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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.
Rekor Systems
Rekor Systems
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