NASDAQ : REKR
Rekor Systems, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 0.3978 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 54.63M
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Financial statements
Rekor Systems, Inc. (REKR) reported revenue of 49.82M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 49.82M | 48.45M | 46.03M | 34.93M | 19.92M | 11.57M |
| Cost of Revenue | 20.80M | 21.38M | 23.34M | 16.50M | 10.89M | 4.55M |
| Gross Profit | 29.02M | 27.07M | 22.68M | 18.43M | 9.03M | 7.03M |
| Selling, General & Admin | 28.64M | 31.35M | 37.99M | 34.38M | 35.82M | 27.48M |
| Research & Development | 12.89M | 14.60M | 18.77M | 18.27M | 18.62M | 8.29M |
| Operating Expenses | 47.50M | 52.20M | 66.25M | 60.55M | 60.86M | 38.86M |
| Operating Income | -18.49M | -25.13M | -43.56M | -42.12M | -51.83M | -31.83M |
| Interest Expense | -2.37M | -2.42M | -3.01M | -3.64M | -72.00K | -89.00K |
| Interest & Investment Income | 234.00K | 120.00K | 365.00K | 43.00K | 51.00K | 62.00K |
| Earnings From Equity Investments | -150.00K | |||||
| Currency Exchange Gain (Loss) | 499.00K | 499.00K | 10.00K | 55.00K | 306.00K | |
| Other Non Operating Income (Expenses) | 2.16M | -614.00K | -1.81M | -523.00K | 23.00K | 46.00K |
| EBT Excluding Unusual Items | -17.96M | -27.54M | -48.01M | -46.18M | -51.52M | -31.96M |
| Merger & Restructuring Charges | -548.00K | |||||
| Impairment of Goodwill | -34.84M | |||||
| Gain (Loss) on Sale of Investments | -120.00K | 599.00K | ||||
| Gain (Loss) on Sale of Assets | 31.00K | 1.50M | 2.64M | |||
| Asset Writedown | -3.75M | -3.75M | -10.21M | |||
| Legal Settlements | -1.61M | -136.00K | ||||
| Other Unusual Items | -117.00K | -4.69M | 527.00K | 883.00K | 886.00K | |
| Pretax Income | -21.80M | -31.42M | -61.37M | -45.65M | -84.44M | -31.21M |
| Income Tax Expense | 42.00K | 42.00K | 45.00K | 32.00K | -987.00K | -3.82M |
| Earnings From Continuing Operations | -21.84M | -31.46M | -61.41M | -45.69M | -83.45M | -27.40M |
| Earnings From Discontinued Operations | 339.00K | 614.00K | ||||
| Net Income | -21.84M | -31.46M | -61.41M | -45.69M | -83.11M | -26.78M |
| Preferred Dividends & Other Adjustments | 152.00K | |||||
| Net Income to Common | -21.84M | -31.46M | -61.41M | -45.69M | -83.11M | -26.93M |
| Shares Outstanding (Basic) | 132.01M | 119.67M | 86.72M | 63.17M | 49.81M | 41.16M |
| Shares Outstanding (Diluted) | 132.01M | 119.67M | 86.72M | 63.17M | 49.81M | 41.16M |
| EPS (Basic) | -0.17 | -0.26 | -0.71 | -0.72 | -1.67 | -0.65 |
| EPS (Diluted) | -0.17 | -0.26 | -0.71 | -0.72 | -1.67 | -0.65 |
| Free Cash Flow | -13.04M | -22.90M | -34.15M | -34.02M | -43.78M | -24.26M |
| Free Cash Flow Per Share | -0.10 | -0.19 | -0.39 | -0.54 | -0.88 | -0.59 |
| Gross Margin | 58.24% | 55.87% | 49.28% | 52.77% | 45.33% | 60.70% |
| Operating Margin | -37.11% | -51.87% | -94.64% | -120.56% | -260.20% | -275.02% |
