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Rekor Systems Inc (NASDAQ: REKR) |
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Price: $0.9751
$0.05 
4.917%
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| Day's High:
| $1.03
| Week Perf:
| 21.52 %
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| Day's Low: |
$ 0.96 |
30 Day Perf: |
-11.35 % |
| Volume (M): |
6,993 |
52 Wk High: |
$ 2.67 |
| Volume (M$): |
$ 6,819 |
52 Wk Avg: |
$1.37 |
| Open: |
$0.96 |
52 Wk Low: |
$0.62 |
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| Market Capitalization (Millions $) |
84 |
| Shares
Outstanding (Millions) |
86 |
| Employees |
105 |
| Revenues (TTM) (Millions $) |
46 |
| Net Income (TTM) (Millions $) |
-61 |
| Cash Flow (TTM) (Millions $) |
-10 |
| Capital Exp. (TTM) (Millions $) |
2 |
Rekor Systems Inc
Rekor Systems Inc is a technology company specializing in AI-driven vehicle recognition systems. Their solutions enable real-time data collection and analysis to improve traffic management, law enforcement, and parking enforcement. Rekor's advanced software can accurately recognize license plates, vehicle make and model, and other information crucial for public safety and security. With their cutting-edge technology, Rekor Systems Inc aims to revolutionize the way cities and organizations utilize data to make informed decisions and enhance public safety.
Company Address: 6721 Columbia Gateway Drive, Suite 400 Columbia 21046 MD
Company Phone Number: 762-0800 Stock Exchange / Ticker: NASDAQ REKR
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| Stock Performances by Major Competitors |
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| Rekor Systems Inc
Rekor Systems Inc, a company specializing in communications equipment, has experienced a significant decline in its share price over the past 5 days. This decline of -13.4% brings the overall drop in share price to -44.92% in the past 90 days. Currently trading on the NASDAQ, Rekor Systems Inc shares are -35% below its 52-week average.
The company's financial performance for the fiscal period ending March 31, 2024, showed a loss of $0.23 per share, compared to a loss of $0.23 per share in the previous year. This represents a significant increase in loss from the previous financial reporting period, where the loss was $0.14 per share. However, despite the increase in losses, Rekor Systems Inc saw a substantial growth in revenue, with a 58.092% increase to $9.78 million from $6.19 million in the same period the previous year. Sequentially, revenue decreased by -11.639% from $11.07 million.
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| Rekor Systems Inc
Rekor Systems Inc has recently announced some impressive financial results, with a solid revenue rise of 143.049% year on year to $11.07 million in the most recent fiscal period. This is a remarkable accomplishment, especially considering that the rest of the Communications Equipment sector has seen a decline of -12.95% in their top-line revenue.
Despite this strong revenue growth, the company has also experienced widening diminishing returns, with a negative return of $-0.14. This is a cause for concern, as it indicates that the company may not be efficiently utilizing its resources to generate profits.
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| Rekor Systems Inc
Rekor Systems Inc, a leading player in the Communications Equipment sector, achieved remarkable results during the July to September 2023 fiscal span. The company reported a notable decrease in losses per share, an improvement in earnings per share, and a substantial increase in revenue. These positive developments might significantly impact the company's future performance.
Decreased Losses and Improved Earnings:
During the July to September 2023 fiscal span, Rekor Systems Inc managed to reduce its loss per share from $-0.90 in the same period last year to $-0.16. This represents an impressive positive trend, indicating the company's ability to cut costs and enhance efficiency. Moreover, the improvement in earnings per share from $-0.18 in the previous reporting season adds further credence to Rekor Systems' growth potential.
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| Rekor Systems Inc
Rekor Systems Inc Surges with Impressive Revenue Growth
In a surprising turn of events, Rekor Systems Inc witnessed a significant boost in revenue during its fiscal span from April to June 30, 2023. The company experienced an incredible 97.577% increase in revenue to a staggering $8.56 million. This remarkable growth allowed Rekor Systems Inc to successfully cut its losses from $-0.33 per share in the corresponding reporting season a year ago, to a more manageable $-0.18 per share.
Rekor Systems Inc's exceptional performance stands out amidst a declining trend in the Communications Equipment industry. While other companies in the sector faced a contraction of -6.00% in business, Rekor Systems Inc displayed remarkable revenue growth. This positive trajectory is particularly impressive as it follows an already favorable Q1 performance, with revenue surging by 38.448% from $6.19 million, and an improvement in EPS from $-0.23 per share.
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| Rekor Systems Inc
Rekor Systems Inc, a technology company that specializes in providing AI-powered real-time license plate recognition services, has announced its financial results for the first quarter of 2023, and the news is far from encouraging. The company revealed that it had incurred a net shortfall of $-12.682 million, which is considerably higher than the $-12.601 million it had recorded in the same quarter of the previous year. What's more, the company's financial performance for this quarter was particularly disappointing, given that it had posted a loss of $-0.23 per share, a significant decline from the $-0.29 per share loss posted in the previous year's quarter.
What is perhaps most concerning, however, is the significant surge in the company's shortfall from the previous reporting season. The shortfall had reached $-0.10 per share in the previous quarter, but it surged to $-0.23 per share in the current quarter, which is a worrying trend for investors. Moreover, this underwhelming financial performance was even more baffling considering that the company's revenue had inched up by 71.425% from $3.61 million to $6.19 million. Sequentially, revenue surged by 35.844% from $4.55 million, further highlighting the inconsistency in the company's financial performance.
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| Per Share |
Current |
| Earnings (TTM) |
-0.67 $ |
| Revenues (TTM) |
0.53 $
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| Cash Flow (TTM) |
- |
| Cash |
0.06 $
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| Book Value |
0.39 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-0.67 $
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| Revenues (TTM) |
0.53 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.06 $
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| Book Value |
0.39 $ |
| Dividend (TTM) |
0 $ |
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