Summary
- The company guides for breakeven EBITDA by Q3 2023, with "some" profitability as well - I see that as being overly optimistic.
- Although its transition from a point-in-time revenue model to a recurring revenue model is showing progress, the company must accelerate the process because of limited liquidity.
- With under $8.00 million in cash at the end of Q3, operating expenses soaring, losses mounting, and the termination of an equity offering, the firm faces liquidity issues.
For further details see:
Rekor Systems: Breakeven EBITDA, Profitability By Q3 2023? Not Likely