UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2012

VUANCE LTD.

(Translation of Registrant’s name into English)

Nolton House

14, Shenkar Street,

Hertzliya Pituach,

Israel

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  x    Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  Yes  ¨    No  x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-             

Vuance Ltd. Announces Fourth Quarter 2011 Results

Hertzliya Israel – May 23, 2012. Vuance Ltd. (VUNCF:PK), a leading provider of Wireless Identification Solutions, completed its unaudited condensed financial statements for the quarter ending December 31, 2011. The Company has focused its R&D, sales and marketing efforts on its core competencies, which include Active RFID technology, PureRFid Suite and Wireless Identification solutions, while continuing to perform its multi-year contracts, including for the provision of national biometric ID and other multi-ID issuing and control systems.

Fourth Quarter 2011 Selected Unaudited Financial Results

Revenues for the fourth quarter ended December 31, 2011 increased 3% to $1.94 million compared to $1.89 million in the fourth quarter of 2010.

Gross profit decreased 10% to $1.1 million for the fourth quarter of 2011 compared to $1.3 million for the fourth quarter of 2010. Gross profit margin for the fourth quarter of 2011 was 59% compared to 67% in the fourth quarter of 2010. The decrease in gross profit margin was attributed to changes in the Company’s mix of revenues, in the multi-ID division.

Total operating expenses for the fourth quarter of 2011 were $1.1 million, compared to $1.0 million for the fourth quarter of 2010. The increase compared to the fourth quarter of 2010 was mainly due to a decrease in other income resulted from capital gain on extinguishment of liabilities which recorded in the fourth quarter of 2010, which was maintained by a decrease in general and administrative expenses due to a change in management's estimation with respect to the collectability of certain debt which was considered doubtful in the fourth quarter of 2010 and as of December 31, 2011, on the basis of communications held with the customer, is not considered as doubtful of collection.

The Company reported an operating income for the fourth quarter of 2011 of $50,000 compared to an operating income of $288,000 in the fourth quarter of 2010. The decrease in operating income was driven by the decrease in gross profit and the increase in operating expenses, as described above.

Financial income, net, for the fourth quarter of 2011 was $955,000 compared to financial expenses in the fourth quarter of 2010 of $199,000. The transfer from financial expenses to financial income is mainly due to a capital gain on extinguishment of debt related to convertible bonds, recognized in the fourth quarter of 2011.

Net income for the fourth quarter of 2011 was $1,003,000, or $0.08 basic earnings per share (based on a weighted average of 12.0 million shares) compared to a net income of $62,000, or $0.01 basic earnings per share (based on a weighted average of 7.3 million shares) in the fourth quarter of 2010.

The Company's unaudited condensed financial statements have been prepared on a going concern basis, which presumes the realization of assets and the settlement of liabilities in the normal course of operations. The application of the going concern basis is dependent upon the Company having sufficient available cash resources and achieving profitable operations to generate sufficient cash flows to fund continued operations. Should the Company fail to generate sufficient cash flows from operations, it will require additional financing to remain a going concern. The reported unaudited condensed financial statements are in accordance with United States generally accepted accounting principles, or US GAAP.

VUANCE LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

AT DECEMBER 31, 2011

	Dec-31		Dec-31
	2011		2010
	Audited		Audited
	U.S. dollars in thousands (except per share data)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		215		197
Restricted cash deposits		-		130
Trade receivables, net		1,542		752
Other accounts receivable and prepaid expenses		105		388
Inventories, net		269		197
Total current assets		2,131		1,664
SEVERANCE PAY FUND		228		234
PROPERTY AND EQUIPMENT, NET		96		110
Total assets		2,455		2,008

VUANCE LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

AT DECEMBER 31, 2011

	Dec-31			Dec-31
	2011			2010
	Audited			Audited
	U.S. dollars in thousands (except per share data)
LIABILITIES AND SHAREHOLDERS' DEFICIT
CURRENT LIABILITIES:
Short-term bank credit		112			-
Trade payables		2,439			973
Employees and payroll accruals		139			151
Advances from customer		-			1,010
Accrued expenses and other liabilities		2,164			2,244
Convertible bonds		2,519			122
Short-term loan and others		456			-
Total current liabilities		7,829			4,500
LONG-TERM LIABILITIES:
Convertible bonds		-			2,866
Long-term loan and others		-			2,259
Accrued severance pay		227			254
Total long-term liabilities		227			5,379
SHAREHOLDERS' DEFICIT:
Ordinary shares		192			113
Additional paid-in capital		41,713			41,360
Amount of liability extinguished on account of shares		819			-
Accumulated deficit		(48,325	)		(49,344	)
Total shareholders' deficit		(5,601	)		(7,871	)
Total liabilities and shareholders' deficit		2,455			2,008

VUANCE LTD.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE TWELVE-MONTH PERIOD ENDED DECEMBER 31, 2011

	12 months ended						3 months ended
	Dec-31						Dec-31
	2011			2010			2011			2010
	Audited						Unaudited
	U.S. dollars in thousands, except share data
REVENUES		7,922			7,389			1,942			1,883
COST OF REVENUES		3,306			2,057			800			616
GROSS PROFIT		4,616			5,332			1,142			1,267
OPERATING EXPENSES:
Research and development		462			386			90			78
Selling and marketing		3,505			4,405			884			996
General and administrative		732			1,985			111			301
Other (income) expenses		(137	)		(396	)		7			(396	)
Total operating expenses		4,562			6,380			1,092			979
OPERATING (LOSS) INCOME		54			(1,048	)		50			288
FINANCIAL (EXPENSES) INCOME , NET		990			(678	)		955			(199	)
INCOME (LOSS) BEFORE INCOME TAX		1,044			(1,726	)		1,005			89
INCOME TAX		(25	)		(50	)		(2	)		(13	)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS		1,019			(1,776	)		1,003			76
LOSS FROM DISCONTINUED OPERATIONS		-			(189	)		-			(14	)
NET INCOME (LOSS) FOR THE PERIOD		1,019			(1,965	)		1,003			62
EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS:
Basic		0.11			(0.29	)		0.08			0.01
Diluted		0.09			(0.29	)		0.07			0.01
LOSS PER SHARE FROM DISCONTINUED OPERATIONS BASIC AND DILUTED:		-			(0.03	)		-			(0.00	)
NET EARNINGS (LOSS) PER SHARE:
Basic		0.11			(0.32	)		0.08			0.01
Diluted		0.09			(0.32	)		0.07			0.01
Weighted average number of ordinary shares used in computing basic earnings (loss) per share		9,126,327			6,177,862			12,027,005			7,277,152
Weighted average number of ordinary shares used in computing diluted earnings (loss) per share		11,710,254			6,177,862			15,300,482			7,955,857

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Vuance Ltd.

(formerly, SuperCom Ltd.)

By: /s/ Arie Trabelsi

Name: Arie Trabelsi

Title: Chairman of the Board of Directors

Date: May 23, 2012