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.

Company’s Chief Financial Officer to present on Thursday, September 3, 2020 Company’s Chief Financial Officer to present on Thursday, September 3, 2020

Rekor Systems’ Eyal Hen Featured at The LD 500 Virtual Conference

Company’s proprietary vehicle recognition technology integrated to reimagine the consumer shopping journey for leading retailers and hospitality businesses Company’s proprietary vehicle recognition technology integrated to reimagine the consumer shopping journey for leading retailers and hospitality businesses

Mastercard Selects Rekor Systems to Enable Touchless Economy

COLUMBIA, Md., Aug.  03, 2020  (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor") (“the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that it will be presenting at the  SNN Network Virtual Investor Conference  on August 6, 2020, at 11:30 AM EST. Robert Berman, CEO, will host the presentation and answer questions from investors.

Rekor Systems to Present at SNN Network Virtual Investor Conference on August 6, 2020

Rekor Systems, Inc. Reports Second Quarter of 2020 Financial Results

COLUMBIA, Md., July  24, 2020  (GLOBE NEWSWIRE) --  Rekor Systems, Inc , (Nasdaq: REKR) (“Rekor”) “the Company”), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that James K. McCarthy has retired as the Chairman of the Board of Directors of Rekor Systems (the "Board") effective immediately. The resignation was not the result of any disagreement with the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. After accepting Mr. McCarthy’s resignation, the Board appointed the Company’s president and CEO Robert A. Berman to be its Executive Chairman upon the recommendation of its Governance Committee.

Rekor Systems Announces Retirement of James K. McCarthy from the Board of Directors

Major Debt Reduction Achieved Major Debt Reduction Achieved

Rekor Systems Completes Note Exchange

Company achieves over 60% quarter-over-quarter revenue growth in 2020 Company achieves over 60% quarter-over-quarter revenue growth in 2020

Rekor Systems Preliminary Second Quarter Revenues Show Continued Rapid Growth

Company licenses mobile camera system IP and vehicle recognition technologies to Mesa to improve school bus safety Company licenses mobile camera system IP and vehicle recognition technologies to Mesa to improve school bus safety

Rekor Systems Expands Market Opportunities with Mesa Technologies Partnership

Company to improve liquidity and financial stability Company to improve liquidity and financial stability

Rekor Systems Announces Agreement on Note Exchange

Company completes approximately $4M sale of TeamGlobal Company completes approximately $4M sale of TeamGlobal

Rekor Systems Divests Final Non-Core Asset Subsidiary

Company’s vehicle recognition software supports national security by supplementing functionality of existing cameras. Company’s vehicle recognition software supports national security by supplementing functionality of existing cameras.

Rekor Secures $160,000 Contract from United States Department of Defense to Increase Deployment of Rekor Technology

COLUMBIA, Md., June  17, 2020  (GLOBE NEWSWIRE) -- Rekor Systems, Inc, (REKR) (“Rekor”) Rekor Systems, Inc. (NASDAQ:REKR)("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that the Company has been added to the  Russell Microcap Index  ® at the conclusion of the 2020 Russell Indexes annual reconstitution, effective after the U.S. market opens on June 29, according to a final list of additions posted June 15.

UPDATE - Rekor Set To Join Russell Microcap Index®

New corporate overview and website reflects focused mission on evolving technology and expansion into new markets New corporate overview and website reflects focused mission on evolving technology and expansion into new markets

News for Rekor Systems Inc Stock (REKR)