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 |
|---|---|---|---|
| 3/4/2024 | Outperform | William Blair |
8-K - Rekor Systems, Inc. (0001697851) (Filer)
8-K - Rekor Systems, Inc. (0001697851) (Filer)
10-Q - Rekor Systems, Inc. (0001697851) (Filer)
8-K - Rekor Systems, Inc. (0001697851) (Filer)
8-K - Rekor Systems, Inc. (0001697851) (Filer)
8-K - Rekor Systems, Inc. (0001697851) (Filer)
424B5 - Rekor Systems, Inc. (0001697851) (Filer)
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8-K - Rekor Systems, Inc. (0001697851) (Filer)
10-Q - Rekor Systems, Inc. (0001697851) (Filer)
COLUMBIA, Md., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, has achieved New Jersey's rigorous certification for its industry-leading Rekor Scout® vehicle recognition platform. This milestone secures Rekor's strong position in the New Jersey Statewide Networked ALPR Program (NJ SNAP), a key initiative enhancing public safety through advanced Automatic License Plate Recognition (ALPR) technology. . Supported by over $13 million in state funding, including a $10 million grant for ALPR deployment, NJ SNAP is a statewide initiative designed to enhance public safety by deploying cu
Collaboration Aims to Enhance Safety and Operational Efficiency By Offering Hands-Free Operation of ALPR and Critical Vehicle Functions Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced it will be working with SoundHound AI, Inc. (NASDAQ:SOUN) to transform emergency vehicle technology. The collaboration will combine SoundHound's advanced voice and conversational AI and Rekor's industry-leading vehicle recognition software, Rekor Scout®, to deliver seamless, hands-free functionality for ALPR and other critical vehicle systems, aiming to enhance safety, situational awareness, and operational efficie
COLUMBIA, Md., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, unveiled its new roadway Incident Priority Ranking feature at the Transportation Research Board's (TRB) 2025 Annual Meeting in Washington, DC. This prestigious event brings together thousands of transportation professionals from around the globe, featuring sessions and workshops on all modes of transportation and topics relevant to policymakers, administrators, practitioners, researchers, and representatives from government, industry, and academia. The new Rekor Command™ Incident Priority Ranking feature provides traf
COLUMBIA, MD, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that the New Mexico Department of Transportation (NMDOT) has expanded its use of Rekor Discover™ and Rekor's non-intrusive video-based Edge Series systems. This latest pay-for-data deployment, installed by an authorized third party, builds on the success of an initial Phase One deployment announced in January 2024. Phase Two deployment marks a significant step forward, greatly expanding the presence of Rekor's technology across New Mexico. Since its launch in 2023, Rekor Discover™ and Rekor's Edge Serie
COLUMBIA, Md., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, announced today that, as of December 31, 2024, it has fully satisfied the outstanding balance of $15 million under its August 2024 Prepaid Advance Agreement with an affiliate of Yorkville Advisors Global. Eyal Hen, Rekor's Chief Financial Officer, commented, "This prepayment underscores our dedication to prudent financial management and shareholder value creation. By eliminating this obligation early, we have enhanced our balance sheet flexibility. This positions Rekor to better capitalize on strategic growth initiat
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 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
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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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