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Dec 31, 2024
Rekor Systems Q4 2024 Earnings Report
Rekor Systems posted record Q4 2024 revenue and narrowed its adjusted EBITDA loss, demonstrating operational improvements.
Key Takeaways
Rekor Systems achieved $13.28 million in revenue in Q4 2024, reflecting a 20% increase year-over-year. The company improved its adjusted EBITDA and gross margin, and reported an adjusted EPS of -$0.22. Operational progress included enhanced deployment of its AI-driven traffic management platform.
Q4 2024 revenue reached a record $13.28 million, up 20% year-over-year.
Adjusted EPS improved to -$0.22 in Q4 2024.
Gross profit was $6.90 million, with a margin of 51.9%.
Net loss widened to $20.36 million due to asset impairments.
Forward Guidance
Rekor expects continued revenue growth and operating leverage in 2025, supported by AI platform expansion and disciplined execution.
Positive Outlook
- Strong revenue growth in ATD and urban mobility segments
- Expansion of Rekor Discover and Rekor Command platforms
- Leadership team strengthened for scalability
- AI platform continues to gain market adoption
- Investment in emergency response tech continuing
Challenges Ahead
- Ongoing net losses impacted by amortization and R&D expenses
- Gross margin declined slightly from prior year
- Cash position declined from prior quarters
- Intangible asset impairments weighed on earnings
- Company still reliant on external capital for growth
Historical Earnings Impact
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Avg. Return Before/After Earnings
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