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.

Rekor Transportation Management Platform Certified by AWS as "Well-Architected" to improve traffic and incident management , increase public safety and security, and optimize urban mobility COLUMBIA, MD / ACCESSWIRE / May 2, 2022 / Rekor Systems, Inc, (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to make communities around the world safer, smarter and more efficient by providing actionable, data-driven insights through intelligent infrastructure, today announced availability of its cloud-based Transportation Management Platform within the Amazon Web Services (AWS) Partner Network (APN). The Platform has been certified as "Well-Architected" to function in a cloud-based environment.

Rekor Systems Intelligent Infrastructure Solutions Selected for AWS Partner Network and Public Sector Partner Program

Revenue for the first quarter 2022 to exceed $3.4 million, which shows continued growth since the Company changed its business model Company will host earnings call on Monday, May 16, 2022 COLUMBIA, MD / ACCESSWIRE / April 18, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, announced today that its financial results for the first quarter of 2022 will be released on Monday, May 16, 2022, after market close. On the same day, the company will host its earnings conference call at 4:30 p.m.

Rekor Systems to Announce First Quarter 2022 Financial Results

Rekor Systems, Inc. (REKR) CEO Robert Berman on Q4 2021 Results - Earnings Call Transcript

Highlights: 2021 gross revenue increased 55% to $14.3 million as compared to $9.2 million in 2020 Raised $70.1 million in net cash proceeds during February 2021 with a public offering Acquired Waycare in August 2021, expanding global footprint, product offering and customer base Recurring revenue increased 28% to $4.6 million in 2021 as compared to $3.6 million in 2020 Performance obligations increased 35% to $22.6 million in 2021 as compared to $16.7 million in 2020 Strengthened leadership team with addition of David Desharnais as President COLUMBIA, MD / ACCESSWIRE / March 31, 2022 / Rekor Systems, Inc , (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter and more efficient cities around the world through intelligent infrastructure, today announced its financial results for the year-ended December 31, 2021. "Our results for the year ended 2021 have demonstrated another year of growth on a year-over-year basis," said Eyal Hen, Chief Financial Officer, Rekor.

Rekor Systems, Inc. Reports 2021 Financial Results

AudioEye Inc

Alithya Group

Duos Technologies Group

Ideanomics Inc

Lantronix

Vivint Smart Home Inc

These cheap AI stocks are trading at under $10 and could potentially provide multi-bagger returns in the coming years The post 7 Artificial Intelligence Stocks Under $10 for Your Watch List appeared first on InvestorPlace. More From InvestorPlace Get in Now on Tiny $3 ‘Forever Battery' Stock It doesn't matter if you have $500 in savings or $5 million.

7 Artificial Intelligence Stocks Under $10 for Your Watch List

Revenue for the year ended 2021 was above $14.0 million, compared to $9.2 million in the same period last year, a robust increase of more than 50% Company will host earnings call on Thursday, March 31, 2022 COLUMBIA, MD / ACCESSWIRE / March 14, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter and more efficient cities around the world through intelligent infrastructure, today announced that its financial results for FY2021 will be released on Thursday, March 31, 2022, after market close. On the same day, the company will host its earnings conference call at 4:30 p.m.

Rekor Systems to Announce 2021 Financial Results

Letter Details Key Advancements in Intelligent Infrastructure, Municipal Projects, and Long-term Growth Opportunities COLUMBIA, MD / ACCESSWIRE / January 31, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to build safer, smarter, and more efficient cities through intelligent infrastructure, announced today that CEO Robert A. Berman, has issued a letter to shareholders recapping strategic business plans and recent advancements that have positioned the Company for future growth.

Rekor Systems CEO Robert A. Berman Issues Letter to Shareholders Outlining Strategic Business Plan

COLUMBIA, MD / ACCESSWIRE / January 12, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to build safer, smarter, and more efficient cities through intelligent infrastructure, announced today that Robert A. Berman, CEO, will present and host one-on-one meetings with investors at the Sidoti Winter Small Cap Conference taking place virtually January 19-20, 2022.

Rekor Systems CEO Robert Berman to Present at Sidoti Virtual Investor Conference January 19-20, 2022

Rekor One™ Traffic Management and Public Safety platform provides real-time intelligence to support decision making across multiple government agencies Rekor One™ Traffic Management and Public Safety platform provides real-time intelligence to support decision making across multiple government agencies

Rekor Systems Chosen by City of Winchester, VA to Provide Smart Traffic Analytics

Seasoned Technology Executive Brings Deep Experience Leading Digital Innovation and Scaling Diverse Businesses COLUMBIA, MD / ACCESSWIRE / January 3, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide actionable insights to build safer, smarter, and more efficient cities around the world through intelligent infrastructure, today announced the appointment of David Desharnais as President. Desharnais brings over two decades of experience leading growth strategies for technology driven businesses from start-ups to multinational corporations, including Amazon and American Express, and across multiple industries.

