Highest-materiality recent filing
Rekor Q1 revenue up 12% to $10.3M; gross margin 53%; EBITDA loss narrows
Revenue $10.3M (+12% YoY); gross margin 53% vs 48% in Q1 2025.
Rekor Systems receives Nasdaq deficiency notice for minimum bid price non-compliance
Notice received April 27, 2026; closing bid price below $1.00 for 30 consecutive days from Mar 13 to Apr 24, 2026.
Rekor Systems reports FY2025 revenue $48.5M (+5% YoY), net loss improves to $31.5M from $61.4M
Revenue $48.45M, up 5% YoY; adjusted gross margin expanded to 55.9% from 49.3%.
Net proceeds to Rekor expected ~$14M; used for working capital, capex, and general corporate purposes.
Rekor posts record Q3 revenue $14.2M, 63% adj. gross margin; CFO Hen resigns, replaced by Nalepa
Q3 revenue $14.2M (+35% YoY); adj. gross margin 63.4% vs 44%; adj. EBITDA loss narrowed to $1.5M.
Rekor Systems expects record Q3 revenue $13.9M-$14.3M, Adj EBITDA loss down >65% QoQ
Record quarterly revenue expected between $13.9M and $14.3M.
Rekor Systems Q2 2025 revenue flat at $12.4M; operating loss narrows 23% YoY
Revenue $12.4M, flat YoY; adjusted gross margin 49.5% vs 53.5% (down 4 ppt).
Rekor Systems wins $1.2M contract to deploy 150 AI traffic sensors for Sun Belt state agency
One-year Data-as-a-Service contract valued at $1.2 million; all 150 Rekor Discover systems to be installed within 60 days.
Rekor Systems wins Texas statewide contract; Austin pilot showed 159% incident detection increase
Multi-year statewide contract with Texas DOT to deploy Rekor Command platform across all TxDOT districts.
Rekor Systems Q1 revenue $9.2M (-6% YoY); adjusted EBITDA loss narrows to $7.4M
Gross revenue $9.2M, down 6% from $9.8M in Q1 2024 due to weather and government uncertainty.
Rekor Systems: Auditor resignation and appointment; going concern note persists
Marcum LLP resigned as independent auditor on April 22, 2025; Audit Committee appointed CBIZ CPAs effective immediately.
Approximately 14% of Rekor's outstanding common stock accumulated through one DTC participant as of March 28, 2025.
Rekor Systems reports record 2024 revenue of $46M; Q4 adjusted EBITDA loss narrows to $4.7M
Annual revenue $46.0M (+32% YoY); Q4 revenue $13.3M (+20% YoY).
Rekor Systems Q4 net loss widens to $20.4M; CEO David Desharnais resigns
Preliminary FY2024 revenue above $45.5M (+30% YoY); Q4 revenue above $12.5M (+12% YoY).
Rekor Systems fully satisfies $15M prepaid advance from Yorkville Advisors as of Dec 31, 2024
Repaid entire $15M pre-paid advance to YA II PN (Yorkville affiliate) ahead of schedule, as of Dec. 31, 2024.
Q3 revenue $10.5M (+16% YoY); recurring revenue $5.5M (+14% YoY).
CEO Desharnais reports significant YoY revenue increase; no exact figures given in letter.
Rekor Systems enters $15M prepaid advance with Yorkville; potential additional $20M
Initial advance of $15M; net proceeds ~$14.1M after 6% original issue discount.
Rekor Systems Q2 revenue up 45% to $12.4M, secures $35M financing, wins contracts up to $15M
Q2 revenue $12.4M (+45% YoY); YTD $22.2M (+51%)
Rekor Q1 revenue up 58% to $9.8M, net loss widens; Desharnais named CEO
Q1 2024 revenue of $9.8M, up 58% YoY; recurring revenue of $5.0M, up 18% YoY.
Rekor Systems FY2023 revenue $34.9M (+75% YoY); contract value $49.1M (+124%)
Q4 2023 revenue $11.1M, up 71% from Q4 2022; full-year adjusted gross margin 52.8% vs 45.3%.
