Rekor Systems to Announce 2021 Financial Results

Rhea-AI Summary

Rekor Systems (NASDAQ:REKR) reported a significant revenue increase for 2021, achieving over $14 million, up from $9.2 million in 2020, representing more than 50% growth. The company plans to disclose its FY2021 financial results on March 31, 2022, followed by an earnings conference call at 4:30 PM ET. CEO Robert A. Berman expressed optimism about the company's momentum and its Rekor One™ platform, which positions them as leaders in intelligent infrastructure.

Positive

• Revenue for 2021 increased to over $14 million, a 50% growth compared to 2020.
• Strong momentum and traction with the Rekor One™ platform.

Negative

• None.

• Revenue for the year ended 2021 was above $14.0 million, compared to $9.2 million in the same period last year, a robust increase of more than 50%
• Company will host earnings call on Thursday, March 31, 2022

COLUMBIA, MD / ACCESSWIRE / March 14, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter and more efficient cities around the world through intelligent infrastructure, today announced that its financial results for FY2021 will be released on Thursday, March 31, 2022, after market close. On the same day, the company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results.

"We are entering the new year with strong momentum across our businesses and excellent traction with our Rekor One™ platform," said Robert A. Berman, CEO, Rekor. "Intelligent infrastructure is coming, and Rekor is leading the way. We look forward to updating our shareholders on our March 31, 2022, earnings conference call."

CONFERENCE CALL INFORMATION
Any person interested in participating in the call should please dial in approximately 10 minutes prior to the start of the call using the following information:

North America: 877-407-8037 (Toll Free)

International: 201-689-8037

A live webcast of the conference call will be available online at: https://themediaframe.com/mediaframe/webcast.html?webcastid=a2KXrPFk

REPLAY INFORMATION
A replay will be made available online approximately two hours following the live call for a period of two weeks. To access the replay, use the following numbers:

Replay Dial-In: 877-660-6853 / 201-612-7415

Access ID: 13726685

An archived webcast will also be available to replay this conference call directly from the Company's website under Investors, Events & Presentations.

About Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ:REKR) is a trusted global authority on intelligent infrastructure providing innovative solutions that drive the world to be safer, smarter, and more efficient. As a provider of comprehensive, continuous, and real-time roadway intelligence, Rekor leverages AI, machine learning, and holistic data to support the intelligent infrastructure that is essential for smart mobility. With its disruptive technology, the Company delivers integrated solutions, actionable insights, and predictions that increase roadway safety. To learn more please visit our website: https://rekor.ai and follow Rekor on social media at:

• LinkedIn: https://www.linkedin.com/company/rekor/
• Facebook: https://www.facebook.com/rekor/
• Twitter: https://twitter.com/RekorSystems

Forward-Looking Statements
This press release and its links and attachments contain statements concerning Rekor Systems, Inc. and its future expectations, plans and prospects that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the impact of Rekor's core suite of AI-powered technology and the size of the market for global ALPR systems. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.

Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekorsystems.com

Media Contact:
Robin Bectel
REQ for Rekor
rekor@req.co

SOURCE: Rekor Systems, Inc.

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FAQ

What was Rekor's revenue for FY2021?

Rekor's revenue for FY2021 was over $14 million, an increase of more than 50% from $9.2 million in FY2020.

When will Rekor announce its 2021 financial results?

Rekor will announce its 2021 financial results on March 31, 2022, after market close.

What time is Rekor's earnings call?

Rekor's earnings conference call will take place at 4:30 PM ET on March 31, 2022.