Rekor Systems Announces David Desharnais as President

Former Microsoft and Ciena executive brings extensive experience in global teams and diversity, inclusion and equity programs COLUMBIA, MD / ACCESSWIRE / December 20, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, today announced the hiring of its first Chief People Officer. Deb Hennessy joins Rekor with more than 20 years of senior human resources leadership at large global technology and telecom companies.

Rekor Systems Taps Deb Hennessy as Chief People Officer

LAS VEGAS, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor" or the “Company”), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, and the Regional Transportation Commission of Southern Nevada (RTC) are hosting the RTC and Rekor Tech Showcase at CES 2022 in Las Vegas.

MEDIA ALERT: Regional Transportation Commission of Southern Nevada (RTC) and Rekor Systems to Host Traffic Management Tech Showcase at CES 2022

Investors need to pay close attention to Rekor Systems (REKR) stock based on the movements in the options market lately.

Implied Volatility Surging for Rekor Systems (REKR) Stock Options

Algorithm helping cities take immediate and future action against dangerous traffic congestion during unexpected hours COLUMBIA, MD / ACCESSWIRE / December 2, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, has been awarded a patent for an algorithm that is helping cities take action against irregular traffic congestion with AI-based predictive insights. Irregular or non-recurring congestion refers to traffic congestion that is outside of the norm.

Rekor Systems Awarded Patent for Algorithm that Detects Irregular Traffic Congestion

COLUMBIA, MD / ACCESSWIRE / December 1, 2021 / Rekor Systems, Inc., (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to build safer, smarter and more efficient cities around the world through intelligent infrastructure, announced today that Robert A. Berman, President and CEO, will present and host one-on-one meetings with investors at the Sidoti Virtual Micro Cap Conference taking place on December 8-9, 2021.

Rekor Systems' Robert Berman to Present at Sidoti Virtual Micro Cap Investor Conference

In six months, Company's platform achieves adoption in 26 US cities

Rekor One™ To Be Deployed in Stamford, Watertown and Middlebury, Connecticut

The company's shift in its business model causes earnings to crater.

Why Rekor Systems Stock Drove Off the Road Today

COLUMBIA, Md., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to build safer, smarter and more efficient cities around the world through intelligent infrastructure, announced that three new municipalities will deploy Rekor solutions to improve public safety.

Rekor One™ Expands Into Three New Cities

Rekor Systems' (REKR) CEO Robert Berman on Q3 2021 Results - Earnings Call Transcript

Highlights: Launched our Rekor OneTM operating system for intelligent infrastructure, which includes modules for traffic analytics, incident management, public safety, and law enforcement. Evolved our revenue model to effectively execute on our land-and-expand strategy and introduced new key performance indicators to allow investors to assess our progress, which include: Performance obligations increased 57% to $23.8 million, up from $15.2 million in the second quarter of 2021.

Rekor Systems, Inc. Reports Third Quarter 2021 Financial Results

COLUMBIA, MD / ACCESSWIRE / November 15, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, announced today that the plaintiffs in Miller v. Rekor Systems, Inc., et al.

Plaintiffs Drop Shareholder Lawsuit Against Rekor

Company to host earnings call on Monday, November 15, 2021 COLUMBIA, MD / ACCESSWIRE / November 9, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter and more efficient cities around the world through intelligent infrastructure, announced today that financial results for third quarter 2021 will be released on Monday, November 15, 2021, after market close. On the same day, the company will host an earnings conference call at 4:30 p.m.

Rekor Systems to Announce Third Quarter 2021 Financial Results

$1.2 Trillion American Jobs Plan Emphasizes Infrastructure Modernization $1.2 Trillion American Jobs Plan Emphasizes Infrastructure Modernization

Rekor Systems Commends Unprecedented Investment in US Transportation Infrastructure

Rekor One platform will be used to analyze critical traffic data in support of the City's expansive smart city goals COLUMBIA, MD / ACCESSWIRE / October 19, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, today announced that the City of Chattanooga, Tennessee (or the "City") has selected the Company's Rekor One™ platform to provide traffic analytics in support of its Smart Corridor+ infrastructure initiative. With a total area of 144.6 square miles and a population of 181,099, the City will be using Rekor One as part of a pilot program to capture and analyze traffic data to help the City discover new approaches for battling traffic congestion, improve forecasting, estimate emissions from real-time data, and increase public safety.

Rekor Systems Selected for Pilot Analytics Project for Chattanooga's Smart Corridor+ Initiative

Company elected as the 2021 winner of the ‘Industry Award' for the Americas COLUMBIA, MD / ACCESSWIRE / October 13, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, today announced that its Waycare subsidiary was awarded the Intelligent Traffic System ("ITS") World Congress Hall of Fame Industry Award for the Americas. The Industry Award recognizes exceptional companies that have deployed innovative solutions accelerating ITS programs in certain regions.

News for Rekor Systems Inc Stock (REKR)