Rekor Systems, Inc. (REKR) 10-Year Financial Performance & Capital Metrics

REKR • • Industrial / General

TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics

AboutRekor Systems, Inc., through its subsidiaries, develops and implements transformative mission-critical intelligent infrastructure solutions and services for transportation management, public safety, and commercial markets in the United States, Canada, and internationally. It offers Rekor One Traffic Management solutions, including software modules for roadway monitoring and response, an incident detection and management solution; traffic and infrastructure analytics to capture data for roadway and infrastructure analytics and planning; and live and archival traffic view for situational awareness of what is happening on roadways. The company also provides Rekor One Public Safety solutions comprising contactless compliance application that delivers a turnkey information and citation management solution to cities, states, and municipalities for primary and secondary offenses; Rekor scout that offers accurate license plate and vehicle recognition on any IP, traffic, or security camera, and can be subscribed to separately for use with existing camera or sensor systems; and Rekor blue, a smartphone app that retrieves accurate vehicle license plate number and state of registration, and automatically organizes information by sessions, capturing date, location, and timestamp for law enforcement. In addition, it offers Rekor CarCheck, an API of its vehicle recognition technology to respond with accurate license plate data, vehicle make, model, body type, and color for commercial applications; and AutoNotice, a cloud-based financial management application to record payments in the system and provide functionality to research, manage unapplied payments, and reconcile receipts. Further, the company provides hardware products, which includes Rekor Edge Series, a family of mountable vehicle recognition systems that seamlessly capture and process vehicle data. Rekor Systems, Inc. was founded in 2017 and is headquartered in Columbia, Maryland.Show more

Revenue $46M +31.8%
EBITDA -$45M -31.0%
Net Income -$61M -34.4%
EPS (Diluted) -0.71 +1.4%
Gross Margin 49.28% -6.6%
EBITDA Margin -97.4% +0.6%
Operating Margin -118.02% +2.1%
Net Margin -133.42% -2.0%
ROE -181.93% -64.7%
ROIC -66.86% -34.9%
Debt/Equity 0.95 -25.1%
Interest Coverage -18.05 -55.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 53.1%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 37.3% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.86%

5Y53.12%

3Y58.43%

TTM11.89%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM15.93%

EPS CAGR

10Y-

5Y-

3Y-

TTM34.82%

ROCE

10Y Avg-45.38%

5Y Avg-63.99%

3Y Avg-77.31%

Latest-78.07%

Peer Comparison

AI-Powered Surveillance & Analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLTRPalantir Technologies Inc.	404.49B	177.07	931.95	28.79%	28.11%	16.38%	0.28%	0.05
CCCCCC Intelligent Solutions Holdings Inc.	5.17B	8.07	198.28	9.05%	-0.28%	-0.13%	4.46%	0.42
ODDOddity Tech Ltd.	1.62B	35.34	21.29	27.2%	14.11%	28.94%	8%	0.08
MLGOMicroAlgo Inc.	66.31M	6.06	11.02	-9.22%	11.11%	2.12%	6.14%	0.16
STEMStem, Inc.	165.29M	19.70	-0.19	-68.67%	62.2%	-59.21%
WRDWeRide Inc.	2.83B	8.73	-0.95	-10.13%	-6.97%	-125.4%		0.02
AISPAirship AI Holdings, Inc.	123.03M	3.60	-1.89	87.4%	-364.1%
ARBEArbe Robotics Ltd.	129.54M	1.19	-1.95	-47.76%	-70.78%	-96.13%		1.45

