Rekor Systems (REKR) to Release Quarterly Earnings on Wednesday

Rekor Systems (NASDAQ:REKR) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Rekor Systems (NASDAQ:REKR) last posted its earnings results on Monday, March 25th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $11.07 million for the quarter, compared to analysts’ expectations of $10.72 million. Rekor Systems had a negative return on equity of 106.96% and a negative net margin of 130.78%. On average, analysts expect Rekor Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rekor Systems Trading Down 4.1 %

REKR opened at $1.86 on Wednesday. The firm has a market cap of $158.70 million, a price-to-earnings ratio of -2.55 and a beta of 2.20. Rekor Systems has a 52 week low of $1.19 and a 52 week high of $4.15. The business’s 50 day moving average is $2.08 and its two-hundred day moving average is $2.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.75.

Analyst Upgrades and Downgrades

Separately, William Blair reaffirmed an “outperform” rating on shares of Rekor Systems in a research report on Tuesday, March 26th.

About Rekor Systems

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.