Rekor Systems (REKR) Scheduled to Post Earnings on Wednesday

Rekor Systems (NASDAQ:REKR) is set to post its quarterly earnings results after the market closes on Wednesday, August 14th. Analysts expect Rekor Systems to post earnings of ($0.13) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Rekor Systems (NASDAQ:REKR) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.12). Rekor Systems had a negative net margin of 133.98% and a negative return on equity of 118.77%. The company had revenue of $9.78 million for the quarter, compared to analyst estimates of $13.03 million. On average, analysts expect Rekor Systems to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rekor Systems Trading Down 1.4 %

Shares of Rekor Systems stock opened at $1.43 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.07 and a debt-to-equity ratio of 0.28. Rekor Systems has a 12-month low of $1.28 and a 12-month high of $4.15. The firm has a market capitalization of $122.06 million, a price-to-earnings ratio of -1.96 and a beta of 2.01. The firm’s 50 day simple moving average is $1.64 and its two-hundred day simple moving average is $1.97.

Insider Transactions at Rekor Systems

In other Rekor Systems news, major shareholder Arctis Global Llc acquired 2,275,000 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were purchased at an average price of $1.40 per share, for a total transaction of $3,185,000.00. Following the completion of the purchase, the insider now directly owns 12,312,491 shares of the company’s stock, valued at $17,237,487.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 8.40% of the company’s stock.

Rekor Systems Company Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.