- Rekor is bringing a water pistol to the ALPR gunfight. Global competitors are miles ahead and have already established beach-heads in hot new markets such as urban congestion tolling.
- Investors have become enamored with Rekor's Oklahoma auto insurance initiative, but realized results suggest management's potential revenue guidance could be overstated by up to 80%.
- While ALPR industry data is closely guarded, a non-profit's tracking of police contracts lists +850 ALPR contracts. Rekor accounts for a mere 7 of them outside Oklahoma.
- Rekor trades at a shocking 40x LTM sales, opening the door to the massive downside if growth doesn't show up. Declining contract backlogs and earnings call comments sound the alarm.
For further details see:
Rekor Systems: Lackluster Growth Runway And Exaggerated Insurance Scheme Raise Substantial Downside Risk