Rekor Systems, Inc. Reports First Quarter 2021 Financial Results
ACCESSWIRE
Highlights:
First quarter 2021 gross revenue increased 164% to $4.2 million as compared to $1.6 million in the first quarter of 2020
Raised $70.1 million in net cash proceeds during February 2021 with an underwritten public offering
COLUMBIA, MD / ACCESSWIRE / May 10, 2021 /Rekor Systems, Inc, (NASDAQ:REKR) ( Rekor ), a provider of real-time roadway, customer and public safety intelligence to enable AI-driven decisions, today announced its unaudited financial results for the first quarter of 2021. Our results in the first quarter have demonstrated a continuing high level of growth on a year-over-year basis, said Eyal Hen, Chief Financial Officer, Rekor. In the first quarter we stepped up our sales outreach by actively marketing our eCommerce platform and expanding our channel partners program along with continuing our aggressive direct sales efforts. These activities were key to increased revenue gen
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