Rekor posts record Q3 revenue $14.2M, 63% adj. gross margin; CFO Hen resigns, replaced by Nalepa

Rekor Systems, Inc.

Q3 revenue $14.2M (+35% YoY); adj. gross margin 63.4% vs 44%; adj. EBITDA loss narrowed to $1.5M.
CFO Eyal Hen resigns effective Nov 17, 2025; Joseph Nalepa (Corporate Controller) appointed CFO.
Georgia DOT contract: min $50M over 8 years, potential to exceed $100M with cooperative purchasing.
South Carolina virtual weigh station award; initial order ~$1M with further expansion expected.
Three new states adopted Rekor Discover; Rekor Labs launching deep-fake detection product.

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