Rekor Systems Inc Stock Price, News & Analysis

Rekor Systems (NASDAQ: REKR), a roadway intelligence technology leader, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 14, 2025, after market close. The company will host an earnings conference call at 4:30 p.m. Eastern Time on the same day.

Interested participants can join the call approximately 10 minutes before start time using the following dial-in numbers: North America: 877-407-8037 / +1 201-689-8037. A webcast will be available, and a replay will be accessible for two weeks following the call using replay numbers: 877-660-6853 / 201-612-7415 (Access ID: 13753513).

Rekor Systems (NASDAQ: REKR) reported strong financial results for 2024, achieving record annual gross revenue of $46.0 million, a 32% increase from $34.9 million in 2023. Q4 2024 revenue reached an all-time high of $13.3 million, up 20% year-over-year, with improved Adjusted EBITDA loss narrowing to $4.7 million from $6.7 million in Q4 2023.

Key operational achievements include Rekor Scout® certification in New Jersey, deployment of Vehicle Insite across 90 sites in Phoenix for EV studies, and a strategic partnership with Soundhound AI for emergency vehicle technologies. The company expanded its AI-powered Rekor Command® platform with new features for traffic management.

In early 2025, Rekor established an Executive Committee for strategic realignment, implementing workforce reductions and appointing new executives to focus on Rekor Scout® and Rekor Discover® products, aiming to accelerate revenue growth while reducing external financing dependence.

Rekor Systems (NASDAQ: REKR) has released preliminary financial results for 2024, projecting full-year revenue above $45.5 million, representing over 30% year-over-year growth. Fourth-quarter 2024 revenue is expected to exceed $12.5 million, showing above 12% growth compared to Q4 2023.

The company has implemented strategic cost reduction initiatives starting November 2024, including voluntary cash compensation reductions in exchange for equity awards. In January 2025, the Board established an Executive Committee to realign resources and accelerate revenue growth while reducing dependence on outside capital.

Significant organizational changes include workforce reductions and executive realignment focusing on the Rekor Scout® and Rekor Discover® product lines. Additionally, President and CEO David Desharnais has resigned as of March 12, 2025, with Board Chairman Robert A. Berman serving as Interim CEO while the search for a new CEO begins.

Rekor Systems (NASDAQ: REKR) has announced the deployment of its Vehicle Insite application, part of the Rekor Discover® platform, across 90 sites in the Phoenix metropolitan area. The AI-powered system aims to study electric vehicle (EV) movement and traffic patterns to support regional transportation planning and EV infrastructure development.

The Vehicle Insite application replaces traditional traffic monitoring methods with non-intrusive data collection, providing detailed analytics including:

• Vehicle class, count, and speed
• State of origin information
• EV volumes and travel patterns

This deployment enables transportation planners to optimize charging station placement and assess EV adoption trends with greater accuracy, supporting data-driven decision-making for future mobility infrastructure investments.

Rekor Systems (NASDAQ: REKR) has announced it will release its financial results for FY2024 on Monday, March 31, 2025, after market close. The company anticipates reporting record annual and quarterly revenue figures. Following the release, Rekor will host an earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results.

The conference call will be accessible via phone, with dial-in numbers provided for North American participants (877-407-8037 / +1 201-689-8037) and international access available. A webcast option will also be provided. A replay of the call will be available online for two weeks following the event, accessible via phone (877-660-6853 / 201-612-7415) with Access ID: 13751639, and through the Company's website under Investors, Events & Presentations.

Rekor Systems (NASDAQ: REKR), a leading provider of roadway intelligence technology, has announced its participation in the upcoming 37th Annual Roth Conference. The event will take place from March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, California.

The company's leadership, including President and CEO David Desharnais and CFO Eyal Hen, will be available for one-on-one and small group meetings with institutional investors during the conference. Interested investors can arrange meetings through their Roth sales representatives or by visiting www.roth.com/oc2025.

Rekor Systems (NASDAQ: REKR) has secured a European patent for technology that detects and quantifies irregular traffic congestion, complementing its existing US patent. The system uses data from multiple sources including in-vehicle sensors, roadway detectors, and online platforms to identify congestion outliers and respond with AI-driven insights.

The company has also obtained patents for two additional technologies: a privacy protection system that replaces personally identifiable information (PII) with obfuscated records in traffic monitoring, and an image-processing technique that optimizes vehicle recognition while reducing computational demands.

These innovations support Rekor's platforms including Rekor Scout®, Rekor Discover®, and Rekor Command®, powered by the Rekor One™ engine, advancing its mission to enhance roadway safety, efficiency, and sustainability through AI and data-driven solutions.