Rekor systems wins $50 million contract from Georgia DOT

COLUMBIA, Md. - Rekor Systems, Inc. (NASDAQ:REKR), whose stock has surged over 15% in the past week according to InvestingPro data, has secured a multi-year contract with the Georgia Department of Transportation (GDOT) to deploy its roadway intelligence technology across the state, according to a press release statement issued Tuesday.

The agreement, which can extend up to seven years at GDOT’s discretion, is projected to generate over $50 million in revenue for Rekor, representing more than the company’s current annual revenue of $45.4 million. The contract allows for cooperative purchasing by other Georgia government agencies, potentially increasing the total value to more than $100 million. For detailed financial analysis and growth projections, investors can access the comprehensive Pro Research Report available on InvestingPro.

The contract centers on implementing Rekor Discover, a Data-as-a-Service platform that provides traffic data collection without requiring agencies to purchase or maintain hardware. The system uses non-intrusive roadside equipment installations that improve count accuracy while enhancing safety for roadside technicians.

"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. "This improves the safety of roadside technicians and the traveling public."

The platform will provide GDOT with planning data including traffic counts, vehicle classification, and weigh-in-motion capabilities with real-time overweight detection. It also offers operational insights such as near-miss analysis and automatic incident detection for conditions including wrong-way drivers and disabled vehicles.

Unlike traditional traffic monitoring systems that require installation within roadways, Rekor’s equipment is positioned alongside roads, reducing installation disruptions and maintenance risks.

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

Rekor Systems specializes in AI-enabled computer vision and machine learning for roadway intelligence systems and digital infrastructure development. While the company maintains a solid gross profit margin of 49% and shows promising revenue growth of 7%, InvestingPro analysis indicates the stock is currently trading above its Fair Value. InvestingPro subscribers have access to 10 additional key insights about REKR, including detailed profitability metrics and growth forecasts.

In other recent news, Rekor Systems reported its second-quarter 2025 earnings, which showed a slight miss on both earnings per share (EPS) and revenue forecasts. The company’s EPS was -$0.07, compared to an expected -$0.06, and revenue reached $12.36 million, falling short of the projected $13.28 million. Additionally, Rekor Systems secured a significant contract with the Georgia Department of Transportation, potentially worth over $50 million, with the possibility of increasing to more than $100 million over its duration. This multi-year agreement focuses on deploying Rekor’s Discover and Data-as-a-Service platform across Georgia’s roadway network.

Moreover, Rekor Systems launched a new AI traffic analysis solution called Rekor TrafficSight. This cloud-based application processes traffic video data exclusively within the United States, ensuring compliance with U.S. data privacy and cybersecurity standards. These developments reflect Rekor Systems’ ongoing efforts to expand its technological solutions and secure substantial contracts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.