Welcome to our dedicated page for Rekor Systems news (Ticker: REKR), a resource for investors and traders seeking the latest updates and insights on Rekor Systems stock.
Rekor Systems Inc. (NASDAQ: REKR) delivers AI-powered roadway intelligence through advanced computer vision and machine learning technologies. This news hub provides investors and stakeholders with essential updates on the company's innovations in traffic management, vehicle recognition systems, and public safety solutions.
Access real-time updates on Rekor's strategic developments including Rekor One™ platform enhancements, government contract awards, and partnership announcements. Our curated collection features earnings reports, regulatory filings, and technology deployment milestones that shape modern transportation infrastructure.
Key content categories include product launch details, financial performance updates, strategic collaborations, and operational expansions. Users will find authoritative information about Rekor Scout® deployments, urban mobility initiatives, and AI-driven traffic analytics advancements.
Bookmark this page for streamlined access to Rekor's official communications and third-party analyses. Regularly updated content ensures you maintain awareness of critical developments impacting intelligent transportation systems and digital infrastructure markets.
Rekor Systems (NASDAQ: REKR), a roadway intelligence technology leader, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 14, 2025, after market close. The company will host an earnings conference call at 4:30 p.m. Eastern Time on the same day.
Interested participants can join the call approximately 10 minutes before start time using the following dial-in numbers: North America: 877-407-8037 / +1 201-689-8037. A webcast will be available, and a replay will be accessible for two weeks following the call using replay numbers: 877-660-6853 / 201-612-7415 (Access ID: 13753513).
Rekor Systems (NASDAQ: REKR) reported strong financial results for 2024, achieving record annual gross revenue of $46.0 million, a 32% increase from $34.9 million in 2023. Q4 2024 revenue reached an all-time high of $13.3 million, up 20% year-over-year, with improved Adjusted EBITDA loss narrowing to $4.7 million from $6.7 million in Q4 2023.
Key operational achievements include Rekor Scout® certification in New Jersey, deployment of Vehicle Insite across 90 sites in Phoenix for EV studies, and a strategic partnership with Soundhound AI for emergency vehicle technologies. The company expanded its AI-powered Rekor Command® platform with new features for traffic management.
In early 2025, Rekor established an Executive Committee for strategic realignment, implementing workforce reductions and appointing new executives to focus on Rekor Scout® and Rekor Discover® products, aiming to accelerate revenue growth while reducing external financing dependence.
Rekor Systems (NASDAQ: REKR) has released preliminary financial results for 2024, projecting full-year revenue above $45.5 million, representing over 30% year-over-year growth. Fourth-quarter 2024 revenue is expected to exceed $12.5 million, showing above 12% growth compared to Q4 2023.
The company has implemented strategic cost reduction initiatives starting November 2024, including voluntary cash compensation reductions in exchange for equity awards. In January 2025, the Board established an Executive Committee to realign resources and accelerate revenue growth while reducing dependence on outside capital.
Significant organizational changes include workforce reductions and executive realignment focusing on the Rekor Scout® and Rekor Discover® product lines. Additionally, President and CEO David Desharnais has resigned as of March 12, 2025, with Board Chairman Robert A. Berman serving as Interim CEO while the search for a new CEO begins.
Rekor Systems (NASDAQ: REKR) has announced the deployment of its Vehicle Insite application, part of the Rekor Discover® platform, across 90 sites in the Phoenix metropolitan area. The AI-powered system aims to study electric vehicle (EV) movement and traffic patterns to support regional transportation planning and EV infrastructure development.
The Vehicle Insite application replaces traditional traffic monitoring methods with non-intrusive data collection, providing detailed analytics including:
- Vehicle class, count, and speed
- State of origin information
- EV volumes and travel patterns
This deployment enables transportation planners to optimize charging station placement and assess EV adoption trends with greater accuracy, supporting data-driven decision-making for future mobility infrastructure investments.
Rekor Systems (NASDAQ: REKR) has announced it will release its financial results for FY2024 on Monday, March 31, 2025, after market close. The company anticipates reporting record annual and quarterly revenue figures. Following the release, Rekor will host an earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results.
