second everyone, of you, issued Earlier the this financial XXXX. for a our and morning, press Good Thank quarter operator. joining morning, for results we you thank us today. release on
at our can the You of Relations website supercom.com. in find a copy section Investor
followed business a start strategy I'll Q&A Today, comments results, brief our with my by highlights on a and QX update recent session.
positive delighted quarterly of growth reaching year-over-year consecutive an and for a staggering of increase, of quarter year-over-year XXX% $X.XX. remarkable non-GAAP $X.X our to five-year was making a one fourth quarter second record EPS and number outstanding announce The positive million revenue EBITDA. We're revenue of SuperCom,
the to continue project and our products market. we services new and execute pipeline introduce to As
ahead. I'll we few and excited in details the go U.S. see a year, Europe, important more contracts moments. won about past opportunities the we're and we into During several in the
public safety data complementary But to first, for proprietary technology, new services. those through and worldwide mission, it electronic revolutionized monitoring SuperCom, SuperCom intelligence,
since For partner over we've to solutions. cutting-edge of providing electronic in XX governments XXXX, digital years and been our national a founding a experience security worldwide, dozen trusted
secured has our top-notch services, support expand various arrest, key governmental following project One, our with technology, projects services. been proprietary successful violence competitive multiyear $XX as scores programs over the XX to million rehabilitation outstanding at strategy monitoring, by and our valued prevention, GPS approach and government XXXX, with Our deliver wins lead develop has more. tenders, technology in solutions, electronic domestic XXXX to house new presence This SuperCom such highly and monitoring alone. driven proven in factors. over
also rate. the our technology strengthens our position. services Second, focus electronic strategic our create premium recognition contribute on our provider of Each IoT management as strong developed monitor opportunities win a in competitive customer project And tracking and to and and our new win to attention and application countries business it. with deployment further third,
billion $X.X million there's XX activity to from past in increase an by market about opportunities been in these months. billion and electronic monitoring tender XXXX. of U.S. over up Europe, constituted the project In reach in The XX% is with markets. government estimated in $XXX bid $X.X The XXXX, Europe in
brand-new continuously deployment successful competitive for in growing development remain opportunities invest to two and XXXX. pipeline, of business QX, the recurring led we These over in efforts features proprietary PureProtect, to successes to ensure new and a market, SuperCom revenue with technology and These In have the most XX% our and resulted or introducing in R&D solutions, products continue platforms. PureOne.
services. and enhances monitoring life-saving violence the issues including addresses further rigorous projects PureProtect successfully domestic $XX and multiple innovative a underdone solution project. violence million and has of EM solution. Romania's This is domestic company's is in implemented been products PureProtect testing portfolio
a device. battery precision, with remote GPS capabilities slightly bracelet state-of-the-art monitoring, PureOne, and a designed The integrate single second high an life, tracking is all-in-one future-proof charging, ankle monitoring longer a to features. into solution comprehensive
offers PureOne This expect to a We've company's rapid and our expansion solutions efficient into the The U.S. the very addressable also product SuperCom and expands monitoring more traction market. of the of electronic facilitate help newer effective them with the reception market. been pleased solution. and early
not team We outreach sales from operational Furthermore, also bidding but growth. in SuperCom's recruiting shifting advantage supports passive strategy. a efforts technological we to by invested infrastructure. enhancing its global with the sales only industry, its active It bolstered new maintain company's an
the the U.S. past in rate over new vendors continuously many has -- wins European the with months, throughout XX and competitive announced an projects XX%-win incumbent past So, SuperCom in displaced tenders. Europe. we
notable economic recession These potential volatility geopolitics. caused and achievements and are market particularly given the uncertainty unstable
such as overcrowding high prison soaring XX%, alone in in However, to nearly just to XXX%, of billion X.X to rates which due SuperCom good U.S. billion recession-resistant is costs parts, alone. of a recidivism factors be keep the mentioned, $XX equates XXXX, nearly candidate and incarceration of X.X% to population. In entire the approximately in roughly of a over over the U.S. U.S. the I people million $XX
to an global designed ensure security of each innovative recoding technology offering pure incarceration safety. a for among to others, of trend, have growing cost enforce address and public government effective confinement, and to to we solutions way company's The significantly. alternatives prison institutions this to reasons, these home turning suite For lower trend see been
is has our much Offender effectiveness $XXX to compared cost to of highlighting and on been Most importantly, the a Home monitoring confinement GPS example, correctional $XXX improve $XX in facility. at communities. their a For total confinement reduce offenders higher to daily for to recidivism, costs monitoring helping lives approximately $XX shown on its Home
the witnessed long-term solutions, in and adoption of plan new which top Pure we with of have drivers, our solutions growth victim worldwide, surge product Protect. On strategic these a perfectly lines protection
XX And European through government nitrate countries project National the in May into Finland awarded the products, which In was expanded offender secure new significant million with typically business covering house a by loss SuperCom XXXX, XXXX. Finland tender are fully processes. arrest, program, monitoring. market, the and PureSecurity in QX SuperCom inmate competitive EM over all deployed in and its GPS, national $X.X
