Rekor Systems, Inc. (NASDAQ: REKR) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.23, delivering a surprise of -109.09%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Rekor Systems, which belongs to the Zacks Internet – Software industry, posted revenues of $12.43 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.28%. This compares to year-ago revenues of $8.56 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on …
Rekor Systems, Inc. Reports Q2 Loss, Tops Revenue Estimates
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