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Jun 30, 2024
Rekor Systems Q2 2024 Earnings Report
Rekor Systems reported strong financial results, secured a financing facility, and accelerated customer adoption across all business segments.
Key Takeaways
Rekor Systems announced a 45% increase in gross revenue compared to Q2 2023. The company also secured a facility for up to $35 million in financing to fuel continued growth. Adoption of Rekor Command™ Platform increased, and contracts with TxDOT, OhioDOT, and Pitkin County, CO were secured.
Gross revenue increased by 45% compared to Q2 2023.
A financing facility for up to $35 million was secured, with $15 million drawn down for current projects and continued growth.
Rekor Command™ Platform was adopted by DOTs in Oklahoma, Kansas, and Umatilla County, Oregon.
Multi-year contracts valued at up to $15 million were secured with TxDOT, OhioDOT, and Pitkin County, CO.
Forward Guidance
Rekor Systems looks forward to building on the momentum in the coming quarters.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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