Rekor Systems Reports Third Quarter 2024 Financial Results
Rekor Systems, Inc. (REKR)
Company Research
Source: GlobeNewswire
Highlights Q3 2024 gross revenue increased 16% to $10.5 million compared to $9.1 million in Q3 2023Q3 recurring revenue increased 14% to $5.5 million compared to $4.8 millionRekor Discover™ now on the Florida DOT Approved Product List, and deployments commencedOur CEO, David Desharnais, was inducted into the ITS America Board COLUMBIA, Md., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor" or the "Company"), a leader in developing and implementing advanced roadway intelligence technology, today announced its financial results for the quarter ending September 30, 2024. Rekor Discover™ was recently added to the Florida DOT’s Approved Product List and is now beginning implementation across all Florida DOT districts simultaneously. In October, we amended the Pre-Paid advance Agreement with an affiliate of Yorkville Global Advisors, LP and eliminated the option for additional advances to the Company of $20 million. Below are some highlights of the Company's
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News
- News Flash: 2 Analysts Think Rekor Systems, Inc. (NASDAQ:REKR) Earnings Are Under Threat [Yahoo! Finance]Yahoo! Finance
- Analysts Have Lowered Expectations For Rekor Systems, Inc. (NASDAQ:REKR) After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- Rekor Systems, Inc. (NASDAQ: REKR) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- Rekor Systems Inc (REKR) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Margin Challenges [Yahoo! Finance]Yahoo! Finance
- Rekor Systems Inc. (REKR): Among the Best AI Penny Stocks to Buy According to Analysts [Yahoo! Finance]Yahoo! Finance
REKR
Earnings
- 11/14/24 - Miss
REKR
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- REKR's page on the SEC website