the Notably, won award year the largest Romania. industry electronic company for national in the project monitoring a of
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the domestic violence week, potential in a U.S. for law ours. this We've them has a passed just with European regions high plan and there as to be as domestic also violence domestic offenders requiring to advances the the our is launched In new Israel, in launch our solutions violence technological too. monitored government program such
we markets already U.S. multiple expanding presence U.S. praise actively SuperCom this has and live on does in Although It's successfully in is in of and are during our PureOne actively PureOne been today. the U.S. geographies. in The into already expansion deployed further for the business focused received monitor prioritize new the company states, utilized introduction strategically regions high various offenders to
cell America. Europe of markets outside promising new Moreover, commenced in QX and North activities have
through existing and strategy new in executing and wins Our step with have of new customers company's expansion potential the numerous and increased first activity strategic with monitoring we our local U.S. strong before, demos we market there's U.S. have ones. in customers the acquisitions team And their been to valuations respective imputation providers also service strategic driven already sales and new enhance believe markets. opportunities growth local as about of electronic and a talked
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great a of LCA million acquisition Our in for is example. $X XXXX
successful margins acquisition to with generated to technology The since our a operational LCA's of be proven new over great alone California and acquisition of wins efficiencies has and operational into operations. $XX value through has the million improvements project introduction in
turn I'll now the to financials. over
revenue year-over-year contribution I During of second revenue were in that manage next our a first results revenue from our mentioned delighted that XXX%. $X.X discussed. growth. the share the we consecutive record in a our marking projects growth I'm quarter of conference quarters previous five-year the financial to I we call, has to remarkable a high of million recorded the quarter, year-over-year anticipating
our increased growth to electronic primary growth million global while approximately market the things by in our per outpacing XXX% XX year, perspective, the of into at growth market a XXx. by past achieved Twelve-Trailing-Month the the with monitoring being division grows put year-over-year revenue over To XX% Moreover, XXX% over SuperCom, months, multiple revenues IoT engine. $XX.X staggering IoT global
over resulted which in high in we $X.X solution of the the testament from fact market our of a XX-month spending to in Furthermore, are EBITDA quarter targeted ending years, period sustain alternatives. the and each EBITDA of is positive those leverage, prefers growth achieved million QX and million XXXX, This year-over-year of in XXXX, to EBITDA XXXX the XXXX trailing last of park that operating three increases revenue. and in [ph] the $X.X second proud
following comparison The stages financial gross to compared Initial results stages of between million, quarter of yielded by quarter of profit and new second project is increased $X.X the XXXX margin. the million Gross second XX% a incurred launches. bank higher $X.X XXXX. the while to by the driven higher project expenses,
expect we pipeline based As evolving portfolio. project upward on gross the project an the in trend matures, margin
improve develop by existing We optimization continue operating expenses. through $XX,XXX and other achieved technology edge and space. expenses We a of operational decreased R&D in ones, keeping new one-time we us total products the innovation our including launch in efforts, leadership $XXX,XXX to and and decrease expenses our at while
had expenses an our slight in expenses significant versus in our decreased company expenses. year The period. from in decreased addition, resulting of previous by increases an and operating profit loss by of a our general sales and and gross $XX,XXX. loss $X.XX operating and million administrative $XXX,XXX decrease In the operating marketing $XXX,XXX
higher new $X.X the $X.X in improved million growth projects our operating at leverage underscores the deploying compared lost million to previous achieving from The company's benefit EBITDA continued associated business reflecting a by shift and revenues on sustained period, away to with legacy the profitability. million and of focus IoT $X.X
$X.X year And $X.X by compared million former $X.XX by $X.X in to million negative $X.X income loss in improved $X.XX loss in million $X.X previous million profit positive a XX% compared to our to net period. non-GAAP EPS the to improved to former a net improved Our income compared Positive a a period. loss non-GAAP million to period. the on year the
is stable. Our position cash
reduce cash to as place which facilities We equipment, to into used need projects start in later deployment. execute continue high phases on, there's in our for as the generation And these have projects. big for and later project we flow of turns win credit manufacturing the cash cash a
company business off. mainly pertaining legacy the addition, has had and expenses to the allowance to In one-time $XXX,XXX,
growth through our rapid product. after transition our about to for believe that growing the In growth years in the shift by legacy the experiencing closing, tracking we're see from revenue the us. for finally we we're business growth revenue five to on business, demand positioned we about for the opportunity excited IoT offenders and the of capitalizing we're well and new many which
levels commitment expanding driven are these by Europe These in to policy of our public continue multiple share and our by European business and areas. are and castration, advantage market further growth in the post-COVID shift industry, in monitoring factors, activity. strong we anticipate invest return monitor remains sentiment robust bedfast including technological nature We to being growth sustained growing reputation as presence our and foundation preserving a of the to to U.S. electronic and the U.S. markets, a the countercyclical and
over turn the operator questions. for I'll to that, the With to call open call