Rekor Systems, Inc., through its subsidiaries, provides vehicle identification and management systems based on artificial intelligence in the United States, Canada, and internationally. 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. Its customers include federal, state, and local government entities; retailers; private security companies; parking management companies; fast-food restaurant chains; and logistics companies. Rekor Systems, Inc. was founded in 2017 and is headquartered in Columbia, Maryland.
IPO Year:
Exchange: NASDAQ
Website: rekor.ai
Date | Price Target | Rating | Analyst |
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3/4/2024 | Outperform | William Blair |
Respected ITS Industry Veteran to Drive Channel Expansion in North America and Global Markets COLUMBIA, MD / ACCESSWIRE / September 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the appointment of Rish Malhotra as Executive Vice President of Global Strategic Growth. With over 20 years of international management experience in the Intelligent Transportation Solutions (ITS) sector, Mr. Malhotra will drive Rekor's strategic growth initiatives, opening new routes to market for its AI-powered transportation and traffic solutions. His leadership will be pivotal in expanding market opportunities
COLUMBIA, MD / ACCESSWIRE / March 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the addition of Anne Townsend to its Board of Directors ("Board") and her appointment as a member of the Board's Technology and Social Responsibility Committee. With a distinguished career spanning over two decades, Townsend brings unparalleled expertise in cybersecurity, smart cities, and urban transportation management to the Rekor Systems board of directors.As a Senior Principal Cybersecurity Engineer at The MITRE Corporation, Townsend has been at the forefront of cybersecurity an
COLUMBIA, MD / ACCESSWIRE / September 28, 2022 / Rekor Systems, Inc., (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide data-driven insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, today announced that effective September 30, 2022, Rodney Hillman, Chief Operating Officer, will be leaving Rekor to pursue other ventures. The Company's current President, David Desharnais, will succeed Hillman in an expanded role as President and Chief Operating Officer."I wish to express my deep appreciation to Rod for his many years of service to our company," said Robert A. Berman CEO and Chair,
Seasoned Technology Executive Brings Deep Experience Leading Digital Innovation and Scaling Diverse BusinessesCOLUMBIA, 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. He will re
Highlights Q3 2024 gross revenue increased 16% to $10.5 million compared to $9.1 million in Q3 2023Q3 recurring revenue increased 14% to $5.5 million compared to $4.8 millionRekor Discover™ now on the Florida DOT Approved Product List, and deployments commencedOur CEO, David Desharnais, was inducted into the ITS America Board COLUMBIA, Md., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing advanced roadway intelligence technology, today announced its financial results for the quarter ending September 30, 2024. Rekor Discover™ was recently added to the Florida DOT's Approved Product List and is now begi
Company will host earnings call on Thursday, November 14, 2024 COLUMBIA, MD / ACCESSWIRE / October 14, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the" Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its financial results for the third quarter of 2024 will be released on Thursday, November 14, 2024, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results.CONFERENCE CALL INFORMATIONAny person interested in participating in the call should please dial in approximately 10 minutes before the start of the call usin
COLUMBIA, MD / ACCESSWIRE / September 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the release of a new shareholder letter from President and CEO David Desharnais. The letter offers an overview of the Company's recent achievements, strategic milestones, and future growth prospects.In the letter, Mr. Desharnais discusses Rekor's notable financial performance, including a significant increase in year-over-year revenue, key customer wins, and the expanding adoption of the Company's advanced roadway intelligence solutions across multiple states. He also outlines Rekor's long-term vision to l
Respected ITS Industry Veteran to Drive Channel Expansion in North America and Global Markets COLUMBIA, MD / ACCESSWIRE / September 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the appointment of Rish Malhotra as Executive Vice President of Global Strategic Growth. With over 20 years of international management experience in the Intelligent Transportation Solutions (ITS) sector, Mr. Malhotra will drive Rekor's strategic growth initiatives, opening new routes to market for its AI-powered transportation and traffic solutions. His leadership will be pivotal in expanding market opportunities
