The stagflation age for ITS is here Rekor Systems has seen cash dwindle every quarter, costs explode and revenue increasing gradually. Stagflation is here in ITS. Now they are issuing even more stock and still running out of cash.
Net Cash / share
Q121 - $2.36
Q221 - $1.95
Q321 - $0.79
Q421 - $0.54
Q122 - $0.31
Q222 - $0.22
Adjusted EBITDA $M
Q121 - (3.1)
Q221 - (2.9)
Q321 - (6.7)
Q421 - (9.0)
Q122 - (9.2)
Q222 - (11.1)
Should be very careful wishing for an M&A transaction given how brutal inflation is decimating this low margin industry.
Stagflation is already here in ITS.