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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Wall Street is adjusting expectations downward.

Why Rekor Systems Stock Is Plunging Today

Rekor Systems, Inc. (REKR) CEO Robert Berman on Q1 2021 Results - Earnings Call Transcript

Highlights: First quarter 2021 gross revenue increased 164% to $4.2 million as compared to $1.6 million in the first quarter of 2020 Raised $70.1 million in net cash proceeds during February 2021 with an underwritten public offering COLUMBIA, MD / ACCESSWIRE / May 10, 2021 / Rekor Systems, Inc, (NASDAQ:REKR) ("Rekor"), a provider of real-time roadway, customer and public safety intelligence to enable AI-driven decisions, today announced its unaudited financial results for the first quarter of 2021. "Our results in the first quarter have demonstrated a continuing high level of growth on a year-over-year basis," said Eyal Hen, Chief Financial Officer, Rekor.

Rekor Systems, Inc. Reports First Quarter 2021 Financial Results

Company expects to achieve more than 160% revenue growth in Q1 2021 over the same quarter in 2020 COLUMBIA, MD / ACCESSWIRE / April 19, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a provider of real-time roadway, customer and public safety intelligence to enable AI-driven decisions, announced today that it expects to report gross revenue exceeding $4.2 million for the first quarter of 2021 as compared to $1.6 million the same quarter of 2020, which represents growth of more than 160%. In the first quarter, Rekor closed a secondary offering of 6,126,936 shares of common stock, providing $70.1 million in net cash proceeds.

Rekor Systems Announces Preliminary First Quarter 2021 Revenues

Company president and CEO to present Thursday, April 22, 2021 Company president and CEO to present Thursday, April 22, 2021

Rekor Systems' Robert Berman to Speak with Investors at Planet MicroCap Showcase

COLUMBIA, Md., March 19, 2021 (GLOBE NEWSWIRE) -- Rekor Systems, Inc , (NASDAQ:REKR) ("Rekor"), a provider of real-time roadway, customer and public safety intelligence to enable AI-driven decisions, today announced the expansion of its channel partner program and launch of its partner portal, which will connect Rekor partners with relevant training and collateral resources, as well as enable opportunity tracking and support inquiries.

Rekor Expands Channel Partner Program, Launches Partner Portal

Highlights: 2020 gross revenue increased 69% to $9.2 million as compared to $5.5 million in 2019 Fourth quarter 2020 gross revenue increased 88% to $2.8 million as compared to $1.5 million in the fourth quarter of 2019 Raised $70.1 million in net cash proceeds during February 2021, with a public offering COLUMBIA, MD / ACCESSWIRE / March 10, 2021 / Rekor Systems, Inc , (NASDAQ:REKR) ("Rekor"), a provider of real-time roadway, customer and public safety intelligence to enable AI-driven decisions, today announced its financial results for the year-ended December 31, 2020. "Our results for the year ended 2020 have demonstrated a remarkably high level of growth on a year-over-year basis," said Eyal Hen, Chief Financial Officer, Rekor.

Rekor Systems, Inc. Reports 2020 Financial Results

Company to host earnings call on Wednesday, March 10, 2021 COLUMBIA, MD / ACCESSWIRE / March 5, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor"), a Maryland-based company providing real-time roadway, customer and public safety intelligence to enable AI-driven decisions, today announced that financial results for the fourth quarter and year ended December 31, 2020, will be released Wednesday, March 10, 2021. The company will host a conference call at 4:45 p.m.

Rekor Systems To Announce 2020 Financial Results

Iteris

Smart mobility infrastructure management company Iteris Inc's (NASDAQ: ITI) board unanimously rejected the non-binding, unsolicited proposal from Rekor Systems Inc (NASDAQ: REKR) to acquire Iteris for 17% cash and 83% Rekor shares at current stock prices. Iteris Board unanimously rejected the unsolicited proposal as it significantly undervalues the company, according to Iteris Chairman Tom Thomas.