| Profit Margin | -43.84% | -64.93% | -133.42% | -130.78% | -417.24% | -232.69% |
| Free Cash Flow Margin | -26.18% | -47.27% | -74.20% | -97.37% | -219.79% | -209.56% |
| EBITDA | -12.52M | -18.87M | -34.07M | -34.41M | -45.76M | -29.16M |
| EBITDA Margin | -25.12% | -38.96% | -74.02% | -98.49% | -229.71% | -251.90% |
| D&A For EBITDA | 5.97M | 6.26M | 9.49M | 7.71M | 6.07M | 2.68M |
| EBIT | -18.49M | -25.13M | -43.56M | -42.12M | -51.83M | -31.83M |
| EBIT Margin | -37.11% | -51.87% | -94.64% | -120.56% | -260.20% | -275.02% |
| Advertising Expenses | 9.00K | 244.00K | 231.00K | 588.00K | 695.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.77M | 16.57M | 5.01M | 15.38M | 1.92M | 25.80M |
| Cash & Short-Term Investments | 9.77M | 16.57M | 5.01M | 15.38M | 1.92M | 25.80M |
| Accounts Receivable | 8.16M | 8.77M | 7.23M | 4.96M | 3.24M | 953.00K |
| Receivables | 8.16M | 8.97M | 7.57M | 5.29M | 3.58M | 1.29M |
| Inventory | 2.77M | 3.07M | 4.30M | 3.06M | 1.99M | 1.18M |
| Restricted Cash | 275.00K | 297.00K | 316.00K | 328.00K | 254.00K | 390.00K |
| Other Current Assets | 2.12M | 1.82M | 2.73M | 1.27M | 1.53M | 2.03M |
| Total Current Assets | 23.09M | 30.73M | 19.93M | 25.34M | 9.28M | 30.68M |
| Property, Plant & Equipment | 12.90M | 14.98M | 22.71M | 24.76M | 26.39M | 15.86M |
| Long-Term Investments | 2.00M | 1.25M | ||||
| Goodwill | 24.31M | 24.31M | 24.31M | 20.59M | 20.59M | 53.45M |
| Other Intangible Assets | 12.65M | 13.25M | 14.45M | 17.24M | 21.30M | 21.26M |
| Other Long-Term Assets | 1.38M | 2.11M | 927.00K | 3.74M | 3.45M | 2.36M |
| Total Assets | 74.33M | 85.39M | 82.47M | 92.15M | 83.84M | 125.88M |
| Accounts Payable | 4.98M | 4.36M | 4.33M | 5.14M | 5.96M | 7.00M |
| Accrued Expenses | 1.49M | 1.34M | 2.67M | 2.82M | 2.48M | 1.61M |
| Short-Term Debt | 14.90M | 14.80M | ||||
| Current Portion of Long-Term Debt | 80.00K | 83.00K | 1.08M | 1.07M | 2.11M | 1.03M |
| Current Portion of Leases | 2.85M | 3.51M | 3.21M | 1.81M | 1.07M | 214.00K |
| Current Unearned Revenue | 5.02M | 4.60M | 3.44M | 3.60M | 3.04M | 2.44M |
| Other Current Liabilities | 363.00K | 386.00K | 3.49M | 2.79M | 779.00K | 1.52M |
| Total Current Liabilities | 29.68M | 29.09M | 18.22M | 17.24M | 15.44M | 13.82M |
| Long-Term Debt | 68.00K | 112.00K | 14.80M | 24.94M | 2.35M | 37.00K |
| Long-Term Leases | 8.65M | 11.23M | 13.35M | 14.50M | 14.24M | 10.03M |
| Long-Term Unearned Revenue | 1.12M | 1.40M | 1.30M | 1.45M | 1.00M | 835.00K |
| Long-Term Deferred Tax Liabilities | 93.00K | 93.00K | 79.00K | 65.00K | 52.00K | 38.00K |
| Other Long-Term Liabilities | 587.00K | 587.00K | 587.00K | 587.00K | 1.42M | 34.00K |
| Total Liabilities | 40.20M | 42.52M | 48.33M | 58.78M | 34.50M | 24.79M |
| Common Stock | 13.00K | 13.00K | 10.00K | 7.00K | 5.00K | 4.00K |
| Additional Paid-In Capital | 336.48M | 335.31M | 294.94M | 232.57M | 202.75M | 171.28M |
| Retained Earnings | -301.46M | -291.55M | -260.09M | -198.68M | -153.00M | -69.88M |
