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 STATEMENTS OF CASH FLOWS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(23,681) | $(41,055) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Bad debt expense | 147 | 945 |
| Depreciation | 2,848 | 2,916 |
| Amortization of right-of-use financing lease asset | 914 | 650 |
| Non-cash operating lease expense | 749 | 699 |
| Share-based compensation | 2,670 | 3,430 |
| Amortization of debt discount | 148 | 492 |
| Amortization of intangible assets | 900 | 3,509 |
| Loss due to the remeasurement of the STS Earnout and Contingent Consideration, net | 100 | 100 |
| Loss (gain) on remeasurement of ATD Holdback Shares | 120 | (937) |
| Gain on sale of property and equipment | (11) | (18) |
| Loss on financing lease abandonment | 4 | - |
| Gain on the sale of Global Public Safety | - | (1,500) |
| Loss on extinguishment of debt | - | 4,693 |
| Loss on the remeasurement of Prepaid Advance | - | 21 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (5,235) | 465 |
| Inventory | 453 | (308) |
| Other current assets | 134 | 186 |
| Deposits | 40 | 220 |
| Accounts payable, accrued expenses and other current liabilities | (1,266) | (699) |
| Contract liabilities | 856 | (657) |
| Lease liability | (472) | (704) |
| Net cash used in operating activities | (20,582) | (27,552) |
| Cash Flows from Investing Activities: | ||
| Capital expenditures | (2,067) | (862) |
| Proceeds from the sale of property and equipment | 86 | 23 |
| Proceeds from the sale of Global Public Safety | - | 1,500 |
| Cash paid for ATD acquisition, net | - | (9,222) |
| Net cash used in investing activities | (1,981) | (8,561) |
| Cash Flows from Financing Activities: | ||
| Proceeds from 2025 Sales Agreement, net | 22,350 | - |
| Proceeds from public offering | - | 26,362 |
| Net proceeds from the Prepaid Advance | - | 14,100 |
| Proceeds from notes receivable | 227 | 255 |
| Net proceeds from exercise of options | 10 | 3 |
| Net proceeds from exercise of warrants | - | 5,145 |
| Payments related to financing leases | (722) | (753) |
| Repayments of loans payable | (58) | (56) |
| Repurchases of common stock | (162) | (189) |
| Repayment of STS Notes | (1,000) | (1,000) |
| Repayment of 2023 Promissory Notes | - | (12,500) |
| Net cash provided by financing activities | 20,645 | 31,367 |
| Net decrease in cash, cash equivalents and restricted cash | (1,918) | (4,746) |
| Cash, cash equivalents and restricted cash at beginning of period | 5,329 | 15,713 |
| Cash, cash equivalents and restricted cash at end of period | $3,411 | $10,967 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents at end of period | $3,158 | $10,602 |
| Restricted cash and cash equivalents at end of period | 253 | 365 |
| Cash, cash equivalents and restricted cash at end of period | $3,411 | $10,967 |
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