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Tesserent acquires Loop Secure for $13.5 million

To be paid for with $9 million in cash and $4.5 million worth of Tesserent shares. ....

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Tesserent to shift to singular brand

Placing businesses within the larger group under various units. ....

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SuperCom Reports Full Year 2020 Financial Results

SuperCom Reports Full Year 2020 Financial Results
USA - English
Cash & Restricted Cash increased to $4 million
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(NASDAQ: SPCB),
a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, today reported results for the twelve months ended December 31, 2020.
Twelve-Months Ended December 31, 2020 Financial Highlights (Compared to the Prior Year Period)
Cash and cash equivalents and restricted cash increased to $4.0 million from $1.2 million last year.
Revenue decreased 29% to $11.8 million in 2020, from $16.5 million last year, mainly due to material impact from Covid-19 related government restrictions and limitations.
Gross margin increased to 47.4% in 2020 from 38.5% last year.
Operating expenses in 2020 decreased 36% to $9.3 million from $14.5 million last year. ....

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SuperCom : Reports Full Year 2020 Financial Results

(NASDAQ: SPCB),
a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, today reported results for the twelve months ended December 31, 2020.
Twelve-Months Ended December 31, 2020 Financial Highlights (Compared to the Prior Year Period)
Cash and cash equivalents and restricted cash increased to $4.0 million from $1.2 million last year.
Revenue decreased 29% to $11.8 million in 2020, from $16.5 million last year, mainly due to material impact from Covid-19 related government restrictions and limitations.
Gross margin increased to 47.4% in 2020 from 38.5% last year.
Operating expenses in 2020 decreased 36% to $9.3 million from $14.5 million last year.
EBITDA improved to $2.8 million in 2020 compared to an EBITDA loss of $(0.5) million in 2019. ....

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What's happening with the Tesserent (ASX:TNT) share price today?

Tesserent
Ltd(ASX: TNT) share price has had an eventful day so far with the company releasing 3 major announcements to the market in the past 24 hours.
Starting with the latest announcement first, the cybersecurity company said it has acquired yet another cybersecurity business, this time with government connections.
Tesserent has also made a deal to increase the amount of money the company can borrow. And finally, the company announced its admission to the ASX
All Ordinaries Index (ASX: XAO) after the closing of trade yesterday.
All this news has made it an interesting day for the Tesserent share price, which plunged by 3% after opening but has since bounced back. ....

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