Rekor Systems Q2 revenue up 45% to $12.4M, secures $35M financing, wins contracts up to $15M

Rekor Systems, Inc.

Q2 revenue $12.4M (+45% YoY); YTD $22.2M (+51%)
Adjusted EBITDA loss improved to $5.8M from $7.2M
Secured $35M financing facility, drew $15M; restricts short sales, conversion limited to $2.625M/mo
Awarded contracts: MD DOT $1.5M; multi-year deals up to $15M from TxDOT, Ohio DOT, Pitkin County
Rekor Command platform adopted by OK, KS, OR; B.C. Ziegler appointed placement agent

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