Cost ManagementManagement is on pace to recognize the previously announced $15 million in annualized savings over the course of the year and continues to believe it can reach free cash flow breakeven in the near term.
International ExpansionThe international opportunity is promising and key hires are positioning Rekor to capitalize on demand for roadway data technologies across Europe.
PartnershipManagement remains confident in the value of the SoundThinking partnership, for which SoundThinking offers Rekor’s license plate reader system as part of the PlateRanger-branded offering.