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Technology - Software - Infrastructure - NASDAQ - US
$ 0.895
-17.1 %
$ 79.2 M
Market Cap
-1.36
P/E
1. INTRINSIC VALUE

Rekor Systems, Inc., through its subsidiaries, develops and implements transformative mission-critical intelligent infrastructure solutions and services for transportation management, public safety, and commercial markets in the United States, Canada, and internationally. It offers Rekor One Traffic Management solutions, including software modules for roadway monitoring and response, an incident detection and management solution; traffic and infrastructure analytics to capture data for roadway and infrastructure analytics and planning; and live and archival traffic view for situational awareness of what is happening on roadways. The company also provides Rekor One Public Safety solutions comprising contactless compliance application that delivers a turnkey information and citation management solution to cities, states, and municipalities for primary and secondary offenses; Rekor scout that offers accurate license plate and vehicle recognition on any IP, traffic, or security camera, and can be subscribed to separately for use with existing camera or sensor systems; and Rekor blue, a smartphone app that retrieves accurate vehicle license plate number and state of registration, and automatically organizes information by sessions, capturing date, location, and timestamp for law enforcement.[ Read More ]

The intrinsic value of one REKR stock under the base case scenario is HIDDEN Compared to the current market price of 0.895 USD, Rekor Systems, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart REKR

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FINANCIALS
34.9 M REVENUE
75.37%
-42.1 M OPERATING INCOME
17.34%
-45.7 M NET INCOME
45.26%
-32.6 M OPERATING CASH FLOW
17.63%
270 K INVESTING CASH FLOW
103.22%
45.6 M FINANCING CASH FLOW
91.06%
10.5 M REVENUE
-15.14%
-12.9 M OPERATING INCOME
-27.58%
-12.6 M NET INCOME
-29.11%
-9.63 M OPERATING CASH FLOW
4.12%
1.15 M INVESTING CASH FLOW
298.61%
16 M FINANCING CASH FLOW
807.19%
Balance Sheet Decomposition Rekor Systems, Inc.
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Current Assets 25.3 M
Cash & Short-Term Investments 15.7 M
Receivables 5.3 M
Other Current Assets 4.33 M
Non-Current Assets 66.8 M
Long-Term Investments 0
PP&E 24.8 M
Other Non-Current Assets 42.1 M
Current Liabilities 17.2 M
Accounts Payable 5.14 M
Short-Term Debt 4.69 M
Other Current Liabilities 7.41 M
Non-Current Liabilities 41.5 M
Long-Term Debt 39.4 M
Other Non-Current Liabilities 2.1 M
EFFICIENCY
Earnings Waterfall Rekor Systems, Inc.
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Revenue 34.9 M
Cost Of Revenue 16.5 M
Gross Profit 18.4 M
Operating Expenses 60.6 M
Operating Income -42.1 M
Other Expenses 3.57 M
Net Income -45.7 M
RATIOS
52.77% GROSS MARGIN
52.77%
-120.56% OPERATING MARGIN
-120.56%
-130.78% NET MARGIN
-130.78%
-136.90% ROE
-136.90%
-49.58% ROA
-49.58%
-68.87% ROIC
-68.87%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Rekor Systems, Inc.
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Net Income -45.7 M
Depreciation & Amortization 7.89 M
Capital Expenditures -1.39 M
Stock-Based Compensation 4.35 M
Change in Working Capital -1.56 M
Others 1.76 M
Free Cash Flow -34 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Rekor Systems, Inc.
