Rekor Systems (REKR) Scheduled to Post Earnings on Wednesday

Rekor Systems (NASDAQ:REKR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 14th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Rekor Systems (NASDAQ:REKR) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.23) 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 during the quarter, compared to the consensus estimate 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 Stock Down 1.4 %

Shares of Rekor Systems stock opened at $1.43 on Tuesday. Rekor Systems has a one year low of $1.28 and a one year high of $4.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.26 and a quick ratio of 1.07. The stock’s 50-day moving average is $1.64 and its 200 day moving average is $1.97. The firm has a market cap of $122.06 million, a price-to-earnings ratio of -1.96 and a beta of 2.01.

Insider Activity at Rekor Systems

In other Rekor Systems news, major shareholder Arctis Global Llc bought 2,275,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were bought at an average price of $1.40 per share, for a total transaction of $3,185,000.00. Following the transaction, the insider now directly owns 12,312,491 shares in the company, valued at $17,237,487.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.40% of the stock is owned by corporate insiders.

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.