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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/4/2024 | Outperform | William Blair |
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
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
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
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
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,
8-K - Rekor Systems, Inc. (0001697851) (Filer)
8-K - Rekor Systems, Inc. (0001697851) (Filer)
10-Q - Rekor Systems, Inc. (0001697851) (Filer)
SC 13G/A - Rekor Systems, Inc. (0001697851) (Subject)
SC 13G - Rekor Systems, Inc. (0001697851) (Subject)
SC 13G/A - Rekor Systems, Inc. (0001697851) (Subject)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)