Rekor Systems Q3 net loss narrows 31% to $2.86 million; revenue falls 23% to $10.9 million
REKR•Rekor Systems’ third-quarter 2026 net loss narrowed 31% to $2.86 million, while revenue fell 23% to $10.9 million. The company said it is discussing refinancing $15 million of notes maturing December 15, 2026, with multiple lenders.
1. Quarterly results
Rekor Systems’ third-quarter 2026 net loss narrowed 31% to $2.86 million, while revenue declined 23% to $10.9 million, primarily because high-margin perpetual software license sales from the prior-year quarter did not recur. Operating expenses fell 41% to $7.59 million, including significant nonrecurring lease-related accounting items.
2. Cash and notes
Net cash used in operating activities declined 49% to $10.6 million for the first nine months of 2026. Management is discussing refinancing $15 million of Series A Prime Revenue Sharing Notes maturing December 15, 2026, with multiple lenders.
