Rekor Systems: Rises on revenue growth forecast

Rekor Systems

08/07/2020 13:56

** Shares of the software firm  REKR.O  rise ~11% to $4.10
premarket - set for best day in over 3 months
    ** If gains hold, REKR is on track to end a 3-day losing
streak 
    ** Co expects Q2 gross revenue to be above $2.6 mln
    ** REKR says gross revenues from its core technology
businesses have continued to increase, following major
restructuring  urn:newsml:reuters.com:*:nGNX85BzRr
    ** With proceeds from its recent divestitures and a
significant reduction in interest expense, REKR sees continued
rapid growth in its higher margin technology businesses - REKR
    ** As of Tuesday's close, stock down ~3% YTD

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; 646 223 8780 - 3401;))