SuperCom Ltd. (SPCB)

Outperform Recap: Q1 2026

The Inflection Holds: Second Straight Growth Quarter, Margin Snaps Back to a Record, and ARR Up 180% — Maintaining Outperform

Outperform Recap: Q4 2025

The Inflection Arrives: Q4 Revenue Turns Up +18%, a $17M Sweden Win Anchors 2026, and the Stock Has De-Rated — Upgrading to Outperform

Hold Recap: Q3 2025

Record Margins and a Marquee Germany Win, But Revenue Still Hasn't Turned and the Share Count Has Tripled — Maintaining Hold

Hold Recap: Q2 2025

Margins Do the Heavy Lifting as the U.S. Land-Grab Builds — But Revenue Hasn't Inflected and the Stock Has Run 117%. Initiating at Hold