Rekor Systems Inc

Rekor Systems, Inc. is a holding company, which engages in the provision of real-time roadway, customer, and public safety intelligence solutions through its subsidiaries. It specializes in intelligent roadway systems developed to take advantage of recent developments in artificial intelligence. The company was founded by James K. McCarthy on February 6, 2017 and is headquartered in Columbia, MD.

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Rekor Systems reports revenue growth, eyes profitability by 2023

Rekor Systems Inc's shift to recurring revenue drove a substantial revenue increase in 2022.
Despite challenges like EBITDA losses and impairments, the company aims for profitability by 2023.
Strong growth opportunities exist in urban mobility, global expansion, and tailored technology solutions.
Efficiency measures and strategic investments position Rekor for future growth and market penetration.

Rekor Systems Inc reports stellar Q1 results and eyes profitability

Rekor Systems Inc delivered stellar Q1 2023 results, marked by significant revenue growth and enhanced financial stability.
The company's strategic focus on recurring revenue, cost management, and technology investments positions it well for future success.
With a clear path to profitability and a promising outlook on state projects, Rekor is poised for continued growth and market expansion.

Rekor Systems Inc reports stellar Q2 results and eyes growth

Rekor Systems Inc delivered exceptional Q2 2023 results, marked by significant revenue growth, improved operational efficiency, and strong financial performance.
While challenges like narrowing operating losses persist, the company's focus on recurring revenue and prudent expense management positions it well for future growth.
With increased contracts secured and a positive financial outlook, Rekor has opportunities to capitalize on its strengths and drive further shareholder value.

Rekor Systems reports record Q3 revenue and eyes state contracts

Rekor Systems demonstrated strong financial performance in Q3 2023, with revenue growth, margin improvement, and reduced operating losses.
The company's focus on urban mobility and unique technology capabilities present competitive strengths, but funding challenges and profitability targets remain key concerns.
Opportunities lie in securing state contracts, doubling revenue, and capitalizing on the market demand for digital roadway solutions through strategic growth initiatives.

Rekor Systems reports robust 2023 performance and eyes revenue growth

Rekor Systems demonstrated strong financial performance and operational improvements in 2023, supported by liquidity enhancements through various financial transactions.
The company's focus on technological advancements, market opportunities, and deployment expansion positions them for future growth and margin improvement.
While challenges exist in addressing going concern language and balancing growth with profitability, Rekor's emphasis on efficiency and adaptability presents opportunities for sustainable revenue growth.

Rekor Systems reports robust revenue growth but faces margin pressure

Rekor Systems reported strong revenue growth in Q1 2024 but faced margin pressure and internal control issues. The company's strategic acquisitions and focus on recurring revenue streams present opportunities for future growth.

Rekor Systems Inc reports robust Q2 growth and strategic partnerships

Rekor Systems Inc's Q2 performance reflects strong revenue growth, improved financial metrics, and a focus on strategic partnerships and market expansion.
While facing challenges such as weather interruptions and profitability targets, the company remains optimistic about future profitability and growth prospects.
With a solid foundation in government contracts, customer traction, and key partnerships, Rekor is poised to capitalize on opportunities for higher margins and market expansion.

Rekor Systems Inc. reports revenue growth and strategic partnerships in Q3 2024

Rekor Systems Inc.'s Q3 2024 performance showcased revenue growth, strategic partnerships, and progress in product deployments. While facing challenges in cost optimization and margin fluctuations, the company is focused on achieving positive cash flow by 2025. Opportunities lie in leveraging partnerships, expanding deployments, and capitalizing on momentum in key segments.

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Rekor Systems, Inc. is a technology company, which engages in the provision of roadway intelligence and data-driven mobility insights. It offers comprehensive, continuous, and real-time roadway intelligence by leveraging artificial intelligence (AI), machine learning, and holistic data to support the intelligent infrastructure for smart mobility. The company was founded by James K. McCarthy on February 6, 2017 and is headquartered in Columbia, MD.

Rekor Systems, Inc. (NASDAQ:REKR ) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants David Desharnais - President and CEO Eyal Hen - CFO Conference Call Participants Mike Lattimore - Northland Capital Markets Louie DiPalma - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to today's Rekor Systems, Inc. Conference Call. My name is Kevin, and I will be your coordinator for today.

Rekor Systems, Inc. (REKR) Q3 2024 Earnings Call Transcript

Rekor Systems, Inc. (REKR) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.16 per share a year ago.

Rekor Systems, Inc. (REKR) Reports Q3 Loss, Lags Revenue Estimates

Company will host earnings call on Thursday, November 14, 2024 COLUMBIA, MD / ACCESSWIRE / October 14, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the" Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its financial results for the third quarter of 2024 will be released on Thursday, November 14, 2024, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m.

