secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001437749-25-034859
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000143774925034859/0001437749-25-034859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000143774925034859/rekr20251112_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-034859

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer