Rekor Systems Inc (REKR) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Margin Challenges [Yahoo! Finance]
Rekor Systems, Inc. (REKR)
Company Research
Source: Yahoo! Finance
Recurring Revenue: $5.5 million in Q3 2024, a 14% increase over the same period last year. 9-Month Recurring Revenue: $16.8 million, a 13% increase compared to the same period last year. Adjusted Gross Margin: 44% for Q3 2024, down from 52.6% in Q3 2023. 9-Month Adjusted Gross Margin: 48.2%, a decrease from 52.6% for the same period last year. Adjusted EBITDA Loss: $9.2 million in Q3 2024, up from $6.6 million in Q3 2023. 9-Month Adjusted EBITDA Loss: $24.3 million, compared to $23.2 million for the same period last year. Expense Reduction: Projected to reduce 2025 expenses by up to $15 million compared to 2024. Warning! GuruFocus has detected 6 Warning Signs with REKR. Release Date: November 14, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Rekor Systems Inc ( NASDAQ:REKR ) has achieved significant progress with its Discover platform, securing inclusion on Florida's Approved Product List (APL) and commenc
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News
- News Flash: 2 Analysts Think Rekor Systems, Inc. (NASDAQ:REKR) Earnings Are Under Threat [Yahoo! Finance]Yahoo! Finance
- Analysts Have Lowered Expectations For Rekor Systems, Inc. (NASDAQ:REKR) After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- Rekor Systems, Inc. (NASDAQ: REKR) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- Rekor Systems Inc. (REKR): Among the Best AI Penny Stocks to Buy According to Analysts [Yahoo! Finance]Yahoo! Finance
- Rekor Systems Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
REKR
Earnings
- 11/14/24 - Miss
REKR
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- REKR's page on the SEC website