REKR$0.336+0.04%
Rekor Systems, Inc.
Sector: Communications Equipment, NECIndustry: Software - ApplicationCountry: USExchange: Nasdaq
Mkt Cap:$46.25M
Float & O/S:133.67M / 137.64M
Inst Own:17.0%
DilutionScan read 30 of Rekor Systems, Inc.'s SEC filings and found 4 warrant series, 1 convertible, 1 ATM program, 1 equity line, 5 shelf registrations and 1 completed offering on file for REKR. The latest dilution event on file is ATM sales on Dec 31, 2025. Analysis updated Oct 6, 2026.
Signal8 Summary
REKR
Growing revenue, but cash runway only 5.5 months
- Business
- WeakNet loss $31.5M vs $48.5M revenue, 5.5-month runway
- Stock risk
- High$55M micro-cap, shares +38% YoY, active Nasdaq bid-price notice
Snapshot
Rekor is a small roadway-technology company whose revenue grew to $48.5M in FY 2025 (up 5.3%) with a healthy 55.9% gross margin, but it lost $31.5M and burned $20.4M from operations.
What's Happening Right Now
- : On Oct 28, 2026, Florida DOT raised its contract ceiling with Rekor 94% to $9.5 million (only $4.9 million currently approved), and Nevada's Regional Transportation Commission selected Rekor Command for a traffic contract worth up to $1.54 million if renewal options are exercised.
- : Nasdaq granted Rekor a six-month extension, through about April 26, 2027, to regain compliance with the $1.00 minimum bid price rule, disclosed Oct 27, 2026; the stock continues trading on Nasdaq for now.
- : Rekor sued a former director in Delaware Chancery Court on Oct 19, 2026 over alleged fiduciary breaches tied to a December 2025 hedge fund financing, after an investigation flagged roughly 14% of shares accumulated through an unidentified beneficial owner and unusually high stock-borrow activity; the company notified the SEC and FINRA.
- : On Sep 3, 2026, Rekor terminated its two remaining long-term real estate leases (US and Israel), eliminating about $10 million in liabilities using $2.8 million in cash, and expects over $2 million in annual savings.
- : Rekor's Q2 2026 revenue was $12.7 million, up 2% YoY, with adjusted gross margin at 56% and adjusted EBITDA loss narrowing 79% to $1.2 million; management pointed to a 20% headcount cut and $10 million cash on hand, and said it expects adjusted EBITDA profitability in the second half of 2026.
- : Sold $22.35M net / 18.89M shares through its at-the-market program, as stated for Jan 1, 2025 to Dec 31, 2025.
- : Raised $15.00M in gross proceeds through a registered direct offering, with warrants over 8.57M shares.
- : Sold $4.65M net / 3.97M shares through its at-the-market program.
