Rekor Systems (REKR) Q3 2026 Earnings Call Transcript
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In the first half of fiscal 2027, TD Power Systems experienced substantial growth, with total revenue increasing by 91% year over year and profit after tax more than doubling. Orders placed by customers surged 70% in the second quarter and 57% quarter-over-quarter, reaching 8.24 billion rupees. The company's EBITDA margin improved to 20.02%, up 160 basis points from 18.42%.
The core generator business continues to drive the majority of orders, making up approximately 90% of the manufacturing order book. Management remains optimistic about the company's medium-term prospects, estimating a potential billion-dollar revenue run rate over time. Despite not providing a reported EPS and actual revenue figure, the overall earnings report highlights a business expanding rapidly and converting sales into profits more quickly than revenue.
The company's performance reflects a decade-long strategy to build customer acceptance, expand its product range, and establish credibility in global markets.
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