---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-006564"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:18:41.771299+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rekor Q1 revenue surges 108% to $6.2M; net loss flat at $12.7M, adjusted EBITDA -$9.4M

## Summary
- Gross revenue $6.2M (+108% YoY); recurring revenue $4.2M (+148% YoY) from SaaS and data.
- Performance obligations $24.3M (+14% from Dec 2022); new contracts won $12.1M (+692% YoY).
- Net loss from operations $16.0M vs $14.1M; net loss from continuing ops $12.7M flat YoY.
- Adjusted EBITDA loss $9.38M vs $9.40M; CFO cites cost reduction progress.
- Closed $15M senior secured notes and $10M registered direct offering in Q1 2023.

## SEC filing metadata
- accession: 0001654954-23-006564
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000165495423006564/0001654954-23-006564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000165495423006564/rekr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-006564
- JSON: https://secwatch.observer/filing/0001654954-23-006564.json
- Plain text: https://secwatch.observer/filing/0001654954-23-006564.txt

## Key facts
- Earnings Releases
  Rekor Systems, Inc. reported the first quarter ended March 31, 2023 results: revenue $6,185,000.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $6,185,000
  - Result: reported results
  source text: Gross revenue for the three months ended March 31, 2023, increased $3,210,000 or 108% to $6,185,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495423006564/0001654954-23-006564-index.htm

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