Rekor Systems Q2 2025 revenue flat at $12.4M; operating loss narrows 23% YoY

Rekor Systems, Inc.

Revenue $12.4M, flat YoY; adjusted gross margin 49.5% vs 53.5% (down 4 ppt).
Operating loss improved to $7.7M from $10.1M, a 23% YoY reduction; operating costs cut 17%.
Adjusted EBITDA loss narrowed to $5.8M (Q2) and $13.1M (H1) vs $5.8M and $15.2M prior year.
Key contracts: TxDOT blanket PO for Rekor Command, CTRMA $1.4M/5-yr extension, Sun Belt state $1.2M DaaS deal.
ATM offering terminated; management cites cost discipline and focus on long-term growth.

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