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.66M	12.13M	22.14M	48.56M	5.47M	9.23M	11.57M	19.92M	34.93M	46.03M
Revenue Growth %	-0.16%	0.26%	0.83%	1.19%	-0.89%	0.69%	0.25%	0.72%	0.75%	0.32%
Cost of Goods Sold+	5.5M	6.96M	13.79M	34.77M	1.65M	3.52M	4.55M	10.89M	16.5M	23.34M
COGS % of Revenue	0.57%	0.57%	0.62%	0.72%	0.3%	0.38%	0.39%	0.55%	0.47%	0.51%
Gross Profit+	4.17M	5.17M	8.34M	13.8M	3.82M	5.72M	7.03M	9.03M	18.43M	22.68M
Gross Margin %	0.43%	0.43%	0.38%	0.28%	0.7%	0.62%	0.61%	0.45%	0.53%	0.49%
Gross Profit Growth %	-0.15%	0.24%	0.61%	0.65%	-0.72%	0.5%	0.23%	0.29%	1.04%	0.23%
Operating Expenses+	3.8M	5.26M	12.98M	18.83M	11.35M	17.56M	38.86M	94.81M	60.55M	77.01M
OpEx % of Revenue	0.39%	0.43%	0.59%	0.39%	2.08%	1.9%	3.36%	4.76%	1.73%	1.67%
Selling, General & Admin	3.8M	5.26M	12.98M	15.07M	9.92M	12.42M	27.48M	34.94M	34.38M	38.53M
SG&A % of Revenue	0.39%	0.43%	0.59%	0.31%	1.81%	1.34%	2.37%	1.75%	0.98%	0.84%
Research & Development	0	0	0	131K	1.43M	3.19M	8.29M	18.62M	18.27M	18.77M
R&D % of Revenue	-	-	-	0%	0.26%	0.34%	0.72%	0.93%	0.52%	0.41%
Other Operating Expenses	0	0	0	-28.17K	0	1.96M	3.09M	41.26M	7.89M	19.71M
Operating Income+	369.39K	-93.88K	-4.64M	-5.04M	-7.53M	-11.85M	-31.83M	-85.78M	-42.12M	-54.32M
Operating Margin %	0.04%	-0.01%	-0.21%	-0.1%	-1.38%	-1.28%	-2.75%	-4.31%	-1.21%	-1.18%
Operating Income Growth %	2.22%	-1.25%	-48.41%	-0.09%	-0.5%	-0.57%	-1.69%	-1.69%	0.51%	-0.29%
EBITDA+	439.66K	-42.01K	-3.95M	-3.99M	-6.16M	-9.89M	-28.46M	-79.36M	-34.22M	-44.83M
EBITDA Margin %	0.05%	-0%	-0.18%	-0.08%	-1.13%	-1.07%	-2.46%	-3.98%	-0.98%	-0.97%
EBITDA Growth %	1.26%	-1.1%	-93.02%	-0.01%	-0.54%	-0.61%	-1.88%	-1.79%	0.57%	-0.31%
D&A (Non-Cash Add-back)	70.27K	51.87K	688.96K	1.05M	1.38M	1.96M	3.38M	6.42M	7.89M	9.49M
EBIT	369.39K	-93.88K	-5.12M	-5.19M	-9.55M	-12.09M	-31M	-84.37M	-44.01M	-58.9M
Net Interest Income+	0	-165.08K	-213.49K	-492K	-3.91M	-2.45M	-27K	-21K	-3.6M	-2.65M
Interest Income	0	0	0	0	-	54K	62K	51K	43K	365K
Interest Expense	0	165.08K	213.49K	492K	3.91M	2.5M	89K	72K	3.64M	3.01M
Other Income/Expense	0	-165.08K	-697.4K	-557K	-4.82M	-2.09M	619K	1.34M	-3.54M	-7.04M
Pretax Income+	369.39K	-258.95K	-5.34M	-5.67M	-12.36M	-13.94M	-31.21M	-84.44M	-45.65M	-61.37M
Pretax Margin %	0.04%	-0.02%	-0.24%	-0.12%	-2.26%	-1.51%	-2.7%	-4.24%	-1.31%	-1.33%
Income Tax+	0	-219.97K	-294.67K	29.25K	47K	23K	-3.82M	-987K	32K	45K
Effective Tax Rate %	1%	0.15%	0.94%	1.01%	1.29%	1.02%	0.86%	0.98%	1%	1%
Net Income+	369.39K	-38.98K	-5.04M	-5.7M	-15.88M	-14.18M	-26.78M	-83.11M	-45.69M	-61.41M
Net Margin %	0.04%	-0%	-0.23%	-0.12%	-2.9%	-1.54%	-2.31%	-4.17%	-1.31%	-1.33%
Net Income Growth %	2.22%	-1.11%	-128.31%	-0.13%	-1.78%	0.11%	-0.89%	-2.1%	0.45%	-0.34%
Net Income (Continuing)	369.39K	-38.98K	-5.04M	-5.71M	-12.4M	-13.96M	-27.4M	-83.45M	-45.69M	-61.41M
Discontinued Operations	0	0	0	0	-3.48M	-220K	614K	339K	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.03	-0.00	-0.43	-0.37	-0.72	-0.64	-0.65	-1.68	-0.72	-0.71
EPS Growth %	-	-1.11%	-	0.14%	-0.95%	0.11%	-0.02%	-1.58%	0.57%	0.01%
EPS (Basic)	0.03	-0.00	-0.43	-0.37	-0.72	-0.64	-0.65	-1.68	-0.72	-0.71
Diluted Shares Outstanding	13.93M	13.93M	11.77M	15.41M	20.03M	24.19M	41.16M	49.81M	63.17M	86.72M
Basic Shares Outstanding	13.93M	13.93M	11.67M	15.41M	20.03M	24.19M	41.16M	49.81M	63.17M	86.72M
Dividend Payout Ratio	0.72%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.38M	4.87M	10.98M	8.53M	10.23M	24.12M	30.68M	9.28M	25.34M	19.93M
Cash & Short-Term Investments	567.87K	2.79M	1.96M	2.77M	1.18M	20.59M	25.8M	1.92M	15.71M	5.01M
Cash Only	567.87K	2.79M	1.96M	2.77M	1.18M	20.59M	25.8M	1.92M	15.38M	5.01M