Rekor Systems to Announce Third Quarter Fiscal 2024 Results

Rekor Systems (REKR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -23.63% in 4 Weeks, Here's Why Rekor Systems (REKR) Looks Ripe for a Turnaround

COLUMBIA, MD / ACCESSWIRE / September 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the release of a new shareholder letter from President and CEO David Desharnais. The letter offers an overview of the Company's recent achievements, strategic milestones, and future growth prospects.

Rekor Systems President and CEO David Desharnais Outlines Strategic Vision and Growth Milestones in New Shareholder Letter

Respected ITS Industry Veteran to Drive Channel Expansion in North America and Global Markets COLUMBIA, MD / ACCESSWIRE / September 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the appointment of Rish Malhotra as Executive Vice President of Global Strategic Growth. With over 20 years of international management experience in the Intelligent Transportation Solutions (ITS) sector, Mr.

Rekor Systems Strengthens Leadership with Industry Expert Rish Malhotra as Executive Vice President of Global Strategic Growth

Rekor provides Rekor Scout®, Rekor Discover™, and Rekor Command™ Customers with Certifiable Confidence and Trust in Data Security COLUMBIA, MD / ACCESSWIRE / August 21, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its Rekor Scout® and Rekor Discover™ platforms have successfully completed the Service Organization Control (SOC) 2 Type II audit, joining the already SOC 2 compliant Rekor Command™ platform. This achievement highlights Rekor's ongoing commitment to the highest standards of security and operational excellence.

Rekor Secures SOC2 Type II Certification, Setting Standard for Roadway Data Protection

Rekor Systems, Inc. (NASDAQ:REKR ) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants David Desharnais - President and CEO Eyal Hen - CFO Conference Call Participants Mike Latimore - Northland Capital Markets Noah Levitz - William Blair KC Ambrecht - Shay Capital Operator Good afternoon, ladies and gentlemen, and welcome to today's Rekor Systems, Inc. Conference Call. My name is Diego, and I will be your coordinator for today.

Rekor Systems, Inc. (REKR) Q2 2024 Earnings Call Transcript

Rekor Systems, Inc. (REKR) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.18 per share a year ago.

Rekor Systems, Inc. (REKR) Reports Q2 Loss, Tops Revenue Estimates

Highlights: Received $15 million prepaid advance under facility to provide up to $35 million in financing, strengthening the Company's financial position and supporting future growth initiatives Q2 2024 gross revenue increased 45% to $12.4 million compared to $8.6 million in Q2 2023 Q2 year-to-date 2024 gross revenue increased 51% to $22.2 million compared to $14.7 million in 2023 Improved Adjusted EBITDA from a loss of $7.2 million for Q2 2023 to a loss of $5.8 million for Q2 2024 Secured $1.5 million contract with Maryland DOT for the Strategic Corridor Monitoring project Expanded adoption of the Rekor CommandTM platform by transportation agencies in Oklahoma, Kansas, and Umatilla County, Oregon Awarded multi-year contracts with TxDOT, Ohio DOT, and Pitkin County, Colorado, valued at up to $15 million Appointed specialty investment bank B.C. Ziegler & Company as the placement agent for future revenue-sharing notes COLUMBIA, MD / ACCESSWIRE / August 14, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing advanced roadway intelligence technology, today announced its financial results for the quarter ending June 30, 2024.

Rekor Systems, Inc. Announces Strong Second Quarter 2024 Financial Results, Secures Facility for Up to $35 Million in Financing, Accelerates Customer Adoption Across All Business Segments

Up to $15 Million In Combined Multi-Year Contracts for Traffic Data and Air Quality Studies COLUMBIA, MD / ACCESSWIRE / August 12, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it has secured significant contracts with the Texas Department of Transportation (TxDOT), the Ohio Department of Transportation (OhioDOT), and Pitkin County, Colorado for comprehensive traffic studies. These multi-year agreements, valued at up to $15 million, signal Rekor's continued westward expansion across the United States and underscores the growing adoption by state and local transportation agencies of Rekor's traffic services, including AI-based vehicle classification, vehicle counting, and speed detection (CCS), as well as air quality studies using the CCS and Vehicle Insite applications within Rekor Discover™.

Rekor Expands Westward with Major Contracts in Texas, Ohio, and Colorado for Traffic Data Collection and Reporting

Rekor Command™ Platform Enables State, Regional, and Rural Transportation Agencies to step into the Future of Traffic Management with AI-Driven Event Detection, Response and Analytics COLUMBIA, MD / ACCESSWIRE / August 7, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the initial adoption of its industry-leading Rekor Command™ platform by Departments of Transportation (DOT) in Oklahoma, Kansas, and Umatilla County, Oregon. These agencies can now monitor traffic in real-time and leverage AI-driven insights in specific areas of these states to better inform and respond swiftly to potentially dangerous roadway incidents, up to 23 minutes faster than traditional approaches across urban and rural regions.

