Cost Optimization Success
Achieved a $2 million improvement in adjusted EBITDA loss due to meaningful reductions in operating expenses. Continuing efforts to streamline costs with initiatives like workforce realignment and voluntary compensation reductions.
Recurring Revenue Stability
Despite overall revenue decline, recurring revenue totaled $5.1 million for Q1 2025, marking a modest 3% increase from Q1 2024.
Improved Gross Margin
Adjusted gross margin for Q1 2025 was 48.2%, up from 46% in the same period last year, driven by a higher mix of margin accretive offerings.
New General Manager Structure
Rekor is implementing a new GM structure to enhance customer focus, accountability, and scalable growth, positioning the company for improved performance and market penetration.