Rekor Systems
REKR

$1.14

1.72%

Market Cap: $101M

About: Rekor Systems Inc is a United States-based company. The company is engaged in providing real-time roadway intelligence through AI-driven decisions. The firm uses artificial intelligence to analyze video streams and transform them into AI-driven decisions. The company's technology and machine learning models power all solutions, including Rekor Command for transportation management, Rekor Discover for urban mobility, and Rekor Scout for public safety, and commercial use. Its geographical segments are the United States and Others, of which the majority of its revenue comes from the United States.

Employees: 351

Communication Services Communications Equipment

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

0.3% less ownership

Funds ownership: 57.79% [Q1] → 57.49% (-0.3%) [Q2]

3% less funds holding

Funds holding: 93 [Q1] → 90 (-3) [Q2]

12% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 26

24% less call options, than puts

Call options by funds: $176K | Put options by funds: $232K

33% less capital invested

Capital invested by funds: $113M [Q1] → $76M (-$36.9M) [Q2]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for REKR.

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Financial journalist opinion

Based on 8 articles about REKR published over the past 30 days

Zacks Investment Research

Down -23.63% in 4 Weeks, Here's Why Rekor Systems (REKR) Looks Ripe for a Turnaround

Rekor Systems (REKR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -23.63% in 4 Weeks, Here's Why Rekor Systems (REKR) Looks Ripe for a Turnaround

Rekor Systems President and CEO David Desharnais Outlines Strategic Vision and Growth Milestones in New Shareholder Letter

COLUMBIA, MD / ACCESSWIRE / September 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the release of a new shareholder letter from President and CEO David Desharnais. The letter offers an overview of the Company's recent achievements, strategic milestones, and future growth prospects.

Rekor Systems President and CEO David Desharnais Outlines Strategic Vision and Growth Milestones in New Shareholder Letter

Rekor Systems Strengthens Leadership with Industry Expert Rish Malhotra as Executive Vice President of Global Strategic Growth

Respected ITS Industry Veteran to Drive Channel Expansion in North America and Global Markets COLUMBIA, MD / ACCESSWIRE / September 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the appointment of Rish Malhotra as Executive Vice President of Global Strategic Growth. With over 20 years of international management experience in the Intelligent Transportation Solutions (ITS) sector, Mr.

Rekor Systems Strengthens Leadership with Industry Expert Rish Malhotra as Executive Vice President of Global Strategic Growth

Rekor Secures SOC2 Type II Certification, Setting Standard for Roadway Data Protection

Rekor provides Rekor Scout®, Rekor Discover™, and Rekor Command™ Customers with Certifiable Confidence and Trust in Data Security COLUMBIA, MD / ACCESSWIRE / August 21, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its Rekor Scout® and Rekor Discover™ platforms have successfully completed the Service Organization Control (SOC) 2 Type II audit, joining the already SOC 2 compliant Rekor Command™ platform. This achievement highlights Rekor's ongoing commitment to the highest standards of security and operational excellence.

Rekor Secures SOC2 Type II Certification, Setting Standard for Roadway Data Protection

Rekor Systems, Inc. (REKR) Q2 2024 Earnings Call Transcript

Rekor Systems, Inc. (NASDAQ:REKR ) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants David Desharnais - President and CEO Eyal Hen - CFO Conference Call Participants Mike Latimore - Northland Capital Markets Noah Levitz - William Blair KC Ambrecht - Shay Capital Operator Good afternoon, ladies and gentlemen, and welcome to today's Rekor Systems, Inc. Conference Call. My name is Diego, and I will be your coordinator for today.

Rekor Systems, Inc. (REKR) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Rekor Systems, Inc. (REKR) Reports Q2 Loss, Tops Revenue Estimates

Rekor Systems, Inc. (REKR) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.18 per share a year ago.

