Rekor Systems Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’** EQUITY**
(Dollars in thousands, except share amounts)
| Shares of Common Stock | Common Stock | Shares of Treasury Stock | Treasury Stock at Cost | Additional Paid-In Capital | Accumulated Deficit | Total Stockholders' Equity | |
|---|---|---|---|---|---|---|---|
| Balance as of July 1, 2024 | 86,216,706 | $9 | 154,653 | $(702) | $273,941 | $(227,092) | $46,156 |
| Stock-based compensation | - | - | - | - | 1,148 | - | 1,148 |
| Issuance upon vesting of restricted stock units | 260,305 | - | - | - | - | - | - |
| Shares withheld upon vesting of restricted stock units | (4,867) | - | 4,867 | (9) | - | - | (9) |
| Issuance upon exercise of 2023 Warrants | 2,275,000 | - | - | - | 3,185 | - | 3,185 |
| Shares issued under the Prepaid Advance | 2,207,876 | - | - | - | 2,500 | - | 2,500 |
| Net loss | - | - | - | - | - | (12,646) | (12,646) |
| Balance as of September 30, 2024 | 90,955,020 | $9 | 159,520 | $(711) | $280,774 | $(239,738) | $40,334 |
| Balance as of July 1, 2023 | 61,952,211 | $6 | 91,491 | $(506) | $219,218 | $(176,793) | 41,925 |
| Stock-based compensation | - | - | - | - | 1,081 | - | 1,081 |
| Issuance upon exercise of stock options | 102,500 | - | - | - | 127 | - | 127 |
| Issuance upon vesting of restricted stock units | 183,389 | - | - | - | - | - | - |
| Shares withheld upon vesting of restricted stock units | (5,017) | - | 5,017 | (16) | - | - | (16) |
| Issuance upon exercise of Series A warrants | 31,525 | - | - | - | 32 | - | 32 |
| Issuance upon exercise of 2023 Registered Direct Offering Warrants | 6,872,853 | 1 | - | - | 10,995 | - | 10,996 |
| Net loss | - | - | - | - | - | (10,566) | (10,566) |
| Balance as of September 30, 2023 | 69,137,461 | $7 | 96,508 | $(522) | $231,453 | $(187,359) | $43,579 |
| Balance as of January 1, 2024 | 69,176,826 | $7 | 96,508 | $(522) | $232,568 | $(198,683) | $33,370 |
| Stock-based compensation | - | - | - | - | 3,430 | - | 3,430 |
| Issuance upon exercise of stock options | 3,500 | - | - | - | 3 | - | 3 |
| Issuance upon vesting of restricted stock units | 872,695 | - | - | - | - | - | - |
| Shares withheld upon vesting of restricted stock units | (63,012) | - | 63,012 | (189) | - | - | (189) |
| Shares issued as part of the ATD Acquisition | 2,832,135 | - | - | - | 8,893 | - | 8,893 |
| Retirement of the 2023 Promissory Notes | 750,000 | - | - | - | 1,875 | - | 1,875 |
| 2024 Public Offering | 11,500,000 | 1 | - | - | 26,361 | - | 26,362 |
| Issuance upon exercise of 2023 Warrants | 3,675,000 | 1 | - | - | 5,144 | - | 5,145 |
| Shares issued under the Prepaid Advance | 2,207,876 | - | - | - | 2,500 | - | 2,500 |
| Net loss | - | - | - | - | - | (41,055) | (41,055) |
| Balance as of September 30, 2024 | 90,955,020 | $9 | 159,520 | $(711) | $280,774 | $(239,738) | $40,334 |
| Balance as of January 1, 2023 | 54,405,080 | $5 | 41,522 | $(417) | $202,747 | $(152,998) | $49,337 |
| Stock-based compensation | - | - | - | - | 3,237 | - | 3,237 |
| Issuance upon exercise of stock options | 138,833 | - | - | - | 158 | - | 158 |
| Issuance upon vesting of restricted stock units | 871,303 | - | - | - | - | - | - |
| Fair value allocated to warrants with 2023 Promissory Notes | - | - | - | - | 5,125 | - | 5,125 |
| Shares withheld upon vesting of restricted stock units | (54,986) | - | 54,986 | (105) | - | - | (105) |
| Issuance upon exercise of Series A warrants | 31,525 | - | - | - | 32 | - | 32 |
| Issuance of common stock upon exercise of pre-funded warrants | 772,853 | - | - | - | 1 | - | 1 |
| Net proceeds from 2023 Registered Direct Offering | 6,100,000 | 1 | - | - | 9,158 | - | 9,159 |
| Issuance upon exercise of 2023 Registered Direct Offering Warrants | 6,872,853 | 1 | - | - | 10,995 | - | 10,996 |
| Net loss | - | - | - | - | - | (34,361) | (34,361) |
| Balance as of September 30, 2023 | 69,137,461 | $7 | 96,508 | $(522) | $231,453 | $(187,359) | $43,579 |
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