Rekor Systems Inc reports results for the quarter ended in December - Earnings Summary

Rekor Systems

25/03/2024 21:40

* Rekor Systems Inc  REKR.OQ  reported a quarterly adjusted
loss
of 16 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -13 cents.  The mean expectation of two analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -11 cents to -10 cents per share.
    * Revenue rose 143.3% to $11.07 million from a year ago;
analysts
expected $10.72 million. 
    * Rekor Systems Inc's reported EPS for the quarter was a
loss
of 16 cents​.
    * The company reported a quarterly loss of $11.32 million.
    * Rekor Systems Inc shares had fallen by 39.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "buy."

Wall Street's median 12-month price target for Rekor Systems Inc
is $4.50 
This summary was machine generated from LSEG data March 25 at
09:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.10          -0.16          Missed
 Sep. 30 2023      -0.14          -0.16          Missed
 Jun. 30 2023      -0.16          -0.18          Missed
 Mar. 31 2023      -0.20          -0.23          Missed