U.S. markets closed

Rekor Systems, Inc. (REKR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
11.08+0.50 (+4.73%)
At close: 4:00PM EST

10.90 -0.18 (-1.62%)
After hours: 5:22PM EST

Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
MACD

MACD

Previous Close10.58
Open10.17
Bid10.97 x 1400
Ask10.90 x 900
Day's Range10.09 - 11.29
52 Week Range2.35 - 11.65
Volume974,434
Avg. Volume601,183
Market Cap365.355M
Beta (5Y Monthly)1.81
PE Ratio (TTM)N/A
EPS (TTM)-0.75
Earnings DateNov 09, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • ACCESSWIRE

    Rekor Systems Robert A. Berman Featured at NobleCon17

    Company's Chief Executive Officer to present on Tuesday, January 19, 2021COLUMBIA, MD / ACCESSWIRE / January 19, 2021 / Rekor (NASDAQ:REKR) ("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced that its President and Chief Executive Officer, Robert A. Berman, will present at NobleCon17 - Noble Capital Markets' Seventeenth Annual Small and Microcap Investor Conference on Tuesday, January 19, 2021, at 2:15pm Eastern Standard Time.

  • Rekor Redefines Privacy, Security and Sharing for License Plate Data for Commercial and Government Users
    GlobeNewswire

    Rekor Redefines Privacy, Security and Sharing for License Plate Data for Commercial and Government Users

