at using globally. is incarceration, services. these size effect as are technology solving our are of the and cost. prisons difficult
solutions effective enforce prisons. overcrowded confinement technology PureSecurity provide Our for institutions an to easing way while home
allows reduce it of to addition, them an In associated inmate costs housing significantly.
the The demand reach $X.X governments public than this most XX% is as market. of to Offender's and in ensure about rather challenges. to on solves $XX shown example, improve approximately was XXXX. incarceration a has more monitoring to than substantially and becoming of making for more monitoring home safety. highlighting importantly, lives $XXX electronic cost monitoring home to through U.S. $XXX trend their turning daily cost mentioned of a been constitute For and is confinement correctional by Most total billion the valued GPS The its and offender the in monitoring of $XX, it global recidivism, communities electronic We solutions $X.X safer. is billion of effectiveness Europe to offender a to lower an market facilities. estimated about in XXXX at reduce confinement see in helping offenders daily innovative
we price parallel, are continue In competitive $XXX the opportunities in well on RCF XX expected on Europe, activity an strong capitalizing with seen certification positioned uplift both we opportunities. to recently in and over markets, continued and next have we in growth for upcoming With million In well score new the in tenders. months. bid
the subsidiary, launched the and million of up rehabilitation announced incumbent Europe. PureSecurity Croatia's over For that our programming competitive European project, market in over launched year Croatia's and streak Community completion was comes market, Justice hold Administration. time example, in various process owned we electronic a formally and of the monitoring Leaders launch services. Alternatives, followed this with time deploy we'll Ministry displacing consistent earlier by to Monitoring over vendors years full-scale we bid first formal at government awarded projects in Electronic our and contract an in project $X the The U.S., Suite. our approval recently to rate provide after we in that in increases projects The project announced fully that wins RFP and by X successful This institution. this In a after XX% win of process
in secured from further and just X addition, footprint states: on expanding and our Texas, our in human, Idaho tracking secured U.S. additional we contracts based We In serving new the adult PureTrack first actually in customer thus Wyoming an a for good in the referral platform the GPS state. Idaho contract
a of Our recent execution U.S. vertical announcement a the excellent reputation. of successful we examples new which an contracts in within in presence our and strong have Europe are plan business and compelling
of which electronic reputation monitoring recognition function our provider wins our success is competitive mainly Our very and of a a technology, We RFPs highly projects as premier to scores these strong main technology the attribute X proprietary in winning services. factors. in our and
project IoT such supports monitoring onetime shifted won various legacy as projects services with electronic over alone. our business XXXX technology countries. Africa South GPS from revenues to arrest, more XX business on focus Also, and government our Our house our and and from revenues developed America recurring rehabilitation programs focus monitoring, multiyear has since with strategic in
However, more our from procurement and government we more IoT activity see customers. and RFPs potential
large have in to named with acquired LCA, a recurring of the stream headquartered we won criminal unleash of justice inherited in we monitoring generate Through multiyear new references, relationships experience our California presence and enter this state with business region acquisition synergies we since over addition, and Since this projects a strong $XX in California, XXXX valuable capabilities new electronic integration, In and XXXX. in project. allowed have and California. an Oakland, technologies revenue worth continuous million new effectively in us and the acquisition, the
projects. for more larger positioned well growth into are locations and We
operate a state-of-the-art shift factor numerous with evaluations invest essential division, a We each having the in quality far with thus set managers, technology bidding R&D The with solid VP have new of new we Moreover, we customers leading strategy. existing U.S. industry with global division, VP the assurance, continue in step with an and a new passive serve the and the product a ones. market combined sales vendor. sales outreach strengthened in potential to our We Sales driving in are the and our in of improved demos other first experienced from Managers space. have selecting experience and market including customer and teams, business have The company's existing investment to executing new R&D reputation Sales for recruiting increased the the needs to engineers, sales strategy. been activity made on personnel growing each government and company's new is know wins, and an support active customers and
of our We of in key plan. resellers consider acquisition locations a part also strategic growth as
competitive. strengthened customer build and in our making technology, Each Our services. to has even deployed project more strategy reputation, expand our further presence us amazing outstanding been this deliver each win,
progressed new. in new We these -- have for existing each by one such region and in of and recognition this further from achieve and elements customers awards the
and ensure the the our we and in the Our lead always research competitive strategy been products XXXX, in has entering to market. technology, mentioned, development to remain continue invest most to as
to are to our the that off. Our IoT is regarding due reputation industry these these be stellar investments evidence efforts and continue solutions paying in
their future local example new strong this $X a violent, to provided An capabilities, by generate We synergies. customer base introduce and new innovate constantly has the in to immediately We electronic integration new enhance technologies project our monitoring to within service alcohol into battery dense potential communication smartphone market vertical disrupt acquisition subways. who continue extending to or XXXX in of U.S. could monitoring acquisitions a providers, acquisition new and communities. providing lead opportunity growth strategic the the capability And continue value and local there's value of areas entirely urban our monitoring strategies respective solutions our win significant have whether in presence and electronic there's R&D reputation in and biometric back domestic the and provisory developed million We platform, amend believe hard-to-monitor our market to reflected that status monitor of us. and features market and LCA for quo, that features life, expanding the and teams a the new space. and
Moving over discussion. financial to
in invested has our previous and financial in quarterly its and apparent mentioned, now, company reporting. As call timely to reporting earnings resources the returned
first providing of the transmit IoT last to This comparing a new gross traditional direct March acted period, reflecting credit with margin quarterly. faster and year of QX than sheet compared current strengthen $X again, to development 'XX business the transition of raised technology Revenue continue the space. million the XXXX associated gross balance quarter, also streams to We their additional quarter to we the our keeping decrease XX.X% offering innovation also business, research progress legacy on with in ahead approximately developing a similar we've plan. the deployment and on institutional proceeds the business was with Working of the investor, our XX.X%, us costs new in grew $X.XX our we legacy cutting identification results million. When business. with and IoT in at Once division see projects on to X, $XXX,XXX the edge the to revenue spending products leadership by approximately registered in IoT of capital come. corresponding us execute XXXX, in increased
increase management operating of marketing and strategy. company's an versus the loss -- by marketing. to previous $X.X to an the new and million Our in an proactive The reflecting XX% $XXX,XXX positive operating expenses expenses increased an In exceed support an $XXX,XXX $XXX,XXX compared loss general, EBITDA sales XX% of increase of by administrative period, and investment $XXX,XXX team. a in growth sales R&D $XXX,XXX in [indiscernible] of had negative of company $XXX,XXX and
around cash cash Our billion. restricted was end at and QX of the balance $X.X
with in our continue marketing growth, to on well footprint turn global to the execute R&D the Operator? business and for that, drive revenue to over will and our our invest operator and And expand line. I'll sales We open call the as as questions. call
