Tesserent returns to profit as revenue rises by 235%
Acquisitions and Cyber360 strategy pay off.
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Acquisitions and Cyber360 strategy pay off.
To be paid for with $9 million in cash and $4.5 million worth of Tesserent shares.
Placing businesses within the larger group under various units.
SuperCom Reports Full Year 2020 Financial Results USA - English Cash & Restricted Cash increased to $4 million News provided by Share this article (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, today reported results for the twelve months ended December 31, 2020. Twelve-Months Ended December 31, 2020 Financial Highlights (Compared to the Prior Year Period) Cash and cash equivalents and restricted cash increased to $4.0 million from $1.2 million last year. Revenue decreased 29% to $11.8 million in 2020, from $16.5 million las...
(NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, today reported results for the twelve months ended December 31, 2020. Twelve-Months Ended December 31, 2020 Financial Highlights (Compared to the Prior Year Period) Cash and cash equivalents and restricted cash increased to $4.0 million from $1.2 million last year. Revenue decreased 29% to $11.8 million in 2020, from $16.5 million last year, mainly due to material impact from Covid-19 related government restrictions and limitations. Gross margin increased to 47.4% in 2020 from ...