---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-003601"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:30:18.293885+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-003601
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000165495424003601/0001654954-24-003601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000165495424003601/rekr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-003601
- JSON: https://secwatch.observer/filing/0001654954-24-003601.json
- Plain text: https://secwatch.observer/filing/0001654954-24-003601.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495424003601/0001654954-24-003601-index.htm

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