Rekor Systems FY2023 revenue $34.9M (+75% YoY); contract value $49.1M (+124%)

Rekor Systems, Inc.

Q4 2023 revenue $11.1M, up 71% from Q4 2022; full-year adjusted gross margin 52.8% vs 45.3%.
Total contract value won in 2023 was $49.1M, a 124% increase from $22.0M in 2022.
Performance obligations reached $26.4M as of Dec 31, 2023, up 23% from $21.4M a year earlier.
Adjusted EBITDA loss improved to -$28.7M from -$37.4M in 2022; net loss from continuing ops -$45.7M vs -$83.5M.
Fourth consecutive quarter of top-line growth; CEO cited 162% CAGR from 2018-2023.

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 financial results for the fourth quarter and the fiscal year ended December 31, 2023.

Period: the fourth quarter and the fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 25, 2024, Rekor Systems, Inc. (the “Company”) issued a press release summarizing the Company’s financial results for the fourth quarter and the fiscal year ended December 31, 2023.

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Rekor Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-003601

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