Israeli biometric eID and elections firm SuperCom has approved a 1 million share repurchase programme.The duration of the program is open-ended, does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time. “Given the underlying strength of SuperCom's business and recent equity market volatility, this program provides us the ability to opportunistically acquire our shares at attractive prices and underscores our commitment to returning value to our shareholders,” commented Arie Trabelsi, President and CEO of SuperCom.”Although we are consistently facing opportunities in our operations and target markets to deploy capital with potential for high returns, we are pleased to have this additional channel available for our capital allocation strategy which we believe should increase shareholder value over time”.Under the program authorized by its Board of Directors, SuperCom may purchase shares in open market transactions.Earlier this month, Supercom revealed that revenues hit $7.75m for the last quarter compared to $7.06 million. While GAAP operating income was $1.3 million compared to $2.2 million, Non-GAAP operating income was $2.3 million compared to $2.7 million.

Also in the news:

Default ThumbnailFujitsu uses machine learning to track complex actions Default ThumbnailSamsung Galaxy 10 to drop iris scanner: Report Default ThumbnailUK banking chief notes concern over biometric authentication