Rekor Q3 revenue jumps 184% to $7.4M; net loss of $48M includes $34.8M goodwill impairment

Rekor Systems, Inc.

Revenue $7.4M vs $2.6M a year ago; recurring revenue rose to 65% of total from 47%.
Net loss per share $(0.90) vs $(0.23); adjusted loss per share $(0.17) flat YoY.
Goodwill impairment charge of $34.8M triggered by market cap decline in Q3.
Performance obligations rose 27% to $28.6M; contracts won YTD $8.3M, up 14%.
Adjusted EBITDA loss widened to $(9.2M) from $(6.7M) due to higher OpEx.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rekor Systems, Inc. reported the nine months ended September 30, 2022 results: revenue $15,371,000.

Period: the nine months ended September 30, 2022
Revenue: $15,371,000
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2022, revenue increased $4,266,000 or 38% to $15,371,000, compared to $11,105,000 for the comparable period in 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rekor Systems, Inc. reported the three months ended September 30, 2022 results: revenue $7,425,000.

Period: the three months ended September 30, 2022
Revenue: $7,425,000
Result: reported results

Exact text from the filing

Revenue for the three months ended September 30, 2022, increased $4,810,000 or 184% to $7,425,000, compared to $2,615,000 for the three months ended September 30, 2021.

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Rekor Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-22-015269

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