SuperCom announces earnings results
06 July 2017 20:16 GMT

Israel-based identity solutions firm SuperCom announces earnings results for the second quarter.

The company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.13, Morningstar.comreports. The company had revenue of $8.33 million for the quarter.

A hedge fund recently raised its stake in SuperCom stock. Ladenburg Thalmann Financial Services Inc. increased its stake in SuperCom, Ltd. (NASDAQ:SPCB) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,800 shares of the industrial products company’s stock after buying an additional 1,500 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 0.61% of SuperCom worth $311,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 20.92% of the company’s stock.

SuperCom is a provider of traditional and digital identity solutions, providing safety, identification, tracking and security products to governments, and private and public organizations throughout the world. Through its e-government platforms and solutions for traditional and biometrics enrollment, personalization, issuance and border control services, the Company enables governments and national agencies to design and issue multi-identification documents and digital identity solutions to their citizens and visitors.