By Chris Wack
Rekor Systems shares were up after the company reported third-quarter revenue that was higher than last year.
The stock rose 4.7%, to $2.13, in midday Friday trading. Shares are up 36% year to date.
The roadway intelligence company said it had quarterly revenue of $14.2 million, compared with $10.5 million in the same quarter last year. Analysts polled by FactSet were looking for revenue of $11 million.
The company had a loss for the quarter of $4.1 million, or 3 cents a share, compared with a loss of $12.6 million, or 14 cents a share, last year. Analysts were looking for a loss of $6.1 million, or 5 cents a share.
Rekor said its revenue was primarily driven by higher perpetual license sales during the third quarter. Cost of revenue, excluding depreciation and amortization, decreased for the three-month period compared to the prior year, mainly due to a favorable revenue mix, with a greater proportion of higher-margin software sales relative to hardware.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
November 14, 2025 12:59 ET (17:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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