- Rekor was formed as a shell company that went on a baffling spree of acquisitions only to divest or close the majority of its acquired companies after accumulating massive losses.
- What's left of Rekor bills itself as an AI-driven machine learning SaaS offering, but their only remaining business is banal red light cameras and cameras/software that recognize license plate numbers.
- Despite being down +40% from recent highs, my sum of parts analysis comes to a fair value of $1.86 per share, implying 58% in further downside from current levels.
- There are more questions than answers with respect to management's history and their actions at Rekor. Litigation with a former subsidiary unveils serious concerns.
For further details see:
Rekor Systems: Sum Of Parts Analysis Implies 58% Downside, With Red Flags On Corporate Governance