Rekor Systems (NASDAQ:REKR) Announces Quarterly Earnings Results

Key Points

• Rekor Systems reported a quarterly loss of ($0.07) earnings per share, missing analyst expectations of ($0.06) per share.
• The company has a negative return on equity of 139.41% and a negative net margin of 118.09%.
• Goldman Sachs Group Inc. increased its ownership in Rekor Systems by 20.8%, now holding about 3.59% of the company's shares.

Rekor Systems (NASDAQ:REKR - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01), Zacks reports. Rekor Systems had a negative return on equity of 139.41% and a negative net margin of 118.09%.

Rekor Systems Stock Performance

Shares of NASDAQ:REKR traded up $0.02 during trading on Tuesday, reaching $1.11. The stock had a trading volume of 4,032,804 shares, compared to its average volume of 2,416,185. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.93 and a current ratio of 1.18. Rekor Systems has a 1-year low of $0.62 and a 1-year high of $2.67. The business has a fifty day moving average price of $1.24 and a 200-day moving average price of $1.23.

Institutional Trading of Rekor Systems

An institutional investor recently raised its position in Rekor Systems stock. Goldman Sachs Group Inc. increased its position in shares of Rekor Systems, Inc. (NASDAQ:REKR - Free Report) by 20.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,981,293 shares of the company's stock after buying an additional 686,094 shares during the quarter. Goldman Sachs Group Inc. owned about 3.59% of Rekor Systems worth $3,530,000 at the end of the most recent reporting period. 45.71% of the stock is owned by institutional investors and hedge funds.

Rekor Systems Company Profile

Rekor Systems, Inc, 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.

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