Rekor Systems Inc. (REKR)
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.
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.
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.
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.
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™.
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.
Rekor Systems Pioneers $1.5M Roadway Intelligence Program for Maryland Highways
Rekor Discover to Power Corridor Management and Sustainable Mobility Across Maryland's I-495, I-95, and I-695 Roadways COLUMBIA, MD / ACCESSWIRE / August 5, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the launch of its Strategic Corridor Monitoring project, funded by an initial stage one $1,497,000 federal and state grant. This groundbreaking initiative will deploy Rekor's state-of-the-art AI-powered sensors along vital transportation corridors from Washington, D.C.
Rekor's Industry-Leading Public Safety Solutions Now Available in AWS Marketplace and Amazon Business
Simplified Procurement Accelerates Security and Safety Initiatives that use Rekor's AI-Driven Vehicle Recognition Technology COLUMBIA, MD / ACCESSWIRE / August 2, 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 availability of its Rekor Scout® Platform in AWS Marketplace and Rekor Edge Pro on Amazon Business. The AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors.
Rekor Systems to Announce Second Quarter Fiscal 2024 Results
Company will host earnings call on Wednesday, August 14, 2024 COLUMBIA, MD / ACCESSWIRE / July 30, 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 second quarter of 2024 will be released on Wednesday, August 14, 2024, after market close. On the same day, the company will host its earnings conference call at 4:30 p.m.
Industry-Leading Platform for AI-Driven Traffic Studies - Rekor Discover(TM) - Now Available in AWS Marketplace
Simplified Procurement Approach Makes It Easier and Faster for States to Accelerate Roadway and Traffic Monitoring Programs COLUMBIA, MD / ACCESSWIRE / June 8, 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 availability of its leading Rekor Discover™ Platform, including the Class, Count & Speed and Vehicle Insite applications, in AWS Marketplace. AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software running on Amazon Web Services (AWS).
Rekor Systems to Present at Upcoming William Blair 44th Annual Growth Stock Conference
COLUMBIA, MD / ACCESSWIRE / June 3, 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 David Desharnais, Rekor's President and CEO, will present to the investor community and host meetings at the upcoming William Blair Growth Stock Conference. William Blair 44th Annual Growth Stock Conference Presentation Date and Time: Thursday, June 5, 2024, at 10:40 CT (11:40 am ET).
Rekor Discover(TM) Takes Center Stage at NaTMEC 2024
Company Introduces Next-Generation Solution for AI-based Traffic Studies and Analytics Rekor Previews Advanced New Features to Help DOTs Meet Emerging Government Policies for Air Quality, Data Management, AI Innovation, and Cyber Security for Protecting Critical Transportation Infrastructure COLUMBIA, MD / ACCESSWIRE / May 31, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the unveiling of a series of new and significant capabilities in its leading AI-driven traffic analytics platform, Rekor Discover™. These will be showcased at the upcoming National Travel Monitoring Exposition and Conference (NaTMEC) 2024, taking place June 2-5 in Boise, ID.
