Rekor Systems ( (REKR) ) just unveiled an update.
Rekor Systems announced the resignation of CEO David Desharnais, effective March 14, 2025, as part of a strategic realignment to improve financial performance and accelerate growth. The company reported a projected 30% increase in full-year 2024 revenue, driven by cost reduction efforts and a focus on its Rekor Scout and Discover product lines. These initiatives aim to enhance cash flow and reduce reliance on external capital, positioning Rekor for domestic and international expansion.
More about Rekor Systems
Rekor Systems, Inc. is a leader in developing and implementing advanced roadway intelligence systems using AI-enabled computer vision and machine learning. The company focuses on digital infrastructure, collecting and organizing mobility data to create a digitally-enabled operating system for roadways. Rekor’s solutions aim to provide actionable insights for governments and businesses, enhancing safety, efficiency, and environmental sustainability.
YTD Price Performance: -37.36%
Average Trading Volume: 9,022,898
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $114.9M
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