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Rekor Systems Inc (REKR)
NASDAQ:REKR
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -14.61%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
Rekor Systems showed strong revenue growth and financial improvements, supported by strategic partnerships and technological advancements. However, challenges with government contracts and a decline in recurring revenue were notable concerns. The departure of the CEO adds to transitional uncertainties.Company Guidance
During the Rekor Systems Inc. conference call, guidance for 2025 highlighted a strategic pivot towards a more predictable revenue model, reducing reliance on large government contracts. The company reported a 49% reduction in EBITDA loss in Q4 2024 compared to Q3 2024, and a revenue of $13.3 million, surpassing consensus estimates by 3%. The Urban Mobility segment contributed significantly to a 32% year-over-year revenue increase, totaling $46 million for 2024. Adjusted gross margin improved to 52% in Q4, with expectations for further enhancement due to a stronger SaaS revenue mix. The company also achieved inclusion on Florida's approved product list, enhancing deployment opportunities. Despite a modest 2% year-over-year decline in Q4 recurring revenue, Rekor is poised for growth through partnerships with Amazon Web Services and NVIDIA, and a pay-for-data model in New Mexico, facilitating their strategy to achieve breakeven while maintaining financial discipline.Revenue Growth and Financial Performance
Rekor Systems reported fourth quarter 2024 revenue of $13.3 million, surpassing consensus estimates by 3% and marking a significant reacceleration in year-over-year growth rate, which returned above 20%. The full year 2024 revenue increased by 32% to $46 million compared to $34.9 million in 2023.
Strategic Shifts and Partnerships
Rekor Systems shifted its strategy to focus on a more predictable revenue base, reducing reliance on uncertain government timelines. Key partnerships with Amazon Web Services, NVIDIA, and SoundThinking expanded their market reach.
Reduction in EBITDA Loss
The company achieved a 49% reduction in EBITDA loss in Q4 2024 versus Q3 2024, aligning with their plan to achieve stronger profitability.
Technological and Product Developments
Rekor introduced new AI features like the Incident Priority Ranking in Rekor Command, reducing response times by up to 60% in tests. Certification for New Jersey's ALPR program was secured, supported by $13 million in state funding.
Financial Improvements
Rekor fully satisfied a $15 million debt, enhancing their balance sheet and flexibility for strategic growth.
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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 |
|---|---|---|---|
| Mar 31, 2025 | $0.89 | $0.90 | +1.12% |
| 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% |
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 May 14, 2025, TBA Not Confirmed.
What is Rekor Systems Inc (REKR) earnings time?
Rekor Systems Inc (REKR) earnings time is at May 14, 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 2025 (Q1) is -0.09.
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