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REKR
Upturn stock ratingUpturn stock rating

Rekor Systems Inc (REKR)

Upturn stock ratingUpturn stock rating
$0.82
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

04/22/2025: REKR (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -29.52%
Avg. Invested days 24
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/22/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 108.15M USD
Price to earnings Ratio -
1Y Target Price 4
Price to earnings Ratio -
1Y Target Price 4
Volume (30-day avg) 3460160
Beta 2.08
52 Weeks Range 0.62 - 2.67
Updated Date 04/25/2025
52 Weeks Range 0.62 - 2.67
Updated Date 04/25/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.71

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -133.42%
Operating Margin (TTM) -58.12%

Management Effectiveness

Return on Assets (TTM) -31.18%
Return on Equity (TTM) -181.93%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 130504807
Price to Sales(TTM) 2.35
Enterprise Value 130504807
Price to Sales(TTM) 2.35
Enterprise Value to Revenue 2.84
Enterprise Value to EBITDA -5.79
Shares Outstanding 110912000
Shares Floating 96886251
Shares Outstanding 110912000
Shares Floating 96886251
Percent Insiders 5.43
Percent Institutions 42.7

Analyst Ratings

Rating 5
Target Price 4
Buy -
Strong Buy 2
Buy -
Strong Buy 2
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Rekor Systems Inc

stock logo

Company Overview

overview logo History and Background

Rekor Systems, Inc. (formerly known as Novume Solutions, Inc.) was founded in 2017. It focuses on developing and deploying advanced vehicle recognition systems using AI-powered technology. The company has grown through acquisitions and organic development to offer solutions for public safety, traffic management, and commercial applications.

business area logo Core Business Areas

  • Automatic License Plate Recognition (ALPR): Rekor's core business revolves around ALPR technology, providing real-time vehicle identification for various applications, including law enforcement, parking management, and tolling.
  • Vehicle Recognition: Beyond license plates, Rekor's systems can identify vehicle attributes like make, model, and color. They provide vehicle recognition for various solutions.
  • Data and Analytics: Rekor offers data analytics services based on the vehicle data collected, providing insights for traffic patterns, security risks, and operational efficiency.

leadership logo Leadership and Structure

Robert Berman is the CEO of Rekor Systems Inc. The company has a board of directors overseeing its operations and strategic direction. The organizational structure is divided into departments focusing on technology, sales, marketing, and finance.

Top Products and Market Share

overview logo Key Offerings

  • Rekor One: A comprehensive vehicle recognition platform that processes vehicle data for various applications. Revenue data specifically for 'Rekor One' is not publicly isolated, but it contributes significantly to overall company revenue. Competitors: Genetec, Motorola Solutions, Neology.
  • Watchman: A vehicle recognition system designed for security and law enforcement applications. Specific market share data is not publicly available, but it is a key product in the public safety sector. Competitors: Vigilant Solutions, Flock Safety.

Market Dynamics

industry overview logo Industry Overview

The intelligent transportation systems (ITS) market is experiencing rapid growth, driven by increasing urbanization, traffic congestion, and the need for enhanced security. The market is moving towards greater AI integration.

Positioning

Rekor Systems Inc. positions itself as a provider of comprehensive vehicle recognition solutions. Their competitive advantage lies in their AI-powered technology and ability to offer integrated data analytics.

Total Addressable Market (TAM)

The global intelligent transportation systems market is projected to reach hundreds of billions of dollars in the next few years. Rekor is positioned to capitalize on the TAM through expansion of their product offerings. The TAM is estimated to reach over 366.4 billion USD by 2029.

Upturn SWOT Analysis

Strengths

  • AI-powered technology
  • Comprehensive vehicle recognition platform
  • Integrated data analytics capabilities
  • Focus on recurring revenue streams
  • Established presence in public safety

Weaknesses

  • Relatively small market capitalization
  • Reliance on government contracts
  • Limited brand recognition compared to larger competitors
  • History of net losses.

Opportunities

  • Expanding into new geographic markets
  • Developing new applications for vehicle recognition technology
  • Forming strategic partnerships
  • Leveraging increasing demand for ITS solutions
  • Government funding for transportation infrastructure and technology

Threats

  • Intense competition from larger companies
  • Rapid technological advancements
  • Changing regulatory landscape
  • Economic downturn
  • Data privacy concerns

Competitors and Market Share

competitor logo Key Competitors

  • MSI
  • ISSC
  • FLIR

Competitive Landscape

Rekor Systems Inc. faces competition from larger, more established companies. However, it differentiates itself through its AI-powered technology and integrated data analytics.

Major Acquisitions

OpenALPR

  • Year: 2019
  • Acquisition Price (USD millions): 25
  • Strategic Rationale: Acquisition of OpenALPR enhanced Rekor's ALPR technology and expanded its customer base.

Growth Trajectory and Initiatives

Historical Growth: Rekor Systems Inc. has experienced significant revenue growth in recent years, driven by increased adoption of its vehicle recognition solutions.

Future Projections: Analyst estimates suggest continued revenue growth for Rekor Systems Inc., driven by the expanding ITS market and the company's strategic initiatives.

Recent Initiatives: Recent initiatives include expanding into new markets, launching new product features, and forming strategic partnerships.

Summary

Rekor Systems is a company in a high-growth market, and it is experiencing good revenue growth. However, profitability and brand recognition pose challenges. The company's AI-powered technology is a key strength, but it needs to navigate competition and data privacy concerns. Future success hinges on strategic partnerships and successful market expansion. Rekor's technology has potential, but execution is critical.

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Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Press Releases
  • Analyst Reports
  • Industry Publications

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It should not be considered financial advice. Market share data is an estimate and may not be precise. Future performance is subject to various risks and uncertainties.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Rekor Systems Inc

Exchange NASDAQ
Headquaters Columbia, MD, United States
IPO Launch date 2017-08-29
Founder, Interim CEO & Executive Chairman Mr. Robert Alan Berman
Sector Technology
Industry Software - Infrastructure
Full time employees 319
Full time employees 319

Rekor Systems, Inc. provides infrastructure solutions for public safety, urban mobility, and transportation management markets in the United States and internationally. The company offers Rekor One, a roadway intelligence engine; Rekor Command for transportation management; Rekor Discover for urban mobility; Rekor Scout for public safety; Rekor AutoNotice, cloud-based financial management application for contactless compliance; and Rekor CarCheck, an AI based vehicle and license plate recognition technology. It also provides Rekor Edge Max System, a fixed traffic data collection system that captures and transforms roadway data into holistic traffic insights; Rekor Edge Pro, a vehicle recognition solution that is used on a standalone basis or integrated into a network; and Rekor Edge Flex, a portable data collection system. In addition, the company provides traffic services, including traditional traffic studies for permanent and temporary traffic analytics projects; AI-driven traffic studies for traffic management; and traffic engineering services. Rekor Systems, Inc. was incorporated in 2017 and is headquartered in Columbia, Maryland.

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