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Fly News Breaks for November 30, 2015
SPCB
Nov 30, 2015 | 11:46 EDT
Feltl analyst Joshua Elving downgraded SuperCom to Buy from Strong Buy citing the company's FY15 revenue guidance and its "disappointing" lack of significant contract wins. The analyst lowered his price target on SuperCom shares to $8 from $14 in his post-earnings note, adding that he still remains optimistic on the stock over the longer-term.
News For SPCB From the Last 2 Days
SPCB
Mar 27, 2024 | 09:53 EDT
SuperCom announced that its fully-owned subsidiary, Leaders in Community Alternatives, has won a new project in California, valued at up to $2M. As part of this project, LCA will provide a comprehensive jail-based program focusing on re-entry services for adult inmates, designed to support individuals transitioning back into the community. The project embodies a comprehensive, evidence-based approach aimed at significantly reducing recidivism. The award is a result of winning a formal competitive bid process administered by the county. This new project is valued at up to $2M over a 5-year period, consisting of a 3-year initial term with two optional one-year extensions, and is expected to generate annual recurring revenues of approximately $400,000. This intent to award will go through the customary county approval process and negotiations before contract execution and project launch. The project is expected to launch in the summer of 2024. SuperCom management expects to provide further information on such in follow-up announcements.