Rekor Systems Q2 2023 Earnings Report

Rekor Systems EPS Results

• Actual EPS: -$0.18
• Consensus EPS: -$0.16
• Beat/Miss: Missed by -$0.02
• One Year Ago EPS: N/A

Rekor Systems Revenue Results

• Actual Revenue: $8.56 million
• Expected Revenue: $8.03 million
• Beat/Miss: Beat by +$530.00 thousand
• YoY Revenue Growth: N/A

Rekor Systems Announcement Details

• Quarter: Q2 2023
• Date: 8/14/2023
• Time: N/A

Rekor Systems (NASDAQ:REKR), a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders. It also offers Rekor AutoNotice, a cloud-based financial management application that delivers a turnkey information and citation management solution for cities, states, and municipalities for primary and secondary offenses; and Rekor CarCheck, which allows its AI based vehicle and license plate recognition technology to be accessed for a range of commercial applications. In addition, the company offers Rekor Edge Max System, a fixed traffic data collection system that captures and transforms roadway data into holistic traffic insights; Rekor Edge Pro, a vehicle recognition solution that is used on a standalone basis or integrated into a network; and Rekor Edge Flex, a portable data collection system. Further, it provides traffic services, including traditional traffic studies, which delivers data and insights for planning and management of roadway infrastructure and commercial initiatives; innovative AI-driven traffic studies for traffic management; and traffic engineering services. The company was incorporated in 2017 and is headquartered in Columbia, Maryland.