Rekor Systems Inc reports results for the quarter ended June 30 - Earnings Summary

• Rekor Systems Inc REKR.OQ reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of two analysts for the quarter was for a loss of 6 cents per share.

• Revenue fell 0.5% to $12.36 million from a year ago; analysts expected $12.37 million.

• Rekor Systems Inc's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $8.66 million.

• Rekor Systems Inc shares had fallen by 6.0% this quarter and lost 30.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Rekor Systems Inc is $4.00, about 72.8% above its last closing price of $1.09

This summary was machine generated from LSEG data August 12 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)