Short-Term Investments	0	0	0	0	0	0	0	0	328K	0
Accounts Receivable	1.73M	2M	8.18M	2.98M	776K	1.38M	1.17M	3.58M	5.29M	7.57M
Days Sales Outstanding	65.51	60.12	134.92	22.37	51.79	54.47	36.99	65.56	55.33	60.05
Inventory	0	0	155.72K	72.7K	302K	1.26M	1.19M	1.99M	3.06M	4.3M
Days Inventory Outstanding	-	0	4.12	0.76	66.73	131.14	95.8	66.56	67.65	67.19
Other Current Assets	73.75K	81.01K	687.97K	3.41M	7.97M	883K	2.52M	1.79M	1.27M	3.05M
Total Non-Current Assets+	173.39K	615.3K	9.62M	9.52M	18.76M	16.28M	95.2M	74.56M	66.81M	65.5M
Property, Plant & Equipment	134.11K	119.07K	648.34K	1.47M	1.26M	1.47M	16.09M	26.39M	24.76M	22.71M
Fixed Asset Turnover	72.05x	101.86x	34.14x	33.10x	4.32x	6.27x	0.72x	0.75x	1.41x	2.03x
Goodwill	0	0	3.09M	3.09M	6.34M	6.34M	53.45M	20.59M	20.59M	24.31M
Intangible Assets	0	0	5.47M	4.83M	8.24M	7.04M	21.41M	21.3M	17.24M	14.45M
Long-Term Investments	0	0	262.14K	0	-558K	75K	1.25M	2M	154K	142K
Other Non-Current Assets	39.28K	276.25K	143.58K	130.49K	2.92M	1.25M	1.98M	-649K	4.07M	3.89M
Total Assets+	2.55M	5.48M	20.6M	18.06M	28.99M	40.4M	125.88M	83.84M	92.15M	82.47M
Asset Turnover	3.79x	2.21x	1.07x	2.69x	0.19x	0.23x	0.09x	0.24x	0.38x	0.56x
Asset Growth %	0%	1.15%	2.76%	-0.12%	0.61%	0.39%	2.12%	-0.33%	0.1%	-0.11%
Total Current Liabilities+	966.61K	1.15M	8.23M	8.57M	10.33M	5.92M	13.82M	15.44M	17.24M	18.22M
Accounts Payable	419.48K	577.27K	1.39M	1.59M	3.68M	1.36M	7.09M	5.96M	5.14M	4.33M
Days Payables Outstanding	27.86	30.28	36.81	16.73	812.63	141.1	568.64	199.86	113.69	67.7
Short-Term Debt	0	0	3.66M	3.04M	2.2M	517K	1.26M	2.11M	1.07M	1.08M
Deferred Revenue (Current)	0	0	117.64K	207.06K	749K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	2.33M	3.56M	2.66M	2.82M	779K	2.79M	3.49M
Current Ratio	2.46x	4.22x	1.33x	0.99x	0.99x	4.08x	2.22x	0.60x	1.47x	1.09x
Quick Ratio	2.46x	4.22x	1.32x	0.99x	0.96x	3.86x	2.13x	0.47x	1.29x	0.86x
Cash Conversion Cycle	-	29.85	102.23	6.4	-694.12	44.51	-435.85	-67.74	9.29	59.53
Total Non-Current Liabilities+	52.38K	514K	1.46M	973.21K	21.89M	2.62M	10.97M	19.06M	41.55M	30.11M
Long-Term Debt	0	457.29K	1.41M	875K	20.41M	1.45M	37K	2.35M	24.94M	14.8M
Capital Lease Obligations	0	0	0	0	161K	188K	10.03M	14.24M	14.5M	13.35M
Deferred Tax Liabilities	0	0	0	0	10K	24K	38K	52K	65K	79K
Other Non-Current Liabilities	52.38K	56.71K	53.22K	98K	536K	5K	34K	1.42M	587K	587K
Total Liabilities	966.61K	1.67M	9.69M	9.55M	32.22M	8.54M	24.79M	34.5M	58.78M	48.33M
Total Debt+	0	457.29K	5.07M	5.1M	22.91M	2.41M	11.54M	19.76M	42.33M	32.44M
Net Debt	-567.87K	-2.33M	3.11M	2.33M	21.73M	-18.19M	-14.25M	17.84M	26.94M	27.42M
Debt / Equity	-	0.12x	0.46x	0.60x	-	0.08x	0.11x	0.40x	1.27x	0.95x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-1.29x	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-0.57x	-21.73x	-10.24x	-1.93x	-4.73x	-357.69x	-1191.44x	-11.57x	-18.05x
Total Equity+	1.53M	3.82M	10.91M	8.51M	-3.23M	31.86M	101.09M	49.34M	33.37M	34.14M
Equity Growth %	0.07%	1.49%	1.86%	-0.22%	-1.38%	10.86%	2.17%	-0.51%	-0.32%	0.02%
Book Value per Share	0.11	0.27	0.93	0.55	-0.16	1.32	2.46	0.99	0.53	0.39
Total Shareholders' Equity	1.53M	3.82M	10.91M	8.51M	-3.23M	31.86M	101.09M	49.34M	33.37M	34.14M
Common Stock	0	500	1.45K	1.88K	2K	3K	4K	5K	7K	10K
Retained Earnings	932.33K	-430.39K	-5.83M	-12.06M	-28.41M	-43.05M	-69.88M	-153M	-198.68M	-260.09M
Treasury Stock	0	0	0	0	0	0	-319K	-417K	-522K	-711K
Accumulated OCI	-469.52K	-515.91K	-633.01K	-978.15K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	260.66K	-136.08K	-3.17M	-2.05M	-21.33M	-15.06M	-18.03M	-39.61M	-32.63M	-32.47M
