05:20 PM EDT, 08/14/2024 (MT Newswires) -- Rekor Systems ( REKR ) reported a Q2 net loss late Wednesday of $0.12 per share, compared with a loss of $0.18 a year earlier.

Two analysts polled by Capital IQ expected a $0.13 loss.

Revenue for the quarter ended June 30 rose to $12.4 million from $8.6 million a year earlier.

Two analysts surveyed by Capital IQ expected $12.2 million.

The company said it secured a facility to provide up to $35 million in financing. Rekor ( REKR ) has drawn down $15 million from the facility to provide capital for current projects, it said.