Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.1M | $22.1M | $20.1M | $19.3M | $9.23M | $11.6M | $19.9M | $34.9M | $46.0M | $48.5M |
| Revenue growth | — | 82.5% | -9.4% | -3.7% | -52.2% | 25.4% | 72.1% | 75.4% | 31.8% | 5.3% |
| Gross profit | $5.17M | $8.34M | $10.1M | $3.82M | $5.70M | — | — | — | — | — |
| Gross margin | 42.6% | 37.7% | 50.2% | 19.8% | 61.7% | — | — | — | — | — |
| Operating income | -$93.9K | -$4.64M | -$5.12M | -$7.53M | -$11.8M | -$31.8M | -$85.8M | -$42.1M | -$54.3M | -$28.9M |
| Operating margin | -0.8% | -21.0% | -25.5% | -39.0% | -128.3% | -275.0% | -430.6% | -120.6% | -118.0% | -59.6% |
| Net income | -$39.0K | -$5.04M | -$5.70M | -$15.9M | -$14.2M | -$26.8M | -$83.1M | -$45.7M | -$61.4M | -$31.5M |
| Net margin | -0.3% | -22.8% | -28.4% | -82.2% | -153.6% | -231.4% | -417.2% | -130.8% | -133.4% | -64.9% |
| EPS (diluted) | -$0.01 | -$0.51 | -$0.44 | -$0.85 | -$0.64 | -$0.65 | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$136K | -$3.17M | -$2.05M | -$21.3M | -$15.1M | -$18.0M | -$39.6M | -$32.6M | -$32.5M | -$20.4M |
| Capital expenditures | $36.8K | $290K | $1.00M | $798K | $1.04M | $4.37M | $2.99M | $1.39M | $1.68M | $2.53M |
| Free cash flow | -$173K | -$3.46M | -$3.05M | -$22.1M | -$16.1M | -$22.4M | -$42.6M | -$34.0M | -$34.2M | -$22.9M |
| Share buybacks | — | — | — | — | $0.00 | $319K | $98.0K | $105K | $189K | $189K |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.79M | $1.96M | $2.07M | $1.07M | $20.6M | $25.8M | $1.92M | $15.4M | $5.01M | $16.6M |
| Total assets | $5.48M | $20.6M | $18.1M | $29.0M | $40.4M | $126M | $83.8M | $92.2M | $82.5M | $85.4M |
| Total liabilities | $1.67M | $9.69M | $9.55M | $32.2M | $8.54M | $24.8M | $34.5M | $58.8M | $48.3M | $42.5M |
| Long-term debt | — | $1.41M | $3.43M | $20.4M | $1.97M | — | — | $26.0M | $15.9M | $15.0M |
| Shareholders' equity | $1.55M | $6.51M | $3.46M | -$9.04M | $25.2M | $101M | $49.3M | $33.4M | $34.1M | $42.9M |
| Retained earnings | -$430K | -$5.83M | -$12.1M | -$28.4M | -$43.0M | -$69.9M | -$153M | -$199M | -$260M | -$292M |
| Shares (wtd avg diluted) | 7.68M | 11.8M | 15.4M | 21.6M | 33.0M | 41.2M | 49.8M | 63.2M | 86.7M | 120M |
Every figure is extracted from Rekor Systems, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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