REKRNasdaqCommunications Equipment, NECUS GAAP · USD

Rekor Systems, Inc.

Rekor Systems, Inc. develops roadway intelligence software and data services for transportation, public safety, and mobility applications. Its platforms combine AI, machine learning, cameras, sensors, and external data sources to help government agencies and commercial customers collect, analyze, and act on roadway information across North America and other markets.

Kysy yhtiöstä
Liikevaihto48,5milj. USD
+5,3 %v/v
Liikevoitto (EBIT)−28,9milj. USD
+46,8 %v/v
EBIT-marginaali−59,6%
+58,4 %-yks.v/v
Nettotulos−31,5milj. USD
+48,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−100−50050milj. USD2020: 9,2 milj. USD2020: EBIT −12 milj. USD20202021: 12 milj. USD2021: EBIT −32 milj. USD20212022: 20 milj. USD2022: EBIT −86 milj. USD20222023: 35 milj. USD2023: EBIT −42 milj. USD20232024: 46 milj. USD2024: EBIT −54 milj. USD20242025: 48 milj. USD2025: EBIT −29 milj. USD202548−29
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Rekor Systems, Inc.

Liiketoiminta

Osuus liikevaihdosta
Roadway intelligence platforms45 %

AI-enabled software platforms that aggregate roadway data and deliver alerts, analytics, and operational insights.

Traffic analytics and monitoring25 %

Video- and sensor-based systems that measure traffic flow, vehicle counts, speed, and classification.

License plate and vehicle recognition15 %

Recognition tools used for law enforcement, security, and mobility applications across cameras and networks.

Data services and subscriptions15 %

Recurring roadway data, analytics, and platform access provided to agencies and commercial customers.

Tuotteet

Raportoitu · osuus liikevaihdosta
60,5%35,9%FY2025100 %
  • Urban Mobility60,5 %
  • Public Safety35,9 %
  • Traffic Management3,6 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Rekor sells primarily to federal, state, and local government agencies, especially transportation departments, traffic management centers, and public safety organizations. It also serves large commercial customers and other private-sector users that need roadway analytics, vehicle recognition, or security-related monitoring. These customers buy Rekor’s products to improve situational awareness, automate traffic analysis, and support faster operational decisions.

Government transportation agencies

State, local, and federal DOTs buy roadway intelligence and traffic analytics to manage infrastructure and mobility.

Public safety and law enforcement

Agencies use Rekor Scout and related tools for vehicle recognition, security, and incident response.

Commercial transportation and infrastructure customers

Private operators buy traffic analytics and roadway data to improve operations and planning.

Security and surveillance users

Businesses and some residential or site-security users deploy recognition tools on existing cameras.

Strategia

Rekor’s strategy centers on building a connected roadway intelligence platform that combines data ingestion, AI analytics, and real-time delivery across multiple use cases. The company is also focused on expanding adoption with transportation agencies and commercial customers by cross-selling its platforms and integrating acquired capabilities into a broader product suite. Its competitive position depends on maintaining technical differentiation, scaling deployments, and converting roadway data into recurring customer workflows.

Platform expansion across roadway intelligence use casesKeskipitkä aikaväli

A broader platform increases customer stickiness and creates more cross-sell opportunities.

Government account penetrationKeskipitkä aikaväli

DOT and public-safety customers are mission-critical and can anchor long-duration deployments.

Operational integration and executionLyhyt aikaväli

The business model depends on successfully integrating technology assets and delivering them reliably.

Maantiede

Rekor is based in the United States and serves customers across North America, with a core focus on U.S. federal, state, and local agencies. The company also sells commercial solutions in many other countries, which broadens its addressable market beyond domestic transportation agencies. Its business is tied to public-sector procurement cycles and to the deployment of roadway hardware and data infrastructure in the markets where it operates.

Riskit

Rekor faces execution risk because its model depends on integrating technology, deploying systems with customers, and retaining specialized personnel. It is also exposed to competition, cybersecurity risk, and public-sector budget timing, while tariffs and trade policy can raise the cost of imported cameras and sensors used in its solutions. Because the company relies on hardware components and government customers, supply-chain disruptions and procurement delays can affect both margins and sales cycles.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Tariffs and supply-chain cost inflation4Government shutdown and appropriations delays5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Acquisition and integration execution riskVaikutus: Korkea

    The company grows through acquiring and integrating technology assets, which can fail to deliver expected benefits.

    KohdistuuProduct integrationOperating executionCustomer delivery
  2. Inability to achieve sustaining profitabilityVaikutus: Korkea

    The business has ongoing operating and capital needs, so revenue or efficiency shortfalls can delay breakeven.

    Kohdistuu: Overall business model and cash generation

  3. Competition and technology obsolescenceVaikutus: Korkea

    Roadway intelligence and AI analytics markets evolve quickly and competitors can win contracts on performance or price.

    Kohdistuu: Platform adoption and new business wins

  4. Tariffs and supply-chain cost inflationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Imported cameras and sensors are key inputs, and tariff changes can increase component costs.

    Kohdistuu: Hardware-based deployments and gross margin

  5. Government shutdown and appropriations delaysVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A meaningful share of customers are public-sector entities that may delay procurement and payments.

    Kohdistuu: Sales cycle timing and cash collection

Kysy Clarifolta: Rekor Systems, Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition across bundled offerings

Contracts may include hardware, software, and services with different delivery patterns and timing.

Vaikutus: Can shift revenue between quarters and affect comparability

Non-GAAP adjusted gross profit and adjusted EBITDA

Management excludes depreciation, amortization, and other items to show operating trends.

Vaikutus: Affects how investors assess underlying margin and cash generation

Intangible asset impairment and acquisition accounting

The company has acquired technology businesses, creating goodwill and intangibles that may need impairment testing.

Vaikutus: Can create large non-cash charges

Deferred tax asset valuation allowance

The company notes a full valuation allowance due to its loss history and uncertainty of realization.

Vaikutus: Limits recognition of tax benefits on the balance sheet

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Päivitetty: 24.9.2026

Rekor Systems, Inc. (REKR) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo