Rekor Systems Inc (OQ:REKR)
Business Focus: Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 7172 Columbia Gateway Dr Ste 400 COLUMBIA MD 21046 |
| Tel: | N/A |
| Website: | https://www.rekor.ai |
| IR: | See website |
| Key People | ||
| Robert A. Berman Executive Chairman of the Board, Chief Executive Officer | David Desharnais President, Chief Operations Officer | Eyal Hen Chief Financial Officer |
| Business Overview |
| Rekor Systems, Inc. is engaged in developing and implementing roadway intelligence systems using artificial intelligence (AI) and machine learning. The Company delivers mission-critical traffic and engineering services. It collects, connects and organizes mobility data, and makes it accessible and useful to its customers for real-time insights. Its comprehensive portfolio of products and services offers multiple Internet of things devices for roadside data collection, an array of curated and integrated data sets from a network of transportation ecosystem data providers, as well as platforms, applications, and data streams that have been tailored for use. Its solutions support diverse use cases, data-driven traffic operations and traffic management, real-time incident detection and response, and high-definition video traffic surveillance. Its subsidiaries include Rekor Recognition Systems, Inc., Waycare Technologies, Ltd., Southern Traffic Services, Inc. and All Traffic Data Systems. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Rekor Systems Inc revenues increased 75% to $34.9M. Net loss before extraordinary items decreased 45% to $45.7M. Revenues reflect United States segment increase of 81% to $32.4M, Other segment increase of 25% to $2.5M. Lower net loss reflects Goodwill impairment decrease from $34.8M (expense) to $0K, Legal Provisions & Litigation Expenses decrease of 50% to $801K (expense). |
| Employees: | 347 as of Mar 25, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $153.45M as of Dec 31, 2023 |
| Annual revenue (TTM): | $34.93M as of Dec 31, 2023 |
| EBITDA (TTM): | -$33.75M as of Dec 31, 2023 |
| Net annual income (TTM): | -$45.69M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$34.02M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $12.24M as of Dec 31, 2023 |
| Shares outstanding: | 85,324,918 as of Mar 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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