Rekor Systems Inc
NASDAQ:REKR
Intrinsic Value
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%.
Valuation Backtest
Rekor Systems Inc
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Fundamental Analysis
Rekor Announces Strong Q3 Growth and Optimistic Outlook
2023-Q3 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
REKR Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
REKR Price
Rekor Systems Inc
Average Annual Return | 113.81% |
Standard Deviation of Annual Returns | 224.63% |
Max Drawdown | -98% |
Market Capitalization | 187.4m USD |
Shares Outstanding | 84 404 800 |
Percentage of Shares Shorted | 14.32% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.