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REKR has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Rekor Systems, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
9.98 K USD 1
0-3 MONTHS
3.4 M USD 4
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Aug 19, 2024
Bought 9.98 K USD
DESHARNAIS DAVID PHILIP
Chief Executive Officer
+ 7500
1.33 USD
4 months ago
Jul 05, 2024
Bought 3.18 M USD
Arctis Global LLC
10 percent owner
+ 2275000
1.4 USD
5 months ago
Jun 17, 2024
Bought 7.3 K USD
DESHARNAIS DAVID PHILIP
Chief Executive Officer
+ 5000
1.46 USD
5 months ago
May 21, 2024
Bought 15.6 K USD
BERMAN ROBERT ALAN
Executive Chairman
+ 10000
1.5557 USD
5 months ago
May 20, 2024
Bought 33.1 K USD
BERMAN ROBERT ALAN
Executive Chairman
+ 20000
1.6531 USD
5 months ago
May 20, 2024
Bought 7.85 K USD
DESHARNAIS DAVID PHILIP
Chief Executive Officer
+ 5000
1.57 USD
6 months ago
May 17, 2024
Bought 134 K USD
BERMAN ROBERT ALAN
Executive Chairman
+ 100000
1.3352 USD
6 months ago
May 17, 2024
Bought 6.85 K USD
DESHARNAIS DAVID PHILIP
Chief Executive Officer
+ 5000
1.37 USD
6 months ago
May 17, 2024
Bought 6.72 K USD
HANLON DAVID PATRICK
Director
+ 5000
1.345 USD
1 year ago
Aug 25, 2023
Bought 34.5 K USD
BERMAN ROBERT ALAN
Chief Executive Officer
+ 10000
3.4455 USD
1 year ago
Aug 18, 2023
Bought 78.4 K USD
BERMAN ROBERT ALAN
Chief Executive Officer
+ 25000
3.137 USD
1 year ago
Aug 18, 2023
Bought 311 K USD
Arctis Global LLC
10 percent owner
+ 100000
3.108 USD
1 year ago
Aug 17, 2023
Bought 443 K USD
Arctis Global LLC
10 percent owner
+ 150000
2.9559 USD
1 year ago
Aug 16, 2023
Bought 403 K USD
Arctis Global LLC
10 percent owner
+ 150000
2.6848 USD
1 year ago
Jun 23, 2023
Bought 2.51 M USD
Arctis Global LLC
10 percent owner
+ 1918000
1.3106 USD
1 year ago
Jun 26, 2023
Bought 12.5 K USD
Arctis Global LLC
10 percent owner
+ 5000
2.5 USD
1 year ago
Jan 18, 2023
Bought 0 USD
BERMAN ROBERT ALAN
Chief Executive Officer
+ 1000000
0 USD
1 year ago
Jan 18, 2023
Bought 0 USD
Arctis Global LLC
Director
+ 3250000
0 USD
2 years ago
Jun 21, 2022
Bought 7.49 K USD
Arctis Global LLC
director:
+ 12000
0.6242 USD
2 years ago
Jun 16, 2022
Bought 524 K USD
Arctis Global LLC
director:
+ 243902
2.1476 USD
2 years ago
Dec 13, 2021
Bought 6.2 K USD
Hen Eyal
CFO
+ 1000
6.2 USD
2 years ago
Dec 13, 2021
Bought 6.2 K USD
Hen Eyal
CFO
+ 1000
6.2 USD
3 years ago
Nov 17, 2021
Bought 12.9 K USD
Hen Eyal
CFO
+ 2000
6.44 USD
3 years ago
Nov 17, 2021
Bought 70.3 K USD
Goord Glenn S
Director
+ 10000
7.03 USD
3 years ago
Nov 17, 2021
Bought 535 K USD
BERMAN ROBERT ALAN
Chief Executive Officer
+ 75000
7.13 USD
3 years ago
Sep 20, 2021
Sell 1.81 M USD
Hill Matthew Anthony
Chief Science Officer
- 200000
9.0362 USD
3 years ago
Sep 21, 2021
Sell 1.01 M USD
Hill Matthew Anthony
Chief Science Officer
- 100000
10.1092 USD
3 years ago
Sep 16, 2021
Sell 57.5 K USD
Hillman Rodney
COO
- 5747
10.0027 USD
3 years ago
Sep 09, 2021
Sell 75.7 K USD
Kadoch Christopher
Chief Technology Officer
- 6000
12.6118 USD
3 years ago
May 12, 2021
Bought 255 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 25
10.19 USD
3 years ago
May 12, 2021
Bought 806 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 80
10.07 USD
3 years ago
May 12, 2021
Bought 5.07 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 500
10.14 USD
3 years ago
May 12, 2021
Bought 3.79 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 375
10.12 USD
3 years ago
May 12, 2021
Bought 15 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 1500
9.97 USD
3 years ago
May 12, 2021
Bought 254 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 25
10.15 USD
3 years ago
May 12, 2021
Sell 4.01 M USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 400000
10.03 USD
3 years ago
Dec 18, 2020
Sell 107 K USD
Hillman Rodney
COO
- 15000
7.1011 USD
3 years ago
Nov 20, 2020
Bought 41.2 K USD
DEBARY PAUL
Director
+ 10000
4.1215 USD
3 years ago
Nov 19, 2020
Bought 24.4 K USD
Goord Glenn S
Director
+ 6000
4.065 USD
4 years ago
Nov 18, 2020
Bought 4.9 K USD
Hen Eyal
CFO
+ 1225
4 USD
4 years ago
Aug 28, 2020
Sell 97.8 K USD
Hillman Rodney
COO
- 15000
6.52 USD
4 years ago
Aug 05, 2020
Bought 7.01 M USD
BERMAN ROBERT ALAN
Chief Executive Officer
+ 2725836
2.57 USD
4 years ago
Aug 05, 2020
Sell 7.01 M USD
McCarthy James K
Chief Strategy Officer
- 2725836
2.57 USD
5 years ago
Dec 10, 2018
Sell 821 K USD
Nathan Richard A
director, 10 percent owner:
- 1593021
0.5155 USD
5 years ago
Dec 10, 2018
Sell 1.41 M USD
McCarthy James K
director, 10 percent owner:
- 2725836
0.5155 USD
5 years ago
Dec 07, 2018
Bought 28.4 K USD
Goord Glenn S
Director
+ 50000
0.5682 USD
6 years ago
Nov 16, 2018
Bought 18.6 K USD
BERMAN ROBERT ALAN
Chief Executive Officer
+ 22000
0.8466 USD
6 years ago
Nov 16, 2018
Bought 8.6 K USD
DEBARY PAUL
Director
+ 10000
0.86 USD
6 years ago
Nov 16, 2018
Bought 18.6 K USD
BERMAN ROBERT ALAN
Chief Executive Officer
+ 22000
