NEW YORK (TheStreet) -- Supercom Ltd. (SPCB), a radio frequency identification management solutions provider, reported an increase in revenue to $5.3 million for the 2014 first quarter, compared to $2 million from the same period last year.
However, net income for the quarter was $1.3 million, compared to $1.4 million from the year ago quarter.
Earnings per basic share were 10 cents for the 2014 first quarter versus 17 cents for the 2013 first quarter.
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Earnings per diluted share were 10 cents for 2014 and 15 cents for the first quarter 2013.
Shares of Supercom closed lower by -5.33% to $9.05 on Monday.
Separately, TheStreet Ratings team rates SUPERCOM LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SUPERCOM LTD (SPCB) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."