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Novume(REKR) - 2021 Q1 - Quarterly Report
2021-05-10 20:07
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 March 31, 2021 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. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...
Novume(REKR) - 2020 Q4 - Annual Report
2021-03-12 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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. (Exact name of registrant as specified in its charter) Delaware 81-5266334 | Title of each class | Trading ...
Novume(REKR) - 2020 Q3 - Earnings Call Transcript
2020-11-10 03:17
Rekor Systems, Inc. (NASDAQ:REKR) Q3 2020 Earnings Conference Call November 9, 2020 4:00 PM ET Company Participants Robert Berman - President, Chief Executive Officer, Chairman of the Board of Directors Eyal Hen - Chief Financial Officer Conference Call Participants Zack Cummins - B Riley FBR Operator Good afternoon, ladies and gentlemen. And welcome to the Rekor Systems Inc Conference Call. My name is Omar Stanley and I will be your coordinator for today. At this time, all participants are in a listen only ...
Novume(REKR) - 2020 Q3 - Quarterly Report
2020-11-09 18:16
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, 2020 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. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...
Novume(REKR) - 2020 Q2 - Quarterly Report
2020-08-03 20:31
[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) This section presents Rekor Systems, Inc.'s unaudited condensed consolidated financial statements as of June 30, 2020, and for the three and six-month periods then ended, reflecting a strategic shift to technology services and the classification of professional services as discontinued operations [Condensed Consolidated Balance Sheets](index=4&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of June 30, 2020, Rekor Systems reported total assets of **$22,603 thousand**, a decrease from **$28,992 thousand** at year-end 2019, with total liabilities decreasing to **$27,243 thousand** from **$32,223 thousand**, resulting in a total stockholders' deficit of **$(10,862) thousand** Condensed Consolidated Balance Sheet Data (in thousands) | | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | **Total Current Assets** | $5,478 | $10,230 | | **Total Assets** | $22,603 | $28,992 | | **Total Current Liabilities** | $5,670 | $10,332 | | **Total Liabilities** | $27,243 | $32,223 | | **Total Stockholders' Deficit** | $(10,862) | $(9,035) | - As of June 30, 2020, notes payable subject to an exchange for common stock agreement amounted to **$14,600 thousand**, with this exchange completed subsequent to the quarter-end[12](index=12&type=chunk) [Condensed Consolidated Statements of Operations](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For the six months ended June 30, 2020, revenue from continuing operations increased **76%** to **$4,273 thousand**, with a net loss from continuing operations of **$4,193 thousand**, significantly reduced by a **$3,600 thousand** gain on business sales Statement of Operations Highlights (in thousands, except per share data) | Metric | Q2 2020 | Q2 2019 | Six Months 2020 | Six Months 2019 | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $2,677 | $1,416 | $4,273 | $2,426 | | **Gross Profit** | $1,401 | $1,145 | $2,503 | $1,665 | | **Loss from Operations** | $(2,779) | $(1,609) | $(5,382) | $(2,795) | | **Net Loss from Continuing Operations** | $(419) | $(2,991) | $(4,193) | $(5,509) | | **Loss per Share - Continuing Ops** | $(0.03) | $(0.17) | $(0.22) | $(0.32) | - A significant gain on the sale of business of **$3,600 thousand** was recognized in the second quarter of 2020, which substantially reduced the net loss[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the six months ended June 30, 2020, net cash used in operating activities from continuing operations was **$(6,234) thousand**, offset by **$5,253 thousand** from investing activities and **$1,264 thousand** from financing activities, leading to a net cash increase of **$283 thousand** Cash Flow Summary - Continuing Operations (Six Months Ended June 30, in thousands) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | **Net Cash Used in Operating Activities** | $(6,234) | $(2,913) | | **Net Cash Provided by (Used in) Investing Activities** | $5,253 | $(265) | | **Net Cash Provided by Financing Activities** | $1,264 | $3,839 | - The company received **$5,700 thousand** in proceeds from the sale of AOC Key Solutions and TeamGlobal during the first six months of 2020[20](index=20&type=chunk) - Financing activities in 2020 included **$2,200 thousand** in net proceeds from an at-the-market agreement and **$874 thousand** from a PPP loan, offset by **$2,200 thousand** in repayments of notes payable[20](index=20&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=NOTES%20TO%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) The notes detail the company's strategic shift to AI-enabled vehicle identification technology, classifying Professional Services as discontinued operations, and highlight key events including the **$8,000 thousand** sale of subsidiaries and a **$17,400 thousand** debt-for-equity exchange - The company has strategically shifted to focus on its technology services and products, classifying the entire Professional Services segment (including TeamGlobal, AOC Key Solutions, and Firestorm) as discontinued operations[30](index=30&type=chunk)[32](index=32&type=chunk) - On