Rekor Systems

REKR

Software - Infrastructure · Technology

Price

$0.57

-0.03 (-5.60%)

Market Cap

$77.9M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+190.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 41.2M (2021) → 119.7M (2025)

Rekor Systems, Inc., through its subsidiaries, develops and implements transformative mission-critical intelligent infrastructure solutions and services for transportation management, public safety, and commercial markets in the United States, Canada, and internationally. It offers Rekor One Traffic Management solutions, including software modules for roadway monitoring and response, an incident detection and management solution; traffic and infrastructure analytics to capture data for roadway a

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+30.0% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$15M/ year

↓ Declining (-22% vs prior year)

30.1% of revenue

2.0x the sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

19.7%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~9 months

$13M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Rekor Systems has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

38.2%

Modest — 38.2% gross margin

Operating Margin

-85.9%

Losing money on operations — -85.9%

ROCE

-17.2%

Weak — -17.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+8.9%

Steady sales growth (8.9% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-37.6%

Burning cash (-37.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.49

Conservative — low debt load (0.49)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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