Rekor provides Rekor Scout®, Rekor Discover™, and Rekor Command™ Customers with Certifiable Confidence and Trust in Data SecurityCOLUMBIA, MD / ACCESSWIRE / August 21, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its Rekor Scout® and Rekor Discover™ platforms have successfully completed the Service Organization Control (SOC) 2 Type II audit, joining the already SOC 2 compliant Rekor Command™ platform. This achievement highlights Rekor's ongoing commitment to the highest standards of security and operational excellence.The SOC 2 Type II audit, a rigorous auditing standard developed by t
Highlights:Received $15 million prepaid advance under facility to provide up to $35 million in financing, strengthening the Company's financial position and supporting future growth initiativesQ2 2024 gross revenue increased 45% to $12.4 million compared to $8.6 million in Q2 2023Q2 year-to-date 2024 gross revenue increased 51% to $22.2 million compared to $14.7 million in 2023Improved Adjusted EBITDA from a loss of $7.2 million for Q2 2023 to a loss of $5.8 million for Q2 2024Secured $1.5 million contract with Maryland DOT for the Strategic Corridor Monitoring projectExpanded adoption of the Rekor CommandTM platform by transportation agencies in Oklahoma, Kansas, and Umatilla County, Oregon
Up to $15 Million In Combined Multi-Year Contracts for Traffic Data and Air Quality Studies COLUMBIA, MD / ACCESSWIRE / August 12, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it has secured significant contracts with the Texas Department of Transportation (TxDOT), the Ohio Department of Transportation (OhioDOT), and Pitkin County, Colorado for comprehensive traffic studies. These multi-year agreements, valued at up to $15 million, signal Rekor's continued westward expansion across the United States and underscores the growing adoption by state and local transportation agencies of Reko
Rekor Command™ Platform Enables State, Regional, and Rural Transportation Agencies to step into the Future of Traffic Management with AI-Driven Event Detection, Response and Analytics COLUMBIA, MD / ACCESSWIRE / August 7, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the initial adoption of its industry-leading Rekor Command™ platform by Departments of Transportation (DOT) in Oklahoma, Kansas, and Umatilla County, Oregon. These agencies can now monitor traffic in real-time and leverage AI-driven insights in speci
Rekor Discover to Power Corridor Management and Sustainable Mobility Across Maryland's I-495, I-95, and I-695 RoadwaysCOLUMBIA, MD / ACCESSWIRE / August 5, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the launch of its Strategic Corridor Monitoring project, funded by an initial stage one $1,497,000 federal and state grant.This groundbreaking initiative will deploy Rekor's state-of-the-art AI-powered sensors along vital transportation corridors from Washington, D.C. to Baltimore. The project aims to deliver unique, real-time traffic insights, revolutionizing how the Maryland Department of Tr
Simplified Procurement Accelerates Security and Safety Initiatives that use Rekor's AI-Driven Vehicle Recognition Technology COLUMBIA, MD / ACCESSWIRE / August 2, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the availability of its Rekor Scout® Platform in AWS Marketplace and Rekor Edge Pro on Amazon Business.The AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors. It makes finding, testing, buying, and deploying software running on Amazon Web Services (AWS)
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4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
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William Blair initiated coverage of Rekor Systems with a rating of Outperform
Lake Street Capital initiated coverage of Rekor Systems with a rating of Buy
B. Riley resumed coverage of Rekor Systems with a rating of Buy and set a new price target of $26.00 from $21.50 previously
Northland Capital initiated coverage of Rekor Systems with a rating of Outperform and set a new price target of $24.00
Northland Securities initiated coverage of Rekor Systems with a rating of Outperform
B. Riley reiterated coverage of Rekor Systems with a rating of and set a new price target of $21.50 from $14.00 previously
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8-K - Rekor Systems, Inc. (0001697851) (Filer)
10-Q - Rekor Systems, Inc. (0001697851) (Filer)
8-K - Rekor Systems, Inc. (0001697851) (Filer)
Highlights Q3 2024 gross revenue increased 16% to $10.5 million compared to $9.1 million in Q3 2023Q3 recurring revenue increased 14% to $5.5 million compared to $4.8 millionRekor Discover™ now on the Florida DOT Approved Product List, and deployments commencedOur CEO, David Desharnais, was inducted into the ITS America Board COLUMBIA, Md., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing advanced roadway intelligence technology, today announced its financial results for the quarter ending September 30, 2024. Rekor Discover™ was recently added to the Florida DOT's Approved Product List and is now begi
