Rekor Systems, Inc. Class B (REKR)

In October 2025, Rekor Systems announced preliminary financial results for Q3 2025, expecting record quarterly revenue and a significant reduction in Adjusted EBITDA loss. The full Q3 2025 results were released on November 13, 2025, reporting revenue of $14.2 million and an adjusted gross margin of 63.4%. In January 2026, an analysis suggested that Rekor's stock had declined approximately 25% over the past year. Rekor Systems reported its full-year 2025 financial and operational results on March 31, 2026, including a 5% year-over-year revenue increase and gross margins expanding to 56%. In March 2026, Rekor Systems secured a landmark patent for "Incident-Based" data retention and announced plans to launch Rekor Labs. In April 2026, Rekor Systems' stock price was trading at $0.7490, representing a decrease of 45.7% since the beginning of the year, and analysts downgraded the stock to "Sell" while decreasing price targets.

While specific seasonal patterns for Rekor Systems' products and services are not explicitly detailed, the company has noted that quarterly results can vary with the timing of deployments and the start of data-as-a-service (DaaS) contracts. There has been an increased demand for data-as-a-service and software products, which is driving operating leverage and improving economics. The shift towards SaaS and DaaS models is also improving revenue predictability. The public safety product line saw an increase in revenue in 2025, primarily due to higher perpetual license sales.

Rekor Systems, Inc. specializes in real-time roadway intelligence through AI and machine learning, providing data-driven insights to government agencies and businesses. The company operates in the Software sector, specifically in the Application Software industry, and is also categorized under Miscellaneous Commercial Services and Telecommunications Equipment. Its major products and platforms include Rekor One® Roadway Intelligence Engine, Rekor Command®, Rekor Discover®, Rekor Scout®, and proprietary Edge Hardware. Rekor emphasizes a recurring revenue model through software and data subscriptions, complemented by hardware and traffic engineering services.

Rekor Systems, Inc. is headquartered in Columbia, Maryland, with additional offices in Texas, Colorado, Florida, and Israel. The majority of its revenue is generated from the United States. The company has expanded its geographic coverage across the United States through acquisitions, including Southern Traffic Services (STS) in 2022, which added over 60,000 lanes of coverage, particularly strengthening its presence in the Southeast, and All Traffic Data Services (ATD), further expanding its geographic footprint and urban mobility capabilities.

Rekor Systems has focused on enhancing its reputation through advancements in privacy and technology. The company secured a landmark patent for "Incident-Based" data retention, which aims to replace outdated ALPR and vehicle recognition methods with a privacy-sensitive intelligent storage system. Rekor Systems obtained a U.S. patent for a technology framework designed to protect personal privacy for automated license plate recognition (ALPR) and vehicle recognition data. The company also actively participates in industry events, showcasing its AI-driven platforms and sharing insights on transportation technology.

Institutional shareholders hold 31.77% of Rekor Systems' stock, Rekor Systems insiders own 27.98%, and retail investors account for 40.25%. As of April 9, 2026, there were 103 institutional owners and shareholders holding a total of 45,262,288 shares. Major institutional owners include Anson Funds Management LP, Vanguard Group Inc, and State Street Corp. The largest individual Rekor Systems shareholder is Arctis Global LLC, owning 12.31 million shares, which represents 9.01% of the company. Viraj Mehta is another significant insider owner.