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 |
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8-K - Rekor Systems, Inc. (0001697851) (Filer)
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
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
4 - Rekor Systems, Inc. (0001697851) (Issuer)
FREMONT, Calif. and COLUMBIA, Md., April 15, 2025 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (NASDAQ:SSTI), a leading public safety technology provider, today announced the integration of PlateRanger™ powered by Rekor® (NASDAQ:REKR) – its advanced license plate and vehicle recognition (ALPR) solution – into the company's SafetySmart™ platform alongside ShotSpotter® and CrimeTracer™. These milestones strengthen SoundThinking's commitment to open standards and seamless interoperability, empowering law enforcement agencies to accelerate investigations, uncover new leads, and improve public safety outcomes by further integrating valuable information technologies. The integrations enable agencies
Record Gross Revenue: Achieved record annual gross revenue of $46.0 million, representing a 32% increase from $34.9 million in 2023.Fourth Quarter Results: Gross revenue reached an all-time quarterly high of $13.3 million in Q4 2024, marking a 20% increase compared to Q4 2023.Improved Adjusted EBITDA: Substantially narrowed Adjusted EBITDA loss from $6.7 million in Q4 2023 to $4.7 million in Q4 2024, underscoring enhanced operational efficiency. COLUMBIA, Md., March 31, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today announced its financial results for the fiscal year that ended December 31, 2024. Throughout 2024, Rekor demonstrat
COLUMBIA, Md., March 17, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today provided insights into its preliminary year-end 2024 results and recent actions to improve financial performance by reducing the level of operating losses while positioning the Company for growth both domestically and internationally. Based on preliminary and unaudited financial results, full-year 2024 revenue is expected to be above $45.5 million, representing a year-over-year increase above 30% compared to 2023. Fourth-quarter 2024 revenue is projected to be above $12.5 million, reflecting growth above 12% compared to the same period last year. The followi
COLUMBIA, Md., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today announced that its Vehicle Insite application, a part of its Rekor Discover® platform, is being utilized in a 90-site study across the Phoenix metropolitan area. This initiative aims to provide critical insights into electric vehicle (EV) movement, traffic flow patterns, and roadway usage, supporting regional transportation planning and EV infrastructure development. As EV adoption accelerates nationwide, transportation planners need reliable, real-time data to ensure infrastructure evolves to meet demand. Traditional traffic studies have relied on methods tha
COLUMBIA, Md., Feb. 20, 2025 (GLOBE NEWSWIRE) -- 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 FY2024 on Monday, March 31, 2025, 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 INFORMATION Any person interested in participating in the call should please dial in approximately 10 minutes before the start of the call using the following information: No
COLUMBIA, Md., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the "Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, announced today that it will be presenting at the 37th Annual Roth Conference March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, California. David Desharnais, President and Chief Executive Officer, and Eyal Hen, Chief Financial Officer, will be available for one-on-one and small group meetings with institutional investors. For more information about the conference or to request a meeting with Rekor management, please contact your Roth sales representative or visit www.roth.com
Columbia, Md., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a leader in roadway intelligence, today announced it has been awarded a key European patent for its groundbreaking technology designed to detect and quantify irregular traffic congestion. This patent is based on the same innovation previously approved by the US Patent Office. This achievement represents a major step forward in Rekor's mission to enhance roadway safety, efficiency, and sustainability through advanced artificial intelligence and data-driven insights. The patented system leverages data from multiple sources, including in-vehicle sensors, roadway detectors, and online platforms, to identify a
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,
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
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Record Gross Revenue: Achieved record annual gross revenue of $46.0 million, representing a 32% increase from $34.9 million in 2023.Fourth Quarter Results: Gross revenue reached an all-time quarterly high of $13.3 million in Q4 2024, marking a 20% increase compared to Q4 2023.Improved Adjusted EBITDA: Substantially narrowed Adjusted EBITDA loss from $6.7 million in Q4 2023 to $4.7 million in Q4 2024, underscoring enhanced operational efficiency. COLUMBIA, Md., March 31, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today announced its financial results for the fiscal year that ended December 31, 2024. Throughout 2024, Rekor demonstrat
COLUMBIA, Md., Feb. 20, 2025 (GLOBE NEWSWIRE) -- 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 FY2024 on Monday, March 31, 2025, 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 INFORMATION Any person interested in participating in the call should please dial in approximately 10 minutes before the start of the call using the following information: No
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