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.

Volvo AB

Rekor Systems Inc's (NASDAQ: REKR) Waycare subsidiary will conduct a strategic research initiative by Geely Automobile Holdings Ltd (OTC: GELYF) (OTC: GELYY) owned Volvo Cars to ascertain how they can use artificial intelligence to enable predictive awareness in a smart city context.  The six-month pilot test, beginning in October 2021, involves the Waycare technology for AI-based crash prediction in Volvo Cars' hometown of Gothenburg, Sweden.

Rekor's Waycare, Volvo Cars Bond Over AI Crash Prediction

Company's technology to be piloted as part of research project with the Swedish Transport Administration and Gothenburg Traffic Management Center COLUMBIA, MD / ACCESSWIRE / October 11, 2021 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide intelligent infrastructure and insights that build safer, smarter and more efficient cities around the world through intelligent infrastructure, today announced that its Waycare subsidiary has been selected for a strategic research initiative by Volvo Cars to ascertain how artificial intelligence can be used to enable predictive awareness in a smart city context. This marks the first deployment in Europe for the company's crash prediction technology.

Rekor Subsidiary Waycare Collaborates with Volvo Cars for AI-enabled Crash Prediction

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

Is the Options Market Predicting a Spike in Rekor (REKR) Stock?

AI technology company Rekor Systems Inc (NASDAQ: REKR) collaborated with Weather Intelligence Platform, Tomorrow.io, for real-time weather conditions and forecasts. The financial terms of the data partnership were not disclosed.

Rekor Bonds With Tomorrow.io To Beat Weather Related Traffic Issues

Partnership will provide greater visibility into extreme weather events that can impact road safety to enhance proactive traffic management operations COLUMBIA, MD / ACCESSWIRE / October 5, 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, today announced that it has partnered with the world's leading Weather Intelligence Platform, Tomorrow.io. The partnership will enable data integration to provide transportation agencies increased visibility into weather-related challenges impacting traffic conditions.

Rekor Systems Announces Data Partnership With Tomorrow.io on Real-Time Weather Conditions and Forecasts

AI technology company Rekor Systems Inc (NASDAQ: REKR) announced that three Mid-Atlantic customers would deploy Rekor solutions to improve public safety in their respective municipalities. The Cities of Vineland, NJ, and New Rochelle, NY, have chosen the Rekor One vehicle intelligence platform in partnership with their respective police departments.

Municipalities Adopt Rekor Solutions For Public Safety

COLUMBIA, MD / ACCESSWIRE / October 4, 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 that three Mid-Atlantic customers will deploy Rekor solutions to improve public safety in their respective municipalities. The Cities of Vineland, NJ and New Rochelle, NY have each selected the Rekor One™ vehicle intelligence platform in partnership with their respective police departments, while the Greenburgh Police Department of New York elected to significantly expand its use of the Rekor One™ platform.

Three Municipalities to Deploy Rekor On(TM) to Support Public Safety Missions

Toyota Motor

AI technology company Rekor Systems Inc (NASDAQ: REKR) subsidiary Waycare Technologies collaborated with the Toyota Mobility Foundation (NYSE: TM) to reduce traffic congestion and incidents in Bangkok, Thailand.  The program aims to ease traffic congestion, significantly reduce traffic fatalities, decrease vehicle emissions, provide economic savings and improve quality of life.

Rekor's Waycare Partners With Toyota Mobility Foundation For AI Traffic Management In Bangkok

The collaboration leverages AI to reduce congestion and prevent traffic incidents on one of the busiest roads in Thailand, Rama IV Road COLUMBIA, MD / ACCESSWIRE / September 30, 2021 / Today, 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 its subsidiary Waycare Technologies ("Waycare") has collaborated with the Toyota Mobility Foundation ("TMF") to reduce traffic congestion and incidents in Bangkok, Thailand. The deployment, which is expected to run for a year, targets Thailand's oldest and busiest road-Rama IV Road in Bangkok.

Toyota Mobility Foundation Works with Rekor Subsidiary Waycare Technologies to Improve Traffic Congestion and Safety in Central Bangkok Using Artificial Intelligence

The traffic safety systems provider just announced a new contract with the state of Utah ... that actually began two months ago.

Why Rekor Stock Rocketed by 9.5% Today

Rekor Systems Inc (NASDAQ: REKR) subsidiary Waycare has launched the pilot deployment of traffic management technology within the Utah Department of Transportation (UDOT) and Utah Department of Public Safety (DPS).  The pilot, launched in July 2021, will focus on significant corridors in the Salt Lake City region along Interstates 15, 215, and 80 and Utah State Route 201.

Rekor Shares Pop On Road Safety Pilot Deployment In Utah

Agencies testing Waycare's AI-based traffic management technology to improve incident management, reduce response times, and support greater cross-agency collaboration in the Salt Lake City region COLUMBIA, MD / ACCESSWIRE / September 21, 2021 / Today, Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide intelligent infrastructure and insights that build safer, smarter and more efficient cities around the world, announced the pilot deployment of its traffic management technology within the Utah Department of Transportation (UDOT) and Utah Department of Public Safety (DPS). The pilot, which launched in July 2021, will focus on major corridors in the Salt Lake City region along Interstates 15, 215, and 80, as well as Utah State Route 201.

