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 Inc. reports strong Q1 2023 performance and eyes urban mobility and AI for growth

Rekor Systems Inc. delivered robust revenue growth and a focus on recurring revenue, positioning the company for long-term success. While challenges exist in achieving profitability and translating initiatives into revenue, the company's strong performance and strategic focus on disruptive technologies present significant opportunities for future growth.

REKR achieves exceptional Q2 2023 performance, poised for sustained growth

REKR's Q2 2023 performance reflects remarkable growth, strong financial metrics, and successful strategic initiatives. The company's focus on recurring revenue and improved margins positions it well for future success, although it faces challenges in sustaining this rapid growth.

Rekor Systems reports strong Q3 revenue growth and eyes expansion

Rekor Systems demonstrated strong revenue growth and improved EBITDA performance in Q3 2023. The company's urban mobility segment experienced significant wins and expansion. While facing weather-related challenges, Rekor is actively addressing funding and deployment issues and is poised for continued growth.

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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.

New York, New York--(Newsfile Corp. - June 5, 2021) - Pomerantz LLP is investigating claims on behalf of investors of Rekor Systems, Inc. ("Rekor" or the "Company") (NASDAQ: REKR). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Rekor and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rekor Systems, Inc. - REKR

BENSALEM, Pa.--(BUSINESS WIRE)---- $REKR #CLASSACTION--Law Offices of Howard G. Smith announces an investigation on behalf of Rekor Systems, Inc. (“Rekor” or the “Company”) (NASDAQ: REKR) investors concerning the Company's possible violations of federal securities laws. On May 26, 2021, Western Edge published a report entitled “Rekor Systems: Lackluster Growth Runway and Exaggerated Insurance Scheme Raise Substantial Downside Risk,” alleging, among other things, that the Company's “realized results suggest management

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Rekor Systems, Inc. (REKR) on Behalf of Investors

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

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