Rekor Systems Inc
REKRW
NASDAQ Capital Market17.49
USD
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Return %
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S&P500
1Y
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26.53
3Y
0.00
76.60
5Y
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80.11
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- Technology
- Industry
- Information Technology Services
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- Rekor Systems, Inc. (NASDAQ: REKR; REKRW) develops and deploys AI-powered roadway intelligence platforms and edge devices that collect, process, and analyze mobility data for transportation management, urban mobility, and public safety applications in the United States and internationally. The company offers Rekor One, a comprehensive roadway intelligence engine that aggregates data from proprietary devices, partner networks, and existing infrastructure; Rekor Discover for traffic and vehicle analytics; Rekor Command for incident detection, work zone management, and transportation operations; Rekor Scout for license plate recognition and public safety alerts; Rekor AutoNotice, a cloud-based application for contactless compliance and financial management; and Rekor CarCheck, an AI-driven vehicle identification technology. It also provides the Rekor Edge hardware series, including Edge Max for fixed traffic data collection, Edge Pro for standalone or networked vehicle recognition, and Edge Flex for portable analytics; alongside traffic engineering services such as traditional and AI-driven traffic studies. Founded in 2017 and headquartered in Columbia, Maryland, with additional offices in Texas, Colorado, Florida, and Israel, Rekor targets government agencies like state departments of transportation, law enforcement, municipalities, and commercial entities in logistics and urban planning. In recent developments, Rekor secured its largest statewide contract in October 2025 with the Georgia Department of Transportation (GDOT), a multi-year Data-as-a-Service agreement valued at a minimum of $50 million and potentially exceeding $100 million over seven years through cooperative purchasing by local governments; this follows a statewide blanket order with the Texas Department of Transportation (TxDOT) for Rekor Command in June 2025. The company announced initial deployments of Rekor Discover with the California Department of Transportation (CalTrans) and TxDOT in October 2025, signaling scalable statewide expansions, and closed a $10 million registered direct offering in August 2025 to support growth initiatives. Earlier in 2025, Rekor entered a partnership with SoundHound AI to integrate voice technology into Rekor Scout for emergency vehicles, reported record Q3 2025 revenue of $14.2 million with improved gross margins, and continues to expand via prior acquisitions like All Traffic Data for urban mobility enhancement.