SPCBNasdaqSemiconductors & Related DevicesUS GAAP · USD

SuperCom Ltd

SuperCom Ltd is an Israel-based technology company that designs and delivers digital identity, e-government, and security solutions for governments and organizations. Its business combines identity enrollment, personalization, issuance, border control, RFID/mobile technologies, and related monitoring and safety applications across public and private end markets.

Revenue27.9m USD
+0.9 %y/y
Operating profit (EBIT)-0.3m USD
+58.6 %y/y
EBIT margin-1.2%
+1.7 ppy/y
Net income3.7m USD
+467.0 %y/y
Free cash flow-6.4m USD
−120.3 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-100102030m USD2020: 12 m USD2020: EBIT -3.7 m USD20202021: 12 m USD2021: EBIT -6.7 m USD20212022: 18 m USD2022: EBIT -6.0 m USD20222023: 27 m USD2023: EBIT -3.4 m USD20232024: 28 m USD2024: EBIT -0.78 m USD20242025: 28 m USD2025: EBIT -0.32 m USD202528-0.32
RevenueOperating profit (EBIT)

Business

Share of revenue
Digital identity and e-Government40 %

Platforms and systems for national identity, citizen records, and secure government services.

Identity issuance and border control20 %

Enrollment, personalization, issuance, and border management solutions for secure documents.

RFID and mobile technology15 %

Field-proven RFID and mobile hardware/software used in security and related applications.

Electronic monitoring and safety15 %

Monitoring and safety systems used in community safety, law enforcement, and related programs.

Healthcare and homecare solutions10 %

Complementary solutions and services for healthcare, homecare, and operational support use cases.

Products

Reported · share of revenue
73.0%23.1%FY2025100 %
  • Products Sales73.0 %
  • Services23.1 %
  • Products Operating Lease3.9 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

SuperCom sells primarily to governments, national agencies, and public-sector organizations that need secure identity and border-management infrastructure. It also serves private organizations and specialized end markets such as healthcare, homecare, security, law enforcement, and electronic monitoring programs. Buyers typically need integrated systems that can issue secure credentials, track identity, and support compliance or public safety workflows.

National governments and agencies

Buy secure identity, enrollment, issuance, and e-government platforms to manage citizen and visitor identity.

Border control and immigration authorities

Buy systems for secure documents, biometric processing, and border management workflows.

Public safety and law enforcement

Buy electronic monitoring and safety solutions for supervision, enforcement, and compliance programs.

Healthcare and homecare providers

Buy RFID and related solutions for tracking, safety, and operational visibility in care settings.

Private security and enterprise customers

Buy identity and security solutions where authentication, control, or tracking is needed.

Strategy

SuperCom’s strategy centers on winning and expanding government identity and security programs, especially where it can bundle software platforms, document issuance, RFID, and complementary services. It also appears focused on scaling recently launched projects in Europe and the U.S. and using its product stack to address adjacent safety, monitoring, and identity use cases.

Win and implement government identity programsMedium term

Public-sector contracts are the core engine for platform adoption and recurring deployments.

Expand new projects in Europe and the U.S.Short term

Geographic expansion diversifies the customer base and increases addressable opportunity.

Cross-sell complementary safety and monitoring solutionsMedium term

Adjacent applications can deepen customer relationships and broaden revenue sources.

Geography

2025

SuperCom operates globally, with customer deployments described across Europe, the United States, and other international markets. The company’s reported project activity includes new government projects launched in Europe and the U.S., which highlights a business model dependent on winning country-specific public-sector programs. Its headquarters and principal executive office are in Tel Aviv, Israel, while commercial execution is international.

European Union43 %
Israel28 %
United States25 %
Africa3.6 %
Asia Pacific0.1 %
South America0.0 %

Share of the revenue the company reports by geography.

Risks

SuperCom’s results depend heavily on winning and executing government contracts, which can be lumpy, slow to convert, and subject to procurement and political risk. The company also faces typical technology and deployment risks tied to integrating identity, RFID, and monitoring systems across different jurisdictions, along with foreign-exchange and compliance exposure from operating internationally.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Government contract concentration1Project execution and implementation delays2Regulatory and procurement risk across countries3Foreign exchange volatility4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Government contract concentrationImpact: HighLikelihood: High

    The business relies on a limited number of public-sector programs, so delays or losses can materially affect revenue visibility.

    ExposureE-GovernmentIdentity issuanceBorder control
  2. Project execution and implementation delaysImpact: HighLikelihood: Medium

    Large identity and monitoring deployments require integration, testing, and rollout across agencies.

    Exposure: Government IT projects

  3. Regulatory and procurement risk across countriesImpact: MediumLikelihood: High

    Public tenders and local qualification requirements can limit market access or slow contract conversion.

    ExposureEuropeU.SOther international markets
  4. Foreign exchange volatilityImpact: MediumLikelihood: Medium

    International sales and operations can create translation and transaction exposure.

    Exposure: Cross-border contracts

Accounting

Judgemental items
Contract revenue recognition

Project-based government work may recognize revenue over time or at acceptance, affecting period-to-period comparability.

Impact: Can shift revenue and gross profit between quarters

Contract assets and receivables

Large implementation projects can create judgment around collectability and billing milestones.

Impact: Affects working capital and credit-loss estimates

Intangible asset impairment

Technology and platform assets must be supported by future cash generation from deployments.

Impact: Could create non-cash charges if projects underperform

Foreign currency effects

International contracts and expenses may be denominated in multiple currencies.

Impact: Can increase volatility in reported earnings

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026