Operating CF Margin %	0.03%	-0.01%	-0.14%	-0.04%	-3.9%	-1.63%	-1.56%	-1.99%	-0.93%	-0.71%
Operating CF Growth %	3.84%	-1.52%	-22.27%	0.35%	-9.39%	0.29%	-0.2%	-1.2%	0.18%	0%
Net Income	369.39K	-38.98K	-5.04M	-5.7M	-12.4M	-13.96M	-27.4M	-83.45M	-45.69M	-61.41M
Depreciation & Amortization	70.27K	51.87K	688.96K	1.37M	1.38M	1.96M	3.38M	6.42M	7.89M	9.49M
Stock-Based Compensation	0	26.84K	408.46K	464.51K	446K	796K	3.91M	6.62M	4.35M	4.83M
Deferred Taxes	0	-219.98K	-294.67K	452.48K	10K	14K	-3.82M	-987K	13K	14K
Other Non-Cash Items	-95.25K	134.67K	690.65K	83.25K	-11.86M	-3.54M	194K	32.22M	2.36M	16.21M
Working Capital Changes	-83.76K	-90.49K	380.58K	1.28M	1.1M	-327K	5.7M	-426K	-1.56M	-1.61M
Change in Receivables	-106.95K	-263.81K	-158.51K	1.44M	-867K	-298K	299K	729K	-1.88M	220K
Change in Inventory	-1.09M	-3.7M	12.06K	83.01K	-229K	-962K	65K	209K	-687K	1.16M
Change in Payables	-40.73K	157.79K	-398.31K	202.85K	954K	889K	5.08M	-2.23M	1.6M	-2.32M
Cash from Investing+	-57.34K	-36.83K	-289.66K	395.15K	-563K	4.59M	-47.37M	-8.39M	270K	-9.37M
Capital Expenditures	-57.34K	-36.83K	-289.66K	-1.08M	-798K	-1.04M	-6.22M	-4.17M	-1.39M	-1.68M
CapEx % of Revenue	0.01%	0%	0.01%	0.02%	0.15%	0.11%	0.54%	0.21%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	417.7B	1.48M	-15K	0	-48K	-125K	177K	34K
Cash from Financing+	-267.76K	2.39M	2.63M	2.47M	20.99M	29.62M	70.99M	23.87M	45.6M	31.45M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-267.76K	-125.61K	-251.51K	-344.72K	-108K	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	2.02M	2.23M	18K	14.31M	6.08M	1.21M	291K	16.3M	19.85M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	203.31K	-172.91K	-3.46M	-3.13M	-22.13M	-16.1M	-24.26M	-43.78M	-34.02M	-34.15M
FCF Margin %	0.02%	-0.01%	-0.16%	-0.06%	-4.05%	-1.74%	-2.1%	-2.2%	-0.97%	-0.74%
FCF Growth %	8.34%	-1.85%	-18.99%	0.09%	-6.06%	0.27%	-0.51%	-0.8%	0.22%	-0%
FCF per Share	0.01	-0.01	-0.29	-0.20	-1.10	-0.67	-0.59	-0.88	-0.54	-0.39
FCF Conversion (FCF/Net Income)	0.71x	3.49x	0.63x	0.36x	1.34x	1.06x	0.67x	0.48x	0.71x	0.53x
Interest Paid	0	0	0	0	0	0	0	59K	1.65M	2.52M
Taxes Paid	0	0	0	0	0	0	0	60K	9K	61K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	24.97%	-1.46%	-68.48%	-58.75%	-602.03%	-99.07%	-40.29%	-110.51%	-110.47%	-181.93%
Return on Invested Capital (ROIC)	31.51%	-5.75%	-44.88%	-30.4%	-38.52%	-55.24%	-47.51%	-83.55%	-49.55%	-66.86%
Gross Margin	43.11%	42.62%	37.69%	28.41%	69.79%	61.9%	60.7%	45.33%	52.77%	49.28%
Net Margin	3.82%	-0.32%	-22.77%	-11.74%	-290.44%	-153.58%	-231.38%	-417.24%	-130.78%	-133.42%
Debt / Equity	-	0.12x	0.46x	0.60x	-	0.08x	0.11x	0.40x	1.27x	0.95x
Interest Coverage	-	-0.57x	-21.73x	-10.24x	-1.93x	-4.73x	-357.69x	-1191.44x	-11.57x	-18.05x
FCF Conversion	0.71x	3.49x	0.63x	0.36x	1.34x	1.06x	0.67x	0.48x	0.71x	0.53x
Revenue Growth	-16.13%	25.53%	82.51%	119.38%	-88.74%	68.84%	25.35%	72.09%	75.37%	31.76%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Product and Service, Other	-	-	9.66M	6.83M	14.18M	23.44M
Product and Service, Other Growth	-	-	-	-29.31%	107.61%	65.31%
Recurring Revenue	-	-	4.63M	13.09M	20.75M	22.59M
Recurring Revenue Growth	-	-	-	182.50%	58.54%	8.84%
Public Safety	-	-	-	-	14.87M	14.81M
Public Safety Growth	-	-	-	-	-	-0.45%
License and Service	-	-	-	9.44M	-	-
License and Service Growth	-	-	-	-	-	-
Global	-	10.51M	-	-	-	-
Global Growth	-	-	-	-	-	-
AOC Key Solutions	-	3.39M	-	-	-	-
AOC Key Solutions Growth	-	-	-	-	-	-
Firestorm	-	5K	-	-	-	-
Firestorm Growth	-	-	-	-	-	-
Professional Services	13.85M	-	-	-	-	-
Professional Services Growth	-	-	-	-	-	-
Technology	6.44M	-	-	-	-	-
Technology Growth	-	-	-	-	-	-

