India, April 28 -- SuperCom Ltd. (SPCB), a provider of electronic monitoring, cybersecurity, IoT solutions, and others, on Monday reported a wider net loss for the fourth quarter, hurt significantly by a $2 million of one-time items, including $1.5 million of bad debt expense.
For the three-month period to December 31, 2024, the company recorded a net loss of $1.859 million, compared with a loss of $1.555 million, posted for the same period last year. Excluding items, earnings were $1.388 million, or $0.66 per share, lesser than $1.699 million, or $3 per share a year ago.
Operating loss narrowed to $1.910 million from the prior year's loss of $2.451 million. Adjusted operating profit stood at $1.337 million, higher than $0.803 million in ...