Company will host earnings call on Thursday, November 14, 2024 COLUMBIA, MD / ACCESSWIRE / October 14, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the" Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its financial results for the third quarter of 2024 will be released on Thursday, November 14, 2024, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results.CONFERENCE CALL INFORMATIONAny person interested in participating in the call should please dial in approximately 10 minutes before the start of the call usin
Highlights:Received $15 million prepaid advance under facility to provide up to $35 million in financing, strengthening the Company's financial position and supporting future growth initiativesQ2 2024 gross revenue increased 45% to $12.4 million compared to $8.6 million in Q2 2023Q2 year-to-date 2024 gross revenue increased 51% to $22.2 million compared to $14.7 million in 2023Improved Adjusted EBITDA from a loss of $7.2 million for Q2 2023 to a loss of $5.8 million for Q2 2024Secured $1.5 million contract with Maryland DOT for the Strategic Corridor Monitoring projectExpanded adoption of the Rekor CommandTM platform by transportation agencies in Oklahoma, Kansas, and Umatilla County, Oregon
Company will host earnings call on Wednesday, August 14, 2024 COLUMBIA, MD / ACCESSWIRE / July 30, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its financial results for the second quarter of 2024 will be released on Wednesday, August 14, 2024, after market close. On the same day, the company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results.CONFERENCE CALL INFORMATIONAny person interested in participating in the call should please dial in approximately 10 minutes before the start of the call using the
Company will host earnings call on Wednesday, May 15, 2024COLUMBIA, MD / ACCESSWIRE / April 22, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its financial results for the first quarter of 2024 will be released on Wednesday, May 15, 2024, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results.CONFERENCE CALL INFORMATIONAny person interested in participating in the call should please dial in approximately 10 minutes before the start of the call using the follow
Company Achieves Fourth Consecutive Quarter of Top Line Growth and Record RevenueCOLUMBIA, MD / ACCESSWIRE / March 25, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today unveiled its notable financial results for the fiscal year ending December 31, 2023. Demonstrating substantial progress across all metrics, the Company not only continued its trajectory of year-over-year revenue growth but also laid the groundwork for a future defined by innovation and strategic financial health.2023 Financial Highlights: A Year of Consistent Growth and StabilityRecord Gross Revenue: Rekor closed
Company to announce record annual revenue when it releases financial results for FY2023COLUMBIA, MD / ACCESSWIRE / March 1, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it will report record annual and quarterly revenue when it releases financial results for FY2023 on Monday, March 25, 2024, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results.CONFERENCE CALL INFORMATIONAny person interested to participate in the call should please dial in approximately 10
2024 Annual Meeting of Stockholders be held on April 18, 2024COLUMBIA, MD / ACCESSWIRE / January 10, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that the Company's 2024 Annual Meeting of Stockholders ("2024 Annual Meeting") will be held on Thursday, April 18, 2024. Additional information regarding the Company's 2024 Annual Meeting, including the time, location and agenda for the 2024 Annual Meeting, will be disclosed in the Company's Definitive Proxy Statement to be sent to stockholders entitled to notice of and to vote at the 2024 Annual Meeting.In addition to t
Acquisition expands geographic base and accelerates technology distributionCompany to host a special investor conference call on January 9, 2024, to discuss the acquisitionCOLUMBIA, MD / ACCESSWIRE / January 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced it has completed the acquisition of All Traffic Data Services, LLC (ATD), further solidifying its expertise in transportation data collection and analytics.ATD collaborates closely with numerous traffic engineering firms, metropolitan planning organizations, municipalities, and state Departments of Transportation
Company to host a special investor conference call on December 14, 2023 to discuss its Revenue Sharing Notes programCOLUMBIA, MD / ACCESSWIRE / December 13, 2023 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it has completed the sale of a registered offering of $15 million in aggregate principal amount of its 13.25% Series A Prime Revenue Sharing Notes due December 15, 2026 (the "Series A Notes"). Proceeds are expected to be used for expansion and working capital purposes."Our remarkable success in growing revenues under our 'pay for data' recurring revenue model d