Revenue by Geography

	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	11.38M	17.89M	32.39M	-
UNITED STATES Growth	-	-	-	57.25%	81.04%	-
Other Countries	-	-	1.04M	1.6M	2.55M	-
Other Countries Growth	-	-	-	53.17%	59.59%	-
CANADA	-	-	1.88M	435K	-	-
CANADA Growth	-	-	-	-76.81%	-	-

Frequently Asked Questions

Growth & Financials

Rekor Systems, Inc. (REKR) reported $49.0M in revenue for fiscal year 2024. This represents a 326% increase from $11.5M in 2014.

Rekor Systems, Inc. (REKR) grew revenue by 31.8% over the past year. This is strong growth.

Rekor Systems, Inc. (REKR) reported a net loss of $44.0M for fiscal year 2024.

Dividend & Returns

Rekor Systems, Inc. (REKR) has a return on equity (ROE) of -181.9%. Negative ROE indicates the company is unprofitable.

Rekor Systems, Inc. (REKR) had negative free cash flow of $28.4M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

...

Rekor Systems, Inc. (REKR) 10-Year Financial Performance & Capital Metrics

REKR • • Industrial / General

TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics

Revenue $46M +31.8%
EBITDA -$45M -31.0%
Net Income -$61M -34.4%
EPS (Diluted) -0.71 +1.4%
Gross Margin 49.28% -6.6%
EBITDA Margin -97.4% +0.6%
Operating Margin -118.02% +2.1%
Net Margin -133.42% -2.0%
ROE -181.93% -64.7%
ROIC -66.86% -34.9%
Debt/Equity 0.95 -25.1%
Interest Coverage -18.05 -55.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 53.1%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 37.3% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.86%

5Y53.12%

3Y58.43%

TTM11.89%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM15.93%

EPS CAGR

10Y-

5Y-

3Y-

TTM34.82%

ROCE

10Y Avg-45.38%

5Y Avg-63.99%

3Y Avg-77.31%

Latest-78.07%

Peer Comparison

AI-Powered Surveillance & Analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLTRPalantir Technologies Inc.	404.49B	177.07	931.95	28.79%	28.11%	16.38%	0.28%	0.05
CCCCCC Intelligent Solutions Holdings Inc.	5.17B	8.07	198.28	9.05%	-0.28%	-0.13%	4.46%	0.42
ODDOddity Tech Ltd.	1.62B	35.34	21.29	27.2%	14.11%	28.94%	8%	0.08
MLGOMicroAlgo Inc.	66.31M	6.06	11.02	-9.22%	11.11%	2.12%	6.14%	0.16
STEMStem, Inc.	165.29M	19.70	-0.19	-68.67%	62.2%	-59.21%
WRDWeRide Inc.	2.83B	8.73	-0.95	-10.13%	-6.97%	-125.4%		0.02
AISPAirship AI Holdings, Inc.	123.03M	3.60	-1.89	87.4%	-364.1%
ARBEArbe Robotics Ltd.	129.54M	1.19	-1.95	-47.76%	-70.78%	-96.13%		1.45

