Quarterly ResultMay 11, 2026, 04:07 PM
Rekor Systems Q1 Revenue +12%; Gross Margin 53%; EBITDA Loss Improves to $6.5M
AI Summary
Rekor Systems reported Q1 2026 financial results, with revenue increasing 12% year-over-year to $10.26 million and gross margin expanding to 53% from 48%. The company also significantly improved its Adjusted EBITDA loss to $6.5 million from $7.4 million in Q1 2025 and reduced cash used in operating activities by 54%. Additionally, Rekor announced its new GoSecure™ authentication system will launch in Q3 2026 and is evaluating options to refinance its existing Prime Revenue Sharing Notes to reduce capital costs.
Key Highlights
- Revenue grew 12% year-over-year to $10.26 million.
- Gross margin reached 53%, up from 48% in Q1 2025.
- Adjusted EBITDA loss improved to $6.5 million from $7.4 million.
- Cash used in operating activities improved by $4.3 million (54%).
- Headcount reduced by 16% (45 positions) from end of 2025.
- New GoSecure™ authentication system to launch in Q3 2026.
- Company is evaluating refinancing Prime Revenue Sharing Notes.