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With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Verizon Communications Inc. (NYSE:VZ) to report quarterly earnings at $1.15 per share on revenue of $33.06 billion before the opening bell, according to data from Benzinga Pro. Verizon shares fell 0.1% to $41.59 in after-hours trading. The Boeing Company (NYSE:BA) said it sees a 3% rise in airplane deliveries over the next 20 years with air travel exceeding pre-pandemic demand. Boeing shares slipped 0.1% to $179.45 in the after-hours trading session. Analysts expect SAP SE (NYSE:SAP) to post quarterly earnings at $1.16 per share on
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The Dow Jones index closed lower by around 0.1% on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Rekor Systems The Trade: Rekor Systems, Inc. (NASDAQ:REKR) 10% owner Arctis Global LLC bought a total of 2,275,000 shares at an average price of $1.40. To acquire these shares, it cost around $3.19 million. What's Happening: On May 20, Rekor Systems
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Gainers Spectaire Holdings (NASDAQ:SPEC) stock increased by 88.6% to $0.81 during Monday's pre-market session. The market value of their outstanding shares is at $14.9 million. Presto Automation (NASDAQ:PRST) stock increased by 32.77% to $0.12. The company's market cap stands at $13.8 million. NiSun Intl Enterprise Dev (NASDAQ:NISN) shares increased by 18.69% to $4.0. The company's market cap stands at $16.0 million. Saverone 2014 (NASDAQ:SVRE) shares moved upwards by 14.51% to $0.6. The company's market cap stands at $9.5 million. Wetouch Technology (NASDAQ:WETH) shares rose 11.73% to $2.0. The company's market cap stands at $23.8 million. Knowles (NYSE:KN) shares increased by 11.54%
Gainers NiSun Intl Enterprise Dev (NASDAQ:NISN) shares rose 32.9% to $4.48 during Friday's after-market session. The market value of their outstanding shares is at $17.9 million. Presto Automation (NASDAQ:PRST) stock rose 22.89% to $0.11. The company's market cap stands at $12.7 million. ReAlpha Tech Corp (NASDAQ:AIRE) shares rose 4.88% to $1.03. The company's market cap stands at $45.4 million. Gryphon Digital Mining (NASDAQ:GRYP) stock increased by 4.72% to $1.33. The company's market cap stands at $52.2 million. Rekor Systems (NASDAQ:REKR) stock rose 4.4% to $1.66. The company's market cap stands at $141.6 million. Veritone (NASDAQ:VERI) stock increased by 4.39% to $2.61. The market
Gainers Braze (NASDAQ:BRZE) stock rose 15.0% to $42.31 during Friday's pre-market session. The market value of their outstanding shares is at $4.2 billion. As per the news, the Q1 earnings report came out yesterday. Presto Automation (NASDAQ:PRST) shares increased by 10.54% to $0.08. The company's market cap stands at $9.7 million. Sequans Communications (NYSE:SQNS) stock rose 9.32% to $0.7. The market value of their outstanding shares is at $43.3 million. Ascent Solar Technologies (NASDAQ:ASTI) shares rose 8.57% to $0.12. The market value of their outstanding shares is at $11.1 million. Rekor Systems (NASDAQ:REKR) stock increased by 7.49% to $1.72. The company's market cap stands at $1
Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor"), a leader in advanced roadway intelligence technology, today announced that the U.S. Patent Office has awarded it a patent titled "Systems and Methods for Consolidated Traffic Monitoring with Privacy Protection." This innovative patent - in addition to multiple other patent filings and awards - introduces a multi-functional sensor that effectively safeguards personally identifiable information (PII) while serving a wide range of applications.
Shares of Virios Therapeutics, Inc. (NASDAQ:VIRI) fell sharply during Monday's session after the company priced a $1.7 million public offering of 8.5 million shares of common stock at $0.20 per share. Virios Therapeutics shares dipped 47.6% to $0.1850 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers MultiMetaVerse Holdings Limited (NASDAQ:MMV) shares jumped 224% to $2.01. MultiMetaVerse Holdings signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries. GT Biopharma, Inc. (NASDAQ:GTBP) rose 146% to $7.64. GT Biopharma, last week, posted a narrower-than-expected quarterly loss. Tantech Hold
Gainers Comtech Telecom (NASDAQ:CMTL) shares moved upwards by 35.8% to $2.77 during Monday's regular session. The company's market cap stands at $78.8 million. Cheetah Mobile (NYSE:CMCM) stock moved upwards by 31.59% to $6.04. The company's market cap stands at $180.5 million. Rubicon Technologies (NYSE:RBT) stock rose 27.41% to $0.33. The company's market cap stands at $17.7 million. The company's, Q1 earnings came out today. Rekor Systems (NASDAQ:REKR) shares rose 24.24% to $1.64. The market value of their outstanding shares is at $139.9 million. As per the press release, Q1 earnings came out 3 days ago. ICZOOM Group (NASDAQ:IZM) shares rose 22.27% to $2.47. The company's market cap s