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.66M	12.13M	22.14M	48.56M	5.47M	9.23M	11.57M	19.92M	34.93M	46.03M
Revenue Growth %	-0.16%	0.26%	0.83%	1.19%	-0.89%	0.69%	0.25%	0.72%	0.75%	0.32%
Cost of Goods Sold+	5.5M	6.96M	13.79M	34.77M	1.65M	3.52M	4.55M	10.89M	16.5M	23.34M
COGS % of Revenue	0.57%	0.57%	0.62%	0.72%	0.3%	0.38%	0.39%	0.55%	0.47%	0.51%
Gross Profit+	4.17M	5.17M	8.34M	13.8M	3.82M	5.72M	7.03M	9.03M	18.43M	22.68M
Gross Margin %	0.43%	0.43%	0.38%	0.28%	0.7%	0.62%	0.61%	0.45%	0.53%	0.49%
Gross Profit Growth %	-0.15%	0.24%	0.61%	0.65%	-0.72%	0.5%	0.23%	0.29%	1.04%	0.23%
Operating Expenses+	3.8M	5.26M	12.98M	18.83M	11.35M	17.56M	38.86M	94.81M	60.55M	77.01M
OpEx % of Revenue	0.39%	0.43%	0.59%	0.39%	2.08%	1.9%	3.36%	4.76%	1.73%	1.67%
Selling, General & Admin	3.8M	5.26M	12.98M	15.07M	9.92M	12.42M	27.48M	34.94M	34.38M	38.53M
SG&A % of Revenue	0.39%	0.43%	0.59%	0.31%	1.81%	1.34%	2.37%	1.75%	0.98%	0.84%
Research & Development	0	0	0	131K	1.43M	3.19M	8.29M	18.62M	18.27M	18.77M
R&D % of Revenue	-	-	-	0%	0.26%	0.34%	0.72%	0.93%	0.52%	0.41%
Other Operating Expenses	0	0	0	-28.17K	0	1.96M	3.09M	41.26M	7.89M	19.71M
Operating Income+	369.39K	-93.88K	-4.64M	-5.04M	-7.53M	-11.85M	-31.83M	-85.78M	-42.12M	-54.32M
Operating Margin %	0.04%	-0.01%	-0.21%	-0.1%	-1.38%	-1.28%	-2.75%	-4.31%	-1.21%	-1.18%
Operating Income Growth %	2.22%	-1.25%	-48.41%	-0.09%	-0.5%	-0.57%	-1.69%	-1.69%	0.51%	-0.29%
EBITDA+	439.66K	-42.01K	-3.95M	-3.99M	-6.16M	-9.89M	-28.46M	-79.36M	-34.22M	-44.83M
EBITDA Margin %	0.05%	-0%	-0.18%	-0.08%	-1.13%	-1.07%	-2.46%	-3.98%	-0.98%	-0.97%
EBITDA Growth %	1.26%	-1.1%	-93.02%	-0.01%	-0.54%	-0.61%	-1.88%	-1.79%	0.57%	-0.31%
D&A (Non-Cash Add-back)	70.27K	51.87K	688.96K	1.05M	1.38M	1.96M	3.38M	6.42M	7.89M	9.49M
EBIT	369.39K	-93.88K	-5.12M	-5.19M	-9.55M	-12.09M	-31M	-84.37M	-44.01M	-58.9M
Net Interest Income+	0	-165.08K	-213.49K	-492K	-3.91M	-2.45M	-27K	-21K	-3.6M	-2.65M
Interest Income	0	0	0	0	-	54K	62K	51K	43K	365K
Interest Expense	0	165.08K	213.49K	492K	3.91M	2.5M	89K	72K	3.64M	3.01M
Other Income/Expense	0	-165.08K	-697.4K	-557K	-4.82M	-2.09M	619K	1.34M	-3.54M	-7.04M
Pretax Income+	369.39K	-258.95K	-5.34M	-5.67M	-12.36M	-13.94M	-31.21M	-84.44M	-45.65M	-61.37M
Pretax Margin %	0.04%	-0.02%	-0.24%	-0.12%	-2.26%	-1.51%	-2.7%	-4.24%	-1.31%	-1.33%
Income Tax+	0	-219.97K	-294.67K	29.25K	47K	23K	-3.82M	-987K	32K	45K
Effective Tax Rate %	1%	0.15%	0.94%	1.01%	1.29%	1.02%	0.86%	0.98%	1%	1%
Net Income+	369.39K	-38.98K	-5.04M	-5.7M	-15.88M	-14.18M	-26.78M	-83.11M	-45.69M	-61.41M
Net Margin %	0.04%	-0%	-0.23%	-0.12%	-2.9%	-1.54%	-2.31%	-4.17%	-1.31%	-1.33%
Net Income Growth %	2.22%	-1.11%	-128.31%	-0.13%	-1.78%	0.11%	-0.89%	-2.1%	0.45%	-0.34%
Net Income (Continuing)	369.39K	-38.98K	-5.04M	-5.71M	-12.4M	-13.96M	-27.4M	-83.45M	-45.69M	-61.41M
Discontinued Operations	0	0	0	0	-3.48M	-220K	614K	339K	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.03	-0.00	-0.43	-0.37	-0.72	-0.64	-0.65	-1.68	-0.72	-0.71
EPS Growth %	-	-1.11%	-	0.14%	-0.95%	0.11%	-0.02%	-1.58%	0.57%	0.01%
EPS (Basic)	0.03	-0.00	-0.43	-0.37	-0.72	-0.64	-0.65	-1.68	-0.72	-0.71
Diluted Shares Outstanding	13.93M	13.93M	11.77M	15.41M	20.03M	24.19M	41.16M	49.81M	63.17M	86.72M
Basic Shares Outstanding	13.93M	13.93M	11.67M	15.41M	20.03M	24.19M	41.16M	49.81M	63.17M	86.72M
Dividend Payout Ratio	0.72%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.38M	4.87M	10.98M	8.53M	10.23M	24.12M	30.68M	9.28M	25.34M	19.93M
Cash & Short-Term Investments	567.87K	2.79M	1.96M	2.77M	1.18M	20.59M	25.8M	1.92M	15.71M	5.01M
Cash Only	567.87K	2.79M	1.96M	2.77M	1.18M	20.59M	25.8M	1.92M	15.38M	5.01M
Short-Term Investments	0	0	0	0	0	0	0	0	328K	0
Accounts Receivable	1.73M	2M	8.18M	2.98M	776K	1.38M	1.17M	3.58M	5.29M	7.57M
Days Sales Outstanding	65.51	60.12	134.92	22.37	51.79	54.47	36.99	65.56	55.33	60.05
Inventory	0	0	155.72K	72.7K	302K	1.26M	1.19M	1.99M	3.06M	4.3M
