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in competitive announced wins US super Throughout vendors proud project displacing be win XX% RFPs. the We're in we year, rate Europe. new European the over to many incumbent continuously and with
have many especially unstable volatility and uncertainty recession in to proud of market so contracts economic won due geopolitics. new to looming and the during We're period, such threat short
support possibility that recession multiple is had of growth. business recession in tailwinds and Our increases, resistant potential nature our the as we
recidivism costs. heard of describe overcrowding have prison factors include As roughly and XXX%, before, high global over of XX%, high many rates of me these you incarceration
the approximately equates people In US to the to keep US of over X.X incarcerated, billion XXXX, $XX population. which spent million X% nearly alone
reasons, others, to been alternatives technology to solution we address those turning PureSecurity have safety, global public For government a our solutions and the designed incarceration and trends. see those innovative ensure among trend growing of to to
enforce significantly an overcrowding while lowering institutions easing provides costs. way home effective PureSecurity prison and confinement, to for
confinement $XX GPS to to For offender at the example, $XXX cost facility. a total higher an $XX, approximately of much monitoring for the daily cost at monitoring compared is home correctional to or $XXX
offenders helping and their its home in importantly, to reduce lives been Most improve effectiveness communities. confinement shown has highlighting recidivism,
adoption growth which worldwide, protection solutions surge with of product, aligns witnessed drivers, victim our new of top launch of perfectly the plan these and On PureProtect. we strategic in a have our
winning Europe new processes. as awarded extended by During mentioned, presence the RFP which, past typically significant year, competitive are through we across contracts, our I
a XX years we now countries SuperCom business that the and increasing ahead. over across number Europe in forward look As result, in does to
the of award largest one Electronic per year to $XX year, of million, up XX,XXX includes the Romania Last at industry in month. valued for Project monitored offenders National which Monitoring
as expected years. this PureProtect violence domestic to to of security many part is -- Our of for project families over in six up the enhance solution
a planning a the a million. of follow-on this Europe violence in project, solution which order in the few we million for received initial contract, a them order other $X.X that have US also we launch launched follows Just and order $X.X under to We've over the weeks ago, soon. of are existing announced domestic regions second
monitored a Israel, to violence be there's for domestic project. ours. requiring offenders technology In potential new to pass law is government domestic like violence trying with The
one monitoring project year. national was We're Finland to business. PureSecurity the increase to last national project launched US suite. awarded our The electronic quarter million working by SuperCom's recent was of also first the -- most $X.X in been the of government deploy
Wyoming made multiple $X.XX in projects our contract California, good We're new project of called progress and California, goals in our Texas, wholly-owned -- Idaho, in Alternatives, proud valued subsidiaries quarter, at million. towards won Leaders in approximately our Community XXXX. to And fourth a have
counties services these electronic scope services adult the in services provided program The sites. expands for monitoring. jail-based and contracted to many of and several new has years, re-entry community-based include reporting including its LCA sites
reduction. abuse, risk job program The It management, launched case preparedness, already and also criminogenic of substance focuses on education, re-entry in QX services, including was XXXX.
the and step new strategy been Our wins in and already ones. with first potential activity market new existing strategic demos new company's for teams numerous US executing customers evaluations driven the have sales increased have expansion
with we customer as an also their local in a and electronic our before, there's monitoring acquisitions local it enhance service talked about And strong strategic and reputation respective to of opportunity base US markets. believe growth we providers
the constantly significant presence immediately value vertical market for integration that synergies. We generate expanding potential monitor by providing market acquisitions could
than LCA a been value great $XX with Our successful to new million, $X us strategic acquisition acquisition in in for proved be million XXXX revenues has which [Indiscernible]. wins of of California. has The project less generated in one-times over
over to now the financials. I'll turn
financial that previous discussed. our in mentioned contributions anticipated to call, QX we results projects I from our During conference we
a quarter. quarters This first share I'm revenue growth year-over-year year-over-year our and two follows $X.X the QX to delighted XXXX. recorded of previous revenue has remarkable the XX% QX from XXX%, that of in XXX% amounting million to growth and
in achieved our XX% XXXX. alternative. perspective, the grew approximately into XX% revenues a the solutions is growth IoT electronic the period market in fact the things during that XXXX, at put to To testament our a This SuperCom's monitoring global growth same market prefers over while staggering
this maintained in proud a positive Furthermore, we achievement. are have returned EBITDA to and successfully XXXX,
an consecutive For million and positive the revenue. we increases EBITDA EBITDA achieved significant $X.X more leverage, in from third operating resulted for XXXX, specifically, QX which we of year-over-year targeted and quarter, spending, achieved
profit Typically, higher was stages stage by Gross margins. expenses, This initial supporting goods, the launch phase with compared XX% is increases concurrent before. usually to increase the million resulted the $X.X advanced of new increased cost which to to from in gross of $X.X while yield mentioned million higher projects. project
our long-term was on short-term A portfolio gross in changes. profit growth project income indication decrease depending fluctuations of in increase potential on profit Cause stages. to and depending deployment gross an project composition
expenses $X.X managed revenue $X.X roughly QX to our million quarter. million. at by our increases, significant Despite to from maintain operating XXXX QX XXXX We per
grew our again, revenues roughly expenses business. same, operating million, operating assessing in the opportunities $X.X our once the while strong So, at inherent our stay leverage
existing in or be margins we XX% each additional the more. As bracelets rerun as deploy contribution on existing additional or regions our as high projects, bracelet for infrastructure, can
million a improved Our of XXXX to in net to QX in $X.X XXXX. loss compared million QX loss $X.X a income
and million. launch equivalents, facility at The projects our restricted credit to Our $X.X continue the as reduced in we cash, balance on was and progress of place existing need --. cash for cash XXXX is and cash new end
in invest business will sales and as expand to We marketing our in our execute and as R&D our well drive to revenue footprint, plan. growth, global continue
growth our about year-over-year third excited well-positioned continued us. revenues for growth we are we're for by the high growing products. in seeing for We're that about opportunities quarter experiencing before closing, we're and and consecutive very on the In believe many the capitalizing demand growth
the factors, electronic public monitoring by shift presence are reputation strong industry, driven growing instead markets, nature policy including European to countercyclical the and of of monitoring the our These US being and multiple incarceration. in
growth our in preserving commitment a as and we Europe, We invest the by US expanding remains steadfast foundation growth to advantage, further robust technological in market share to our areas. and anticipate these a sustained continue
turn questions. that, Operator? call the over to to with operator I'll open And for
