Cheapest Ai Stock? Is Rekor.Ai The Cheapest Artificial Intelligence Stock?
Cheapest Ai Stock? Is Rekor.Ai The Cheapest Artificial Intelligence Stock? Rekor.AI offers real-time traffic management and vehicle identification technology. Furthermore, their cutting edge Computer Vision Machine Learning Artificial Intelligence traffic software is needed by local Department’s Of Transportation across the country.
Moreover, Rekor.Ai has proven to lower accidents and motorists average speed with their real-time monitoring technology. But, at just 9.7x annualized revenue after cash, Rekor.Ai is compellingly cheap. In addition, C3.Ai traded at 100x revenue and at 26x today. Furthermore Rekor.Ai has tremendous growth that far surpasses C3.Ai or the industry’s mid teens average in the US for Ai SAAS firms.
Lastly, Snowflake is a popular stock that trades at nearly 100x its annualized revenue and with much less growth as well.
In conclusion, now with Rekor.Ai’s acquisition of loose competitor Waycare, their customer base and product offering expands instantly. Furthermore, the revenue growth should be accelerated by this merger.
Waycare saw in Rekor.Ai a great value and partner.
“Waycare is a leading provider of cloud-based AI
traffic and incident management solutions for safer
and more efficient roadways.”
“In the past year Waycare has been able to rapidly expand its footprint
with new pilot programs and has created an avenue for future monetization
through longer term contracts. Existing markets have also grown
through upsell opportunities with shorter sales cycles.
“Waycare’s diverse data partnerships allow for accurate and relevant infrastructure insights. Furthermore these partners include leading OEMs, CV marketplace providers, telematics solutions, and more. Rekor One will enhance proprietary data with these third-party sources. “
“Moreover, the combination of Rekor and Waycare’s tech creates a modular intelligence solution offering that includes modules for live traffic & incident management, public safety, real-time analytics, and more. All within the same unified platform.”