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Rekor Systems Inc (REKR)
NASDAQ:REKR
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Earnings Data
Report Date
Mar 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 03, 2020
|% Change Since: 48.15%
|Next Earnings Date:May 13, 2020
Earnings Call Sentiment|Neutral
The call highlights significant revenue growth, successful deployments, and strategic partnerships, which indicate positive momentum. However, challenges such as the decline in gross margin, increased EBITDA loss, and hurricane impacts on revenue present notable obstacles. The sentiment is balanced between optimism for future growth and the current operational challenges.Company Guidance
During the Q3 2024 earnings call for Rekor Systems, several key metrics and strategic initiatives were highlighted. The company reported a 16% increase in quarterly revenue to $10.5 million and a 37% rise in revenue for the first nine months of 2024, reaching $32.8 million compared to the same period last year. Recurring revenue grew by 14% year-over-year to $5.5 million for the quarter. Despite these gains, the adjusted gross margin decreased to 44%, primarily due to lower-margin projects and adverse weather conditions. An adjusted EBITDA loss of $9.2 million was recorded for the quarter, up from $6.6 million the previous year. Rekor aims to achieve up to $15 million in annualized expense reductions, positioning itself for positive cash flow in 2025. The strategic expansion in Florida, through inclusion on the state's approved product list, sets a foundation for significant growth, alongside ongoing projects in Texas, New York, and potential expansion across other states, targeting a TAM of up to 1.5 million sites.Successful Deployment in Florida
Rekor has achieved inclusion on Florida's approved product list and begun statewide deployments, marking a pivotal step in expanding reliable and mission-critical insights.
Significant Growth in Revenue
Revenues increased by 16% in Q3 2024 compared to Q3 2023, and by 37% for the nine months ended September 30, 2024, compared to the same period last year.
Strategic Partnerships and Expansions
Rekor secured new partnerships, including SoundThinking, AWS, and NVIDIA, and expanded its footprint to New York, Texas, and Hawaii.
Cost Optimization and Savings
Implemented cost structure optimization projected to reduce 2025 expenses by up to $15 million.
Positive Outcomes with Command Solution
TxDOT reported a 29% reduction in secondary crashes using Rekor's Command solution.
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REKR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REKR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.08 | $0.90 | -16.67% |
| Aug 14, 2024 | $1.39 | $1.28 | -7.91% |
| May 15, 2024 | $1.82 | $1.38 | -24.18% |
| Mar 25, 2024 | $2.06 | $2.02 | -1.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rekor Systems Inc (REKR) report earnings?
Rekor Systems Inc (REKR) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
What is Rekor Systems Inc (REKR) earnings time?
Rekor Systems Inc (REKR) earnings time is at Mar 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REKR EPS forecast?
REKR EPS forecast for the fiscal quarter 2024 (Q4) is -0.08.
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