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.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 income | 0.73 | 0.56 | 0.74 | 0.51 | 0.91 | 1.14 |
| 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 ratio | 1.06 | 1.09 | 1.47 | 0.60 | 2.22 | 4.08 |
| Quick ratio | 0.95 | 0.86 | 1.29 | 0.47 | 2.13 | 3.86 |
| Cash ratio | 0.57 | 0.28 | 0.89 | 0.12 | 1.87 | 3.48 |
| Leverage | ||||||
| Debt / Equity | 0.35 | 0.47 | 0.78 | - | - | 0.00 |
| Debt / Assets | 0.18 | 0.19 | 0.28 | - | - | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -12.6x | -20.5x | -11.7x | -4085.0x | -350.7x | -4.7x |
| Equity multiplier | 1.99 | 2.42 | 2.76 | 1.70 | 1.25 | 1.60 |
| Liabilities / Assets | 0.50 | 0.59 | 0.64 | 0.41 | 0.20 | 0.21 |
| 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
Comparing Rekor Systems against the 5 most active filers in the same SIC group.