Rekor’s traffic data service gains traction with major US DOTs

COLUMBIA, Md. - Rekor Systems, Inc. (NASDAQ:REKR) announced Thursday that the California Department of Transportation (CalTrans) and Texas Department of Transportation (TxDOT) have begun initial installations of its Rekor Discover traffic data service, potentially opening doors for wider deployment. The company’s stock has shown remarkable momentum, surging over 150% in the past six months, according to InvestingPro data.

The announcement follows Rekor’s recent contract with the Georgia Department of Transportation, valued at potentially over $100 million, which the company described as its largest state contract to date. With a current market capitalization of $251 million and trailing twelve-month revenue of $45.4 million, this contract represents a significant opportunity for growth.

Rekor’s Discover platform provides transportation agencies with traffic counts, classification, and weigh-in-motion data through a Data-as-a-Service (DaaS) model. The system uses non-intrusive technology to collect roadway data that meets federal reporting standards. While the company maintains a healthy gross profit margin of 49%, InvestingPro analysis indicates it’s currently trading above its Fair Value, with analysts tracking 10+ additional key metrics and insights available to subscribers.

"Caltrans and TxDOT are two of the most influential DOTs in the country," said Mark Phillips, General Manager at Rekor, in the press release statement. "Their experience with Rekor Discover should provide a clear path to expand, from initial deployment to statewide programs."

The company indicated that its DaaS approach aims to accelerate time to value for transportation agencies while improving safety for field teams and providing data for planning, funding, and operations.

Rekor Systems develops roadway intelligence systems using AI-enabled computer vision and machine learning technology. The company’s core technology, Rekor One Roadway Intelligence Engine, processes data points to provide insights for government and business applications.

The information in this article is based on a company press release.

In other recent news, Rekor Systems has reported its second-quarter 2025 earnings, which showed a slight miss on both earnings per share (EPS) and revenue forecasts. The company’s actual EPS was -$0.07, compared to the forecast of -$0.06, and revenue came in at $12.36 million, below the expected $13.28 million. In a significant development, Rekor Systems secured its largest statewide contract to date with the Georgia Department of Transportation, valued at a minimum of $50 million over its full term, with the potential to exceed $100 million. This multi-year agreement, which can extend up to seven years, will accelerate the deployment of Rekor’s Discover and Data-as-a-Service platforms across Georgia’s roadway network. Additionally, Rekor Systems launched a new cloud-based AI traffic analysis solution, Rekor TrafficSight, designed to enhance the security of U.S. roadway data by processing traffic video exclusively within the United States. This move aligns with U.S. data privacy and cybersecurity standards. These recent developments reflect Rekor Systems’ strategic initiatives in expanding its technology deployment and addressing data security concerns.

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