    Company adds new features, greatly expands existing capabilities on its AI-based platform now called Rekor Scout™COLUMBIA, Md., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Rekor Systems, Inc., (NASDAQ: REKR) (“Rekor”) (the “Company”) a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced that it released a major update to its automatic license plate and vehicle recognition software, Rekor Scout, formerly known as Rekor Watchman. Known for its ability to turn nearly any IP, traffic, or security camera into an AI-powered vehicle recognition system, the new version of Scout adds extensive new privacy, security and sharing controls for its commercial and government users. “With growing concerns over data privacy worldwide, it’s no surprise that we need to continually innovate our solutions to meet customer needs far into the future,” said Chris Kadoch, CTO, Rekor. “This version of our Scout software makes generational leaps in enabling commercial and government customers to take highly granular control over security, privacy and sharing settings to comply with their own policies and outside mandates. This sets a new bar in privacy and security in the use of license plate recognition.”Policy-Driven Retention In response to recent and increasing concerns about license plate privacy, Scout now allows customers to define how long the vehicle information and license plate image will be retained based on their own privacy, data retention and data management policies dependent on the severity and class of infraction. Agencies and enterprises can set policy and severity-based auto-retention policies for every individual type of data capture rather than the traditional “blanket” time-based model. For instance, the retention policy for “felony offenders” can be set to a longer period than that for “misdemeanors,” and plate reads that are not associated with an offense can be different still -- perhaps even not retained at all.Enhanced Sharing and Privacy Controls Following the general theme of providing the individual enterprise or agency more control of their data, Scout delivers three key means to share and control who has access to data:1)Rekor Public Safety Network (RPSN): For government agencies and law enforcement that want to securely share their Automatic License Plate Recognition (ALPR) data with other jurisdictions, the RPSN is an extensive network of Rekor clients that opt-in to contribute to and/or access a global database of information. It serves as an open data sharing infrastructure for the global public sector and speeds collaboration for cross-jurisdictional investigations such as Amber Alerts.    2)Peer-to-Peer Sharing: Transferring data to a “global database” inherently introduces some loss of direct control over data retention and usage. Consequently, Rekor Scout provides a peer-to-peer (federated) secure search that allows government agencies and enterprises to define sharing relationships so that data can be shared without the need to transfer it to an external data lake. This type of federated search model allows agencies to define who may search their data, and the searchability of data can be further restricted to specific cameras using defined and secure pathways.    3)Rekor’s Open API: Unlike competitive products in the market, Rekor takes a different approach to data sharing. At Rekor, we believe the customer truly owns their data—which is why we created an open API, wherein an agency can send data to and receive data from any 3rd party system that they choose (provided the party is accepting). As an example, an agency can now forward reads to virtually any willing 3rd party system or seamlessly accept reads using an API specifically for law enforcement. They can also share ALPR data to a separate application such as one that publishes the real-time availability of parking spots to assist local government in the coordination of a regional approach to parking management. Enhanced Situational Awareness Rekor Scout software brings real-time video access to the thousands of current roadside ALPR systems to increase situational awareness throughout a region. The Rekor Edge series of vehicle recognition hardware allows both “near real-time” streaming from the edge through its Scout interface for situational awareness, as well as an optional 30-day archival video record of roadway activity to support investigations.The new version of Scout is even easier to use and implement with simplified user account creation and management, effectively reducing administrative workload.Rekor Scout is available immediately to all current Rekor public sector and commercial customers at a cost between $49 and $79 per month depending on local or cloud implementation. New customers can try the software for free for 14 days. Scout is also available with baseline features to homeowners and smaller business for just $5 a month. Learn more about Rekor Scout at https://www.openalpr.com/software/scout.About Rekor Systems, Inc.Rekor (Nasdaq: REKR) is a Maryland-based company providing real-time roadway intelligence through AI-driven decisions. Rekor provides commercial and government customers with actionable, real-time vehicle recognition data to enable informed decisions to be made faster and provide better outcomes. Rekor is transforming industries like Public Safety, Customer Experience and Smart Cities in more than 70 countries across the globe with smarter, quicker, cost-competitive vehicle recognition solutions for security, revenue discovery and recovery, public safety, electronic toll collection, brand loyalty, parking operations, logistics, and traffic management. We use the power of artificial intelligence to analyze video streams and transform them into AI-driven decisions by our clients. Our machine learning software can turn most IP cameras into highly accurate and affordable vehicle recognition devices used to help protect lives, increase brand loyalty and enhance operations and logistics, without the need to install expensive new infrastructure. We make what was once considered impossible, possible. To learn more please visit our website: https://rekor.ai.Forward-Looking StatementsThis press release includes statements concerning Rekor Systems, Inc. and its future expectations, plans and prospects that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. Important factors that could have such a result include a decline or weakness in general economic conditions, an outbreak of hostilities, the ongoing pandemic and responses thereto related to COVID-19, a decline or volatility in the securities markets or regulatory changes or other adverse developments with respect to the markets for the Company’s products and services or an inability to obtain adequate financing. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise. CONTACT: Media Contact: Robin Bectel REQ for Rekor Systems rekor@req.co Investor Contact: Charles Degliomini Rekor Systems, Inc. ir@rekor.ai

  • Oklahoma Kicks Off Use of Rekor’s Vehicle Recognition Technology to Power Uninsured Vehicle Enforcement Program
    GlobeNewswire

    Oklahoma Kicks Off Use of Rekor’s Vehicle Recognition Technology to Power Uninsured Vehicle Enforcement Program

