Why Rekor Systems Stock Drove Off the Road Today
Shares of Rekor Systems (NASDAQ: REKR) were down more than 34% late Tuesday morning following the traffic monitoring and analytics company's quarterly earnings report. Rekor's results came in well below expectations, and investors headed for the exit ramp as a result.
On Monday evening, Rekor reported a third-quarter loss of $0.23 per share on revenue of $2.6 million. That's well below the $0.12 per share loss on revenue of $5.01 million that Wall Street had expected.
Image source: Getty Images.
Source Fool.com
