COLUMBIA, Md., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, unveiled its new roadway Incident Priority Ranking feature at the Transportation Research Board's (TRB) 2025 Annual Meeting in Washington, DC. This prestigious event brings together thousands of transportation professionals from around the globe, featuring sessions and workshops on all modes of transportation and topics relevant to poli ...

COLUMBIA, Md., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, unveiled its new roadway Incident Priority Ranking feature at the Transportation Research Board's (TRB) 2025 Annual Meeting in Washington, DC. This prestigious event brings together thousands of transportation professionals from around the globe, featuring sessions and workshops on all modes of transportation and topics relevant to pol ...

Expansion Demonstrates Scalability Domestically and InternationallyCOLUMBIA, MD, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that the New Mexico Department of Transportation (NMDOT) has expanded its use of Rekor Discover™ and Rekor’s non-intrusive video-based Edge Series systems. This latest pay-for-data deployment, installed by an authorized third party, builds on the success ...

Financial Update - Rekor Systems fully satisfied the outstanding balance of $15 million under its August 2024 Prepaid Advance Agreement with an affiliate of Yorkville Advisors Global as of December 31, 2024 [1] - The prepayment demonstrates the company's commitment to prudent financial management and shareholder value creation, enhancing balance sheet flexibility [2] - Eliminating this obligation early positions Rekor to better capitalize on strategic growth initiatives while maintaining disciplined capital allocation [2] Company Overview - Rekor Systems is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI-enabled computer vision and machine learning [3] - The company is a pioneer in digital infrastructure implementation, collecting, connecting, and organizing the world's mobility data to create a digitally-enabled operating system for roadways [3] - Rekor's core technology, the Rekor One® Roadway Intelligence Engine, aggregates and transforms trillions of data points into actionable intelligence through proprietary computer vision, machine learning, and big data analytics [3] - The company's solutions provide governments and businesses with comprehensive roadway insights, aiming to create a safer, greener, and more efficient world [3]

S&P 500 Performance and Key Drivers - The sharp rise in the S&P 500 (SP500) in 2024 was largely driven by the "Magnificent 7" stocks, which constitute a significant portion of the index [1] - As 2025 begins, momentum stocks are experiencing selling pressure, indicating a potential shift in market dynamics [1] Analyst Background and Industry Insights - Gary Alexander, with extensive experience covering technology companies on Wall Street and working in Silicon Valley, provides valuable insights into industry trends [1] - He serves as an outside adviser to several seed-round startups, offering a unique perspective on emerging themes in the tech sector [1] - His contributions to Seeking Alpha since 2017 and syndication to platforms like Robinhood highlight his influence in the investment community [1]

Rekor Systems, Inc. (NASDAQ:REKR) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants David Desharnais - President and CEO Eyal Hen - CFO Conference Call Participants Mike Lattimore - Northland Capital Markets Louie DiPalma - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to today's Rekor Systems, Inc. Conference Call. My name is Kevin, and I will be your coordinator for today. [Operator Instructions] As a reminder, this conference call is being recor ...

Rekor Systems, Inc. (REKR) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.12, delivering a surprise of 7.69%.Over the last four quarters, the company has surpass ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38338 Rekor Systems, Inc. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-- ...

Exhibit 99.1 Highlights Rekor Systems Reports Third Quarter 2024 Financial Results Company commences implementation of Rekor Discover™ in Florida after receiving FDOT-approved product list certification ● Q3 2024 gross revenue increased 16% to $10.5 million compared to $9.1 million in Q3 2023 ● Q3 recurring revenue increased 14% to $5.5 million compared to $4.8 million ● Rekor Discover™ now on the Florida DOT Approved Product List, and deployments commenced ● Our CEO, David Desharnais, was inducted into the ...

A downtrend has been apparent in Rekor Systems, Inc. (REKR) lately with too much selling pressure. The stock has declined 23.6% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicator ...