Rekor Systems lands $50 million contract with Georgia DOT

COLUMBIA, Md. - Rekor Systems, Inc. (NASDAQ:REKR), whose stock has surged over 137% in the past six months according to InvestingPro data, has secured its largest statewide contract to date with the Georgia Department of Transportation (GDOT), potentially worth over $50 million with the possibility of increasing to more than $100 million over its duration.

The multi-year agreement, which can extend up to seven years at GDOT’s discretion, focuses on deploying Rekor’s Discover and Data-as-a-Service (DaaS) platform across Georgia’s roadway network. For the $228 million market cap company, which generated $45.38 million in revenue over the last twelve months, this contract represents a significant opportunity for growth. The contract is available for cooperative use by Georgia cities, counties, municipal planning organizations, and regional commissions without requiring separate competitive bids.

Rekor’s technology will provide GDOT with non-intrusive roadside equipment installations that improve count accuracy and add new capabilities for traffic data collection. The system collects data in previously inaccessible areas while enhancing safety for roadside technicians and travelers.

"Rekor’s technology has enabled GDOT to collect traffic data in areas that were previously inaccessible," said Eric Conklin, State Transportation Data Administrator at GDOT, according to the company’s press release.

The Rekor Discover platform integrates various types of roadside detection including vehicle classification, weigh-in-motion, and non-motorized detection into a complete solution. Unlike traditional methods requiring upfront hardware purchases and ongoing maintenance, Rekor manages all infrastructure and support.

The system provides agencies with FHWA-compliant traffic data without the costs associated with traditional methods. It offers real-time insights including overweight detection, near-miss analysis, and automatic incident detection for wrong-way drivers, disabled vehicles, and hazardous conditions.

This marks Rekor’s second major statewide contract in recent months, following a blanket purchase order from the Texas Department of Transportation in June for its Rekor Command platform.

The non-intrusive setup reduces risks to field crews and minimizes traffic disruptions during installation and repairs, while providing 24/7 remote monitoring and AI-powered analytics on vehicle volumes, types, speeds, and weights.

In other recent news, Rekor Systems reported its second-quarter 2025 earnings, which fell short of analysts’ expectations. The company posted an earnings per share of -$0.07, missing the forecasted -$0.06. Revenue also came in lower than anticipated, at $12.36 million compared to the expected $13.28 million. This represents a 6.93% shortfall in revenue projections. Despite these results, Rekor Systems is moving forward with new initiatives. The company launched Rekor TrafficSight, a cloud-based AI traffic analysis solution. This application processes traffic video data exclusively within the United States, addressing security concerns related to overseas data processing. The launch aligns with U.S. data privacy and cybersecurity standards.

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