Rekor Systems reports preliminary Q3 revenue $13.9M-$14.3M

For Q3, the Company expects to report: adjusted EBITDA loss between $1.6 million and $1.9 million; and Gross margin between 61% and 65%. “Our Q-3 performance was strong,” said Eyal Hen, Chief Financial Officer at Rekor. “Expanding adoption of our data-as-a-service model, as well as software solutions, is driving operating leverage and improving economics. While quarterly results can vary with the timing of deployments and the start of DaaS contracts, the trend remains clear and positive for long-term shareholder value.”