Rekor Systems Showcases Exceptional Year-over-Year Growth and Strategic Milestones in 2023 Financial Results
Rekor Systems Showcases Exceptional Year-over-Year Growth and Strategic Milestones in 2023 Financial Results
Company Achieves Fourth Consecutive Quarter of Top Line Growth and Record Revenue
公司連續第四個季度實現收入增長和創紀錄的收入
COLUMBIA, MD / ACCESSWIRE / March 25, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today unveiled its notable financial results for the fiscal year ending December 31, 2023. Demonstrating substantial progress across all metrics, the Company not only continued its trajectory of year-over-year revenue growth but also laid the groundwork for a future defined by innovation and strategic financial health.
馬里蘭州哥倫比亞/ACCESSWIRE/2024年3月25日/開發和實施最先進道路智能技術的領導者Rekor Systems, Inc.（納斯達克股票代碼：REKR）（“Rekor” 或 “公司”）今天公佈了截至2023年12月31日的財年的顯著財務業績。該公司在所有指標上均取得了實質性進展，不僅延續了收入同比增長的軌跡，而且爲以創新和戰略財務健康爲定義的未來奠定了基礎。
2023 Financial Highlights: A Year of Consistent Growth and Stability
2023 年財務亮點：持續增長和穩定的一年
- Record Gross Revenue: Rekor closed 2023 with gross revenue of $34.9 million, marking a 75% increase from $19.9 million in 2022.
- Fourth Quarter Results: The Company's gross revenue for Q4 2023 reached an all-time high of $11.1 million, up by 71% from Q4 2022.
- Escalating Performance Obligations: As of December 31, 2023, performance obligations ascended to $26.4 million, showing a 23% growth from the previous year.
- Contract Value Surge: Total contract value inked during 2023 stood at $49.1 million, reflecting a remarkable 124% increase from 2022.
- Adjusted EBITDA Improvement: The Company narrowed its Adjusted EBITDA loss from $37.4 million in 2022 to $28.7 million in 2023.
- 創紀錄的總收入：Rekor在2023年底的總收入爲3,490萬美元，較2022年的1,990萬美元增長了75％。
- 第四季度業績：公司2023年第四季度的總收入達到1,110萬美元的歷史新高，較2022年第四季度增長了71％。
- 不斷增加的績效義務：截至2023年12月31日，績效義務增至2640萬美元，比上年增長23％。
- 合同價值激增：2023年簽訂的合約總價值爲4,910萬美元，比2022年顯著增長了124％。
- 調整後的息稅折舊攤銷前利潤改善：該公司將調整後的息稅折舊攤銷前利潤虧損從2022年的3,740萬美元縮小至2023年的2,870萬美元。
Leadership Insights: Charting the Path Forward
領導力見解：規劃前進之路
Eyal Hen, CFO of Rekor, commented on the year's success, "The financial milestones achieved in 2023, including significant revenue growth, a notable increase in our contract values, and a reduction in operating cash burn, stand as a testament to our robust strategic execution. These accomplishments, supported by successful fundraising initiatives, have fortified our financial foundation, enabling us to pursue our strategic vision with even greater confidence."
Rekor首席財務官Eyal Hen評論了今年的成功，“2023年實現的財務里程碑，包括收入的顯著增長、合同價值的顯著增加以及運營現金消耗的減少，都證明了我們強勁的戰略執行力。這些成就得到了成功的籌款計劃的支持，鞏固了我們的財務基礎，使我們能夠更有信心地追求我們的戰略願景。”
Robert A. Berman, Rekor's Chairman and CEO, reflected on the Company's trajectory, stating, "Our remarkable 162% CAGR in revenue from 2018 to 2023 underscores our commitment to sustained success and innovation. This growth, coupled with our commitment to avoiding toxic debt and overly dilutive financing mechanisms, underscores the strides we've made as a technology company. We're not just surviving; we're thriving, setting new benchmarks for innovation and financial health in our industry."
Rekor董事長兼首席執行官羅伯特·伯曼回顧了公司的發展軌跡，他說：“從2018年到2023年，我們驚人的收入複合年增長率爲162％，凸顯了我們對持續成功和創新的承諾。這種增長，加上我們對避免有毒債務和過度稀釋的融資機制的承諾，凸顯了我們作爲一家科技公司所取得的進步。我們不僅生存下來；我們還在蓬勃發展，爲我們行業的創新和財務健康樹立了新的基準。”
Hen added, "The Company had initially planned to hold its Investor and Analyst Day concurrently with our annual meeting at the NASDAQ headquarters in New York, leveraging the convenience and resources available at this location. However, considering certain rapid developments and forward momentum, we believe it is prudent to reschedule our Investor and Analyst Day to a later date. This adjustment will allow us to ensure that we can share the most current and comprehensive updates with our investors and analysts."
Hen補充說：“公司最初計劃利用該地點的便利和資源，在紐約納斯達克總部舉行投資者和分析師日與年會同時舉行。但是，考慮到某些快速發展和前進勢頭，我們認爲謹慎的做法是將投資者和分析師日推遲到以後的日期。這一調整將使我們能夠確保與投資者和分析師分享最新、最全面的最新消息。”
Financial Results for the Twelve and Three Months Ended December 31, 2023
截至2023年12月31日的十二個月和三個月的財務業績
This section highlights the changes for the twelve and three months ended December 31, 2023, compared to the three and twelve months ended December 31, 2022.
