Rekor Systems Reports Third Quarter 2026 Financial Results

Robert A. Berman, Chairman and Chief Executive Officer of Rekor Systems

“The progress we made in 2026 is substantial and measurable. It is challenging to grow a business while fundamentally restructuring it, but that is exactly the work we undertook. We reduced expenses, strengthened our recurring revenue base, materially improved operating cash use, and exited leased facilities that no longer fit the business. Our goal was not simply to lower costs; it was to create an operating foundation designed for profitability at approximately $50 million in annual revenue. At the same time, we continue to see significant growth opportunities and have spent months building our go-to-market strategy and reviewing pricing across our portfolio, with an emphasis on stronger margins. That work is substantially complete, and we are moving forward with a more focused sales and marketing program. We believe the combination of a more efficient cost structure, an expanding contract portfolio, and a disciplined commercialization plan positions Rekor for meaningful progress in 2027. We are also actively engaging multiple lenders on a refinancing of our Prime Revenue Sharing Notes and believe the growth of our contract portfolio since the notes were issued gives us a stronger basis for those discussions. Our focus is on executing this plan and delivering results.”