Days Inventory Outstanding	-	0	4.12	0.76	66.73	131.14	95.8	66.56	67.65	67.19
Other Current Assets	73.75K	81.01K	687.97K	3.41M	7.97M	883K	2.52M	1.79M	1.27M	3.05M
Total Non-Current Assets+	173.39K	615.3K	9.62M	9.52M	18.76M	16.28M	95.2M	74.56M	66.81M	65.5M
Property, Plant & Equipment	134.11K	119.07K	648.34K	1.47M	1.26M	1.47M	16.09M	26.39M	24.76M	22.71M
Fixed Asset Turnover	72.05x	101.86x	34.14x	33.10x	4.32x	6.27x	0.72x	0.75x	1.41x	2.03x
Goodwill	0	0	3.09M	3.09M	6.34M	6.34M	53.45M	20.59M	20.59M	24.31M
Intangible Assets	0	0	5.47M	4.83M	8.24M	7.04M	21.41M	21.3M	17.24M	14.45M
Long-Term Investments	0	0	262.14K	0	-558K	75K	1.25M	2M	154K	142K
Other Non-Current Assets	39.28K	276.25K	143.58K	130.49K	2.92M	1.25M	1.98M	-649K	4.07M	3.89M
Total Assets+	2.55M	5.48M	20.6M	18.06M	28.99M	40.4M	125.88M	83.84M	92.15M	82.47M
Asset Turnover	3.79x	2.21x	1.07x	2.69x	0.19x	0.23x	0.09x	0.24x	0.38x	0.56x
Asset Growth %	0%	1.15%	2.76%	-0.12%	0.61%	0.39%	2.12%	-0.33%	0.1%	-0.11%
Total Current Liabilities+	966.61K	1.15M	8.23M	8.57M	10.33M	5.92M	13.82M	15.44M	17.24M	18.22M
Accounts Payable	419.48K	577.27K	1.39M	1.59M	3.68M	1.36M	7.09M	5.96M	5.14M	4.33M
Days Payables Outstanding	27.86	30.28	36.81	16.73	812.63	141.1	568.64	199.86	113.69	67.7
Short-Term Debt	0	0	3.66M	3.04M	2.2M	517K	1.26M	2.11M	1.07M	1.08M
Deferred Revenue (Current)	0	0	117.64K	207.06K	749K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	2.33M	3.56M	2.66M	2.82M	779K	2.79M	3.49M
Current Ratio	2.46x	4.22x	1.33x	0.99x	0.99x	4.08x	2.22x	0.60x	1.47x	1.09x
Quick Ratio	2.46x	4.22x	1.32x	0.99x	0.96x	3.86x	2.13x	0.47x	1.29x	0.86x
Cash Conversion Cycle	-	29.85	102.23	6.4	-694.12	44.51	-435.85	-67.74	9.29	59.53
Total Non-Current Liabilities+	52.38K	514K	1.46M	973.21K	21.89M	2.62M	10.97M	19.06M	41.55M	30.11M
Long-Term Debt	0	457.29K	1.41M	875K	20.41M	1.45M	37K	2.35M	24.94M	14.8M
Capital Lease Obligations	0	0	0	0	161K	188K	10.03M	14.24M	14.5M	13.35M
Deferred Tax Liabilities	0	0	0	0	10K	24K	38K	52K	65K	79K
Other Non-Current Liabilities	52.38K	56.71K	53.22K	98K	536K	5K	34K	1.42M	587K	587K
Total Liabilities	966.61K	1.67M	9.69M	9.55M	32.22M	8.54M	24.79M	34.5M	58.78M	48.33M
Total Debt+	0	457.29K	5.07M	5.1M	22.91M	2.41M	11.54M	19.76M	42.33M	32.44M
Net Debt	-567.87K	-2.33M	3.11M	2.33M	21.73M	-18.19M	-14.25M	17.84M	26.94M	27.42M
Debt / Equity	-	0.12x	0.46x	0.60x	-	0.08x	0.11x	0.40x	1.27x	0.95x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-1.29x	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-0.57x	-21.73x	-10.24x	-1.93x	-4.73x	-357.69x	-1191.44x	-11.57x	-18.05x
Total Equity+	1.53M	3.82M	10.91M	8.51M	-3.23M	31.86M	101.09M	49.34M	33.37M	34.14M
Equity Growth %	0.07%	1.49%	1.86%	-0.22%	-1.38%	10.86%	2.17%	-0.51%	-0.32%	0.02%
Book Value per Share	0.11	0.27	0.93	0.55	-0.16	1.32	2.46	0.99	0.53	0.39
Total Shareholders' Equity	1.53M	3.82M	10.91M	8.51M	-3.23M	31.86M	101.09M	49.34M	33.37M	34.14M
Common Stock	0	500	1.45K	1.88K	2K	3K	4K	5K	7K	10K
Retained Earnings	932.33K	-430.39K	-5.83M	-12.06M	-28.41M	-43.05M	-69.88M	-153M	-198.68M	-260.09M
Treasury Stock	0	0	0	0	0	0	-319K	-417K	-522K	-711K
Accumulated OCI	-469.52K	-515.91K	-633.01K	-978.15K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	260.66K	-136.08K	-3.17M	-2.05M	-21.33M	-15.06M	-18.03M	-39.61M	-32.63M	-32.47M
Operating CF Margin %	0.03%	-0.01%	-0.14%	-0.04%	-3.9%	-1.63%	-1.56%	-1.99%	-0.93%	-0.71%
Operating CF Growth %	3.84%	-1.52%	-22.27%	0.35%	-9.39%	0.29%	-0.2%	-1.2%	0.18%	0%
Net Income	369.39K	-38.98K	-5.04M	-5.7M	-12.4M	-13.96M	-27.4M	-83.45M	-45.69M	-61.41M
Depreciation & Amortization	70.27K	51.87K	688.96K	1.37M	1.38M	1.96M	3.38M	6.42M	7.89M	9.49M
Stock-Based Compensation	0	26.84K	408.46K	464.51K	446K	796K	3.91M	6.62M	4.35M	4.83M
Deferred Taxes	0	-219.98K	-294.67K	452.48K	10K	14K	-3.82M	-987K	13K	14K
Other Non-Cash Items	-95.25K	134.67K	690.65K	83.25K	-11.86M	-3.54M	194K	32.22M	2.36M	16.21M
