Second Quarter Results Strengthen Position as AI Leader in Roadway IntelligenceImproved Adjusted EBITDA: Substantially narrowed Adjusted EBITDA loss by $2 million for the six-month period.Operating Expense Reduction: Reduced operating expenses by 17% quarter over quarter and year over year, reflecting strong cost discipline.Quarterly Gross Revenue: Quarterly gross revenue of $12.4 million, showing the expected rebound from the prior quarter and resulting in revenue nearly flat year-over-year. ATM Offering h ...

Financial Performance Summary - Autoscope Technologies Corporation reported a net income of $0.14 per share for the second quarter of 2025, down from $0.28 per share in the same period of 2024 [8][13] - For the first six months of 2025, net income was $0.21 per share, compared to $0.44 per share in the first half of 2024 [13] - The company declared a quarterly cash dividend of $0.15 per share, payable on August 25, 2025 [1] Revenue Analysis - Total revenue for the second quarter of 2025 was $2.9 million, a 24% decrease from $3.8 million in the second quarter of 2024 [4] - Revenue from royalties in the second quarter of 2025 was $2.8 million, also a 24% decrease from $3.7 million in the same period of 2024 [4][9] - Product sales were $31,000 in the second quarter of 2025, a significant 56% decrease from $71,000 in the second quarter of 2024 [4] Gross Margin and Operating Expenses - Gross margin for the second quarter of 2025 was 98%, up from 95% in the same period of 2024 [5] - Operating expenses remained unchanged at $1.7 million in the second quarter of 2025 compared to the same period in 2024 [6] Year-to-Date Financials - For the first six months of 2025, total revenue was $5.0 million, a 27% decrease from $6.9 million in the first half of 2024 [9] - Year-to-date net income decreased 53% to $1.1 million compared to $2.4 million in the first six months of 2024 [13] - The cash balance increased to $2.4 million at June 30, 2025, compared to $609,000 at the end of the first quarter of 2025 [9] Management Commentary - The decrease in royalty revenue is attributed to a strategic product transition and broader macroeconomic factors, with expectations for Autoscope Vision royalties to rank among the top three years in the platform's history [15]

COLUMBIA, Md., July 23, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor "or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it will release its financial results for the second quarter of 2025 on Tuesday, August 12, 2025, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. ET to discuss its financial and operating results. CONFERENCE CALL INFORMATION Any person ...

Group 1 - Iteris, Inc. has been selected by Dubai Road and Transport Authority (RTA) to implement its ClearGuide® software for monitoring the city's roadways and intersections [1][2] - The contract is a 42-month multimillion-dollar software-as-a-service agreement aimed at enhancing transportation operations in Dubai, one of the fastest-growing cities globally [2][5] - ClearGuide will provide features such as bottleneck detection, dynamic traffic maps, route alerts, and historical trend reports to improve traffic management and safety [3][4] Group 2 - ClearGuide is part of Iteris' ClearMobility® Platform, which utilizes cloud computing, AI, and advanced sensors to optimize mobility infrastructure [4] - The software aims to reduce congestion, enhance safety, and promote sustainable mobility for all road users in Dubai [5] - Iteris is recognized as a leading provider of smart mobility infrastructure management solutions, serving various transportation agencies and municipalities worldwide [5]

Core Insights - Rekor Systems, Inc. has announced a transformative deployment of 150 Rekor Discover® systems under a one-year Data-as-a-Service contract valued at $1.2 million with a Sun Belt state transportation agency, expecting installation within 60 days [1][2] Group 1: Technology and Implementation - The Rekor Discover® platform utilizes AI-enabled roadside sensors to collect detailed per-vehicle data while ensuring compliance with Federal Highway Administration requirements, thus eliminating the need for intrusive in-road sensors [2][5] - The deployment represents a significant advancement in traffic data collection and monitoring, allowing for safer and more efficient operations without disrupting traffic or posing risks to roadway workers [5][6] Group 2: Market Expansion and Adoption - Rekor Discover® is gaining traction across various states in the U.S., including Arizona, Colorado, Georgia, New Mexico, New York, Florida, and South Carolina, indicating strong momentum in the market [3][4] - The company aims to replace outdated single-function roadway devices with a scalable, AI-powered platform, which is increasingly being recognized by international transportation authorities, suggesting potential for global expansion [3][4] Group 3: Vision and Future Potential - The International Road Federation's World Road Statistics indicates that over 60 countries are actively collecting traffic data, positioning Rekor to serve both domestic and international markets seeking modern alternatives to legacy traffic technologies [4] - The company's vision includes creating a digitally-enabled operating system for roadways, leveraging AI and big data analytics to provide actionable insights for safer and more efficient transportation planning [6]

Core Insights - Autoscope Technologies Corporation reported a quarterly cash dividend of $0.15 per share, payable on May 27, 2025 [1] - The company experienced a significant decrease in revenue and net income for the first quarter of 2025 compared to the same period in 2024 [4][9] Financial Performance - Revenue from operations was $2.2 million in Q1 2025, a 30% decrease from $3.1 million in Q1 2024 [4] - Royalty revenue decreased by 32% to $2.1 million in Q1 2025 from $3.1 million in Q1 2024 [8] - Product sales increased by 319% to $67,000 in Q1 2025 from $16,000 in Q1 2024, driven by sales of the Wrong Way product and Autoscope Analytics [4] - Gross margin improved to 98% in Q1 2025 from 96% in Q1 2024, with royalty gross margin at 100% compared to 97% in the prior year [5] - Operating expenses decreased by 9% to $1.7 million in Q1 2025 from $1.9 million in Q1 2024 [6] - Net income fell by 58% to $0.4 million in Q1 2025, or $0.07 per share, down from $0.9 million, or $0.16 per share, in Q1 2024 [9] Liquidity and Capital Resources - Cash and cash equivalents decreased to $0.6 million as of March 31, 2025, from $4.4 million on December 31, 2024, primarily due to a special dividend paid in February 2025 [10] - Net cash provided by operating activities was $1.0 million in Q1 2025, compared to a net cash used of $34,000 in Q1 2024 [11] - Net cash provided by investing activities was $1.9 million in Q1 2025, down from $3.1 million in Q1 2024 [12] - Net cash used by financing activities decreased to $6.6 million in Q1 2025 from $7.9 million in Q1 2024, attributed to a lower special dividend [13] Strategic Outlook - The company remains focused on operational efficiency and long-term value creation, with positive engagement from communities analyzing roadway behavior [14] - Economic uncertainties contributed to the anticipated decrease in royalty revenue, but the company believes these will have minimal impact for the remainder of the year [14]

Core Viewpoint - Rekor Systems, Inc. will release its financial results for Q1 2025 on May 14, 2025, after market close, followed by an earnings conference call at 4:30 p.m. Eastern Time [1] Group 1: Financial Results Announcement - The financial results for the first quarter of 2025 will be announced on May 14, 2025 [1] - An earnings conference call will take place on the same day at 4:30 p.m. Eastern Time to discuss the financial and operating results [1] Group 2: Conference Call Information - Participants can join the call by dialing in approximately 10 minutes before it starts, with specific numbers provided for North America [2] - A replay of the call will be available online approximately two hours after the live event for two weeks [2] Group 3: Company Overview - Rekor Systems, Inc. specializes in roadway intelligence systems utilizing AI-enabled computer vision and machine learning [3] - The company aggregates and transforms vast amounts of mobility data into actionable insights, aiming to enhance roadway safety, efficiency, and environmental sustainability [3]