June 30, 2020, the company entered into Exchange Agreements to redeem approximately **$17,400 thousand** of its 2019 Promissory Notes in exchange for **4,349,497** shares of common stock at **$4.00** per share, with the transaction completed on July 15, 2020[36](index=36&type=chunk)[122](index=122&type=chunk)[172](index=172&type=chunk) - The company sold AOC Key Solutions on April 2, 2020, for **$4,000 thousand**, recognizing a gain of **$2,600 thousand**, and sold TeamGlobal on June 29, 2020, for **$4,000 thousand**, recognizing a gain of **$1,000 thousand**[88](index=88&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk) - As of June 30, 2020, the company had approximately **$15,200 thousand** of remaining performance obligations, with about **33%** expected to be recognized as revenue in the next twelve months[64](index=64&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=33&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses the strategic focus on AI-enabled vehicle identification systems, noting **76%** revenue growth in H1 2020, decreased gross margin due to initial infrastructure costs, increased operating expenses including a **344%** surge in R&D, and a post-quarter **$17,400 thousand** debt-for-equity exchange improving liquidity - The company has completed its strategic shift to focus on its core technology segment by selling its professional services subsidiaries, AOC Key Solutions and TeamGlobal[183](index=183&type=chunk)[214](index=214&type=chunk) Revenue from Continuing Operations (in thousands) | Period | 2020 | 2019 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Three Months Ended June 30** | $2,677 | $1,416 | $1,261 | 89% | | **Six Months Ended June 30** | $4,273 | $2,426 | $1,847 | 76% | - Gross margin decreased to **52%** in Q2 2020 from **81%** in Q2 2019, primarily due to higher initial costs associated with building infrastructure for large new software and hardware contracts[217](index=217&type=chunk) - Research and Development expenses increased by **344%** for the six months ended June 30, 2020, compared to the same period in 2019, reflecting the strategic shift to develop new products and enhance software capabilities[218](index=218&type=chunk)[221](index=221&type=chunk) - Subsequent to the quarter end, the company completed a Note Exchange, converting approximately **$17,400 thousand** of debt and associated fees into **4.35 million** shares of common stock, significantly improving the company's balance sheet[234](index=234&type=chunk)[236](index=236&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) As a 'smaller reporting company,' Rekor Systems, Inc. is exempt from providing quantitative and qualitative disclosures about market risk - The company is classified as a "smaller reporting company" and is therefore exempt from providing quantitative and qualitative disclosures about market risk[252](index=252&type=chunk) [Controls and Procedures](index=47&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that the company's disclosure controls and internal control over financial reporting were effective as of June 30, 2020, with no material changes reported during the quarter - Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2020[256](index=256&type=chunk) - Based on an assessment using the COSO framework, management concluded that the company's internal control over financial reporting was effective as of June 30, 2020[258](index=258&type=chunk) - There were no changes in internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[260](index=260&type=chunk) [PART II - OTHER INFORMATION](index=49&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=49&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company is involved in multiple legal proceedings, including a suit against former Firestorm executives, defense against a patent infringement claim by Vigilant Solutions, and a dispute with a former OpenALPR customer - The company is suing former executives of Firestorm, alleging fraudulent inducement in the acquisition of Firestorm[263](index=263&type=chunk) - Vigilant Solutions, LLC, a subsidiary of Motorola, has filed a patent infringement complaint against the company, which the company is defending[266](index=266&type=chunk) - The company's subsidiary, OpenALPR, is involved in a breach of contract and defamation lawsuit with a former customer, Plate Capture Solutions, Inc (PCS)[267](index=267&type=chunk) [Risk Factors](index=49&type=section&id=ITEM%201A.%20RISK%20FACTORS) This section supplements risk factors with new disclosures concerning the unpredictable impact of the COVID-19 pandemic and the potential non-forgiveness or negative public perception risks associated with the **$874 thousand** PPP loan - The company is unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance, and stock price due to curtailed business activity and market volatility[271](index=271&type=chunk) - There is a risk that the company's PPP loans, totaling **$874 thousand**, may not qualify for forgiveness, which would require repayment and could negatively affect operations, and the company also faces risks of penalties or negative public perception related to receiving these loans as a public company[272](index=272&type=chunk)[273](index=273&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=50&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) This section details equity activities, including the sale of **538,967** common shares for **$2,177 