Rekor Command(TM) Platform Transforms Traffic Management and Enhances Roadway Safety With Initial Adoptions in Oklahoma, Kansas, and Oregon

Rekor Discover to Power Corridor Management and Sustainable Mobility Across Maryland's I-495, I-95, and I-695 Roadways COLUMBIA, MD / ACCESSWIRE / August 5, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the launch of its Strategic Corridor Monitoring project, funded by an initial stage one $1,497,000 federal and state grant. This groundbreaking initiative will deploy Rekor's state-of-the-art AI-powered sensors along vital transportation corridors from Washington, D.C.

Rekor Systems Pioneers $1.5M Roadway Intelligence Program for Maryland Highways

Simplified Procurement Accelerates Security and Safety Initiatives that use Rekor's AI-Driven Vehicle Recognition Technology COLUMBIA, MD / ACCESSWIRE / August 2, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the availability of its Rekor Scout® Platform in AWS Marketplace and Rekor Edge Pro on Amazon Business. The AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors.

Rekor's Industry-Leading Public Safety Solutions Now Available in AWS Marketplace and Amazon Business

Company will host earnings call on Wednesday, August 14, 2024 COLUMBIA, MD / ACCESSWIRE / July 30, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its financial results for the second quarter of 2024 will be released on Wednesday, August 14, 2024, after market close. On the same day, the company will host its earnings conference call at 4:30 p.m.

Rekor Systems to Announce Second Quarter Fiscal 2024 Results

Simplified Procurement Approach Makes It Easier and Faster for States to Accelerate Roadway and Traffic Monitoring Programs COLUMBIA, MD / ACCESSWIRE / June 8, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the availability of its leading Rekor Discover™ Platform, including the Class, Count & Speed and Vehicle Insite applications, in AWS Marketplace. AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software running on Amazon Web Services (AWS).

Industry-Leading Platform for AI-Driven Traffic Studies - Rekor Discover(TM) - Now Available in AWS Marketplace

COLUMBIA, MD / ACCESSWIRE / June 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that David Desharnais, Rekor's President and CEO, will present to the investor community and host meetings at the upcoming William Blair Growth Stock Conference. William Blair 44th Annual Growth Stock Conference Presentation Date and Time: Thursday, June 5, 2024, at 10:40 CT (11:40 am ET).

Rekor Systems to Present at Upcoming William Blair 44th Annual Growth Stock Conference

Company Introduces Next-Generation Solution for AI-based Traffic Studies and Analytics Rekor Previews Advanced New Features to Help DOTs Meet Emerging Government Policies for Air Quality, Data Management, AI Innovation, and Cyber Security for Protecting Critical Transportation Infrastructure COLUMBIA, MD / ACCESSWIRE / May 31, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the unveiling of a series of new and significant capabilities in its leading AI-driven traffic analytics platform, Rekor Discover™. These will be showcased at the upcoming National Travel Monitoring Exposition and Conference (NaTMEC) 2024, taking place June 2-5 in Boise, ID.

Rekor Discover(TM) Takes Center Stage at NaTMEC 2024

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MS2 - National Leader in Transportation Data Management Systems - Joins Rekor Partner Network COLUMBIA, MD / ACCESSWIRE / May 20, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced a partnership with MS2, the national leader in Transportation Data Management Systems (TDMS). This partnership seamlessly integrates real-time FHWA 13 bin traffic data from the Rekor Discover™ traffic analytics platform and Rekor Edge Series systems into MS2's cloud-based TDMS.

Rekor And MS2 Join Forces To Accelerate State DOT Transition To Digital Infrastructure And AI-Based Roadway Intelligence

Rekor Systems, Inc. (NASDAQ:REKR ) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Eyal Hen - Chief Financial Officer David Desharnais - President and COO Robert Berman - Chairman and CEO Conference Call Participants Noah Levitz - William Blair Michael Latimore - Northland Capital Markets Roger Hawkins - RAH Capital Operator Good afternoon, ladies and gentlemen, and welcome to today's Rekor Systems, Inc. Conference Call. My name is Paul, and I will be your coordinator for today.

Rekor Systems, Inc. (REKR) Q1 2024 Earnings Call Transcript

David Desharnais, President and COO, appointed as CEO; Viraj Mehta, Chief Investment Officer at Arctis Global, named Executive Director of the Board; Company Founder Robert A. Berman continues as Chairman.

Rekor Systems, Inc. Reports First Quarter 2024 Financial Results

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