Rekor Subsidiary Waycare Launches Road Safety Pilot with the Utah Department of Transportation (UDOT) and Utah Department of Public Safety (DPS)

Its investor day failed to rally the shares.

Why Rekor Systems Stock Was Down Today

Rekor Systems Inc (NASDAQ: REKR) held the annual meeting of stockholders on Wednesday. Rekor re-elected the director nominees, ratified the appointment of Friedman LLP as the public accountant, approved executives' compensation, voted to conduct an advisory stockholder vote on executive compensation, and adopted an amendment to the company's 2017 Equity Award Plan.

Rekor's Key Events For Today

Software company Rekor Systems Inc (NASDAQ: REKR) has filed the financial statements and pro forma financial information of the recently acquired Waycare Technologies Ltd. Recently, the Louisiana Department of Transportation and Development (LaDOTD) picked Waycare for a pilot program.

What's Up With Rekor Systems Shares Today?

The Louisiana Department of Transportation and Development (LaDOTD) had selected AI technology company Rekor Systems Inc's (NASDAQ: REKR) Waycare Technologies subsidiary for a pilot program. The financial terms of the agreement were not disclosed.

Rekor Systems Shares Shoot Up On LaDOTD Pilot Program

AI-based traffic management platform to aid in real-time, automated incident identification, crash prediction and forecasting COLUMBIA, MD / ACCESSWIRE / September 9, 2021 / Rekor Systems, Inc, (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide intelligent infrastructure and insights that build safer, smarter and more efficient cities around the world, today announced that its Waycare Technologies subsidiary has been selected by the Louisiana Department of Transportation and Development (LaDOTD) for a pilot program to help reduce congestion and collisions in the Baton Rouge area and promote speed harmonization for a safer driver experience. The initial deployment, which kicked off July 15, 2021, focuses on some of the region's most dangerous sections of highway: Interstate 10 ("I-10") and Interstate 12 ("I-12").

Rekor Systems Announces Selection of Waycare Technologies by Louisiana Department of Transportation and Development for Pilot Program to Reduce State Traffic Congestion and Crashes

Half day event will provide deep dive into recent Waycare Technologies, Ltd. acquisition, company strategy and showcase latest product innovations COLUMBIA, MD / ACCESSWIRE / September 8, 2021 / Rekor Systems, Inc, (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide intelligent infrastructure and insights that build safer, smarter and more efficient cities around the world, is reminding current and interested investors and securities analysts to register for its first ever Investor and Analyst Day.

Rekor Systems, Inc. Reminds Investors and Analysts to Register for In-Person and Virtual Investor and Analyst Day

New York, New York--(Newsfile Corp. - August 30, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. ("Rekor Systems") (NASDAQ: REKR) between April 12, 2019 and May 25, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of...

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of August 30, 2021 - REKR

Novume Solutions

LOS ANGELES, Aug. 30, 2021 /PRNewswire/ --  The Schall Law Firm , a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Rekor Systems, Inc. f/k/a Novume Solutions, Inc. ("Rekor" or "the Company") (NASDAQ: REKR, NVMM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 12, 2019 and May 25, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before August 30, 2021.

DEADLINE TODAY: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Rekor Systems, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor” or the “Company”) (NASDAQ: REKR; NVMM) and certain of its directors on behalf of shareholders who purchased or otherwise acquired Rekor securities between April 12, 2019 and May 25, 2021, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm's sit

Last Few Hours to Actively Participate: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Rekor Systems, Inc. (REKR) Class Action

New York, New York--(Newsfile Corp. - August 29, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (NASDAQ: REKR) (NASDAQ: NVMM) between April 12, 2019 and May 25, 2021, inclusive (the "Class Period"), of tomorrow's important August 30, 2021 lead plaintiff deadline.SO WHAT: If you purchased Rekor securities during the Class Period you may be entitled to compensation without...

FINAL DEADLINE TOMORROW: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Rekor Systems, Inc. f/k/a Novume Solutions, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - REKR, NVMM

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Rekor To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - August 29, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Rekor Systems, Inc. ("Rekor" or the "Company") (NASDAQ: REKR) and reminds investors of the August 30, 2021 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you suffered losses exceeding $50,000 investing in Rekor stock or options...

Rekor Class Action Reminder

NEW YORK , Aug. 27, 2021 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Rekor Systems, Inc. f/k/a Novume Solutions, Inc. ("Rekor" or the "Company") (NASDAQ: REKR) (NASDAQ: NVMM) and certain of its officers. The class action, filed in the United States District Court for the District of Maryland, Northern Division, and docketed under 21-cv-01604, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Rekor securities between April 12, 2019 and May 25, 2021, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Rekor Systems, Inc. f/k/a Novume Solutions, Inc., of Class Action Lawsuit and Upcoming Deadline - REKR; NVMM

LOS ANGELES--(BUSINESS WIRE)---- $REKR #investors--The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Rekor Systems, Inc. (REKR)

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (REKR)

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