Contract WinsRekor announced the largest multiyear contract in company history with Georgia DOT to use Rekor’s Discover platform, expected to generate $50 million in revenue over seven years, with potential to increase to $100 million.
Financial Performance ImprovementThird-quarter EBITDA loss was significantly reduced to $1.5 million compared to a loss of $9.2 million in the prior-year period, showcasing improved financial performance.
Revenue GrowthRekor reported third-quarter revenue of $14.2 million, surpassing the consensus of $11.0 million, indicating strong revenue growth.