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Side-by-side financial comparison of Protalix BioTherapeutics, Inc. (PLX) and Rekor Systems, Inc. (REKR). Click either name above to swap in a different company.

Rekor Systems, Inc. is the larger business by last-quarter revenue ($12.7M vs $9.1M, roughly 1.4× Protalix BioTherapeutics, Inc.). Protalix BioTherapeutics, Inc. runs the higher net margin — -60.3% vs -61.3%, a 0.9% gap on every dollar of revenue. On growth, Rekor Systems, Inc. posted the faster year-over-year revenue change (-4.4% vs -49.9%). Protalix BioTherapeutics, Inc. produced more free cash flow last quarter ($1.6M vs $-254.0K). Over the past eight quarters, Rekor Systems, Inc.'s revenue compounded faster (14.0% CAGR vs -6.7%).

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

Rekor Systems, Inc. is a technology firm specializing in AI-powered intelligent transportation and public safety solutions. Its core offerings include automatic license plate recognition, traffic flow analytics, and road safety monitoring tools, serving municipal governments, transportation agencies and law enforcement entities primarily across North America.

PLX vs REKR — Head-to-Head

Bigger by revenue
REKR
REKR
1.4× larger
REKR
$12.7M
$9.1M
PLX
Growing faster (revenue YoY)
REKR
REKR
+45.6% gap
REKR
-4.4%
-49.9%
PLX
Higher net margin
PLX
PLX
0.9% more per $
PLX
-60.3%
-61.3%
REKR
More free cash flow
PLX
PLX
$1.9M more FCF
PLX
$1.6M
$-254.0K
REKR
Faster 2-yr revenue CAGR
REKR
REKR
Annualised
REKR
14.0%
-6.7%
PLX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PLX
PLX
REKR
REKR
Revenue
$9.1M
$12.7M
Net Profit
$-5.5M
$-7.8M
Gross Margin
49.4%
Operating Margin
-51.1%
-55.5%
Net Margin
-60.3%
-61.3%
Revenue YoY
-49.9%
-4.4%
Net Profit YoY
-184.8%
61.8%
EPS (diluted)
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PLX
PLX
REKR
REKR
Q4 25
$9.1M
$12.7M
Q3 25
$17.9M
$14.2M
Q2 25
$15.7M
$12.4M
Q1 25
$10.1M
$9.2M
Q4 24
$18.2M
$13.3M
Q3 24
$18.0M
$10.5M
Q2 24
$13.5M
$12.4M
Q1 24
$9.8M
Net Profit
PLX
PLX
REKR
REKR
Q4 25
$-5.5M
$-7.8M
Q3 25
$2.4M
$-4.1M
Q2 25
$164.0K
$-8.7M
Q1 25
$-3.6M
$-10.9M
Q4 24
$6.5M
$-20.4M
Q3 24
$3.2M
$-12.6M
Q2 24
$-2.2M
$-9.8M
Q1 24
$-18.6M
Gross Margin
PLX
PLX
REKR
REKR
Q4 25
49.4%
Q3 25
53.4%
Q2 25
62.5%
Q1 25
19.1%
Q4 24
78.7%
Q3 24
53.4%
Q2 24
29.8%
Q1 24
Operating Margin
PLX
PLX
REKR
REKR
Q4 25
-51.1%
-55.5%
Q3 25
11.9%
-28.0%
Q2 25
7.5%
-62.6%
Q1 25
-41.0%
-110.2%
Q4 24
39.6%
-139.2%
Q3 24
22.2%
-121.9%
Q2 24
-18.0%
-81.1%
Q1 24
-132.1%
Net Margin
PLX
PLX
REKR
REKR
Q4 25
-60.3%
-61.3%
Q3 25
13.2%
-29.2%
Q2 25
1.0%
-70.1%
Q1 25
-35.8%
-118.2%
Q4 24
