Novume(REKR)

Search documents
Central Texas Regional Mobility Authority Extends Rekor Command® Contract in $1.4 Million Agreement to Enhance Toll Road Traffic Operations
GlobeNewswire News Room· 2025-07-02 11:30
COLUMBIA, Md. , July 02, 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 the extension of its Rekor Command® contract with the Central Texas Regional Mobility Authority (Mobility Authority). The $1.4 million, 5-year agreement reflects the Mobility Authority's ongoing commitment to evaluate and deploy advanced technologies to enhance incident detection, accelerate response tim ...
Rekor Systems: Green Light For Growth As Margins Expand
Seeking Alpha· 2025-06-24 14:30
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or ...
Rekor Systems: New Deals And New Management Structure To Help Jolt This Company Back To Life
Seeking Alpha· 2025-06-21 09:34
Group 1 - The stock market is experiencing fluctuations with a tendency towards positive territory amidst macroeconomic uncertainty and tariff issues [1] - The rebound in the stock market is primarily concentrated in large-cap stocks, especially those benefiting from favorable industry trends [1] - The experience of analysts covering technology companies and working in Silicon Valley is influencing the understanding of current industry themes [1] Group 2 - The article is authored by an analyst with a long position in REKR shares, indicating a personal investment interest [2] - The opinions expressed in the article are solely those of the author and not influenced by external compensation [2] - There is no business relationship between the author and any company mentioned in the article, ensuring an independent viewpoint [2]
Sun Belt State Transportation Agency to Deploy 150 Rekor Discover® Systems Under Rekor's Data-as-a-Service Model
GlobeNewswire News Room· 2025-06-06 11:30
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 ...
Rekor Systems Selected for Statewide Texas DOT Contract to Deploy Rekor Command® Platform
Globenewswire· 2025-06-03 11:30
Award Includes Blanket Purchase Order to Enable Deployment Across All TxDOT Metropolitan, Urban, and Rural DistrictsCOLUMBIA, Md., June 03, 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 it has been selected for a multi-year statewide contract by the Texas Department of Transportation (TxDOT). The award approves the implementation of Rekor Command®— the Company’s advanced i ...
Rekor Systems, Inc. (REKR) Reports Q1 Loss, Lags Revenue Estimates
ZACKS· 2025-05-14 23:15
Core Viewpoint - Rekor Systems, Inc. reported a quarterly loss of $0.10 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.08, marking a 25% earnings surprise [1] - The company has struggled with revenue, posting $9.2 million for the quarter, missing estimates by 20.30% and down from $9.78 million a year ago [2] Financial Performance - The company has only surpassed consensus EPS estimates once in the last four quarters [2] - The stock has declined approximately 34.6% year-to-date, contrasting with the S&P 500's slight gain of 0.1% [3] Future Outlook - The earnings outlook for Rekor Systems is currently unfavorable, with a Zacks Rank of 4 (Sell), indicating expected underperformance in the near future [6] - Current consensus EPS estimates for the upcoming quarter are -$0.07 on revenues of $13.14 million, and -$0.25 on revenues of $51.67 million for the current fiscal year [7] Industry Context - The Internet - Software industry, to which Rekor Systems belongs, is ranked in the top 35% of over 250 Zacks industries, suggesting a relatively strong industry performance [8]
Novume(REKR) - 2025 Q1 - Earnings Call Transcript
2025-05-14 21:32
Rekor Systems (REKR) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Company Participants Robert Berman - Chairman, Interim President & CEOEyal Hen - CFONoah Levitz - Equity Research Associate Conference Call Participants Aditya Dagaonkar - AnalystTim Moore - Managing Director, Senior Research AnalystNone - Analyst Operator Good afternoon, ladies and gentlemen, and welcome to today's Recor Systems Inc. Conference Call. My name is Matt, and I'll be your coordinator for today. At this time, all participants ar ...
Novume(REKR) - 2025 Q1 - Earnings Call Transcript
2025-05-14 21:30
Rekor Systems (REKR) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Speaker0 Good afternoon, ladies and gentlemen, and welcome to today's Recor Systems Inc. Conference Call. My name is Matt, and I'll be your coordinator for today. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. Before we start, I want to read you the company's abbreviated Safe Harbor statement. I want to remind you ...
Novume(REKR) - 2025 Q1 - Quarterly Report
2025-05-14 20:21
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ (State or other jurisdiction of incorporation or organization) Delaware 81-5266334 (I.R.S. Employer Identification No ...
Novume(REKR) - 2025 Q1 - Quarterly Results
2025-05-14 20:12
Exhibit 99.1 Rekor Systems Reports First Quarter 2025 Financial Results Company to Further Strengthen Financial Position, Improve Operations, and Expand Technology Capabilities to Drive Long-Term Growth as Part of Strategic Transformation COLUMBIA, MD – May 14, 2025 – Rekor Systems, Inc. (NASDAQ: REKR), a global leader in roadway intelligence, today announced its financial results for the first quarter that ended March 31, 2025. "While our first quarter revenues showed a modest regression to $9.2 million du ...