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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.1M | $22.1M | $20.1M | $5.5M | $9.2M | $11.6M | $19.9M | $34.9M | $46.0M | $48.5M |
| Gross profit | $5.2M | $8.3M | $10.1M | $3.8M | $5.7M | — | — | — | — | — |
| Net income | -$39.0K | -$5.0M | -$5.7M | -$15.9M | -$14.2M | -$26.8M | -$83.1M | -$45.7M | -$61.4M | -$31.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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