Why Rekor Systems Stock Is Plunging Today
Shares of Rekor Systems (NASDAQ: REKR) fell more than 20% on Tuesday following the company's quarterly earnings release. Investors were already nervous about the company heading into earnings season, and the results did little to reassure the skeptics.
Rekor makes license plate recognition systems and traffic monitoring devices. After markets closed Monday the company reported a first-quarter loss of $0.15 per share on revenue of $4.22 million, a mixed result when compared to analyst expectations for a $0.09-per-share loss on revenue of $4 million.
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Source Fool.com
