AUSTIN, Texas, June 17, 2025 (GLOBE NEWSWIRE) -- Iteris, Inc., the world’s trusted technology ecosystem for smart mobility infrastructure management and part of Almaviva Group, today announced Dubai Road and Transport Authority (RTA) has selected Iteris’ ClearGuide® software to monitor the city’s roadways and intersections. The 42-month, multimillion-dollar software-as-a-service contract will bring ClearGuide to the most populous city in the United Arab Emirates and one of the fastest-growing cities in the ...

COLUMBIA, Md., June 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR) (the "Company), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced a transformative deployment with a Sun Belt state transportation agency. As part of a new state initiative to upgrade its planning and operations capabilities, Rekor will deploy 150 Rekor Discover® systems under a one-year Data-as-a-Service contract valued at $1.2 million. The Company expects all 150 syst ...

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]