Rekor Systems Anticipates Over 110% Growth In Q2 2023 Revenue, Surpassing Projections As The Company Gears Up For More Growth; Sees Q2 Revenue Over $8M Vs $8.03M Est
Portfolio Pulse from Benzinga Newsdesk
Rekor Systems (NASDAQ:REKR) expects to report over 110% growth in Q2 2023 revenue, surpassing its Q2 2022 performance and estimates. The company also reports a 30% increase compared to Q1 2023. Rekor's AI-driven digital infrastructure operating system, Rekor OneTM, is a key contributor to its success. The company has recently secured several contracts, including a $14.1 million contract for traffic count and classification studies for South Carolina and Florida DOTs.
July 19, 2023 | 1:04 pm
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Rekor Systems is expected to report significant growth in Q2 2023 revenue, surpassing estimates. The company's AI-driven system, Rekor OneTM, and recent contracts contribute to its success.
Rekor Systems' expected revenue growth and recent contracts indicate a positive outlook for the company. Its AI-driven system, Rekor OneTM, is a key contributor to its success, providing a competitive edge in the transportation infrastructure market. This could potentially lead to an increase in the company's stock price in the short term.
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