CoverageForm 410-K10-Q8-K13D13G13F

REKR · Rekor Systems, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · REKR

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue-----$9.23M
Cost of Revenue-----$3.53M
Gross Profit-----$5.70M
R&D$14.60M$18.77M$18.27M$18.62M$8.29M$3.19M
SG&A$25.18M$30.68M$27.04M$26.61M$22.95M$12.12M
Total Operating Expenses$55.96M$77.01M$60.55M$94.81M$39.27M$17.55M
D&A$6.26M$9.49M$7.89M$6.42M$1.96M$382.0K
Operating Income($28.89M)($54.32M)($42.12M)($85.78M)($31.21M)($11.85M)
Interest Expense$2.30M$2.65M$3.60M$21.0K$89.0K$2.50M
Income Tax$42.0K$45.0K$32.0K($987.0K)($3.82M)$23.0K
Net Income($31.46M)($61.41M)($45.69M)($83.11M)($26.78M)($14.18M)
EPS - Basic($0.26)($0.71)($0.72)($0.66)--
EPS - Diluted------

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$16.57M$5.01M$15.38M$1.92M$25.80M$20.59M
Accounts Receivable$8.77M$7.23M$4.96M$3.24M$1.04M-
Inventory$3.07M$4.30M$3.06M$1.99M$1.19M$1.26M
Accounts Payable$4.36M$4.33M$5.14M$5.96M$7.09M$3.90M
Current Assets$30.73M$19.93M$25.34M$9.28M$30.68M$24.12M
Total Assets$85.39M$82.47M$92.15M$83.84M$125.88M$40.40M
Current Liabilities$29.09M$18.22M$17.24M$15.44M$13.82M$5.92M
Long-term Debt$15.00M$15.88M$26.02M--$0
Total Liabilities$42.52M$48.33M$58.78M$34.50M$24.79M$8.54M
Stockholders' Equity$42.87M$34.14M$33.37M$49.34M$101.09M$25.19M
Retained Earnings($291.55M)($260.09M)($198.68M)($153.00M)($69.88M)($43.05M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow($20.37M)($32.47M)($32.63M)($39.61M)($18.03M)($15.06M)
Investing Cash Flow($2.17M)($9.37M)$270.0K($8.39M)($47.37M)$5.19M
Financing Cash Flow$34.08M$31.45M$45.60M$23.87M$70.99M$29.02M
CapEx$2.53M$1.68M$1.39M$2.99M$6.27M$1.04M
Free Cash Flow($22.90M)($34.15M)($34.02M)($42.60M)($24.30M)($16.10M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin-----61.7%
Operating margin------128.3%
EBITDA margin------124.2%
Net margin------153.6%
Free cash flow margin------174.4%
FCF / Net income0.730.560.740.510.911.14
R&D / Revenue-----34.5%
SG&A / Revenue-----131.2%
Effective tax rate------
Return on assets-36.8%-74.5%-49.6%-99.1%-21.3%-35.1%
Return on equity-73.4%-179.9%-136.9%-168.5%-26.5%-56.3%
Return on invested capital-39.4%-85.8%-56.0%---37.2%
Liquidity
Current ratio1.061.091.470.602.224.08
Quick ratio0.950.861.290.472.133.86
Cash ratio0.570.280.890.121.873.48
Leverage
Debt / Equity0.350.470.78--0.00
Debt / Assets0.180.190.28--0.00
Debt / EBITDA------
Interest coverage-12.6x-20.5x-11.7x-4085.0x-350.7x-4.7x
Equity multiplier1.992.422.761.701.251.60
Liabilities / Assets0.500.590.640.410.200.21
Efficiency
Asset turnover-----0.23
Inventory turnover-----2.80
Days sales outstanding------
Days inventory outstanding-----131d
Days payable outstanding-----403d
Cash conversion cycle------
Valuation
P / E------
P / B------
P / S------
EV / EBITDA------
Growth
Revenue growth (YoY)------52.2%
Revenue CAGR (3y)------8.7%
Revenue CAGR (5y)------
Gross profit growth (YoY)------44.4%
Operating income growth (YoY)46.8%-29.0%50.9%-174.8%-163.5%-30.4%
Net income growth (YoY)48.8%-34.4%45.0%-210.3%-88.8%10.7%
EPS growth (YoY)------
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)32.9%-0.4%20.2%-75.3%-51.0%27.3%
FCF CAGR (5y)------
Book value growth (YoY)25.6%2.3%-32.4%-51.2%301.3%-

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

3/9
Weak
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • -No share dilution
  • -Gross margin improved
  • -Asset turnover improved

Peer comparison

Same SIC group: Communications Equipment, NEC

CompanyRevenue (last FY)Net marginROE
ESE$1.10B27.3%19.4%
LITE$1.65B1.6%2.3%
HEAR$319.91M4.9%12.2%
INSG$166.19M0.5%-20.7%
ITI$171.99M1.8%4.5%

Comparing Rekor Systems against the 5 most active filers in the same SIC group.