| Treasury Stock | -902.00K | -900.00K | -711.00K | -522.00K | -417.00K | -319.00K |
| Total Common Equity | 34.13M | 42.87M | 34.14M | 33.37M | 49.34M | 101.09M |
| Shareholders' Equity | 34.13M | 42.87M | 34.14M | 33.37M | 49.34M | 101.09M |
| Total Liabilities & Equity | 74.33M | 85.39M | 82.47M | 92.15M | 83.84M | 125.88M |
| Total Debt | 26.55M | 29.74M | 32.44M | 42.33M | 19.76M | 11.31M |
| Net Cash (Debt) | -16.78M | -13.17M | -27.42M | -26.94M | -17.84M | 14.48M |
| Net Cash Per Share | -0.13 | -0.11 | -0.32 | -0.43 | -0.36 | 0.35 |
| Filing Date Shares Outstanding | 137.32M | 136.58M | 110.91M | 85.32M | 61.12M | 44.95M |
| Total Common Shares Outstanding | 137.64M | 136.48M | 104.54M | 69.18M | 54.41M | 43.99M |
| Working Capital | -6.60M | 1.64M | 1.71M | 8.10M | -6.17M | 16.86M |
| Book Value Per Share | 0.25 | 0.31 | 0.33 | 0.48 | 0.91 | 2.30 |
| Tangible Book Value | -2.83M | 5.31M | -4.62M | -4.46M | 7.45M | 26.37M |
| Tangible Book Value Per Share | -0.02 | 0.04 | -0.04 | -0.06 | 0.14 | 0.60 |
| Machinery | 18.53M | 16.75M | 15.19M | 15.61M | 7.50M | |
| Leasehold Improvements | 3.25M | 4.51M | 4.51M | 4.46M | 3.23M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -21.84M | -31.46M | -61.41M | -45.69M | -83.11M | -26.78M |
| Depreciation & Amortization | 5.97M | 6.26M | 9.49M | 7.71M | 6.07M | 2.97M |
| Other Amortization | 197.00K | 198.00K | 541.00K | 2.18M | 350.00K | 431.00K |
| Loss (Gain) From Sale of Assets | -40.00K | -9.00K | -1.53M | -28.00K | -2.64M | |
| Asset Writedown & Restructuring Costs | 3.75M | 3.75M | 10.21M | 34.84M | ||
| Loss (Gain) From Sale of Investments | 101.00K | 150.00K | ||||
| Stock-Based Compensation | 1.95M | 2.91M | 4.83M | 4.35M | 6.62M | 3.91M |
| Provision & Write-off of Bad Debts | 228.00K | 132.00K | 686.00K | 160.00K | 86.00K | 51.00K |
| Other Operating Activities | -3.79M | -786.00K | 5.42M | 597.00K | -1.85M | -5.32M |
| Change in Accounts Receivable | -409.00K | -1.67M | 220.00K | -1.88M | 729.00K | 299.00K |
| Change in Inventory | 1.63M | 1.25M | 1.16M | -687.00K | 209.00K | 65.00K |
| Change in Accounts Payable | -49.00K | -1.49M | -2.32M | 1.60M | -2.23M | 5.08M |
| Change in Unearned Revenue | 1.04M | 1.27M | 584.00K | 1.00M | 587.00K | 1.15M |
| Change in Other Net Operating Assets | 581.00K | -731.00K | -354.00K | -1.60M | 278.00K | -892.00K |
| Operating Cash Flow | -10.77M | -20.37M | -32.47M | -32.63M | -39.61M | -18.03M |
| Capital Expenditures | -2.27M | -2.53M | -1.68M | -1.39M | -4.17M | -6.22M |
| Sale of Property, Plant & Equipment | 57.00K | 75.00K | 34.00K | 177.00K | ||
| Cash Acquisitions | -9.22M | -6.39M | -39.77M | |||
| Divestitures | 1.50M | |||||
| Investment in Securities | -755.00K | -1.32M | ||||
| Other Investing Activities | 312.00K | 284.00K | 340.00K | 1.48M | 2.93M | -48.00K |
| Investing Cash Flow | -1.91M | -2.17M | -9.03M | 270.00K | -8.39M | -47.37M |
