Rekor Systems, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 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 BALANCE SHEETS
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share and per share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $3,158 | $5,013 |
| Restricted cash | 253 | 316 |
| Accounts receivable, net of allowance for credit losses of $600 and $486, respectively | 12,320 | 7,232 |
| Inventory | 3,885 | 4,297 |
| Note receivable, current portion | 255 | 340 |
| Other current assets | 2,590 | 2,732 |
| Total current assets | 22,461 | 19,930 |
| Long-term assets | ||
| Property and equipment, net | 10,192 | 11,048 |
| Right-of-use operating lease assets, net | 7,651 | 9,348 |
| Right-of-use financing lease assets, net | 1,925 | 2,317 |
| Goodwill | 24,313 | 24,313 |
| Intangible assets, net | 13,550 | 14,450 |
| Note receivable, long-term | - | 142 |
| Deposits | 887 | 927 |
| Total long-term assets | 58,518 | 62,545 |
| Total assets | $80,979 | $82,475 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | 3,763 | 4,330 |
| Notes payable, current portion | - | 1,000 |
| Loan payable, current portion | 82 | 79 |
| Lease liability operating, short-term | 2,093 | 2,310 |
| Lease liability financing, short-term | 908 | 900 |
| Contract liabilities | 4,093 | 3,439 |
| Liability for ATD Holdback Shares, at fair value | - | 1,036 |
| Other current liabilities | 4,563 | 5,129 |
| Total current liabilities | 15,502 | 18,223 |
| Long-term Liabilities | ||
| Series A Prime Revenue Sharing Notes, net of debt discount of $165 and $263, respectively | 9,835 | 9,737 |
| Series A Prime Revenue Sharing Notes - related party, net of debt discount of $82 and $132, respectively | 4,918 | 4,868 |
| Loan payable, long-term | 133 | 194 |
| Lease liability operating, long-term | 11,168 | 12,371 |
| Lease liability financing, long-term | 773 | 977 |
| Contract liabilities, long-term | 1,500 | 1,298 |
| Deferred tax liability | 79 | 79 |
| Other non-current liabilities | 587 | 587 |
| Total long-term liabilities | 28,993 | 30,111 |
| Total liabilities | 44,495 | 48,334 |
| Commitments and contingencies (Note 8) | ||
| Stockholders' equity | ||
| Preferred stock, $0.0001 par value, 2,000,000 authorized, 505,000 shares designated as Series A and 240,861 shares designated as Series B as of September 30, 2025 and December 31, 2024, respectively. No preferred stock was issued or outstanding as of September 30, 2025 or December 31, 2024, respectively. | - | - |
| Common stock, $0.0001 par value; 300,000,000 authorized shares; 126,990,085 and 104,700,593 shares issued as of September 30, 2025 and December 31, 2024, respectively; 126,689,228 and 104,541,073 shares outstanding as of September 30, 2025 and December 31, 2024, respectively. | 12 | 10 |
| Treasury stock, 300,857 and 159,520 shares as of September 30, 2025 and December 31, 2024, respectively. | (873) | (711) |
| Additional paid-in capital | 321,119 | 294,935 |
| Accumulated deficit | (283,774) | (260,093) |
| Total stockholders’ equity | 36,484 | 34,141 |
| Total liabilities and stockholders’ equity | $80,979 | $82,475 |
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