0.8466 USD
6 years ago
Nov 16, 2018
Bought 23.3 K USD
Goord Glenn S
Director
+ 30000
0.7765 USD
7. News
Rekor Systems, Inc. (REKR) Q3 2024 Earnings Call Transcript Rekor Systems, Inc. (NASDAQ:REKR ) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants David Desharnais - President and CEO Eyal Hen - CFO Conference Call Participants Mike Lattimore - Northland Capital Markets Louie DiPalma - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to today's Rekor Systems, Inc. Conference Call. My name is Kevin, and I will be your coordinator for today. seekingalpha.com - 2 days ago
Rekor Systems, Inc. (REKR) Reports Q3 Loss, Lags Revenue Estimates Rekor Systems, Inc. (REKR) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.16 per share a year ago. zacks.com - 2 days ago
Rekor Systems to Announce Third Quarter Fiscal 2024 Results Company will host earnings call on Thursday, November 14, 2024 COLUMBIA, MD / ACCESSWIRE / October 14, 2024 / 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 its financial results for the third quarter of 2024 will be released on Thursday, November 14, 2024, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. accesswire.com - 1 month ago
Down -23.63% in 4 Weeks, Here's Why Rekor Systems (REKR) Looks Ripe for a Turnaround Rekor Systems (REKR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term. zacks.com - 2 months ago
Rekor Systems President and CEO David Desharnais Outlines Strategic Vision and Growth Milestones in New Shareholder Letter COLUMBIA, MD / ACCESSWIRE / September 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the release of a new shareholder letter from President and CEO David Desharnais. The letter offers an overview of the Company's recent achievements, strategic milestones, and future growth prospects. accesswire.com - 2 months ago
Rekor Systems Strengthens Leadership with Industry Expert Rish Malhotra as Executive Vice President of Global Strategic Growth Respected ITS Industry Veteran to Drive Channel Expansion in North America and Global Markets COLUMBIA, MD / ACCESSWIRE / September 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the appointment of Rish Malhotra as Executive Vice President of Global Strategic Growth. With over 20 years of international management experience in the Intelligent Transportation Solutions (ITS) sector, Mr. accesswire.com - 2 months ago
Rekor Secures SOC2 Type II Certification, Setting Standard for Roadway Data Protection Rekor provides Rekor Scout®, Rekor Discover™, and Rekor Command™ Customers with Certifiable Confidence and Trust in Data Security COLUMBIA, MD / ACCESSWIRE / August 21, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its Rekor Scout® and Rekor Discover™ platforms have successfully completed the Service Organization Control (SOC) 2 Type II audit, joining the already SOC 2 compliant Rekor Command™ platform. This achievement highlights Rekor's ongoing commitment to the highest standards of security and operational excellence. accesswire.com - 2 months ago
Rekor Systems, Inc. (REKR) Q2 2024 Earnings Call Transcript Rekor Systems, Inc. (NASDAQ:REKR ) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants David Desharnais - President and CEO Eyal Hen - CFO Conference Call Participants Mike Latimore - Northland Capital Markets Noah Levitz - William Blair KC Ambrecht - Shay Capital Operator Good afternoon, ladies and gentlemen, and welcome to today's Rekor Systems, Inc. Conference Call. My name is Diego, and I will be your coordinator for today. seekingalpha.com - 3 months ago
Rekor Systems, Inc. (REKR) Reports Q2 Loss, Tops Revenue Estimates Rekor Systems, Inc. (REKR) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.18 per share a year ago. zacks.com - 3 months ago
Rekor Systems, Inc. Announces Strong Second Quarter 2024 Financial Results, Secures Facility for Up to $35 Million in Financing, Accelerates Customer Adoption Across All Business Segments Highlights: Received $15 million prepaid advance under facility to provide up to $35 million in financing, strengthening the Company's financial position and supporting future growth initiatives Q2 2024 gross revenue increased 45% to $12.4 million compared to $8.6 million in Q2 2023 Q2 year-to-date 2024 gross revenue increased 51% to $22.2 million compared to $14.7 million in 2023 Improved Adjusted EBITDA from a loss of $7.2 million for Q2 2023 to a loss of $5.8 million for Q2 2024 Secured $1.5 million contract with Maryland DOT for the Strategic Corridor Monitoring project Expanded adoption of the Rekor CommandTM platform by transportation agencies in Oklahoma, Kansas, and Umatilla County, Oregon Awarded multi-year contracts with TxDOT, Ohio DOT, and Pitkin County, Colorado, valued at up to $15 million Appointed specialty investment bank B.C. Ziegler & Company as the placement agent for future revenue-sharing notes COLUMBIA, MD / ACCESSWIRE / August 14, 2024 / 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 June 30, 2024. accesswire.com - 3 months ago
