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Complete financial analysis of Rekor Systems, Inc. (REKR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Rekor Systems, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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Rekor Systems, Inc. (REKR)
About Rekor Systems, Inc.
Rekor Systems, Inc., through its subsidiaries, develops and implements transformative mission-critical intelligent infrastructure solutions and services for transportation management, public safety, and commercial markets in the United States, Canada, and internationally. It offers Rekor One Traffic Management solutions, including software modules for roadway monitoring and response, an incident detection and management solution; traffic and infrastructure analytics to capture data for roadway and infrastructure analytics and planning; and live and archival traffic view for situational awareness of what is happening on roadways. The company also provides Rekor One Public Safety solutions comprising contactless compliance application that delivers a turnkey information and citation management solution to cities, states, and municipalities for primary and secondary offenses; Rekor scout that offers accurate license plate and vehicle recognition on any IP, traffic, or security camera, and can be subscribed to separately for use with existing camera or sensor systems; and Rekor blue, a smartphone app that retrieves accurate vehicle license plate number and state of registration, and automatically organizes information by sessions, capturing date, location, and timestamp for law enforcement. In addition, it offers Rekor CarCheck, an API of its vehicle recognition technology to respond with accurate license plate data, vehicle make, model, body type, and color for commercial applications; and AutoNotice, a cloud-based financial management application to record payments in the system and provide functionality to research, manage unapplied payments, and reconcile receipts. Further, the company provides hardware products, which includes Rekor Edge Series, a family of mountable vehicle recognition systems that seamlessly capture and process vehicle data. Rekor Systems, Inc. was founded in 2017 and is headquartered in Columbia, Maryland.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.93M | 19.92M | 14.29M | 9.23M | 19.32M | 48.56M | 22.14M | 12.13M | 9.66M | 11.52M |
| Cost of Revenue | 16.50M | 10.89M | 6.24M | 3.53M | 9.06M | 34.77M | 13.79M | 6.96M | 5.50M | 6.62M |
| Gross Profit | 18.43M | 9.03M | 8.06M | 5.70M | 10.26M | 13.80M | 8.34M | 5.17M | 4.17M | 4.90M |
| Gross Profit Ratio | 52.77% | 45.33% | 56.37% | 61.74% | 53.12% | 28.41% | 37.69% | 42.62% | 43.11% | 42.54% |
| Research & Development | 18.27M | 18.62M | 8.29M | 3.19M | 1.43M | 131.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 27.04M | 26.61M | 22.96M | 12.12M | 14.15M | 18.83M | 12.98M | 5.26M | 3.80M | 4.71M |
| Selling & Marketing | 7.35M | 8.33M | 4.47M | 2.25M | 2.22M | 1.76M | 0.00 | 0.00 | -2.00 | -4.00 |
| SG&A | 34.39M | 34.94M | 27.43M | 14.36M | 16.37M | 18.83M | 12.98M | 5.26M | 3.80M | 4.71M |
| Other Expenses | 7.89M | 6.42M | 3.55M | 62.00K | -20.00K | -28.17K | -483.91K | 0.00 | 0.00 | 302.25K |
| Operating Expenses | 60.55M | 59.98M | 39.27M | 17.55M | 17.80M | 18.83M | 12.98M | 5.26M | 3.80M | 4.79M |
| Cost & Expenses | 77.05M | 70.87M | 45.51M | 21.08M | 26.86M | 53.60M | 26.77M | 12.22M | 9.29M | 11.40M |
| Interest Income | 43.00K | 51.00K | 62.00K | 54.00K | 3.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 3.64M | 21.00K | 89.00K | 2.50M | 4.10M | 609.46K | 213.49K | 165.08K | 0.00 | 16.00 |
| Depreciation & Amortization | 7.89M | 6.78M | 3.38M | 1.96M | 1.38M | 1.05M | 688.96K | 51.87K | 70.27K | 79.65K |
| EBITDA | -34.12M | -78.04M | -27.60M | -10.10M | -7.07M | -4.14M | -4.43M | -42.01K | 439.66K | 194.44K |
| EBITDA Ratio | -97.67% | -229.95% | -193.72% | -127.64% | -29.47% | -7.62% | -20.03% | -0.35% | 4.55% | 1.69% |
| Operating Income | -42.12M | -50.95M | -31.22M | -11.85M | -7.54M | -5.04M | -4.64M | -93.88K | 369.40K | 114.79K |
| Operating Income Ratio | -120.56% | -255.77% | -218.38% | -128.31% | -39.03% | -10.37% | -20.95% | -0.77% | 3.82% | 1.00% |
| Total Other Income/Expenses | -3.54M | 1.34M | 619.00K | -2.09M | -4.82M | -557.00K | -697.40K | -165.08K | 0.00 | -16.00 |
| Income Before Tax | -45.65M | -84.44M | -30.45M | -13.94M | -14.37M | -5.67M | -5.34M | -258.96K | 369.40K | 114.78K |
| Income Before Tax Ratio | -130.69% | -423.90% | -213.00% | -150.95% | -74.35% | -11.68% | -24.10% | -2.14% | 3.82% | 1.00% |
| Income Tax Expense | 32.00K | -987.00K | -3.82M | 23.00K | 47.00K | 29.25K | -294.67K | -219.97K | 0.00 | -40.00 |
| Net Income | -45.69M | -83.45M | -26.63M | -13.96M | -14.41M | -5.70M | -5.04M | -38.98K | 369.40K | 114.78K |
| Net Income Ratio | -130.78% | -418.95% | -186.28% | -151.20% | -74.60% | -11.74% | -22.77% | -0.32% | 3.82% | 1.00% |
| EPS | -0.72 | -1.68 | -0.65 | -0.58 | -0.72 | -0.37 | -0.43 | 0.00 | 0.03 | 0.01 |
| EPS Diluted | -0.72 | -1.68 | -0.65 | -0.58 | -0.72 | -0.37 | -0.43 | 0.00 | 0.03 | 0.01 |
| Weighted Avg Shares Out | 63.17M | 49.81M | 41.16M | 24.19M | 20.03M | 15.41M | 11.67M | 13.93M | 13.93M | 13.93M |
| Weighted Avg Shares Out (Dil) | 63.17M | 49.81M | 41.16M | 24.19M | 20.03M | 15.41M | 11.77M | 13.93M | 13.93M | 13.93M |
Rekor Systems, Inc. (REKR) Q1 2023 Earnings Call Transcript
Rekor Systems, Inc. Reports First Quarter 2023 Financial Results
Traffic Congestion Cost The U.S. $81 Billion In 2022 - America's Roadways Need Better Management, And Rekor's (NASDAQ: REKR) AI Could Be The Solution
Traffic Congestion Cost The US Over $81 Billion In 2022 - One AI-Driven Company Reports Providing The Necessary Data Analytics To Facilitate Better Transportation and Greenhouse Gas Management
3 Undiscovered AI Stocks Set to Dominate the Market
Rekor Systems to Announce First Quarter Fiscal 2023 Results
Federal And State Gas Taxes Help Fund Infrastructure Projects, So What Happens As More Cars Become Electric?
Rekor Command(TM) Platform Sets New Standard for the Future of Roadway Management
Rekor Is Successfully Digitizing American Roadways With Its Advanced AI-Driven Digital Infrastructure Operating System
Rekor Awarded $14,145,000 in New Multiyear Contracts for State-Wide Traffic Count and Classification Studies for South Carolina and Florida DOTs
Source: https://incomestatements.info
Category: Stock Reports