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Rekor Systems Inc - REKR STOCK NEWS

Welcome to our dedicated news page for Rekor Systems (Ticker: REKR), a resource for investors and traders seeking the latest updates and insights on Rekor Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rekor Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rekor Systems's position in the market.

News
Rekor Systems Secures Five-Year Traffic Counting Contract With Gwinnett GA Department of Transportation
Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ:REKR) announced that its Traffic Services division, including the recently acquired All Traffic Data, secured a five-year traffic counting contract with Gwinnett County Georgia, Department of Transportation, with a total contract value of approximately $1 million. The acquisition of ATD adds portable traffic study work to Rekor's portfolio, complementing the Company's existing business with the Georgia Department of Transportation. This contract win marks the start of new revenue streams and data sources, with expectations of extensive revenue growth beyond Georgia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.31%
Tags
none
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News
Rekor Systems Secures Over $3 Million in Public Safety and Licensing Contracts
Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ:REKR) announced securing three public safety and licensing contracts totaling approximately $3 million. PAVE Mobility, a parking technology company, licensed Rekor's Vehicle Recognition SDK for accurate license plate and vehicle recognition. The Mt. Juliet Police Department selected Rekor Scout for its Guardian Shield Program, and a prominent police department in Maryland also chose the Rekor Scout platform to enhance public safety in one of the state's most populous counties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.16%
Tags
none
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News
Rekor Partners with Philadelphia Industrial Development Corporation to Transform Philadelphia Navy Yard Pilot Into Digital Infrastructure Hub for Roadways
Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ: REKR) announced a multiyear contract with the Philadelphia Industrial Development Corporation (PIDC) to expand their partnership in implementing state-of-the-art roadway intelligence technology. The partnership aims to analyze traffic patterns and gain critical insights within the 1,200-acre Navy Yard campus. PIDC selected Rekor for its AI expertise and commitment to creating more innovative, safer cities through roadway intelligence. The project has enabled PIDC to recover costs associated with property damage, prepare for events, proactively manage road maintenance, efficiently deploy resources, strategically plan future electric vehicle (EV) charge station deployments, and keep citizens safer on property. This milestone marks the evolution of the partnership from a pilot to a formal revenue-generating program, reinforcing the positive impact of Rekor's technology on urban environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.5%
Tags
partnership
News
Rekor Systems Announces Date for 2024 Annual Meeting of Stockholders
Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ:REKR) announced its 2024 Annual Meeting of Stockholders to be held on April 18, 2024. The company will also host an Investor and Analyst Meeting, offering insight into its vision for roadway intelligence. The record date for stockholders has been set as February 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.15%
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none
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News
Rekor Systems and Kistler Partner to Deliver Breakthrough Roadway Intelligence to Protect Bridges & Roadway Infrastructure Against Dangerous Overweight Vehicles
Rhea-AI Summary
Rekor Systems, a leader in roadway intelligence technology, announced a strategic collaboration with Kistler, the world's foremost supplier of quartz weigh-in-motion sensors and electronics, to address the critical issue of bridge and roadway infrastructure deterioration caused by overweight vehicles. The first-of-its-kind solution is already deployed in New York City and aims to revolutionize real-time and predictive roadway intelligence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.36%
Tags
partnership
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News
Rekor Announces $2.1 Million Contract Expansion with Texas Department of Transportation
Rhea-AI Summary
Rekor Systems, a leader in roadway intelligence technology, announced an expanded collaboration with the Texas Department of Transportation (TxDOT) to enhance traffic management and safety in the Austin District. This strategic move reinforces Rekor's commitment to providing innovative solutions for citizen and roadway safety.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.28%
Tags
none
News
Rekor Systems Strengthens Position in Urban Mobility with Acquisition of All Traffic Data Services, LLC
Rhea-AI Summary
Rekor Systems, a leader in roadway intelligence technology, completed the acquisition of All Traffic Data Services, further solidifying its expertise in transportation data collection and analytics. The acquisition is valued at $19 million through a combination of cash and stock, and ATD is expected to generate approximately $9.5 million in revenue and an estimated $3 million in EBITDA for fiscal year 2023. The acquisition expands Rekor's urban mobility operations across the country's western region and strengthens its position in the Southeast, providing ready access to experienced urban mobility personnel and operational facilities to support the expansion of its IoT network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.14%
Tags
acquisition
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News
Rekor Systems Announces Sale of $15 Million of Revenue Sharing Notes Due December 15, 2026 Priced at 13.25%
Rhea-AI Summary
Rekor Systems, a leader in roadway intelligence technology, completed a $15 million offering of 13.25% Series A Prime Revenue Sharing Notes. The notes are secured under an Indenture of Trust and expected to fund expansion and working capital purposes. The company plans to host an investor conference call on December 14, 2023, to discuss the program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.27%
Tags
none
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News
Rekor Systems, Inc. Reports Record Third Quarter 2023 Financial Results
Rhea-AI Summary
Rekor Systems, Inc (NASDAQ:REKR) announced its Q3 2023 financial results, boasting a record gross revenue of $9.1 million, a 35% increase from Q3 2022. The company also reported a 268% Compound Annual Growth Rate in AI and technology-related revenue from 2018 to 2022. Performance obligations increased by 41% to $30.2 million, and total contract value signed during the third quarter saw a 74% increase from the same period in 2022. Adjusted EBITDA improved from a loss of $10.7 million in Q3 2022 to a loss of $6.6 million in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.33%
Tags
earnings
News
Nextmove by Cintra and Rekor Forge Multi-Year Strategic Partnership for Next Generation Connected Vehicle Solutions
Rhea-AI Summary
Rekor Systems, Inc. has announced a strategic partnership with NextMove by Cintra to accelerate the development of connected vehicle and infrastructure ecosystem for safer and more efficient transportation solutions. The partnership aims to drive digital infrastructure innovation and enhance mobility across the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
Tags
partnership
Stock REKR logo
Rekor Systems Inc

Nasdaq:REKR

REKR Rankings

#3967 Ranked by Market Cap
#65 Ranked by Stock Gains
N/A Ranked by Dividends

REKR Stock Data

173.21M
64.28M
7.19%
45.91%
14.88%
Payroll Services
Professional, Scientific, and Technical Services
Link
US
Columbia

About REKR

rekor systems, inc., through its subsidiaries, provides vehicle identification and management systems based on artificial intelligence in the united states, canada, and internationally. the company operates in two segments, technology and professional services. it offers openalpr software, a vehicle recognition software. the company provides vehicle recognition and data management products and services; traffic safety systems, including hardware that identifies red light and school safety zone traffic violations, as well as software, which captures and offers forensic quality images and data, and supports citation management services; and enterprise parking enforcement solutions. it also offers government contracting support services, such as market intelligence and opportunity identification, capture and strategic advisory, proposal strategy and development, teaming support, and managed human capital. in addition, the company provides specialty staffing services, including specialized