SuperCom (NASDAQ: SPCB) reported Q2 EPS of $0.07, $0.06 better than the analyst estimate of $0.01. Revenue for the quarter came in at $6.8 million versus the consensus estimate of $8 million.

• Revenue decreased to $6.8 million from $7.5 million.
• Gross Profit increased 30% to $3.83 million from $3.4 million.
• Non-GAAP Gross Margin increased to 59.2% from 48.6%.
• Non-GAAP core operating expenses decreased 33% to $3.3 million from $5.4 million.
• EBITDA improved to $1.4 million compared to $1.0 million.
• Non-GAAP Net Profit improved to $1.1 million or $0.07 per share from $0.46 million or $0.03 per share.
• Working Capital increased to $11.3 million from $7.6 million.
• Current Ratio increased to 1.62 from 1.5

"We are pleased with our second quarter 2018 results, highlighted by a dramatic improvement in our financial performance compared to the same quarter last year. We also achieved sequential quarterly improvements in profitability margins with 21% EBITDA margins and Non-GAAP gross margins of 59%, and as we continued to optimize our cost structure, Non-GAAP core operating expenses reached a low of $3.3m," said Arie Trabelsi, President and CEO of SuperCom. "We expect more cost optimizations in the following quarters brining us closer to the lean operating structure that we have not seen since 2015, before the strategic acquisitions took place. Yet today, I believe our business prospects are multiples greater, with 2 additional business segments, a major presence in developed markets, over 50% growth in our steady-state recurring revenue, and significant enhancements to our technology portfolio backed by 119 patents."

"We continue to execute on our growth strategy across our business segments. In the recent past we have been expanding organically into new countries and governments faster than ever before with an exceptionally high win rate, including 8 new multi-year project wins in the last 8 months alone. This brings us to over 16 concurrent multi-year project deployments globally, which are expected to generate long term recurring revenues for years to come as well as additional business from customer references."

For earnings history and earnings-related data on SuperCom (SPCB) click here.