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Rekor Systems

🇺🇸 NASDAQ:REKR

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Overview Earnings Dividends

Aug 03, 2020

•

Jun 30, 2020

Rekor Systems Q2 2020 Earnings Report

Rekor Systems reported an increase in revenue and completed the sale of non-core businesses.

Key Takeaways

Rekor Systems reported an 89% increase in gross revenue for the second quarter of 2020, reaching $2.7 million compared to $1.4 million in the same period of 2019. The company completed the sale of non-core businesses and agreed to exchange over 77% of its 2019 notes payable to common stock.

Gross revenue increased 89% to $2.7 million compared to Q2 2019.

Completed the sale of non-core businesses, AOC Key Solutions and TeamGlobal.

Agreed to exchange over 77% of its 2019 notes payable to common stock and related loan modifications.

Formed partnerships with Fortune 50 and Fortune 500 companies to use its AI software.

Total Revenue

$2.68M

Previous year: $12.3M

-78.3%

EPS

-$0.17

Previous year: -$0.27

-37.0%

Gross Profit

$1.4M

Cash and Equivalents

$1.93M

Total Assets

$22.6M

Rekor Systems

Forward Guidance

No forward guidance was provided in the earnings report.

Company Overview

Full financial data and analysis

View Rekor Systems