| Long-Term Debt Issued | 25.83M | 1.00M | ||||
| Total Debt Issued | 25.83M | 1.00M | ||||
| Long-Term Debt Repaid | -2.05M | -14.57M | -809.00K | -79.00K | -28.00K | |
| Total Debt Repaid | -1.07M | -2.05M | -14.57M | -809.00K | -79.00K | -28.00K |
| Net Debt Issued (Repaid) | -1.07M | -2.05M | -14.57M | 25.02M | 921.00K | -28.00K |
| Issuance of Common Stock | 18.65M | 36.31M | 31.77M | 20.31M | 22.85M | 70.90M |
| Repurchase of Common Stock | -29.00K | -189.00K | -189.00K | -105.00K | -98.00K | -319.00K |
| Other Financing Activities | 14.10M | 340.00K | 198.00K | 340.00K | ||
| Financing Cash Flow | 17.55M | 34.08M | 31.11M | 45.60M | 23.87M | 70.99M |
| Net Cash Flow | 4.87M | 11.53M | -10.38M | 13.24M | -24.13M | 5.59M |
| Free Cash Flow | -13.04M | -22.90M | -34.15M | -34.02M | -43.78M | -24.26M |
| Free Cash Flow Margin | -26.18% | -47.27% | -74.20% | -97.37% | -219.79% | -209.56% |
| Free Cash Flow Per Share | -0.10 | -0.19 | -0.39 | -0.54 | -0.88 | -0.59 |
| Levered Free Cash Flow | -4.82M | -12.87M | -21.31M | -16.26M | -26.34M | -12.80M |
| Unlevered Free Cash Flow | -3.54M | -11.56M | -19.97M | -15.98M | -26.30M | -12.77M |
| Cash Interest Paid | 2.46M | 2.41M | 2.52M | 1.65M | 59.00K | 14.00K |
| Cash Income Tax Paid | 16.00K | 58.00K | 61.00K | 9.00K | 60.00K | 53.00K |
| Change in Working Capital | 2.79M | -1.37M | -710.00K | -1.56M | -426.00K | 5.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 46.11M | 188.31M | 146.12M | 230.26M | 65.22M | 288.05M |
| Enterprise Value | 62.89M | 215.06M | 167.77M | 250.55M | 76.39M | 264.99M |
| Last Close Price | 0.40 | 1.38 | 1.56 | 3.33 | 1.20 | 6.55 |
| Forward PE | 68.44 | 68.44 | 68.44 | 68.44 | 68.44 | |
| PS Ratio | 0.90 | 3.89 | 3.17 | 6.59 | 3.27 | 24.89 |
| PB Ratio | 1.60 | 4.39 | 4.28 | 6.90 | 1.32 | 2.85 |
| P/TBV Ratio | 35.48 | 8.76 | 10.92 | |||
| EV/Sales Ratio | 1.24 | 4.44 | 3.65 | 7.17 | 3.83 | 22.89 |
| Debt / Equity Ratio | 0.78 | 0.69 | 0.95 | 1.27 | 0.40 | 0.11 |
| Net Debt / Equity Ratio | 0.49 | 0.31 | 0.80 | 0.81 | 0.36 | -0.14 |
| Net Debt / EBITDA Ratio | -1.34 | -0.70 | -0.81 | -0.78 | -0.39 | 0.50 |
| Net Debt / FCF Ratio | -1.29 | -0.57 | -0.80 | -0.79 | -0.41 | 0.60 |
| Asset Turnover | 0.65 | 0.58 | 0.53 | 0.40 | 0.19 | 0.14 |
| Inventory Turnover | 5.66 | 5.80 | 6.35 | 6.54 | 6.89 | 3.73 |
| Quick Ratio | 0.60 | 0.87 | 0.67 | 1.18 | 0.33 | 1.94 |
| Current Ratio | 0.78 | 1.06 | 1.09 | 1.47 | 0.60 | 2.22 |
| Return on Equity (ROE) | -62.82% | -81.70% | -181.93% | -110.47% | -110.96% | -41.21% |
| Return on Assets (ROA) | -14.97% | -18.71% | -31.18% | -29.91% | -30.89% | -23.93% |
| Return on Capital Employed (ROCE) | -41.40% | -44.60% | -67.80% | -56.20% | -75.80% | -28.40% |
| Earnings Yield | -49.27% | -16.71% | -42.03% | -19.84% | -127.44% | -9.30% |
| FCF Yield | -29.08% | -12.16% | -23.37% | -14.77% | -67.13% | -8.42% |
| Buyback Yield / Dilution | -29.44% | -38.00% | -37.28% | -26.82% | -21.00% | -70.15% |