Rekor (REKR) Q1 2026 Earnings Call Transcript

Rekor Systems reported Q1 2026 revenue growth of 12% year-over-year with improved gross margins of 53%, up from 48%. The company executed significant cost-cutting measures including a 16% workforce reduction (45 positions) and expects EBITDA neutrality by end of Q2/early Q3, with full EBITDA positivity targeted by year-end. The Georgia DOT contract base value of ~$60 million is expected to grow substantially through state entity expansion. Rekor Labs' GoSecure product, designed for video authentication and deepfake detection, is on track for Q3 2026 commercial launch.