Iteris Shares Are Trading Higher As Board Rejects Rekor Systems Acquisition Proposal

COLUMBIA, MD / ACCESSWIRE / March 1, 2021 / Rekor Systems, Inc., (NASDAQ:REKR) ("Rekor") (the "Company") a Maryland-based company providing real-time roadway, customer and public safety intelligence to enable AI-driven decisions, announced today that on February 20, 2021, it had advised Iteris, Inc. (ITI) that it was prepared to offer to purchase all of Iteris' outstanding common stock. The offer to Iteris was for a combination of cash and common stock subject to confirmatory diligence and approval of both boards of directors.

Rekor Systems Comments On Offer To Purchase Iteris

Platform Will Pilot at Three State Parks to Assess Usage Platform Will Pilot at Three State Parks to Assess Usage

North Dakota Parks and Recreation Department Selects Rekor One to Modernize Data Collection and Scale for Future Needs

The provider of AI solutions priced a new stock offering, and investors didn't know which way to go from there.

Why Rekor Systems Stock Dropped Then Jumped Friday

Rekor Systems, Inc. (NASDAQ: REKR) priced 5.327 million shares at $12.25 per share to rake in gross proceeds of $65.3 million from a secondary offering. The offer price is at a 17.5% discount from REKR's last closing price of $14.80.

Rekor Raises $65.3M From Secondary Offering At 17.5% Discount From Last Closing Price

Company's Chief Executive Officer to present on Tuesday, January 19, 2021 COLUMBIA, MD / ACCESSWIRE / January 19, 2021 / Rekor (NASDAQ:REKR) ("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced that its President and Chief Executive Officer, Robert A. Berman, will present at NobleCon17 - Noble Capital Markets' Seventeenth Annual Small and Microcap Investor Conference on Tuesday, January 19, 2021, at 2:15pm Eastern Standard Time.

Rekor Systems Robert A. Berman Featured at NobleCon17

Company adds new features, greatly expands existing capabilities on its AI-based platform now called Rekor Scout™ Company adds new features, greatly expands existing capabilities on its AI-based platform now called Rekor Scout™

Rekor Redefines Privacy, Security and Sharing for License Plate Data for Commercial and Government Users

Company launches state-wide program in just 61 days

Oklahoma Kicks Off Use of Rekor's Vehicle Recognition Technology to Power Uninsured Vehicle Enforcement Program

App requires no cellular service or Wi-Fi connection App requires no cellular service or Wi-Fi connection

Rekor Launches Mobile App, Turning Smartphones Into AI-Powered Vehicle Recognition Devices for Commercial Users

Rekor Systems, Inc. (REKR) CEO Robert Berman on Q3 2020 Results - Earnings Call Transcript

Rekor's AI-based platform will be integrated across the state to identify non -compliant vehicles

Oklahoma Selects Rekor Systems to Mitigate Uninsured Motorists

Rekor Will Install 30 Cameras Across Dauphin County Rekor Will Install 30 Cameras Across Dauphin County

Pennsylvania District Attorney's Office Signs Rekor to Provide Vehicle Recognition Across Agencies

Collierville, TN, will Use Vehicle Recognition Service and Mobile Application Collierville, TN, will Use Vehicle Recognition Service and Mobile Application

Tennessee Police Department Selects Rekor to Improve Community Safety

Unique System to Speed Actionable Insights, Reduce Cost and Increase Revenue for Government Agencies

Rekor Announces Revolutionary New Roadway Intelligence Platform

Company Now Substantially Debt Free Company Now Substantially Debt Free

Rekor Systems Completes Major Debt Retirement

COLUMBIA, Md., Sept.  16, 2020  (GLOBE NEWSWIRE) -- Rekor Systems, inc. (NASDAQ: REKR), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced that Eyal Hen, Chief Financial Officer, will participate in the Lake Street 4rd Annual Best Ideas Growth (BIG4) Conference on September 17, 2020. Company Mr. Hen will be available for virtual one-on-one meetings with institutional investors on that same day.

Rekor Systems, Inc. to Participate in the Lake Street 4th Annual Best Ideas Growth Conference on September 17, 2020

Rekor Go Mobile Application Available for Purchase in Fall 2020 Rekor Go Mobile Application Available for Purchase in Fall 2020

News for Rekor Systems Inc Stock (REKR)