Rekor Expands Westward with Major Contracts in Texas, Ohio, and Colorado for Traffic Data Collection and Reporting Up to $15 Million In Combined Multi-Year Contracts for Traffic Data and Air Quality Studies COLUMBIA, MD / ACCESSWIRE / August 12, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it has secured significant contracts with the Texas Department of Transportation (TxDOT), the Ohio Department of Transportation (OhioDOT), and Pitkin County, Colorado for comprehensive traffic studies. These multi-year agreements, valued at up to $15 million, signal Rekor's continued westward expansion across the United States and underscores the growing adoption by state and local transportation agencies of Rekor's traffic services, including AI-based vehicle classification, vehicle counting, and speed detection (CCS), as well as air quality studies using the CCS and Vehicle Insite applications within Rekor Discover™. accesswire.com - 3 months ago
Rekor Command(TM) Platform Transforms Traffic Management and Enhances Roadway Safety With Initial Adoptions in Oklahoma, Kansas, and Oregon Rekor Command™ Platform Enables State, Regional, and Rural Transportation Agencies to step into the Future of Traffic Management with AI-Driven Event Detection, Response and Analytics COLUMBIA, MD / ACCESSWIRE / August 7, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) (the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art artificial intelligence and machine learning (AI/ML), today announced the initial adoption of its industry-leading Rekor Command™ platform by Departments of Transportation (DOT) in Oklahoma, Kansas, and Umatilla County, Oregon. These agencies can now monitor traffic in real-time and leverage AI-driven insights in specific areas of these states to better inform and respond swiftly to potentially dangerous roadway incidents, up to 23 minutes faster than traditional approaches across urban and rural regions. accesswire.com - 3 months ago
8. Profile Summary

Rekor Systems, Inc. REKR

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 79.2 M
Dividend Yield 0.00%
Description Rekor Systems, Inc., through its subsidiaries, develops and implements transformative mission-critical intelligent infrastructure solutions and services for transportation management, public safety, and commercial markets in the United States, Canada, and internationally. It offers Rekor One Traffic Management solutions, including software modules for roadway monitoring and response, an incident detection and management solution; traffic and infrastructure analytics to capture data for roadway and infrastructure analytics and planning; and live and archival traffic view for situational awareness of what is happening on roadways. The company also provides Rekor One Public Safety solutions comprising contactless compliance application that delivers a turnkey information and citation management solution to cities, states, and municipalities for primary and secondary offenses; Rekor scout that offers accurate license plate and vehicle recognition on any IP, traffic, or security camera, and can be subscribed to separately for use with existing camera or sensor systems; and Rekor blue, a smartphone app that retrieves accurate vehicle license plate number and state of registration, and automatically organizes information by sessions, capturing date, location, and timestamp for law enforcement. In addition, it offers Rekor CarCheck, an API of its vehicle recognition technology to respond with accurate license plate data, vehicle make, model, body type, and color for commercial applications; and AutoNotice, a cloud-based financial management application to record payments in the system and provide functionality to research, manage unapplied payments, and reconcile receipts. Further, the company provides hardware products, which includes Rekor Edge Series, a family of mountable vehicle recognition systems that seamlessly capture and process vehicle data. Rekor Systems, Inc. was founded in 2017 and is headquartered in Columbia, Maryland.
Contact 6721 Columbia Gateway Drive, Columbia, MD, 21046 https://www.rekor.ai
IPO Date Aug. 29, 2017
Employees 347
Officers Mr. Scott Rutherford Chief Innovation Officer Mr. Mathew Anthony Hill Chief Science Officer Mr. Bulent S. Ozcan C.F.A. Director of Investor Relations Mr. Riaz Latifullah Executive Vice President of Strategic Program Development Mr. Robert Alan Berman Founder & Executive Chairman Mr. David Philip Desharnais President, Chief Operating Officer & Chief Executive Officer Mr. Claud V. S. Eley Outside General Counsel Mr. Charles A. Degliomini Executive Vice President of Government Relations & Corporate Communications Ms. Debra Shakerdge-Hennessy Chief People Officer Mr. Christopher Kadoch Chief Technology Officer