2023-03-27 16:07:18 ET
- Rekor Systems press release ( NASDAQ: REKR ): FY GAAP EPS of -$1.68 beats by $0.06 .
- Revenue of $19.92M (+72.0% Y/Y) misses by $3.26M .
- Sold our Automatic Traffic Safety Enforcement ("ATSE") business unit
- Acquired Southern Trafic Services ("STS") in June 2022, expanding our footprint, product offering, and customer base
- Recurring revenue increased 182% to $13.1 million in 2022 as compared to $4.6 million in 2021
- Performance obligations increased 45% to $21.4 million in 2022 as compared to $14.8 million in 2021.
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Rekor Systems GAAP EPS of -$1.68 beats by $0.06, revenue of $19.92M misses by $3.26M