SuperCom (SPCB) is an Israeli company that provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide, observes Bill Mathews, small cap expert and editor of of The Cheap Investor.
The company serves healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation industries.
It offers MAGNA, a common platform for ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management. Its PureRF suite is a solution based on radio-frequency identification (RFID) tag technology to identify, locate, track, monitor, count, and protect people and objects.
It also provides house arrest monitoring systems, PureTag RF bracelets, PureCom RF base stations, GPS offender tracking systems, PureTrack smartphone device, PureBeacon, PureMonitor offender electronic monitoring software, inmate monitoring systems, DoorGuard tracking station, and personnel tags.
In addition, the company offers domestic violence victim protection systems; SuperPay, a mobile payment hybrid suite; and PowaPOS, an integrated design incorporating retail peripherals.
Further, it provides Safend's Encryption Suite that protects the organization's sensitive data; and designs solutions for carrier wi-fi, enterprise connectivity, smart city, smart hospitality, connected campuses, and connected events.
SuperCom has a fair balance sheet with $1 million ($0.07 per share) in cash, a book value of $2.19 and a small debt of $3 million. Insiders own about 27% of the 15 million shares outstanding, and 25 institutions own 25% of the float (shares in public hands).
In April 2018, SuperCom signed a new contract worth approximately $4 million in value with an existing national government customer in Africa.
In April 2018, the company was awarded a $7 million project with the national government of Sweden to deploy PureSecurity EM Suite. In June 2018, it announced the deployment of an innovative protection from domestic violence project with the Sweden national police, a second national EM project win in Sweden within two months.
Cyber security is a hot sector, and SuperCom is very undervalued compared to other stocks in that sector. We think it could move at least 50% over the next couple of years. If Wall Street discovers the Company, the stock could move substantially higher.
