Rekor Systems Q4 net loss widens to $20.4M; CEO David Desharnais resigns

Rekor Systems, Inc.

Preliminary FY2024 revenue above $45.5M (+30% YoY); Q4 revenue above $12.5M (+12% YoY).
Q4 2024 net loss $20.4M vs $11.3M in Q4 2023; full-year net loss $61.5M vs $45.7M.
Adjusted EBITDA improved modestly: Q4 -$5.0M vs -$6.7M; full year -$29.4M vs -$29.9M.
CEO David Desharnais resigned on March 14; Board Chairman Robert A. Berman named interim CEO; search for permanent CEO begun.
Board realigned operations: workforce reductions, focus on Rekor Scout and Rekor Discover products to accelerate cash flow.

item 2.02 item 5.02 item 9.01

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Departed

David Desharnais

Chief Executive Officer

REKR · Rekor Systems, Inc.

Effective: 2025-03-14
Filed: March 17, 2025, 7:59 PM ET

David Desharnais, Chief Executive Officer of the Company, resigned from the Company, which resignation was accepted by Company’s Board of Directors on March 14, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Desharnais resigned as Chief Executive Officer at Rekor Systems, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

David Desharnais, Chief Executive Officer of the Company, resigned from the Company, which resignation was accepted by Company’s Board of Directors on March 14, 2025.

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Rekor Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-007823

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