Rekor Systems sues former director over December 2025 financing

Filed complaint against former director Viraj Mehta for fiduciary breaches in December 2025 financing. Seeking damages, disgorgement, and restitution of director compensation. Investigating potential Section 13(d) and 16(b) violations linked to 14% unidentifiable stock accumulation. Examining unusually high stock-borrow utilization rates in common stock.

Rekor Systems secures $1.4M contract from Oregon Department of Transportation

Rekor Systems receives Intent to Award from ODOT for a statewide alerts program. Anticipated contract value is $1.4 million over five years. Deal subject to final negotiations and annual renewals after year two. Builds on Las Vegas deployment which delivered over 1.18 million alerts.

Rekor Systems eliminates $10 million in lease liabilities, saves $2 million annually

Terminates two long-term leases in US and Israel to cut fixed costs. Eliminates $10 million in outstanding lease obligations from balance sheet. Uses $2.8 million in cash to secure more than $2 million in annual savings. Removes related deposits, fixed assets, and right-of-use assets. Aims to improve operating leverage and support sustainable profitability.

Rekor Systems Calls for National ALPR Standard to Balance Safety and Privacy

Rekor Systems proposes a vendor-neutral national framework for automated license plate recognition. The plan includes cryptographic protection for non-hotlist data and purpose-based retention periods. Video integrity must be verifiable from the moment of capture to ensure evidentiary trust. CEO Robert A. Berman argues clear rules will restore public trust and preserve public-safety tools.

Rekor Systems Q2 recurring revenue up 14%, adjusted EBITDA loss narrows 79%

Rekor Systems delivered Q2 2026 results with $12.7 million in revenue, up 2% YoY. Recurring revenue surged 14% to $6.7 million, driving an adjusted gross margin expansion to 56%. Adjusted EBITDA loss narrowed 79% to $1.2 million due to $4 million in operating expense reductions. The company holds over $10 million in cash and targets adjusted EBITDA profitability in H2 2026.

Rekor Systems narrows Q2 loss, targets H2 2026 profitability

Rekor Systems reported preliminary Q2 revenue of $12.6 million and an adjusted EBITDA loss of $1.3 million, driven by cost reductions and operational realignment. The company holds $10 million in cash and expects to achieve profitability in H2 2026, supported by new product launches and further efficiency measures.