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 OPERATIONS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $9,198 | $9,778 |
| Cost of revenue, excluding depreciation and amortization | 4,761 | 5,285 |
| Operating expenses: | ||
| General and administrative expenses | 7,286 | 7,662 |
| Selling and marketing expenses | 1,757 | 2,414 |
| Research and development expenses | 3,977 | 5,001 |
| Depreciation and amortization | 1,556 | 2,332 |
| Total operating expenses | 14,576 | 17,409 |
| Loss from operations | (10,139) | (12,916) |
| Other income (expense): | ||
| Loss on extinguishment of debt | - | (4,693) |
| Interest expense, net | (590) | (1,054) |
| Other (expense) income | (145) | 49 |
| Total other expense | (735) | (5,698) |
| Net loss | $(10,874) | $(18,614) |
| Loss per common share | $(0.10) | $(0.24) |
| Weighted average shares outstanding | ||
| Basic and diluted | 106,815,912 | 78,894,017 |
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