Rekor Systems Showcases Exceptional Year-over-Year Growth and Strategic Milestones in 2023 Financial Results [Yahoo! Finance]
Rekor Systems, Inc. (REKR)
Company Research
Source: Yahoo! Finance
COLUMBIA, MD / ACCESSWIRE / March 25, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today unveiled its notable financial results for the fiscal year ending December 31, 2023. Demonstrating substantial progress across all metrics, the Company not only continued its trajectory of year-over-year revenue growth but also laid the groundwork for a future defined by innovation and strategic financial health. 2023 Financial Highlights: A Year of Consistent Growth and Stability Record Gross Revenue: Rekor closed 2023 with gross revenue of $34.9 million, marking a 75% increase from $19.9 million in 2022. Fourth Quarter Results: The Company's gross revenue for Q4 2023 reached an all-time high of $11.1 million, up by 71% from Q4 2022. Escalating Performance Obligations: As of December 31, 2023, performance obligations ascended to $26.4 million, showing a 23% growth from the pr
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REKR
News
- While institutions own 29% of Rekor Systems, Inc. (NASDAQ:REKR), individual investors are its largest shareholders with 46% ownership [Yahoo! Finance]Yahoo! Finance
- Rekor Systems to Announce First Quarter Fiscal 2024 Results Accesswire
- Rekor Systems: Risk-Reward Unattractive Due To Potential Liquidity Risk [Seeking Alpha]Seeking Alpha
- Rekor Systems Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Rekor Systems, Inc. (NASDAQ: REKR) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
REKR
Earnings
- 11/14/23 - Miss
REKR
Sec Filings
- 4/22/24 - Form 8-K
- 4/19/24 - Form 8-K
- 3/25/24 - Form DEF
- REKR's page on the SEC website