Rekor Systems, Inc.
REKRNasdaqTechnology · Communications Equipment, NEC · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $48.5M | $46.0M | $34.9M | $19.9M | $11.6M | $9.2M |
| Operating income | −$28.9M | −$54.3M | −$42.1M | −$85.8M | −$31.8M | −$11.8M |
| Net income | −$31.5M | −$61.4M | −$45.7M | −$83.1M | −$26.8M | −$14.2M |
| Total assets | $85.4M | $82.5M | $92.2M | $83.8M | $125.9M | $40.4M |
| Total liabilities | $42.5M | $48.3M | $58.8M | $34.5M | $24.8M | $8.5M |
| Equity | $42.9M | $34.1M | $33.4M | $49.3M | $101.1M | $25.2M |
| EPS (diluted) | $-0.26 | $-0.71 | $-0.72 | $-1.67 | $-0.66 | — |
| Shares out. | 110.9M | 85.3M | 61.1M | 44.9M | 40.8M | 22.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −59.6%
- Net margin
- −64.9%
- Return on equity
- −73.4%
- Return on assets
- −36.8%
- Return on capital (ROCE)
- −51.3%
- Liabilities / assets
- 49.8%
- Debt / equity
- 0.99×
- Book value / share
- $0.39
- Revenue growth (YoY)
- 5.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -12.22distress
- Accruals / assets
- −13.0%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 29, 2019
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2018
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Anson Funds Management LpPassive (13G)May 15, 2026
- Armistice Capital, LlcPassive (13G)May 15, 2026
- Church Pension FundPassive (13G)May 14, 2026
- Blackrock, Inc.Passive (13G)Apr 25, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 18.7M | 2.7 | +34.2% |
| Apr 30, 2026 | 13.9M | 7.4 | -0.0% |
| Apr 15, 2026 | 13.9M | 4.9 | -4.0% |
| Mar 31, 2026 | 14.5M | 6.3 | +8.4% |
| Mar 13, 2026 | 13.4M | 6.9 | +2.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Regulation FD disclosureMay 15, 2026
- Results of operationsMay 11, 2026
- Delisting / listing-standard noticeMay 1, 2026
- Results of operationsMar 31, 2026
- Director / officer changeMar 27, 2026
- Director / officer changeJan 16, 2026
- Entered a material agreement · Other material eventDec 16, 2025
- Results of operations · Director / officer changeNov 13, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESMay 29, 2026
- 8-KFORM 8-KMay 15, 2026
- SCHEDULE 13G/AMay 15, 2026
- SCHEDULE 13G/AMay 15, 2026
- SCHEDULE 13GMay 14, 2026
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESMay 13, 2026
- 10-QFORM 10-QMay 11, 2026
- 8-KFORM 8-KMay 11, 2026
- 8-KFORM 8-KMay 1, 2026
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESApr 28, 2026
- DEFA14AApr 1, 2026
- DEF 14AApr 1, 2026
- 8-KFORM 8-KMar 31, 2026
- 10-KFORM 10-KMar 31, 2026
- 8-KMar 27, 2026
Event-driven situations (1)
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