Rekor Systems, Inc. (NASDAQ:REKR) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, REKR is expected to report 3Q20 loss of $ 0.09 per share from revenue of $ 2.10 million.
For the full year, analysts anticipate top line of $ 9.37 million, while looking forward to loss of $ 0.46 per share bottom line.
Previous Quarter Performance
Rekor Systems, Inc. disclosed loss for the second quarter of $ 0.17 per share, from the revenue of $ 2.68 million. The consensus estimates are loss of $ 0.12 per share from $ 2.60 million in revenue. The bottom line results missed street analysts by $ 0.05 or 41.67 percent, at the same time, top line results outshined analysts by $ 0.08 million or 3.08 percent.
Stock Performance
On Friday, shares of Rekor Systems, Inc. has traded high as $ 3.93 and has cracked $ 3.38 on the downward trend, reaching $ 3.77 with volume of 742.40 thousand shares.
According to the previous trading day, closing price of $ 3.77, representing a 78.10 % increase from the 52 week low of $ 2.10 and a 52.05 % decrease over the 52 week high of $ 7.80.
The company has a market capital of $ 124.00 million and is part of the Industrials sector and Security & Protection Services industry.
Conference Call
Rekor Systems, Inc. will be hosting a conference call at 4:00 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rekorsystems.com
Rekor Systems, Inc., through its subsidiary, Rekor Recognition Systems, Inc., provides artificial intelligence and machine-learning enabled automated license plate recognition (ALPR) systems. Its ALPR systems are powered by OpenALPR software to enhance the accuracy of license plate reads to industry-leading levels, as well as to identify the make, model, and color of vehicles. The companys solutions include mobile license plate recognition (LPR) systems, fixed LPR systems, Move Over law enforcement, school bus stop-arm enforcement, red light and speed enforcement, parking enforcement, and citation management.
