Rekor Systems (REKR) Set to Announce Quarterly Earnings on Thursday

Rekor Systems (NASDAQ:REKR) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. Rekor Systems had a negative net margin of 118.66% and a negative return on equity of 112.99%. The company had revenue of $12.43 million for the quarter, compared to analyst estimates of $12.15 million. 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 Stock Down 3.3 %

REKR stock opened at $1.16 on Wednesday. The firm has a market cap of $102.66 million, a PE ratio of -1.79 and a beta of 1.97. Rekor Systems has a 1 year low of $1.01 and a 1 year high of $3.92. The company has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.44. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

Separately, Wedbush reiterated an “outperform” rating on shares of Rekor Systems in a report on Thursday, August 15th.

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.