    Company launches state-wide program in just 61 days Program identifies non-compliant vehicles, connects motorists to affordable insuranceCOLUMBIA, Md., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Rekor Systems, Inc., (NASDAQ: REKR) (“Rekor”) (the “Company”) a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced that the State of Oklahoma has integrated the Company’s Rekor One™ platform across relevant state systems to provide vehicle information associated with uninsured motorists as part of the state’s Uninsured Vehicle Enforcement Diversion (UVED) Program, which is operated by the Oklahoma District Attorneys Council.Oklahoma’s UVED Program uses Rekor's vehicle recognition technology to leverage existing state resources to ensure that all drivers have at least the minimum required amount of liability insurance, ultimately leading to safer roadways. The platform allows for real-time detection of non-compliant vehicles and instant data consolidation into a regularly updating insurance system connected to the state’s enforcement and intervention programs. Rekor will assist Oklahoma drivers by providing a one-stop web portal for uninsured motorists to easily find non-standard and standard insurance for their vehicle.“Since its launch in 2018, the goal of the UVED Program has always been to help Oklahomans, both by increasing compliance and by facilitating access to fair and affordable auto insurance for all,” said Amanda Arnall Couch, Program Director. “Nationwide studies have estimated that up to 26 percent of vehicles traveling on Oklahoma roads are uninsured, a situation that leaves all motorists at risk. Through innovative, focused, and customized solutions, Rekor has addressed the systemic challenges that plagued UVED for two years and has managed to make this program an operational and functioning reality in less than two months.”Rekor’s technology will assist the State of Oklahoma in identifying uninsured vehicles on the road, and once identified, the enforcement division will issue a “Notice to Respond,'' encouraging a vehicle owner to get insurance and comply with the law. Otherwise, uninsured motorists cited on the road by police officers can face stiff penalties, including fines, imprisonment, license plate confiscation and/or reinstatement fees.A motorist enters the UVED Program by acquiring insurance and paying a $174 enrollment fee, thereby avoiding the possibility of criminal charges, associated penalties, and a permanent mark on their driving record.“Oklahoma has hundreds of thousands of uninsured motorists on the road right now, which has huge safety and financial implications for the state and its citizens,” said Robert Berman, president and CEO, Rekor. “Rekor One is a single turnkey solution that Rekor can deliver cost-effectively and quickly to any state. It provides all the technology they need, with a high level of data security, to identify uninsured vehicles and take effective measures to ensure compliance.”According to data derived from the  Insurance Information Institute, nearly one in eight drivers in the U.S. are uninsured, which puts all drivers at greater risk in the event of an accident. In addition to the burden on other drivers, states are deprived of a significant amount of tax revenue from insurance premiums that should be paid by millions of vehicle owners and are used to fund infrastructure and other investments.All drivers involved in accidents with an uninsured motorist are burdened with the cost of property damage and medical bills, and insured drivers are further saddled with higher premiums to cover those costs.“The Oklahoma UVED Program is among the first in the country – and something we anticipate will catch on quickly in other states,” said Charles Degliomini, Rekor’s Executive Vice President of Government Relations. “States are doing everything they can to navigate an incredibly challenging revenue environment right now. In fact, we’re in discussion with a number of other states who are interested in leveraging vehicle recognition capabilities in similar revenue-generating ways. The Rekor One platform can be shared among state agencies to support additional community safety, intelligent roadway and revenue generation activities – making wise use of tax dollars.”About Rekor Systems, Inc.Rekor (Nasdaq: REKR) is a Maryland-based company providing real-time roadway intelligence through AI-driven decisions. Rekor provides commercial and government customers with actionable, real-time vehicle recognition data to enable informed decisions to be made faster and provide better outcomes. Rekor is transforming industries like Public Safety, Customer Experience and Smart Cities in more than 70 countries across the globe with smarter, quicker, cost-competitive vehicle recognition solutions for security, revenue discovery and recovery, public safety, electronic toll collection, brand loyalty, parking operations, logistics, and traffic management. We use the power of artificial intelligence to analyze video streams and transform them into AI-driven decisions by our clients. Our machine learning software can turn most IP cameras into highly accurate and affordable vehicle recognition devices used to help protect lives, increase brand loyalty and enhance operations and logistics, without the need to install expensive new infrastructure. We make what was once considered impossible, possible. To learn more please visit our website: https://rekor.ai.Forward-Looking StatementsThis press release includes statements concerning Rekor Systems, Inc. and its future expectations, plans and prospects that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. Important factors that could have such a result include a decline or weakness in general economic conditions, an outbreak of hostilities, the ongoing pandemic and responses thereto related to COVID-19, a decline or volatility in the securities markets or regulatory changes or other adverse developments with respect to the markets for the Company’s products and services or an inability to obtain adequate financing. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.Media Contact: Emily Burdeshaw REQ for Rekor Systems rekor@req.co Investor Contact: Charles Degliomini Rekor Systems, Inc. ir@rekor.ai