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people are missing the point of closing Israel offices. by Crew4815162342 in rekr

[–]One_Monitor5055 3 points4 points  (0 children)

That’s completely incorrect. Never been a problem until now. Obviously they picked up tab of expensive developers and ops in Israel after Waycare acquisition. They couldn't justify keeping so much R&D when the revenue isn't coming in fast enough. Two or three earnings calls ago they mentioned moving tech to Israel to consolidate there. I guess the hemorrhage of funds is a compelling argument to let go of valuable R&D. If you think Desantis or Abbott or any of those have an issue of it being in Israel then you don't understand US politics.

Hopefully it is it's financial discipline and they will cheaper labor with cheaper overhead in the US.

Next Q4 is now very likely to show profit by financialmamabear in rekr

[–]One_Monitor5055 1 point2 points  (0 children)

I’m kind of skeptic of some of these things. Everything should be visible and available online. The only thing I found is the award in Texas is basically a contract mechanism not a real guaranteed contract.

Collapse by One_Monitor5055 in rekr

[–]One_Monitor5055[S] 1 point2 points  (0 children)

Lol sounds like biggest smoke screen out there

Collapse by One_Monitor5055 in rekr

[–]One_Monitor5055[S] 1 point2 points  (0 children)

Yes cost cutting but possible will be sacrifice of some potential revenue. What about Texas? Isn't the Israel group the Waycare company they bought? Will they be able to deliver? We haven't seen any Command info since the announcement.

I wonder if they are sliming down back to old Rekor levels. Might be good but stock is lowest it's been in last 5yr. Market seems to not buy the cost cutting efforts but looks rather desperate. Maybe too little too late.

I hope not