Rekor Systems, Inc. (NASDAQ: REKR) is a technology company specializing in intelligent infrastructure solutions for transportation management, public safety, and urban mobility. By leveraging artificial intelligence (AI) and machine learning, Rekor transforms video streams into actionable insights, enhancing roadway intelligence and urban mobility. The company's mission is to collect, connect, and organize mobility data, making it accessible and useful for real-time decision-making across various sectors.
Rekor's strategic focus centers on developing AI-driven platforms that provide comprehensive roadway intelligence. Key offerings include:
- Rekor One®: An AI-powered roadway intelligence platform that ingests vast amounts of data to deliver actionable insights.
- Rekor Command®: A cross-agency platform offering applications for traffic management centers, freeway service patrols, first responders, and maintenance crews.
- Rekor Discover®: A platform that automates analytics and provides insights into the movement of objects across roadways.
- Rekor Scout®: A platform that automates manual processes with collaborative solutions to accelerate reaction times to incidents and offenders.
These platforms utilize proprietary technologies such as computer vision, edge processing, pattern recognition, and predictive algorithms to transform data into intelligence. Rekor primarily targets markets in the United States and internationally, focusing on transportation management, public safety, and urban mobility sectors.
As of June 9, 2025, Rekor Systems' stock (NASDAQ: REKR) is trading at $1.365, with a market capitalization of approximately $104 million. The company reported revenues of $34.93 million for the fiscal year ending December 31, 2023, reflecting significant growth from previous years. However, Rekor also reported a net loss of $45.69 million for the same period.
In August 2021, Rekor acquired Israeli startup Waycare Technologies for $61 million. Waycare developed an AI-driven mobility platform for smart cities, enhancing Rekor's capabilities in traffic management and urban mobility.
Rekor's technological platform is distinguished by its proprietary AI and machine learning models that power all its solutions. The company's Rekor One® platform utilizes computer vision, edge processing, pattern recognition, and predictive algorithms to ingest trillions of data points from proprietary systems, third-party data providers, and existing infrastructure. This transformation of data into intelligence powers all of Rekor's platforms and applications.
The leadership team at Rekor Systems includes:
- David Philip Desharnais: President, Chief Operating Officer, and Chief Executive Officer.
- Robert Alan Berman: Founder and Executive Chairman.
- Eyal Hen, CPA: Chief Financial Officer.
- Christopher Kadoch: Chief Technology Officer.
- Mathew Anthony Hill: Chief Science Officer.
- Bulent S. Ozcan, CFA: Director of Investor Relations.
- Claud V. S. Eley: Outside General Counsel.
- Charles A. Degliomini: Executive Vice President of Government Relations and Corporate Communications.
- Debra Shakerdge-Hennessy: Chief People Officer.
- Riaz Latifullah: Executive Vice President of Strategic Program Development.
In November 2024, Anne Townsend resigned from her position as a member of the Board of Directors.
Rekor operates in a competitive landscape that includes companies such as TrafficVision, Blyncsy, and INRIX. These competitors also focus on AI-driven solutions for traffic management and urban mobility. For instance, INRIX provides traffic data and analytics services, while Blyncsy offers movement data intelligence for smart cities.
Rekor has established strategic collaborations to enhance its market position and innovation capacity. Notably, the company partnered with SoundThinking, Inc. to develop end-to-end public safety solutions.
Rekor's strategic roadmap focuses on expanding its AI-driven platforms and applications to new markets and sectors. The company's strengths in AI and machine learning position it to capitalize on the growing demand for intelligent infrastructure solutions in transportation management, public safety, and urban mobility.
For more information, visit Rekor Systems' official website.