Rekor Systems, Inc. (REKR) Reports Q2 Loss, Tops Revenue Estimates

Rekor Systems, Inc. Announces Strong Second Quarter 2024 Financial Results, Secures Facility for Up to $35 Million in Financing, Accelerates Customer Adoption Across All Business Segments

Highlights: Received $15 million prepaid advance under facility to provide up to $35 million in financing, strengthening the Company's financial position and supporting future growth initiatives Q2 2024 gross revenue increased 45% to $12.4 million compared to $8.6 million in Q2 2023 Q2 year-to-date 2024 gross revenue increased 51% to $22.2 million compared to $14.7 million in 2023 Improved Adjusted EBITDA from a loss of $7.2 million for Q2 2023 to a loss of $5.8 million for Q2 2024 Secured $1.5 million contract with Maryland DOT for the Strategic Corridor Monitoring project Expanded adoption of the Rekor CommandTM platform by transportation agencies in Oklahoma, Kansas, and Umatilla County, Oregon Awarded multi-year contracts with TxDOT, Ohio DOT, and Pitkin County, Colorado, valued at up to $15 million Appointed specialty investment bank B.C. Ziegler & Company as the placement agent for future revenue-sharing notes COLUMBIA, MD / ACCESSWIRE / August 14, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing advanced roadway intelligence technology, today announced its financial results for the quarter ending June 30, 2024.

Rekor Systems, Inc. Announces Strong Second Quarter 2024 Financial Results, Secures Facility for Up to $35 Million in Financing, Accelerates Customer Adoption Across All Business Segments

Rekor Expands Westward with Major Contracts in Texas, Ohio, and Colorado for Traffic Data Collection and Reporting

Up to $15 Million In Combined Multi-Year Contracts for Traffic Data and Air Quality Studies COLUMBIA, MD / ACCESSWIRE / August 12, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it has secured significant contracts with the Texas Department of Transportation (TxDOT), the Ohio Department of Transportation (OhioDOT), and Pitkin County, Colorado for comprehensive traffic studies. These multi-year agreements, valued at up to $15 million, signal Rekor's continued westward expansion across the United States and underscores the growing adoption by state and local transportation agencies of Rekor's traffic services, including AI-based vehicle classification, vehicle counting, and speed detection (CCS), as well as air quality studies using the CCS and Vehicle Insite applications within Rekor Discover™.

Rekor Expands Westward with Major Contracts in Texas, Ohio, and Colorado for Traffic Data Collection and Reporting

Rekor Command(TM) Platform Transforms Traffic Management and Enhances Roadway Safety With Initial Adoptions in Oklahoma, Kansas, and Oregon

Rekor Command™ Platform Enables State, Regional, and Rural Transportation Agencies to step into the Future of Traffic Management with AI-Driven Event Detection, Response and Analytics COLUMBIA, MD / ACCESSWIRE / August 7, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the initial adoption of its industry-leading Rekor Command™ platform by Departments of Transportation (DOT) in Oklahoma, Kansas, and Umatilla County, Oregon. These agencies can now monitor traffic in real-time and leverage AI-driven insights in specific areas of these states to better inform and respond swiftly to potentially dangerous roadway incidents, up to 23 minutes faster than traditional approaches across urban and rural regions.

Rekor Command(TM) Platform Transforms Traffic Management and Enhances Roadway Safety With Initial Adoptions in Oklahoma, Kansas, and Oregon

Rekor Systems Pioneers $1.5M Roadway Intelligence Program for Maryland Highways

Rekor Discover to Power Corridor Management and Sustainable Mobility Across Maryland's I-495, I-95, and I-695 Roadways COLUMBIA, MD / ACCESSWIRE / August 5, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the launch of its Strategic Corridor Monitoring project, funded by an initial stage one $1,497,000 federal and state grant. This groundbreaking initiative will deploy Rekor's state-of-the-art AI-powered sensors along vital transportation corridors from Washington, D.C.

Rekor Systems Pioneers $1.5M Roadway Intelligence Program for Maryland Highways

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