NASDAQ$REKR
Rekor Systems Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Rekor Systems reported a 23% increase in revenue year-over-year, driven by additional products, programs, and sales, but faced a sequential revenue dip due to a shift towards a recurring revenue model and investments in infrastructure.
Rekor Systems reported a 23% increase in revenue for Q3 2021 compared to Q3 2020. The company is transitioning to a recurring revenue model, which caused a sequential dip in revenues. They also acquired Waycare Technologies to enhance their capabilities.
- Launched Rekor OneTM operating system for intelligent infrastructure.
- Evolved revenue model to focus on land-and-expand strategy.
- Performance obligations increased 57% to $23.8 million from the previous quarter.
- Recurring revenue increased 28% to $1.2 million compared to Q3 2020.
Headline financials
Revenue & EPS history
Rekor Systems · Revenue · Quarterly
$2.62M
Revenue by segment
Rekor Systems · $12.4M total across 3 segments · Q2 2025
- Urban Mobility$8.42M—68.1%
- Public Safety$3.53M—28.6%
- Transportation Management$408K—3.3%
Forward guidance
Rekor Systems expects revenues in Q4 2021 and the first half of 2022 to remain below Q1 and Q2 2021 levels as they continue to execute their land-and-expand strategy. They anticipate a meaningful pick up in revenue in the second half of 2022 and beyond.
Tailwinds
- Focus on recurring, subscription-based revenues is expected to enhance Rekor’s value proposition.
- Retaining ownership of sensors allows for customized solutions and use cases without additional sensor installations.
- Software subscriptions will expand geographic footprint more quickly.
- Expect to position the Company to achieve a meaningful pick up in revenue in the second half of 2022 and beyond.
- Aggressively growing our sales force and customer base and will use a direct consultative sales approach to expand our footprint rapidly.
Headwinds
- Revenues in the fourth quarter and first half of 2022 to remain below what we were able to generate in the first and second quarter of 2021.
- Emphasizes sensor-based subscriptions that produce lower initial revenues.
- Strategic software subscriptions to expand our geographic footprint could pose headwinds to revenue growth over the next few quarters.
- Saw a sequential dip in revenues in the quarter.
- Overall adjusted gross profit margin declined from the year-ago quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q3 2021
-3.7%
Avg return
Earnings day
-6.7%
Avg return
5 days after
+0.1%
Avg return
30 days after
33%
12 / 36 earnings
Positive
+19.2%
Q4 2020
Best reaction
-40.5%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q4 2025 | +8.1% | -2.2% | — | |
| Q1 2026 | +1.4% | -12.4% | -21.6% | |
| Q3 2025 | +6.0% | -6.4% | -14.2% | |
| Q4 2024 | +1.5% | -21.1% | +15.0% | |
| Q3 2024 | -21.5% | -20.2% | -25.9% | |
| Q2 2024 | -8.6% | -1.4% | -12.9% | |
| Q1 2024 | -16.9% | -8.8% | -11.8% | |
| Q4 2023 | +0.5% | +13.9% | -10.4% | |
| Q3 2023 | -1.5% | +1.9% | +6.3% | |
| Q2 2023 | -5.7% | +19.4% | +40.3% | |
| Q1 2023 | +0.8% | +10.4% | +46.7% | |
| Q4 2022 | -5.8% | -10.1% | -12.9% | |
| Q3 2022 | -1.9% | -13.0% | -26.9% | |
| Q2 2022 | -5.4% | -4.3% | -37.3% | |
| Q1 2022 | -11.8% | -14.2% | -24.6% | |
| Q4 2021 | +0.4% | -17.0% | -39.4% | |
| Q3 2021 | -36.6% | -31.4% | -38.6% | |
| Q2 2021 | +0.0% | -0.6% | +45.6% | |
| Q1 2021 | -40.5% | -48.9% | -39.7% | |
| Q4 2020 | +19.2% | +18.9% | +46.1% | |
| Q3 2020 | +3.7% | +9.3% | +36.9% | |
| Q2 2020 | -4.3% | +4.8% | +62.5% | |
| Q1 2020 | -11.0% | -14.5% | -15.5% | |
| Q4 2019 | +16.7% | +4.1% | +19.9% | |
| Q3 2019 | -8.8% | -7.5% | +35.0% | |
| Q2 2019 | -10.3% | +6.3% | -22.5% | |
| Q1 2019 | +0.0% | -5.7% | +14.1% | |
| Q4 2018 | +0.0% | -5.7% | +14.1% | |
| Q3 2018 | -5.0% | +10.0% | -11.9% | |
| Q2 2018 | -7.0% | -29.2% | -34.1% | |
| Q1 2017 | -6.2% | -15.4% | -27.4% | |
| Q4 2017 | +9.4% | -22.6% | -19.4% | |
| Q1 2018 | +9.4% | -22.6% | -19.4% | |
| Q3 2017 | +0.0% | -1.4% | +28.8% | |
| Q3 2016 | +0.0% | -1.4% | +28.8% | |
| Q4 2016 | +0.0% | -1.4% | +28.8% | |
| Q2 2017 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — |
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