The conference call will be accessible via phone, with dial-in numbers provided for North American participants (877-407-8037 / +1 201-689-8037) and international access available. A webcast option will also be provided. A replay of the call will be available online for two weeks following the event, accessible via phone (877-660-6853 / 201-612-7415) with Access ID: 13751639, and through the Company's website under Investors, Events & Presentations.
Rekor Systems (NASDAQ: REKR), a leading provider of roadway intelligence technology, has announced its participation in the upcoming 37th Annual Roth Conference. The event will take place from March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, California.
The company's leadership, including President and CEO David Desharnais and CFO Eyal Hen, will be available for one-on-one and small group meetings with institutional investors during the conference. Interested investors can arrange meetings through their Roth sales representatives or by visiting www.roth.com/oc2025.
Rekor Systems (NASDAQ: REKR) has secured a European patent for technology that detects and quantifies irregular traffic congestion, complementing its existing US patent. The system uses data from multiple sources including in-vehicle sensors, roadway detectors, and online platforms to identify congestion outliers and respond with AI-driven insights.
The company has also obtained patents for two additional technologies: a privacy protection system that replaces personally identifiable information (PII) with obfuscated records in traffic monitoring, and an image-processing technique that optimizes vehicle recognition while reducing computational demands.
These innovations support Rekor's platforms including Rekor Scout®, Rekor Discover®, and Rekor Command®, powered by the Rekor One™ engine, advancing its mission to enhance roadway safety, efficiency, and sustainability through AI and data-driven solutions.
Rekor Systems (NASDAQ: REKR) has achieved certification for its Rekor Scout® vehicle recognition platform in New Jersey's Statewide Networked ALPR Program (NJ SNAP). The initiative, backed by $13 million in state funding, including a $10 million grant for ALPR deployment, aims to enhance public safety through advanced Automatic License Plate Recognition technology.
Rekor Scout® is an AI-driven platform that enables accurate vehicle and license plate recognition on various camera types, providing real-time actionable insights and forensic investigation capabilities. The system features military-grade encryption, patented obfuscation technology for PII protection, and advanced search capabilities including partial plate identification. When combined with Rekor's Edge Series systems, it offers secure on-device processing and real-time alerts for critical situations.
Rekor Systems (REKR) and SoundHound AI (SOUN) announced a collaboration to transform emergency vehicle technology by combining SoundHound's voice AI with Rekor's Scout® vehicle recognition software. The partnership aims to provide hands-free operation of automatic license plate recognition (ALPR) and other critical vehicle systems for law enforcement and first responders.
The integration will enable voice-controlled management of emergency light bars, sirens, two-way radios, PA systems, in-car printers, and HVAC control. The system will deliver immediate voice alerts for critical information like Amber and Silver Alerts or wanted vehicle sightings. The solution will also integrate with Mobile Data Terminals (MDTs) to provide access to criminal databases, dispatch details, and incident reports through voice commands.
The technology will utilize existing high-resolution cameras in modern vehicles, eliminating the need for aftermarket hardware. With approximately 100,000 police vehicles purchased annually in the U.S., the solution targets a significant market opportunity.
Rekor Systems (NASDAQ: REKR) has launched a new AI-powered Incident Priority Ranking feature in its Rekor Command™ platform, unveiled at the Transportation Research Board's 2025 Annual Meeting. The innovative feature helps traffic and emergency operations centers prioritize and respond to high-impact roadway incidents more efficiently.
The system uses advanced multi-factor prioritization technology to rank incidents based on customizable criteria unique to each agency. Early implementation with existing customers has shown a 60% reduction in the time required to move from incident detection to resource allocation decisions, primarily by reducing data collection and ground truth verification time.
According to Shobhit Jain, SVP of Global Product Management, the feature helps agencies improve traffic safety management through automated intelligent incident prioritization, enabling operators to focus on critical issues and deliver high-impact results while maintaining consistent service levels.
