Rekor Systems, Inc.

Rekor Systems, Inc. announced that its 2026 Annual Meeting of Stockholders, convened on May 15, 2026, was adjourned due to the absence of a quorum. The meeting has been reconvened for September 11, 2026, at 10:30 a.m. Eastern Time. It will be held both in person at the company's headquarters and virtually. The record date of March 25, 2026, and the matters to be voted upon remain unchanged, and previously submitted proxies will still be valid.

Rekor Systems reported a significant improvement in its first quarter 2026 financial results, with revenue increasing to $10.26 million and net loss narrowing to $9.36 million. The loss per common share also improved to $(0.07). Despite these operational improvements, the company disclosed a working capital deficit of $3.73 million and raised substantial doubt about its ability to continue as a going concern for the next twelve months, citing insufficient cash to fund current operations.

Rekor Systems reported its first quarter 2026 financial results, showing a 12% year-over-year revenue growth to $10.26 million and gross margin expansion to 53%. The company also improved its Adjusted EBITDA loss to $6.5 million and reduced cash used in operating activities by 54%. Rekor announced a 16% reduction in headcount and plans to launch its new video authentication product, GoSecure™, in Q3 2026, while also exploring options to refinance its debt.

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.

Rekor Systems, Inc. announced an agreement in principle with the Oklahoma District Attorneys Council (OKDAC) to continue as the technology partner for its Uninsured Vehicle Enforcement Diversion (UVED) Program. The multi-year agreement, valued at $16.8 million, highlights Rekor's successful role since 2020 in significantly improving Oklahoma's uninsured motorist rates. This contract is expected to add a substantial, long-term recurring revenue stream to Rekor's portfolio.

Rekor Systems, Inc. received a notice from Nasdaq for non-compliance with the minimum bid price requirement of $1.00 per share. The company's common stock traded below this threshold for 30 consecutive business days. Rekor has 180 calendar days, until October 26, 2026, to regain compliance. The company plans to monitor its stock price and consider options, including a reverse stock split, to meet the requirement.

Rekor Systems, Inc. announced it will release its first quarter 2026 financial results on Monday, May 11, 2026, after market close. The company will host an earnings conference call on the same day at 4:30 p.m. Eastern Time to discuss the financial and operating results. Replay information will be available online for two weeks following the live call.