35.6%
-153.3%
Q3 24
18.0%
-119.9%
Q2 24
-16.4%
-78.8%
Q1 24
-190.4%
EPS (diluted)
PLX
PLX
REKR
REKR
Q4 25
$-0.06
Q3 25
$0.03
Q2 25
$0.00
Q1 25
$-0.05
Q4 24
$0.10
Q3 24
$0.03
Q2 24
$-0.03
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PLX
PLX
REKR
REKR
Cash + ST InvestmentsLiquidity on hand
$14.7M
$16.6M
Total DebtLower is stronger
$15.0M
Stockholders' EquityBook value
$48.2M
$42.9M
Total Assets
$82.3M
$85.4M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLX
PLX
REKR
REKR
Q4 25
$14.7M
$16.6M
Q3 25
$13.6M
$3.2M
Q2 25
$17.9M
$4.8M
Q1 25
$19.5M
$3.9M
Q4 24
$19.8M
$5.0M
Q3 24
$27.4M
$10.6M
Q2 24
$23.4M
$3.1M
Q1 24
$11.9M
Total Debt
PLX
PLX
REKR
REKR
Q4 25
$15.0M
Q3 25
$15.0M
Q2 25
$14.9M
Q1 25
$15.9M
Q4 24
$15.9M
Q3 24
$15.8M
Q2 24
$16.8M
Q1 24
$16.7M
Stockholders' Equity
PLX
PLX
REKR
REKR
Q4 25
$48.2M
$42.9M
Q3 25
$52.9M
$36.5M
Q2 25
$49.9M
$35.4M
Q1 25
$45.2M
$33.4M
Q4 24
$43.2M
$34.1M
Q3 24
$32.4M
$40.3M
Q2 24
$28.6M
$46.2M
Q1 24
$52.9M
Total Assets
PLX
PLX
REKR
REKR
Q4 25
$82.3M
$85.4M
Q3 25
$82.3M
$81.0M
Q2 25
$78.5M
$80.1M
Q1 25
$73.9M
$79.8M
Q4 24
$73.4M
$82.5M
Q3 24
$61.6M
$101.2M
Q2 24
$91.5M
$97.9M
Q1 24
$106.7M
Debt / Equity
PLX
PLX
REKR
REKR
Q4 25
0.35×
Q3 25
0.41×
Q2 25
0.42×
Q1 25
0.48×
Q4 24
0.47×
Q3 24
0.39×
Q2 24
0.36×
Q1 24
0.32×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PLX
PLX
REKR
REKR
Operating Cash FlowLast quarter
$2.0M
$210.0K
Free Cash FlowOCF − Capex
$1.6M
$-254.0K
FCF MarginFCF / Revenue
17.8%
-2.0%
Capex IntensityCapex / Revenue
4.4%
3.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.6M
$-22.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLX
PLX
REKR
REKR
Q4 25
$2.0M
$210.0K
Q3 25
$-3.7M
$-4.8M
Q2 25
$-5.2M
$-7.7M
Q1 25
$-5.1M
$-8.1M
Q4 24
$4.0M
$-4.9M
Q3 24
$4.1M
$-9.6M
Q2 24
$-3.6M
$-10.0M
Q1 24
$-7.9M
Free Cash Flow
PLX
PLX
REKR
REKR
Q4 25
$1.6M
$-254.0K
Q3 25
$-4.2M
$-6.3M
Q2 25
$-5.7M
$-8.0M
Q1 25
$-5.4M
$-8.4M
Q4 24
$3.6M
$-5.7M
Q3 24
$4.0M
$-10.0M
Q2 24
$-3.8M
$-10.4M
Q1 24
$-8.0M
FCF Margin
PLX
PLX
REKR
REKR
Q4 25
17.8%
-2.0%
Q3 25
-23.7%
-44.1%
Q2 25
-36.2%
-64.4%
Q1 25
-53.0%
-91.6%
Q4 24
19.6%
-43.2%
Q3 24
22.4%
-94.6%
Q2 24
-28.1%
-83.6%
Q1 24
-82.3%
Capex Intensity
PLX
PLX
REKR
REKR
Q4 25
4.4%
3.7%
Q3 25
2.8%
10.0%
Q2 25
2.8%
2.4%
Q1 25
3.0%
3.8%
Q4 24
2.3%
6.2%
Q3 24
0.5%
3.3%
Q2 24
1.3%
2.8%
Q1 24
1.6%
Cash Conversion
PLX
PLX
REKR
REKR
Q4 25
Q3 25
-1.58×
Q2 25
-31.91×
Q1 25
Q4 24
0.61×
Q3 24
1.27×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PLX
PLX

Products$8.7M95%
Other$428.0K5%

REKR
REKR

Urban Mobility$8.4M66%
Public Safety$3.8M30%
Other$529.0K4%

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