Rekor Systems Inc
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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.
Mar 31, 2025 · Filed May 14, 2025
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 CASH FLOWS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(10,874) | $(18,614) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Bad debt expense | 50 | 30 |
| Depreciation | 951 | 974 |
| Amortization of right-of-use lease asset | 305 | 186 |
| Non-cash operating lease expense | 283 | 219 |
| Share-based compensation | 1,370 | 1,167 |
| Amortization of debt discount | 49 | 399 |
| Amortization of intangible assets | 300 | 1,172 |
| Loss due to the remeasurement of the STS Earnout and Contingent Consideration, net | - | 100 |
| Loss on extinguishment of debt | - | 4,693 |
| Loss due to the remeasurement of ATD Holdback Shares | 120 | - |
| Loss on financing lease abandonment | 4 | - |
| Loss on sale of property and equipment | 16 | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (400) | 566 |
| Inventory | (98) | (427) |
| Other current assets | (517) | (208) |
| Deposits | 75 | 7 |
| Accounts payable, accrued expenses and other current liabilities | (92) | 1,236 |
| Contract liabilities | 1,044 | 996 |
| Lease liability | (665) | (382) |
| Net cash used in operating activities | (8,079) | (7,886) |
| Cash Flows from Investing Activities: | ||
| Capital expenditures | (349) | (161) |
| Proceeds from the sale of property and equipment | 12 | - |
| Cash paid for ATD acquisition, net | - | (8,969) |
| Net cash used in investing activities | (337) | (9,130) |
| Cash Flows from Financing Activities: | ||
| Proceeds from 2025 Sales Agreement, net | 7,659 | - |
| Proceeds from the public offering | - | 26,362 |
| Repayment of 2023 Promissory Notes | - | (12,500) |
| Proceeds from notes receivable | 85 | 57 |
| Payments related to financing leases | (236) | (150) |
| Repayments of loans payable | (19) | (19) |
| Repurchases of common stock upon vesting of restricted stock units | (93) | (180) |
| Net cash provided by financing activities | 7,396 | 13,570 |
| Net decrease in cash, cash equivalents and restricted cash and cash equivalents | (1,020) | (3,446) |
| Cash, cash equivalents and restricted cash at beginning of period | 5,329 | 15,713 |
| Cash, cash equivalents and restricted cash at end of period | $4,309 | $12,267 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents at end of period | $3,851 | $11,881 |
| Restricted cash and cash equivalents at end of period | 458 | 386 |
| Cash, cash equivalents and restricted cash at end of period | $4,309 | $12,267 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.