secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001654954-22-015269
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rekor Q3 revenue jumps 184% to $7.4M; net loss of $48M includes $34.8M goodwill impairment
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- Revenue $7.4M vs $2.6M a year ago; recurring revenue rose to 65% of total from 47%.
- Net loss per share $(0.90) vs $(0.23); adjusted loss per share $(0.17) flat YoY.
- Goodwill impairment charge of $34.8M triggered by market cap decline in Q3.
- Performance obligations rose 27% to $28.6M; contracts won YTD $8.3M, up 14%.
- Adjusted EBITDA loss widened to $(9.2M) from $(6.7M) due to higher OpEx.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000165495422015269/0001654954-22-015269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000165495422015269/rekr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-015269

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