Rekor early redeems all $12.5M senior secured notes on March 4, 2024
Redemption price is 115% of principal plus accrued interest; payment partly in 750k unregistered shares at $2.50/share.
Acquisition closed Jan 2, 2024; Rekor acquired all LLC interests of ATD.
Rekor Systems closes full exercise of underwriters' option, raising $3.5M
Sold additional 1.5M shares of common stock at $2.50/share upon full exercise of underwriters' option.
Rekor Systems raises ~$22.9M in 10M share offering at $2.50; prelim Q4 rev $10.6-11.1M
Priced 10M shares at $2.50, net proceeds ~$22.9M after underwriting discounts and expenses.
Rekor acquires ATD for ~$19M; ATD FY2023 rev ~$9.5M, EBITDA ~$3M
Acquisition of All Traffic Data Services for ~$19M ($9M cash + ~3.5M shares at $2.86/share).
Rekor closes $15M public offering of 13.25% Series A Notes due 2026
$15M aggregate principal of 13.25% Series A Prime Revenue Sharing Notes due Dec 15, 2026.
Rekor Systems closes $15M registered offering of 13.25% revenue sharing notes due 2026
Completed sale of $15M aggregate principal of 13.25% Series A Prime Revenue Sharing Notes due Dec 15, 2026.
Rekor Systems Q3 revenue $9.1M (+35% YoY); Adjusted EBITDA loss narrows to $6.6M
Record Q3 gross revenue of $9.1M, up 35% from $6.8M in Q3 2022.
Rekor Systems Q2 revenue $8.6M (+132% YoY); recurring revenue $5.8M (+178%)
Gross revenue $8.6M vs $3.7M in Q2 2022; net loss from ops $11.1M vs $15.4M.
Rekor Systems raises $11M via warrant exercise, issues new warrants for 2.85M shares
Exercising holder paid $10.996M to exercise 6,872,853 existing warrants at $1.60/share; Rekor issued 6,872,853 common shares.
Rekor Q1 revenue surges 108% to $6.2M; net loss flat at $12.7M, adjusted EBITDA -$9.4M
Gross revenue $6.2M (+108% YoY); recurring revenue $4.2M (+148% YoY) from SaaS and data.
David Desharnais, Chief Executive Officer of the Company, resigned from the Company, which resignation was accepted by Company’s Board of Directors on March 14, 2025.
Effective November 12, 2024, Anne Townsend voluntarily resigned from her position as a member of the board of directors (the “Board”) of Rekor Systems, Inc. (the “Company”) in order to pursue personal commitments.
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.
Mr. Desharnais will succeed Robert A. Berman, who will cease to serve as the Chief Executive Officer of the Company effective May 16, 2024.
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.
On March 1, 2024, the board of directors (the “Board”) of Rekor Systems, Inc. (the “Company”) approved an increase to the size of the Board by one seat, to nine members, and appointed Anne Townsend to fill the resulting vacancy.
On January 2, 2024, at the designation of Seller, the Board appointed Andrew (Drew) Meyers as a member of the Board, with such appointment to take effect immediately.
On July 27, 2023, Rekor Systems, Inc. (the “Company”) announced that Dr. Richard Nathan will retire from the Board of Directors of the Company, effective when his current term expires at the Company’s next annual meeting of stockholders.
The Company also announced that David Desharnais has been appointed to the position of President and Chief Operating Officer of the Company, effective September 30, 2022.
On September 28, 2022, Rekor Systems, Inc. (the “Company”) publicly announced that Rodney Hillman will resign, effective September 30, 2022, from his position as Chief Operating Officer of the Company to pursue other interests.
On January 3, 2022, Rekor Systems, Inc. (the “Company”) publicly announced the appointment of David Desharnais, 50, as the Company’s President.
On August 18 2021, in connection with the closing of the acquisition of Waycare, the Company publicly announced the appointment of Noam Maital, age 34, to serve as Chief Executive Officer of Waycare, the Company’s wholly-owned subsidiary.
Max materiality 0.85 · Median 0.65 · Most common event other_material