---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-003601"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:08:57.345472+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rekor reports 2022 revenue up 72% to $19.9M; net loss swells to $83.5M on $34.8M goodwill impairment

## Summary
- Gross revenue (excl. ATSE) $19.9M, +72% YoY; recurring revenue $13.1M, +182% YoY.
- GAAP net loss from continuing ops $83.5M vs $27.4M loss in 2021; includes $34.8M goodwill impairment.
- Adjusted EBITDA loss $37.4M vs $22.8M loss in 2021; operating expenses rose but Q4 cost cuts of $3.95M.
- Performance obligations $21.4M (+45% YoY); total contract value of new contracts $22.0M (+146% YoY).
- Closed $15M senior secured notes in Jan 2023; sold ATSE unit; acquired Southern Traffic Services in June 2022.

## SEC filing metadata
- accession: 0001654954-23-003601
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000165495423003601/0001654954-23-003601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000165495423003601/rekr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-003601
- JSON: https://secwatch.observer/filing/0001654954-23-003601.json
- Plain text: https://secwatch.observer/filing/0001654954-23-003601.txt

## Key facts
- Earnings Releases
  Rekor Systems, Inc. reported fiscal year ended December 31, 2022 results: revenue $19,920,000.
  - Period: fiscal year ended December 31, 2022
  - Revenue: $19,920,000
  - Result: reported results
  source text: Gross revenue for the year ended December 31, 2022, increased $8,345,000 or 72% to $19,920,000, compared to $11,575,000 for the year ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495423003601/0001654954-23-003601-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.