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REKOR SYSTEMS EXPECTS Q3 2025 RECORD REVENUE, A SIGNIFICANT IMPROVEMENT IN ADJUSTED EBITDA AND GROSS MARGIN
Globenewswire· 2025-10-14 11:00
Core Insights - Rekor Systems, Inc. announced preliminary financial results for Q3 2025, indicating record quarterly revenue and a significant reduction in Adjusted EBITDA loss by over 65% compared to Q2 2025 and over 75% compared to Q3 2024 [1][2][7] - The company attributes its performance to the expanding adoption of its data-as-a-service (DaaS) model and software solutions, which are driving operating leverage and improving economics [2] Financial Performance - Expected record quarterly revenue is projected to be between $13.9 million and $14.3 million [7] - Adjusted EBITDA loss is anticipated to be between $1.6 million and $1.9 million [7] - Gross margin is expected to range between 61% and 65% [7] Future Outlook - The company will release full financial results on November 13, 2025, and will host an earnings call to discuss these results [2][3] - The trend in financial performance is viewed positively for long-term shareholder value, despite potential quarterly variations due to deployment timing and DaaS contract starts [2] Company Overview - Rekor Systems, Inc. specializes in roadway intelligence systems utilizing AI-enabled computer vision and machine learning [5] - The company focuses on collecting and organizing mobility data to create a digitally-enabled operating system for roadways [5]
Rekor Systems Secures Its Largest Statewide, Multi-Year Contract with Georgia DOT, Valued at a Minimum of $50 Million Over the Contract's Full Term
Globenewswire· 2025-10-07 11:00
Core Insights - Rekor Systems, Inc. has secured its largest statewide contract with the Georgia Department of Transportation (GDOT), which could exceed $100 million over a seven-year term [1][2] - The contract aims to enhance traffic data collection and improve roadway safety through the deployment of Rekor Discover and Data-as-a-Service (DaaS) technologies [1][3] Contract Details - The contract allows for cooperative purchasing across various Georgia agencies, potentially increasing its total value to over $100 million [1][2] - It is projected to generate over $50 million in additional revenue during its duration [2] Technology and Implementation - Rekor's DaaS platform provides non-intrusive roadside equipment installations, improving count accuracy and enabling data collection in previously inaccessible areas [3][11] - The platform integrates various roadside detection technologies, including vehicle classification and weigh-in-motion, into a comprehensive solution [7][9] Operational Efficiency - The innovative DaaS contracting mechanism has reduced administrative overhead for GDOT, enhancing efficiency in managing device inventories and maintenance [4][10] - Rekor manages all infrastructure and support, eliminating the need for agencies to handle installation and servicing [8] Safety and Data Insights - The platform offers real-time operational and safety insights, including incident detection for various roadway hazards [9][12] - It supports public sector functions such as federal reporting and emergency response coordination [12] Recent Achievements - The GDOT contract follows another significant contract with the Texas Department of Transportation, highlighting Rekor's growing influence in modernizing transportation data collection [13]
Rekor Systems to Announce Second Quarter Fiscal 2025 Results
GlobeNewswire News Room· 2025-07-23 11:30
Core Insights - Rekor Systems, Inc. will release its financial results for Q2 2025 on August 12, 2025, after market close, followed by an earnings conference call at 4:30 p.m. ET [1] - The company specializes in roadway intelligence technology, utilizing AI-enabled computer vision and machine learning to enhance mobility data collection and analysis [3] Financial Results Announcement - The financial results for the second quarter of 2025 will be disclosed on August 12, 2025, after market close [1] - An earnings conference call will take place on the same day at 4:30 p.m. ET to discuss the financial and operational results [1] Company Overview - Rekor Systems, Inc. is a leader in roadway intelligence systems, focusing on digital infrastructure and mobility data organization [3] - The company's technology, including the Rekor One® Roadway Intelligence Engine, aggregates and transforms vast amounts of data into actionable insights [3] - Rekor aims to provide a comprehensive picture of roadways, promoting safety, efficiency, and environmental sustainability [3]