Rekor Systems Q3 revenue $9.1M (+35% YoY); Adjusted EBITDA loss narrows to $6.6M

Rekor Systems, Inc.

Record Q3 gross revenue of $9.1M, up 35% from $6.8M in Q3 2022.
Performance obligations rose 41% to $30.2M vs $21.4M at Dec 2022.
Total contract value signed in Q3 was $8.4M, a 74% increase from $4.8M in Q3 2022.
Adjusted EBITDA loss improved to $6.6M from a $10.7M loss in Q3 2022.
Company expects strong Q4 and to meet or beat full-year estimates.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rekor Systems, Inc. reported the third quarter ended September 30, 2023 results: revenue $9.1 million.

Period: the third quarter ended September 30, 2023
Revenue: $9.1 million
Result: reported results

Exact text from the filing

Record Q3 2023 gross revenue of $9.1 million - an increase of 35% as compared to $6.8 million in Q3 2022

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Source: SEC EDGAR

accession 0001654954-23-014360

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