Rekor Systems (REKR) Revenue & Revenue Breakdown

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Rekor Systems Revenue Highlights

Latest Revenue (Y)

$34.93M

Latest Revenue (Q)

$10.55M

Main Segment (Y)

Recurring Revenue

Main Geography (Y)

UNITED STATES

Rekor Systems Revenue by Period

Rekor Systems Revenue by Year

Date	Revenue	Change
2023-12-31	$34.93M	75.37%
2022-12-31	$19.92M	39.36%
2021-12-31	$14.29M	54.80%
2020-12-31	$9.23M	-52.20%
2019-12-31	$19.32M	-60.22%
2018-12-31	$48.56M	119.38%
2017-12-31	$22.14M	82.51%
2016-12-31	$12.13M	25.53%
2015-12-31	$9.66M	-16.13%
2014-12-31	$11.52M	-

Rekor Systems generated $34.93M in revenue during NA 2023, up 75.37% compared to the previous quarter, and up 71.93% compared to the same period a year ago.

Rekor Systems Revenue by Quarter

Date	Revenue	Change
2024-09-30	$10.55M	-15.14%
2024-06-30	$12.43M	27.09%
2024-03-31	$9.78M	-11.64%
2023-12-31	$11.07M	21.35%
2023-09-30	$9.12M	6.49%
2023-06-30	$8.56M	38.45%
2023-03-31	$6.18M	35.96%
2022-12-31	$4.55M	-32.89%
2022-09-30	$6.78M	56.39%
2022-06-30	$4.33M	20.12%
2022-03-31	$3.61M	13.14%
2021-12-31	$3.19M	21.95%
2021-09-30	$2.62M	-38.82%
2021-06-30	$4.27M	1.38%
2021-03-31	$4.22M	48.71%
2020-12-31	$2.83M	33.35%
2020-09-30	$2.13M	-20.58%
2020-06-30	$2.68M	67.84%
2020-03-31	$1.59M	-64.04%
2019-12-31	$4.44M	-10.98%
2019-09-30	$4.98M	-59.58%
2019-06-30	$12.33M	6.04%
2019-03-31	$11.63M	-1.94%
2018-12-31	$11.86M	-9.83%
2018-09-30	$13.15M	6.57%
2018-06-30	$12.34M	9.98%
2018-03-31	$11.22M	1.95%
2017-12-31	$11.00M	148.87%
2017-09-30	$4.42M	27.40%
2017-06-30	$3.47M	-
2017-03-31	$3.47M	36.34%
2016-12-31	$2.55M	5.82%
2016-09-30	$2.41M	-

Rekor Systems generated $10.55M in revenue during Q3 2024, up -15.14% compared to the previous quarter, and up 123.16% compared to the same period a year ago.

Rekor Systems Revenue Breakdown

Rekor Systems Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Recurring Revenue	$20.75M	$13.09M	$4.63M	-	-
Public Safety	$14.87M	-	-	-	-
Product and Service, Other	$14.18M	$6.83M	$9.66M	-	-
License and Service	-	$9.44M	-	-	-
AOC Key Solutions	-	-	-	$3.39M	-
Firestorm	-	-	-	$5.00K	-
Global	-	-	-	$10.51M	-
Professional Services	-	-	-	-	$13.85M
Technology	-	-	-	-	$6.44M

