Core Viewpoint - Rekor Systems, Inc. has developed a patented technology framework aimed at protecting personal privacy in the use of vehicle recognition data, particularly through automated license plate recognition (ALPR) systems, addressing growing concerns over surveillance and data sharing [1][2]. Technology Framework - The company has secured a patent for a method that encodes and anonymizes vehicle identification data at the point of collection, ensuring that specific vehicle information remains encrypted and accessible only with lawful authorization [2]. - This framework aims to establish consistent privacy safeguards through administrative guidance, legislation, or procurement rules, allowing public safety agencies to adopt it without disrupting current operations [4]. Privacy Safeguards - Key elements of Rekor's privacy framework include immediate encoding of vehicle identification data, real-time use of deidentified information for legitimate purposes, and the release of identifying information only upon receipt of a warrant or legally approved documentation [7]. - The framework also provides real-time access to "hot-listed" wanted vehicles to support urgent public safety needs [7]. Industry Impact - The innovative approach is designed to enhance public trust and accountability in ALPR programs, encouraging public safety agencies and policymakers to implement privacy-protected ALPR systems [5][6]. - Rekor Systems aims to provide this patented privacy framework to any authorized government agency seeking to improve privacy protections while maintaining operational efficiency [5].

Company Achieves Third Consecutive Quarter of Positive Results Highlights: Record Quarterly Revenue: $14.2 million.Record Gross Margin: Adjusted gross margin expanded to 63% for the quarter and 55% for the nine-month period, reflecting improved mix and operational leverage.Reduced Adjusted EBITDA Loss: Adjusted EBITDA loss narrowed sharply to $1.5 million, the best in the Company’s history.Disciplined Cost Management: Operating expenses fell 26% sequentially and 20% year over year, driving sustained financi ...

Core Insights - Rekor Systems, Inc. is launching a new product through its subsidiary Rekor Labs to address the challenges posed by deepfake media, which is expected to grow the global deepfake detection market to over $30 billion in the next decade [2][3] Group 1: Product Development and Launch - Development of the new product began in 2023 in response to government requests for verifying federally mandated traffic data videos, highlighting the increasing prevalence of deepfake fraud in security and surveillance [3] - A full product launch is anticipated in the first half of 2026, with proof of concept and alpha milestones already completed [3] Group 2: Market Applications - Rekor Labs will target five key verticals: 1. News media and journalism to combat misinformation 2. Social media platforms to ensure content authenticity 3. Government and security agencies for securing evidence 4. Enterprise safety to prevent financial and workplace fraud 5. Entertainment and film to protect creative integrity [4][7] Group 3: Corporate Structure and Advisory - Rekor Labs is operating as an independent entity, and the company is exploring optimal corporate structures for its business, having engaged Moelis & Company LLC as its financial advisor [4]

Initial order of ~$1 million, with more revenue expected as deployments expand across South Carolina and beyondCOLUMBIA, Md., Oct. 16, 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 South Carolina’s Office of Information Technology (OIT), working in collaboration with the South Carolina State Transport Police (STP) and the South Carolina Department of Transp ...

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]

Core Insights - Rekor Systems, Inc. has announced that the California Department of Transportation (CalTrans) and the Texas Department of Transportation (TxDOT) are now using Rekor Discover® technology, indicating a significant step towards broader deployment [1][2] - The company secured its largest state contract with the Georgia Department of Transportation (GDOT), which could generate over $100 million, showcasing the effectiveness of its Data-as-a-Service (DaaS) model [2][3] - The DaaS model provides reliable, scalable, and compliant traffic data, which is essential for modern transportation agencies [2][3] Company Overview - Rekor Systems, Inc. specializes in roadway intelligence systems utilizing AI-enabled computer vision and machine learning [3] - The company aims to collect and organize mobility data to create a digitally-enabled operating system for roadways [3] - Rekor's technology aggregates trillions of data points into actionable insights for governments and businesses, promoting safer and more efficient roadways [3]

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]

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]

Core Viewpoint - Rekor Systems, Inc. has extended its Rekor Command® contract with the Central Texas Regional Mobility Authority for $1.4 million over five years, emphasizing the commitment to enhance roadway safety and incident response across Central Texas toll roads [1][4]. Group 1: Contract and Implementation - The renewed contract reflects the Mobility Authority's ongoing investment in advanced technologies for incident detection and response [1][4]. - Rekor Command® has been operational since 2021, providing real-time insights and improving coordination for the Mobility Authority's Traffic Incident Management team [2][5]. Group 2: Performance Metrics - The implementation of Rekor Command® has led to a 324% increase in incident detection and an 11-minute faster average response time [7]. - On average, 641 incidents are detected monthly, showcasing the platform's effectiveness in managing roadway incidents [7]. Group 3: Features and Benefits - Rekor Command® offers advanced analytics, real-time situational awareness, and seamless coordination tools, transforming traffic operations and enhancing public safety [5][6]. - The platform includes features like Driver Connect for bi-directional communication with drivers and AI-powered predictive insights for quicker incident response [7]. Group 4: Future Developments - The Mobility Authority plans over 35 major infrastructure projects through 2032, with Rekor Command® supporting efforts to reduce congestion and improve safety during this development phase [6].

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]