Rekor Systems, Inc. REKR
Rekor is a roadway intelligence Company, working to modernize public safety, urban mobility, and transportation management through the development of cutting-edge solutions. By collaborating closely with public and private sector customers, we deliver mission-critical services and solutions that enable them to achieve their objectives effectively, while simultaneously building a new digital infrastructure operating system for roadways.
Our vision is to create safer, smarter, and more sustainable roadways and communities, improving the lives of citizens and the world around them. Our products and services collect, connect, and organize mobility data, making it more useful, and accessible, while providing actionable real-time insights to enable better decision-making. This provides our customers with significantly enhanced situational awareness, rapid response capabilities, risk mitigation strategies, and predictive analytics.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.5M | $46.0M | $34.9M | $19.9M | $11.6M | $9.2M | $5.5M | $20.1M | $22.1M | $12.1M |
| Cost of revenue | — | — | — | — | — | $3.5M | $1.7M | $10.0M | $13.8M | $7.0M |
| Gross profit | — | — | — | — | — | $5.7M | $3.8M | $10.1M | $8.3M | $5.2M |
| R&D | $14.6M | $18.8M | $18.3M | $18.6M | $8.3M | $3.2M | $1.4M | $131.0K | — | — |
| SG&A | $25.2M | $30.7M | $27.0M | $26.6M | $23.0M | $10.3M | $8.3M | $13.3M | $13.0M | $5.3M |
| Total operating expenses | $56.0M | $77.0M | $60.5M | $94.8M | $38.9M | $17.6M | $11.4M | $15.2M | — | — |
| Operating income | -$28.9M | -$54.3M | -$42.1M | -$85.8M | -$31.8M | -$11.8M | -$7.5M | -$5.1M | -$4.6M | -$93.9K |
| Interest expense | $2.3M | $2.6M | $3.6M | $21.0K | $27.0K | $2.5M | $3.9M | $492.0K | $213.5K | $165.1K |
| Pre-tax income | -$31.4M | -$61.4M | -$45.7M | -$84.4M | -$31.1M | -$13.9M | -$12.4M | -$5.7M | -$5.3M | -$259.0K |
| Income tax | $42.0K | $45.0K | $32.0K | $987.0K | $3.8M | $23.0K | $47.0K | $29.0K | $294.7K | $220.0K |
| Net income | -$31.5M | -$61.4M | -$45.7M | -$83.1M | -$26.8M | -$14.2M | -$15.9M | -$5.7M | -$5.0M | -$39.0K |
| EPS, basic | -0.26 | -0.71 | -0.72 | -1.67 | -0.66 | — | — | -0.44 | -0.51 | -0.01 |
| EPS, diluted | — | — | — | — | -0.65 | -0.64 | -0.85 | -0.44 | -0.51 | -0.01 |
| Shares, diluted (wtd. avg.) | $119.7M | $86.7M | $63.2M | $49.8M | $41.2M | — | — | $15.4M | $11.8M | $7.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $16.6M | $5.0M | $15.4M | $1.9M | $25.8M | $20.6M | $1.1M | $2.8M | $2.0M | $2.8M |
| Receivables | $8.8M | $7.2M | $5.0M | $3.2M | $953.0K | $1.0M | — | — | — | — |
| Inventory | $3.1M | $4.3M | $3.1M | $2.0M | $1.2M | $1.3M | $302.0K | $73.0K | $155.7K | $0 |
| Total current assets | $30.7M | $19.9M | $25.3M | $9.3M | $30.7M | $24.1M | $10.2M | $8.5M | $10.9M | $4.9M |
| Property, plant and equipment | $8.6M | $11.0M | $13.2M | $16.7M | $9.7M | $1.0M | $442.0K | $462.0K | $700.7K | $119.1K |
| Goodwill | $24.3M | $24.3M | $20.6M | $20.6M | $53.5M | $6.3M | $6.3M | $1.4M | $3.1M | $0 |
| Other intangibles | $13.2M | $14.4M | $17.2M | $21.3M | $21.3M | $6.8M | $8.2M | $3.5M | $5.5M | $0 |
| Total assets | $85.4M | $82.5M | $92.2M | $83.8M | $125.9M | $40.4M | $29.0M | $18.1M | $20.6M | $5.5M |
| Accounts payable | $4.4M | $4.3M | $5.1M | $6.0M | $7.0M | $1.8M | $3.7M | $3.4M | $1.4M | $577.3K |
| Short-term debt | — | — | — | — | — | — | $1.9M | $566.0K | — | — |
| Total current liabilities | $29.1M | $18.2M | $17.2M | $15.4M | $13.8M | $5.9M | $10.3M | $8.6M | $8.2M | $1.2M |
| Long-term debt | $15.0M | $15.9M | $26.0M | — | — | $469.0K | $0 | $964.7K | $1.4M | — |
| Total liabilities | $42.5M | $48.3M | $58.8M | $34.5M | $24.8M | $8.5M | $32.2M | $9.5M | $9.7M | $1.7M |
| Retained earnings | -$291.6M | -$260.1M | -$198.7M | -$153.0M | -$69.9M | -$43.0M | -$28.4M | -$12.1M | -$5.8M | -$430.4K |
| Total equity | $42.9M | $34.1M | $33.4M | $49.3M | $101.1M | $25.2M | -$9.0M | $3.5M | $6.5M | $1.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$20.4M | -$32.5M | -$32.6M | -$39.6M | -$18.0M | -$15.1M | -$21.3M | -$2.1M | -$3.2M | -$136.1K |
| Depreciation and amortisation | $6.3M | $9.5M | $7.9M | $6.4M | $3.1M | $2.0M | $323.0K | $1.0M | $142.5K | $51.9K |
| Stock-based compensation | $2.9M | $4.8M | $4.4M | $6.6M | $3.9M | $796.0K | $446.0K | $465.0K | $408.5K | $26.8K |
| Capital expenditure | $2.5M | $1.7M | $1.4M | $3.0M | $4.4M | $1.0M | $798.0K | $1.0M | $289.7K | $36.8K |
| Investing cash flow | -$2.2M | -$9.0M | $270.0K | -$8.4M | -$47.4M | $4.6M | -$563.0K | $395.0K | -$289.7K | -$36.8K |
| Financing cash flow | $34.1M | $31.1M | $45.6M | $23.9M | $71.0M | $29.6M | $21.0M | $2.5M | $2.6M | $2.4M |
| Buybacks | $189.0K | $189.0K | $105.0K | $98.0K | $319.0K | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-010647.
Others in SIC 3669
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LITE | Lumentum Holdings Inc. | $79.05B | — | 83.2% |
| ESE | ESCO TECHNOLOGIES INC | $7.10B | 23.7x | 19.2% |
| NSSC | NAPCO SECURITY TECHNOLOGIES, INC | $1.32B | 30.8x | 11.4% |
| AIOT | Powerfleet, Inc. | $405.4M | — | 22.4% |
| TBCH | Turtle Beach Corp | $223.5M | 16.2x | -14.2% |
| AMPG | AmpliTech Group, Inc. | $101.2M | — | 165.0% |
| INSG | INSEEGO CORP. | $69.6M | — | -13.1% |
| KSCP | Knightscope, Inc. | $26.5M | — | 4.9% |