Rekor Systems Inc

For the period ended Sep 30, 2024. Filed Nov 14, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 14, 2024

REKR$0.32-8.0%Stored close · as of Nov 10, 2026

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Contents

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except share and per share amounts)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenue	$10,546	$9,119	$32,751	$23,867
Cost of revenue, excluding depreciation and amortization	5,903	4,320	16,964	11,319
Operating expenses:
General and administrative expenses	8,637	6,871	23,669	19,941
Selling and marketing expenses	1,721	1,498	6,156	5,441
Research and development expenses	4,740	4,270	14,732	14,011
Depreciation and amortization	2,399	1,963	7,075	5,925
Total operating expenses	17,497	14,602	51,632	45,318
Loss from operations	(12,854)	(9,803)	(35,845)	(32,770)
Other income (expense):
(Loss) gain on extinguishment of debt	-	-	(4,693)	527
Interest expense, net	(496)	(906)	(2,094)	(2,576)
Gain on remeasurement of ATD Holdback Shares	192	-	937	-
Loss on offering costs - Prepaid Advance	(888)	-	(888)	-
Gain on the sale of Global Public Safety	1,500	-	1,500	-
Other (expense) income	(100)	143	28	458
Total other income (expense)	208	(763)	(5,210)	(1,591)
Net loss	$(12,646)	$(10,566)	$(41,055)	$(34,361)
Loss per common share	$(0.14)	$(0.16)	$(0.49)	$(0.56)
Weighted average shares outstanding
Basic and diluted	89,285,197	66,671,622	84,397,568	61,125,035

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.