thousand** via ATM, an increase in authorized shares to **100 million**, and a post-quarter debt-for-equity exchange of **$17,400 thousand** in promissory notes for **4,349,497** shares - In the six months ended June 30, 2020, the company sold **538,967** shares of common stock for net proceeds of **$2,177 thousand** through its At-the-Market (ATM) sales agreement[276](index=276&type=chunk) - In March 2020, the company increased its authorized number of common stock shares from **30,000,000** to **100,000,000**[277](index=277&type=chunk) - A Note Exchange agreement was reached on June 30, 2020, and completed on July 15, 2020, where **4,349,497** shares of common stock were issued to redeem approximately **$17,400 thousand** in promissory notes and associated fees[278](index=278&type=chunk)[279](index=279&type=chunk) [Defaults Upon Senior Securities](index=52&type=section&id=ITEM%203.%20DEFAULTS%20UPON%20SENIOR%20SECURITIES) No defaults upon senior securities were reported - The company reported no defaults upon senior securities[282](index=282&type=chunk) [Mine Safety Disclosures](index=52&type=section&id=ITEM%204.%20MINE%20SAFETY%20DISCLOSURES) This item is not applicable to the company - This item is not applicable to the company[283](index=283&type=chunk) [Other Information](index=52&type=section&id=ITEM%205.%20OTHER%20INFORMATION) No other information was reported for this item - The company reported no other information for this item[284](index=284&type=chunk) [Exhibits](index=52&type=section&id=ITEM%206.%20EXHIBITS) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files - The exhibits filed with this report include CEO and CFO certifications under Sarbanes-Oxley Sections 302 and 906, as well as XBRL interactive data files[285](index=285&type=chunk)
Novume(REKR) - 2020 Q1 - Quarterly Report
2020-05-13 20:37
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 (410) 762-0800 (Registrant's telephone number, including area code) For the quarterly period ended March 31, 2020 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. (Exact name of registrant as spec ...
Novume(REKR) - 2019 Q4 - Annual Report
2020-03-30 20:37
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) 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. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 7172 Columbia Gateway Drive, Suite 400 Columbia, MD 21046 (Address of Principal Executive Offices) (Zip Code) Delaware 8 ...
Novume(REKR) - 2019 Q3 - Quarterly Report
2019-11-14 21:22
PART I - FINANCIAL INFORMATION [Financial Statements](index=5&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) Rekor Systems reported a net loss from continuing operations of **$11.0 million** on **$14.9 million** in total revenues for the nine months ended September 30, 2019, with total assets growing to **$30.8 million** and liabilities to **$32.5 million**, resulting in a stockholders' deficit Condensed Consolidated Balance Sheet (Unaudited) | (In thousands) | Sep 30, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | | **Total Assets** | **$30,823** | **$18,055** | | Total Current Assets | $10,715 | $8,530 | | Goodwill | $6,336 | $1,402 | | Intangible assets, net | $7,300 | $2,627 | | **Total Liabilities** | **$32,525** | **$9,547** | | Total Current Liabilities | $10,822 | $8,574 | | Notes payable | $20,076 | $875 | | **Total Stockholders' (Deficit) Equity** | **($7,308)** | **$3,456** | Condensed Consolidated Statement of Operations (Unaudited) | (In thousands) | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | **Total Revenue** | **$14,884** | **$15,271** | | Gross Profit | $7,864 | $7,737 | | Loss from Operations | ($6,889) | ($3,438) | | **Net Loss from Continuing Operations** | **($10,978)** | **($3,649)** | | Net Loss | ($11,428) | ($3,619) | | **Loss Per Share (Basic & Diluted)** | **($0.63)** | **($0.31)** | Condensed Consolidated Statements of Cash Flows (Unaudited) | (In thousands) | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Net cash used in operating activities | ($9,255) | ($1,098) | | Net cash (used in) provided by investing activities | ($406) | $519 | | Net cash provided by financing activities | $9,100 | $106 | | **Net decrease in cash** | **($561)** | **($473)** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=40&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management's discussion highlights a strategic shift towards the Technology Segment, driven by the OpenALPR acquisition, leading to increased technology revenue and operating expenses, financed by new debt and equity offerings, despite ongoing operating losses - The company has reorganized into two business segments: Technology and Professional Services, reflecting a strategic focus on technology products and services, particularly following the acquisition of OpenALPR Technology[200](index=200&type=chunk)[201](index=201&type=chunk) - In Q3 2019, the company classified its subsidiary 'Global' (GTS and GCP) as held for sale, removing its results from continuing operations to concentrate on the Technology Segment[206](index=206&type=chunk) - The company funded the OpenALPR acquisition and operations by issuing **$20 million** in promissory notes with **16%** interest and warrants, and also initiated a **$15 million** at-the-market (ATM) equity offering[208](index=208&type=chunk)[265](index=265&type=chunk) Revenue by Segment (Continuing Operations) | (In thousands) | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | Change (%) | | :--- | :--- | :--- | :--- | | Technology | $3,962 | $2,639 | +50% | | Professional Services | $10,922 | $12,632 | -14% | | **Total Revenue** | **$14,884** | **$15,271** | **-3%** | Operating Expenses (Continuing Operations) | (In thousands) | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | Change (%) | | :--- | :--- | :--- | :--- | | General and administrative | $10,435 | $9,953 | +5% | | Selling and marketing | $2,012 | $1,095 | +84% | | Research and development | $757 | $127 | +496% | | Impairment of intangibles | $1,549 | $0 | N/A | | **Total Operating Expenses** | **$14,753** | **$11,175** | **+32%** | [Quantitative and Qualitative Disclosures About Market Risk](index=57&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) As a "smaller reporting company," Rekor is exempt from providing quantitative and qualitative disclosures about market risk - The company is classified as a "smaller reporting company" and is therefore exempt from providing quantitative and qualitative disclosures about market risk[274](index=274&type=chunk) [Controls and Procedures](index=57&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that the company's disclosure controls and procedures were not effective as of September 30, 2019, due to un-remediated material weaknesses, despite ongoing remediation efforts - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were not effective as of September 30, 2019[276](index=276&type=chunk) - Management's assessment concluded that internal control over financial reporting was not effective due to material weaknesses identified in prior years (**2017** and **2018**) that had not yet been fully remediated[278](index=278&type=chunk)[279](index=279&type=chunk) - Remediation efforts include hiring a CFO, forming a disclosure committee, augmenting accounting staff, and engaging an accounting firm to improve internal control processes[279](index=279&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=59&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company is involved in a significant legal proceeding against former Firestorm executives, alleging fraudulent inducement in the acquisition and seeking rescission, with counterclaims filed by the former executives - On August **17**, **2019**, Rekor filed a lawsuit against the former executives of Firestorm, alleging fraudulent inducement in the acquisition of Firestorm[283](index=283&type=chunk) - The company seeks rescission of the Membership Interest Purchase Agreement, including the notes and warrants issued to the Firestorm principals The principals have filed counterclaims[283](index=283&type=chunk) [Risk Factors](index=59&type=section&id=ITEM%201A.%20RISK%20FACTORS) No material changes have occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K - No material changes have been made to the risk factors disclosed in the Annual Report on Form **10-K** filed on April **11**, **2019**[284](index=284&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=59&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company issued unregistered shares and warrants for the OpenALPR acquisition and sold shares through an At-the-Market program, with proceeds primarily funding R&D and sales & marketing for its strategic technology shift - On March **12**, **2019**, the company issued **600,000** unregistered shares of common stock and warrants to purchase **2,500,000** shares as part of the OpenALPR acquisition and related financing[285](index=285&type=chunk) - On August **14**, **2019**, the company entered into an At-the-Market (ATM) sales agreement to sell up to **$15 million** of common stock[292](index=292&type=chunk) - In September **2019**, the company sold **103,566** shares under the ATM agreement at an average price of **$2.84 per share**, raising net cash of **$29,000** after commissions and fees[293](index=293&type=chunk) - Proceeds have been primarily used for research and development, sales, and marketing expenses related to the OpenALPR software, reflecting the company's strategic shift[294](index=294&type=chunk) [Defaults Upon Senior Securities](index=60&type=section&id=ITEM%203.%20DEFAULTS%20UPON%20SENIOR%20SECURITIES) The company reported no defaults upon senior securities - None[295](index=295&type=chunk) [Mine Safety Disclosures](index=60&type=section&id=ITEM%204.%20MINE%20SAFETY%20DISCLOSURES) This item is not applicable to the company - Not applicable[296](index=296&type=chunk) [Other Information](index=60&type=section&id=ITEM%205.%20OTHER%20INFORMATION) The company reported no other information for this item - None[297](index=297&type=chunk) [Exhibits](index=61&type=section&id=ITEM%206.%20EXHIBITS) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data, incorporating previously filed documents by reference - The exhibits include CEO and CFO certifications under Rule **13a-14(a)**/**15d-14(a)** and Section **1350**, as well as XBRL instance documents[299](index=299&type=chunk)
Novume(REKR) - 2019 Q2 - Quarterly Report
2019-08-14 00:02
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 transition period from to Commission File Number: 001-38338 Rekor Systems, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 81-5266334 7172 Columbia Gateway Drive, Suite 400 Columbia, MD (Address princ ...
Novume(REKR) - 2019 Q1 - Quarterly Report
2019-05-14 20:08
☐ 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. 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 March 31, 2019 OR (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...