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Rekor Systems Inc
NASDAQ:REKR

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Rekor Systems Inc Logo
Rekor Systems Inc
NASDAQ:REKR
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Price: 2.22 USD 9.9% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

REKR's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

Rekor Systems, Inc. is a holding company, which engages in the provision of real-time roadway, customer, and public safety intelligence solutions through its subsidiaries. [ Read More ]

The intrinsic value of one REKR stock under the Base Case scenario is 3.87 USD. Compared to the current market price of 2.22 USD, Rekor Systems Inc is Undervalued by 43%.

Key Points:
REKR Intrinsic Value
Base Case
3.87 USD
Undervaluation 43%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Rekor Systems Inc

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Fundamental Analysis

Rekor Announces Strong Q3 Growth and Optimistic Outlook
2023-Q3 Earnings Call

Rekor Announces Strong Q3 Growth and Optimistic Outlook

In Q3 2023, Rekor delivered a commendable performance, marking notable achievements in revenue growth, operational efficiency, and shareholder value. The company has seen a 268% five-year compound annual growth rate in technology revenue. In the third quarter, Rekor's top-line increased by 6.5% quarter-over-quarter, and revenue surged to $9.1 million, representing a 34.5% jump compared to the same quarter last year, indicating prudent financial management amidst acquisitions and R&D investments. Rekor's revenue per share exceeds that of similar AI companies, and they've achieved this with judicious use of equity. Looking ahead, Rekor anticipates a strong fourth quarter and expects to meet or surpass full-year estimates, reinforcing confidence in its upward trajectory.

Financials

Balance Sheet Decomposition
Rekor Systems Inc

Current Assets 19.9m
Cash & Short-Term Investments 7m
Receivables 7.4m
Other Current Assets 5.5m
Non-Current Assets 68.3m
PP&E 25.6m
Intangibles 38.8m
Other Non-Current Assets 3.9m
Current Liabilities 16.3m
Accounts Payable 5.6m
Accrued Liabilities 4.2m
Other Current Liabilities 6.4m
Non-Current Liabilities 28.3m
Long-Term Debt 11.2m
Other Non-Current Liabilities 17.1m
Efficiency

Earnings Waterfall
Rekor Systems Inc

Revenue
28.4m USD
Cost of Revenue
-13.4m USD
Gross Profit
15m USD
Operating Expenses
-57.8m USD
Operating Income
-42.8m USD
Other Expenses
1.6m USD
Net Income
-41.2m USD

Free Cash Flow Analysis
Rekor Systems Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
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Fundamental Scores

REKR Profitability Score
Profitability Due Diligence

Rekor Systems Inc's profitability score is 36/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Exceptional Revenue Growth Forecast
Positive Gross Profit
Exceptional 1-Year Revenue Growth
36/100
Profitability
Score

Rekor Systems Inc's profitability score is 36/100. The higher the profitability score, the more profitable the company is.

REKR Solvency Score
Solvency Due Diligence

Rekor Systems Inc's solvency score is 37/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Positive Net Debt
37/100
Solvency
Score

Rekor Systems Inc's solvency score is 37/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

REKR Price Targets Summary
Rekor Systems Inc

Wall Street analysts forecast REKR stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for REKR is 4.59 USD with a low forecast of 4.55 USD and a high forecast of 4.73 USD.

Lowest
Price Target
4.55 USD
105% Upside
Average
Price Target
4.59 USD
107% Upside
Highest
Price Target
4.73 USD
113% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

REKR Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

REKR Price
Rekor Systems Inc

1M 1M
-1%
6M 6M
-21%
1Y 1Y
+69%
3Y 3Y
-88%
5Y 5Y
+236%
10Y 10Y
-26%
Annual Price Range
2.22
52w Low
1
52w High
4.08
Price Metrics
Average Annual Return 113.81%
Standard Deviation of Annual Returns 224.63%
Max Drawdown -98%
Shares Statistics
Market Capitalization 187.4m USD
Shares Outstanding 84 404 800
Percentage of Shares Shorted 14.32%

REKR Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Rekor Systems Inc Logo
Rekor Systems Inc

Country

United States of America

Industry

Technology

Market Cap

187.4m USD

Dividend Yield

0%

Description

Rekor Systems, Inc. is a holding company, which engages in the provision of real-time roadway, customer, and public safety intelligence solutions through its subsidiaries. The company is headquartered in Columbia, Maryland and currently employs 249 full-time employees. The company went IPO on 2017-08-28. The firm provides real-time intelligence platforms, artificial intelligence (AI)-powered software, and smart optical devices to improve roadway safety, while enabling connected cities and communities. Its Rekor One Intelligence Platform is a modular, configurable, rapid development platform that houses the machine learning models and other technology that power all its business lines and solutions, including Rekor One for Traffic Management, Rekor One for Public Safety, and multiple commercial use-cases. Its Rekor One Traffic Management Solutions include software modules for Roadway Monitoring and Response (RMR), Traffic and Infrastructure Analytics (TIA), and its Live and Archival Traffic View (LATV). Its Rekor One Public Safety solution includes license plate and vehicle recognition technology that can analyze multi-spectral images and video streams using AI-trained algorithms.

Contact

MARYLAND
Columbia
7172 Columbia Gateway Dr Ste 400
+14107620800.0
https://www.rekor.ai/

IPO

2017-08-28

Employees

249

Officers

Executive Chairman & CEO
Mr. Robert Alan Berman
President & COO
Mr. David Philip Desharnais
Chief Financial Officer
Mr. Eyal Hen
Chief Technology Officer
Mr. Christopher Kadoch
Chief Science Officer
Mr. Mathew Anthony Hill
Director of Investor Relations
Mr. Bulent S. Ozcan C.F.A.
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Outside General Counsel
Mr. Claud V. S. Eley
Executive Vice President of Government Relations & Corporate Communications
Mr. Charles A. Degliomini
Chief People Officer
Ms. Debra Shakerdge-Hennessy
Executive Vice President of Strategic Program Development
Mr. Riaz Latifullah
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See Also

Discover More
What is the Intrinsic Value of one REKR stock?

The intrinsic value of one REKR stock under the Base Case scenario is 3.87 USD.

Is REKR stock undervalued or overvalued?

Compared to the current market price of 2.22 USD, Rekor Systems Inc is Undervalued by 43%.