Rekor Systems Q4 2023 Earnings Report
Key Takeaways
Rekor Systems reported a record Q4 revenue of $11.1 million, marking a 71% increase year-over-year. The company's performance obligations increased by 23% to $26.4 million, and total contract value surged by 124% to $49.1 million. The adjusted EBITDA loss was narrowed to $28.7 million.
Q4 2023 revenue reached an all-time high of $11.1 million, up 71% year-over-year.
Performance obligations increased by 23% to $26.4 million.
Total contract value increased by 124% to $49.1 million.
Adjusted EBITDA loss narrowed from $37.4 million to $28.7 million.
Rekor Systems
Rekor Systems
Forward Guidance
Rekor Systems had initially planned to hold its Investor and Analyst Day concurrently with our annual meeting at the NASDAQ headquarters in New York, leveraging the convenience and resources available at this location. However, considering certain rapid developments and forward momentum, we believe it is prudent to reschedule our Investor and Analyst Day to a later date. This adjustment will allow us to ensure that we can share the most current and comprehensive updates with our investors and analysts.