Workflow
Rekor Systems, Inc. (REKR) Reports Q1 Loss, Lags Revenue Estimates
REKRNovume(REKR) ZACKS·2025-05-14 23:15

Core Viewpoint - Rekor Systems, Inc. reported a quarterly loss of $0.10 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.08, marking a 25% earnings surprise [1] - The company has struggled with revenue, posting $9.2 million for the quarter, missing estimates by 20.30% and down from $9.78 million a year ago [2] Financial Performance - The company has only surpassed consensus EPS estimates once in the last four quarters [2] - The stock has declined approximately 34.6% year-to-date, contrasting with the S&P 500's slight gain of 0.1% [3] Future Outlook - The earnings outlook for Rekor Systems is currently unfavorable, with a Zacks Rank of 4 (Sell), indicating expected underperformance in the near future [6] - Current consensus EPS estimates for the upcoming quarter are -$0.07 on revenues of $13.14 million, and -$0.25 on revenues of $51.67 million for the current fiscal year [7] Industry Context - The Internet - Software industry, to which Rekor Systems belongs, is ranked in the top 35% of over 250 Zacks industries, suggesting a relatively strong industry performance [8]