COLUMBIA, Md. — November 13, 2025 — Leads & Copy — Rekor Systems, Inc. (NASDAQ: REKR) has announced record financial results for the three and nine months ended September 30, 2025.
The third quarter of 2025 represents the strongest performance in Rekor’s history, with the company achieving new highs in revenue, margins, and operational efficiency. Record quarterly revenue reached $14.2 million, and the adjusted gross margin expanded to 63% for the quarter and 55% for the nine-month period. The adjusted EBITDA loss narrowed to $1.5 million, and operating expenses fell 26% sequentially and 20% year-over-year.
Rekor secured its largest statewide contract to date with the Georgia Department of Transportation (GDOT). The contract accelerates the deployment of Rekor Discover® and the Data-as-a-Service business model, supporting GDOT’s efforts to modernize traffic data collection, validation, and usage. The full contract term could last up to eight years and is valued at a minimum of $50 million, with the potential to increase to over $100 million. Rekor Discover® continues to support the Company’s Data-as-a-Service growth strategy.
South Carolina’s Office of Information Technology (OIT), in partnership with the South Carolina State Transport Police (STP) and the South Carolina Department of Transportation (SCDOT), secured first place in the State Technology Innovation Award for deploying “virtual weigh stations” powered by Rekor technology and integrated with Drakewell. Rekor will receive an initial order of about $1 million for this technology rollout, with additional revenue anticipated as the program expands statewide.
During the third quarter, three new states began using Rekor Discover®, and Rekor Labs announced plans to launch a pioneering suite of products to identify synthetically created and modified media with a new product aimed at combating the growing concerns caused by deep-fake media.
According to Eyal Hen, Rekor’s Chief Financial Officer, the results confirm that Rekor’s model is scalable, resilient, and built for long-term profitability. Rekor President and CEO Robert A. Berman said that Rekor Discover® and Rekor Command® are gaining significant traction in the market, and transportation authorities are issuing new RFPs that combine both technologies.
For the three months ended September 30, 2025, revenue was $14,194,000, compared to $10,546,000 for the three months ended September 30, 2024. For the nine months ended September 30, 2025, revenue was $35,751,000, compared to $32,751,000 for the nine months ended September 30, 2024.
The company will host its earnings conference call today at 4:30 p.m. ET. To access the webcast, visit https://event.choruscall.com/mediaframe/webcast.html?webcastid=gyrVsAf5.
Contact:
Rekor Systems, Inc.
Eyal Hen
Chief Financial Officer
Phone: +1 (443) 545-7260
ehen@rekor.ai
Media & Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekor.ai
Source: Rekor Systems, Inc.
