RE:RE:The stagflation age for ITS is here I don't think you know what you own.
If you exclude the fact that tolling back office operations is a high infrastructure cost business, the value-added opponent of what ETC does and charges for is very small.
Just because Rekor doesn't deal with paying Microsoft Azure fees and all of the tolling operations that are then passed on to the customer, doesn't make ETC a better firm. They just deal with more intensive and expensive operations that are then passed on.
But Rekor demonstrates the issues with the economy. Revenue is up a bit. But costs are killing margins and businesses are struggling.
And ETC has massive forecasting error issues. If they forecast inflation at 2% - and price for that - they live with the consequences of those decisions for 15 years!
I do find it somewhat concerning that their "win" rate might just end up being they priced the business for a loss and others aren't winning because they aren't going to price for a loss.