Rekor has reported its unaudited financial results for the third quarter of 2020.
Rekor has proven success delivering innovative technology to global clients in the government and commercial sectors to enable faster and more informed decisions.
Rekor has successfully enabled hundreds of organizations across countless industries to achieve their goals.
Rekor’s AI-driven hardware and software solutions provide unparalleled data, performance, and capability.
Rekor’s technology is deployed and operates in more than 70 countries on over 9,000 lanes of traffic.
Rekor's AI-driven vehicle recognition allows retailers to conduct safe and efficient contactless transactions. Customized dashboards provide real-time customer insights to help drive personalized experiences and make businesses more profitable.
Rekor provides businesses and property managers with actionable, real-time data to enable informed decisions and automate operations. Through secure and intelligently integrated solutions, users can increase security, manage customer churn, and improve revenue opportunities.
With a client-base that includes the United States Department of Defense, Swedish Customs, major metropolitan cities, local law enforcement agencies, and more, Rekor's real-time intelligence helps municipalities and communities become smarter and more efficient while deterring and solving crimes.
State-of-the-art roadway intelligence is made possible by Rekor One. By serving multiple missions from a single source, Rekor One provides actionable data that helps cities, counties and states improve infrastructure, increase safety and generate revenue.
Rekor has reported its unaudited financial results for the third quarter of 2020. Since January 2020, Rekor has been selected by various resellers and formed partnerships with various companies, including Mastercard® and White Castle®.
The State of Oklahoma will integrate the Rekor One™ platform across the state to provide vehicle information associated with uninsured motorists as part of the state’s Uninsured Vehicle Enforcement Diversion Program (“UVED Program”).
Rekor expects gross revenue to be above $2.1 million for Q3 of 2020, which represents more than 35% growth from the same quarter of 2019. Revenue for the nine months ended September 30, 2020, is expected to be approximately $6.4 million.
