Rekor Systems, Inc. Class B (REKR)

In the past six months, Rekor Systems reported record third-quarter 2025 financial results, with total revenue surging 35% year-over-year. California and Texas Departments of Transportation began using Rekor Discover®, following its largest statewide contract to date with the Georgia DOT. Total revenue for Q2 2025 was $12.4 million, consistent with the prior year. A multi-year, eight-figure blanket purchase order with the Texas Department of Transportation (TxDOT) for the deployment of Rekor Command® was highlighted. Rekor Systems missed both earnings and revenue forecasts for Q1 2025, with EPS of -$0.10 and revenue of $9.2 million. Rekor Systems announced the pricing and closing of a $15.0 million underwritten registered direct offering in December 2025. In early January 2026, the stock experienced some positive momentum, with shares trading up on several days, influenced by the recently completed direct offering and a bullish outlook from analysts.

While direct seasonality for Rekor Systems' products and services is not explicitly detailed, there is an indication of seasonality in investor interest in the stock. Multiyear demand tailwinds are anticipated due to the lack of investment in modern infrastructure, the ongoing need for safety improvements, and sustainability initiatives.

Rekor Systems, Inc. is a technology company specializing in real-time roadway intelligence through AI-driven decisions. The company operates in the Technology sector, specifically in the Software - Infrastructure industry, and has a presence in smart city, law enforcement, and transportation sectors. Rekor leverages AI and machine learning to analyze video streams and transform them into actionable insights. Its major products and platforms are powered by the Rekor One® Roadway Intelligence Engine, including Rekor Command®, Rekor Discover®, Rekor Scout®, Rekor AutoNotice, Rekor CarCheck, and Rekor Edge Series. The company has transitioned to a high-margin Data-as-a-Service (DaaS) and Software-as-a-Service (SaaS) model, focusing on recurring revenue.

Rekor Systems, Inc. is headquartered in Columbia, Maryland, United States, and maintains additional offices in Texas, Colorado, Florida, and Israel. The company's products and services are utilized in over 90 countries and 500 regions worldwide, with a majority of its revenue generated from the United States.

Rekor Systems has actively worked to enhance its brand reputation, particularly in the areas of technological leadership and responsible innovation. Rekor Systems obtained a U.S. patent for a technology framework designed to protect personal privacy in connection with vehicle recognition data. The company announced a plan to launch Rekor Labs, a new subsidiary focused on entering the global deepfake detection market. Rekor is recognized as a global leader in using AI-enabled computer vision and machine learning to create a digitally-enabled operating system for roadways.

Rekor Systems, Inc. has a mixed ownership structure comprising institutional, individual (retail), and insider investors. Major institutional shareholders include Vanguard Group Inc., Goldman Sachs Group Inc., and others. Individual investors collectively hold a substantial portion of Rekor Systems' shares, with Arctis Global LLC noted as the largest individual shareholder. Insiders, including Robert Berman (CEO), also hold a notable percentage of shares.