Rekor Systems Third Quarter 2024 Earnings: Misses Expectations
REKOR SYSTEMS INC REKR | 0.82 | -3.69% |
Rekor Systems (NASDAQ:REKR) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$10.5m (up 16% from 3Q 2023).
- Net loss: US$12.6m (loss widened by 20% from 3Q 2023).
- US$0.14 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rekor Systems Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 75%.
Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
The company's shares are down 25% from a week ago.
Risk Analysis
You should always think about risks.
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