Rekor Systems (NASDAQ:REKR) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Rekor Systems (NASDAQ:REKR) issued its quarterly earnings data on Monday. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13), Zacks reports. Rekor Systems had a negative net margin of 119.54% and a negative return on equity of 119.85%.

Rekor Systems Stock Down 1.5 %

REKR traded down $0.01 during trading hours on Monday, hitting $0.89. 4,174,491 shares of the company’s stock were exchanged, compared to its average volume of 3,060,831. The firm has a market cap of $83.19 million, a P/E ratio of -1.36 and a beta of 1.80. Rekor Systems has a 12-month low of $0.78 and a 12-month high of $2.67. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $1.56 and a 200 day moving average of $1.30.

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.