Rekor Systems's latest annual revenue breakdown by segment (product or service), as of Dec 23: Recurring Revenue (41.67%), Public Safety (29.86%), and Product and Service, Other (28.47%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Sep 21	Mar 21	Sep 20	Jun 20	Mar 20	Mar 19	Sep 18
Public Safety	$3.04M	$3.56M	$3.50M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recurring Revenue	$5.51M	$6.28M	$4.96M	$5.95M	$4.83M	$5.77M	$4.20M	$4.47M	$4.84M	$2.08M	$1.70M	$1.23M	-	-	-	-	-	-
Product and Service, Other	$5.04M	$6.14M	$4.82M	$5.11M	$4.29M	$2.79M	$1.98M	$74.00K	$2.59M	$2.26M	$1.91M	-	-	-	-	-	-	-
License and Service	-	-	-	-	$4.00M	$4.11M	$2.71M	-	-	-	-	-	-	-	-	-	-	-
Product and Service Revenue	-	-	-	-	-	-	-	-	-	-	-	$1.38M	-	-	-	-	-	-
Automated Traffic Safety Solutions	-	-	-	-	-	-	-	-	-	-	-	-	$915.00K	-	-	-	-	-
Licensing and Subscription	-	-	-	-	-	-	-	-	-	-	-	-	$3.30M	$1.34M	-	-	-	-
Government Customers	-	-	-	-	-	-	-	-	-	-	-	-	$1.11M	-	-	-	-	-
Commercial Customers	-	-	-	-	-	-	-	-	-	-	-	-	$3.10M	-	-	-	-	-
Automated Traffic Safety Enforcement	-	-	-	-	-	-	-	-	-	-	-	-	-	$785.00K	-	-	-	-
Global	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$4.21M	$6.30M	-	-
Firestorm	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$5.00K	-	-	-
AOC Key Solutions	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.39M	-	-
Time & Materials	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$10.80M	$11.44M
Fixed Price	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$817.26K	$1.67M
Franchising	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$9.65K	$40.58K

Rekor Systems's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Recurring Revenue (40.57%), Product and Service, Other (37.07%), and Public Safety (22.36%).

Rekor Systems Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20
UNITED STATES	$32.39M	$17.89M	$11.38M	-
Other Countries	$2.55M	$1.60M	$1.04M	-
CANADA	-	$435.00K	$1.88M	-
Global	-	-	-	$10.51M

Rekor Systems's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (92.71%), and Other Countries (7.29%).

Quarterly Revenue by Country

Country	Mar 23	Jun 20	Mar 20
License and Service	$2.71M	-	-
Recurring Revenue	$4.20M	-	-
Product and Service, Other	$1.98M	-	-
Global	-	$4.21M	$6.30M

Rekor Systems's latest quarterly revenue breakdown by geography, as of Mar 23: Recurring Revenue (47.25%), License and Service (30.48%), and Product and Service, Other (22.27%).

Rekor Systems Peer Comparison by Revenue

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MLGO	MicroAlgo	$81.89M	$20.24M
CISO	Cerberus Cyber Sentinel	$57.06M	$7.51M
REKR	Rekor Systems	$34.93M	$10.55M
ALAR	Alarum	$26.50M	$8.38M
BLIN	Bridgeline Digital	$15.88M	$3.94M
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REKR Revenue FAQ

What is Rekor Systems’s yearly revenue?

Rekor Systems's yearly revenue for 2023 was $34.93M, representing an increase of 75.37% compared to 2022. The company's yearly revenue for 2022 was $19.92M, representing an increase of 39.36% compared to 2021. REKR's yearly revenue for 2021 was $14.29M, representing an increase of 54.80% compared to 2020.

What is Rekor Systems’s quarterly revenue?

Rekor Systems's quarterly revenue for Q3 2024 was $10.55M, a -15.14% decrease from the previous quarter (Q2 2024), and a 15.65% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $12.43M, a 27.09% increase from the previous quarter (Q1 2024), and a 45.12% increase year-over-year (Q2 2023). REKR's quarterly revenue for Q1 2024 was $9.78M, a -11.64% decrease from the previous quarter (Q4 2023), and a 58.09% increase year-over-year (Q1 2023).

What is Rekor Systems’s revenue growth rate?

Rekor Systems's revenue growth rate for the last 3 years (2021-2023) was 144.39%, and for the last 5 years (2019-2023) was 80.81%.

What are Rekor Systems’s revenue streams?

Rekor Systems's revenue streams in c 23 are Recurring Revenue, Public Safety, and Product and Service, Other. Recurring Revenue generated $20.76M in revenue, accounting 41.67% of the company's total revenue, up 58.54% year-over-year. Public Safety generated $14.87M in revenue, accounting 29.86% of the company's total revenue Product and Service, Other generated $14.18M in revenue, accounting 28.47% of the company's total revenue, up 107.61% year-over-year.

What is Rekor Systems’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Rekor Systems was Recurring Revenue. This segment made a revenue of $20.76M, representing 41.67% of the company's total revenue.