Working Capital Changes	-83.76K	-90.49K	380.58K	1.28M	1.1M	-327K	5.7M	-426K	-1.56M	-1.61M
Change in Receivables	-106.95K	-263.81K	-158.51K	1.44M	-867K	-298K	299K	729K	-1.88M	220K
Change in Inventory	-1.09M	-3.7M	12.06K	83.01K	-229K	-962K	65K	209K	-687K	1.16M
Change in Payables	-40.73K	157.79K	-398.31K	202.85K	954K	889K	5.08M	-2.23M	1.6M	-2.32M
Cash from Investing+	-57.34K	-36.83K	-289.66K	395.15K	-563K	4.59M	-47.37M	-8.39M	270K	-9.37M
Capital Expenditures	-57.34K	-36.83K	-289.66K	-1.08M	-798K	-1.04M	-6.22M	-4.17M	-1.39M	-1.68M
CapEx % of Revenue	0.01%	0%	0.01%	0.02%	0.15%	0.11%	0.54%	0.21%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	417.7B	1.48M	-15K	0	-48K	-125K	177K	34K
Cash from Financing+	-267.76K	2.39M	2.63M	2.47M	20.99M	29.62M	70.99M	23.87M	45.6M	31.45M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-267.76K	-125.61K	-251.51K	-344.72K	-108K	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	2.02M	2.23M	18K	14.31M	6.08M	1.21M	291K	16.3M	19.85M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	203.31K	-172.91K	-3.46M	-3.13M	-22.13M	-16.1M	-24.26M	-43.78M	-34.02M	-34.15M
FCF Margin %	0.02%	-0.01%	-0.16%	-0.06%	-4.05%	-1.74%	-2.1%	-2.2%	-0.97%	-0.74%
FCF Growth %	8.34%	-1.85%	-18.99%	0.09%	-6.06%	0.27%	-0.51%	-0.8%	0.22%	-0%
FCF per Share	0.01	-0.01	-0.29	-0.20	-1.10	-0.67	-0.59	-0.88	-0.54	-0.39
FCF Conversion (FCF/Net Income)	0.71x	3.49x	0.63x	0.36x	1.34x	1.06x	0.67x	0.48x	0.71x	0.53x
Interest Paid	0	0	0	0	0	0	0	59K	1.65M	2.52M
Taxes Paid	0	0	0	0	0	0	0	60K	9K	61K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	24.97%	-1.46%	-68.48%	-58.75%	-602.03%	-99.07%	-40.29%	-110.51%	-110.47%	-181.93%
Return on Invested Capital (ROIC)	31.51%	-5.75%	-44.88%	-30.4%	-38.52%	-55.24%	-47.51%	-83.55%	-49.55%	-66.86%
Gross Margin	43.11%	42.62%	37.69%	28.41%	69.79%	61.9%	60.7%	45.33%	52.77%	49.28%
Net Margin	3.82%	-0.32%	-22.77%	-11.74%	-290.44%	-153.58%	-231.38%	-417.24%	-130.78%	-133.42%
Debt / Equity	-	0.12x	0.46x	0.60x	-	0.08x	0.11x	0.40x	1.27x	0.95x
Interest Coverage	-	-0.57x	-21.73x	-10.24x	-1.93x	-4.73x	-357.69x	-1191.44x	-11.57x	-18.05x
FCF Conversion	0.71x	3.49x	0.63x	0.36x	1.34x	1.06x	0.67x	0.48x	0.71x	0.53x
Revenue Growth	-16.13%	25.53%	82.51%	119.38%	-88.74%	68.84%	25.35%	72.09%	75.37%	31.76%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Product and Service, Other	-	-	9.66M	6.83M	14.18M	23.44M
Product and Service, Other Growth	-	-	-	-29.31%	107.61%	65.31%
Recurring Revenue	-	-	4.63M	13.09M	20.75M	22.59M
Recurring Revenue Growth	-	-	-	182.50%	58.54%	8.84%
Public Safety	-	-	-	-	14.87M	14.81M
Public Safety Growth	-	-	-	-	-	-0.45%
License and Service	-	-	-	9.44M	-	-
License and Service Growth	-	-	-	-	-	-
Global	-	10.51M	-	-	-	-
Global Growth	-	-	-	-	-	-
AOC Key Solutions	-	3.39M	-	-	-	-
AOC Key Solutions Growth	-	-	-	-	-	-
Firestorm	-	5K	-	-	-	-
Firestorm Growth	-	-	-	-	-	-
Professional Services	13.85M	-	-	-	-	-
Professional Services Growth	-	-	-	-	-	-
Technology	6.44M	-	-	-	-	-
Technology Growth	-	-	-	-	-	-

Revenue by Geography

	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	11.38M	17.89M	32.39M	-
UNITED STATES Growth	-	-	-	57.25%	81.04%	-
Other Countries	-	-	1.04M	1.6M	2.55M	-
Other Countries Growth	-	-	-	53.17%	59.59%	-
CANADA	-	-	1.88M	435K	-	-
CANADA Growth	-	-	-	-76.81%	-	-

Frequently Asked Questions

Growth & Financials

Rekor Systems, Inc. (REKR) reported $49.0M in revenue for fiscal year 2024. This represents a 326% increase from $11.5M in 2014.

Rekor Systems, Inc. (REKR) grew revenue by 31.8% over the past year. This is strong growth.

Rekor Systems, Inc. (REKR) reported a net loss of $44.0M for fiscal year 2024.

Dividend & Returns

Rekor Systems, Inc. (REKR) has a return on equity (ROE) of -181.9%. Negative ROE indicates the company is unprofitable.

Rekor Systems, Inc. (REKR) had negative free cash flow of $28.4M in fiscal year 2024, likely due to heavy capital investments.