Rekor Systems — Third Quarter 2026 Earnings Summary

Rekor Systems reported a net loss of $2.9 million for the third quarter of 2026, narrowing from $4.1 million in the prior year period, while recurring revenue grew 16% to $7.5 million. The company reduced its nine-month operating cash use by 49% to $10.6 million following a major rightsizing initiative that eliminated approximately $9.7 million in lease liabilities. Recent business developments include a potential $1.4 million five-year contract with the Oregon Department of Transportation and a 94% increase in the contract ceiling with the Florida Department of Transportation. Additionally, Rekor expanded its Born Authentic product line to include audio authentication and is actively pursuing refinancing for its $15 million Series A Prime Revenue Sharing Notes due in December 2026.