---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-006407"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:20:20.907294+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rekor Q1 revenue up 58% to $9.8M, net loss widens; Desharnais named CEO

## Summary
- Q1 2024 revenue of $9.8M, up 58% YoY; recurring revenue of $5.0M, up 18% YoY.
- Net loss of $17.3M vs $13.3M in Q1 2023; adjusted EBITDA improved to -$7.4M from -$7.9M.
- David Desharnais appointed CEO effective May 16, succeeding founder Robert Berman who remains Executive Chairman.
- Viraj Mehta, Arctis Global CIO (11.6% holder), appointed Executive Director to Board.
- Closed All Traffic Data acquisition in Jan 2024; completed $26.4M public offering in Feb 2024.

## SEC filing metadata
- accession: 0001654954-24-006407
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000165495424006407/0001654954-24-006407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000165495424006407/rekr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-006407
- JSON: https://secwatch.observer/filing/0001654954-24-006407.json
- Plain text: https://secwatch.observer/filing/0001654954-24-006407.txt

## Key facts
- Earnings Releases
  Rekor Systems, Inc. reported financial results for first quarter ended March 31, 2024.
  - Period: first quarter ended March 31, 2024
  - Result: reported results
  source text: On May 15, 2024, Rekor Systems, Inc. (the “Company”) issued a press release summarizing the Company’s financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495424006407/0001654954-24-006407-index.htm
- Executive change
  David Desharnais was appointed as Chief Executive Officer at Rekor Systems, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On May 14, 2024, the board of directors (the “Board”) of the Company appointed David Desharnais as Chief Executive Officer of the Company, effective May 16, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495424006407/0001654954-24-006407-index.htm
- Executive change
  Robert A. Berman changed role as Chief Executive Officer at Rekor Systems, Inc..
  - Action: ceased to serve as
  - Role: Chief Executive Officer
  source text: Mr. Desharnais will succeed Robert A. Berman, who will cease to serve as the Chief Executive Officer of the Company effective May 16, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495424006407/0001654954-24-006407-index.htm
- Executive change
  Viraj Mehta was appointed as Executive Director at Rekor Systems, Inc..
  - Action: appointed
  - Role: Executive Director
  source text: On May 14, 2024, the Board approved an increase to the size of the Board by one seat, to ten members, and appointed Viraj Mehta to fill the resulting vacancy, effective as of May 16, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495424006407/0001654954-24-006407-index.htm

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