SuperCom (SPCB) Misses Q4 EPS by 9c
SuperCom (NASDAQ: SPCB) reported Q4 EPS of $0.06, $0.09 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $8.34 million versus the consensus estimate of $9.03 million.
"Our results for 2015 reflect the project-driven nature of our business, and the sometimes longer-than-expected sales cycle we are experiencing within the eID market," commented Arie Trabelsi, SuperCom's President and CEO. "The fundamentals of our underlying business remain strong and we continue to see growing demand for our solutions which will help us face the sales cycle and project-oriented challenges inherent in our business. We won new electronic monitoring contracts and advanced initiatives to expand our solutions capabilities and prospects in our M2M, e-ID, mPay and Cyber Security divisions."
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