Contracts And PartnershipsThe announcement of the largest award in company history with Georgia DOT to use Rekor’s Discover platform is expected to generate $50 million in revenue over seven years with the potential to increase to $100 million.
EarningsShares are indicating up more than 13% to $2.37 after Rekor preannounced third-quarter revenue, adjusted EBITDA, and gross margin all better than consensus.
Revenue GrowthRekor expects third-quarter revenue to be between $13.9 and $14.3 million, a record for quarterly revenue and above consensus of $12.5 million.