本節重點介紹了截至2023年12月31日的十二個月和三個月與截至2022年12月31日的三個月和十二個月相比的變化。
Revenues
收入
|
Year Ended December 31, |
Change |
Three Months Ended December 31, |
Change | ||||||||||||||||||||||
| (Dollars in thousands) | 2023 | 2022 | $ | % | 2023 | 2022 | $ | % | |||||||||||||||||
| Revenue | $ | 34,933 | $ | 19,920 | $ | 15,013 | 75% | $ | 11,066 | $ | 6,469 | $ | 4,597 | 71% | |||||||||||
| 年末 十二月三十一日 |
改變 | 三個月已結束 十二月三十一日 |
改變 | ||||||||||||||||||||||
| （千美元） | 2023 | 2022 | $ | % | 2023 | 2022 | $ | % | |||||||||||||||||
| 收入 | $ | 34,933 | $ | 19,920 | $ | 15,013 | 75% | $ | 11,066 | $ | 6,469 | $ | 4,597 | 71% | |||||||||||
The increase in revenue for the twelve and three month period ended December 31, 2023, compared to the twelve- and three-month period ended December 31, 2022, was primarily attributable to our Urban Mobility product line. During the twelve- and three-month period ended December 31, 2023, revenue attributable to our Urban Mobility product line increased $9,081,000 and $2,330,000, respectively, compared to the twelve- and three-month period ended December 31, 2022. Additionally, our contactless compliance revenue increased $1,110,000 and $391,000, respectively, for the twelve and three month period ended December 31, 2023, compared to the twelve and three month period ended December 31, 2022.
與截至2022年12月31日的十二個月和三個月期間相比，截至2023年12月31日的十二個月和三個月期間的收入增長主要歸因於我們的城市交通產品線。在截至2023年12月31日的十二個月和三個月期間，與截至2022年12月31日的十二個月和三個月期相比，我們的城市交通產品線的收入分別增加了908.1萬美元和233萬美元。此外，與截至2022年12月31日的十二個月和三個月期相比，截至2023年12月31日的十二個月和三個月期間，我們的非接觸式合規收入分別增加了111萬美元和39.1萬美元。
The other main driver of revenue growth during the periods ended December 31, 2023, compared to December 31, 2022, was attributable to increased sales of the Company's software and hardware products.
與2022年12月31日相比，截至2023年12月31日的期間收入增長的另一個主要驅動力歸因於公司軟件和硬件產品的銷售增加。
Cost of Revenue, excluding Depreciation and Amortization
收入成本，不包括折舊和攤銷
|
Year Ended December 31, |
Change |
Three Months Ended December 31, |
Change | ||||||||||||||||||||||
| (Dollars in thousands) | 2023 | 2022 | $ | % | 2023 | 2022 | $ | % | |||||||||||||||||
| Cost of revenue, excluding depreciation and amortization | $ | 16,499 | $ | 10,890 | $ | 5,609 | 52% | $ | 5,180 | $ | 3,457 | $ | 1,723 | 50% | |||||||||||
| 年末 十二月三十一日 |
改變 | 三個月已結束 十二月三十一日 |
改變 | ||||||||||||||||||||||
| （千美元） | 2023 | 2022 | $ | % | 2023 | 2022 | $ | % | |||||||||||||||||
| 收入成本，不包括折舊和攤銷 | $ | 16,499 | $ | 10,890 | $ | 5,609 | 52% | $ | 5,180 | $ | 3,457 | $ | 1,723 | 50% | |||||||||||
For the year ended December 31, 2023, cost of revenue, excluding depreciation and amortization increased compared to the year ended December 31, 2022, primarily due to an increase in personnel and other direct costs such as hardware that were incurred to support our increase in revenue. The costs of revenue increased at a lower rate than our revenue increased as the Company was able to realize efficiencies in its operations and better manage its software costs.
在截至2023年12月31日的年度中，收入成本（不包括折舊和攤銷）與截至2022年12月31日的年度相比有所增加，這主要是由於爲支持我們的收入增長而產生的人員和其他直接成本（例如硬件）的增加。由於公司能夠提高運營效率並更好地管理軟件成本，收入成本的增長速度低於我們的收入增長率。
Loss from Operations Excluding Goodwill Impairment
不包括商譽減值的運營虧損
|
Year Ended December 31, |
Change |
Three Months Ended December 31, |
Change | ||||||||||||||||||||||
| (Dollars in thousands) | 2023 | 2022 | $ | % | 2023 | 2022 | $ | % | |||||||||||||||||
| Loss from operations | $ | (42,116) | $ | (50,949) | $ | 8,833 | 17% | $ | (9,346) | $ | (9,750) | $ | 404 | 4% | |||||||||||
| 年末 十二月三十一日 |
改變 | 三個月已結束 十二月三十一日 |
改變 | ||||||||||||||||||||||
| （千美元） | 2023 | 2022 | $ | % | 2023 | 2022 | $ | % | |||||||||||||||||
| 運營損失 | $ | (42,116) | $ | (50,949) | $ | 8,833 | 17% | $ | (9,346) | $ | (9,750) | $ | 404 | 4% | |||||||||||
The decrease in operating loss for the twelve and three months ended December 31, 2023, compared to the twelve and three months ended December 31, 2022, was primarily attributable to our growth in revenue and improved Adjust Gross Profit (discussed below), accompanied by steady operating expenses year over year.
與截至2022年12月31日的十二個月和三個月相比，截至2023年12月31日的十二個月和三個月的營業虧損有所減少，這主要歸因於我們的收入增長和Adjust毛利潤的改善（如下所述），以及同比穩定的運營支出。
Additional Key Performance Indicators and Non-GAAP Measures
其他關鍵績效指標和非公認會計准則指標
Performance Obligations
履約義務
As of December 31, 2023, the Company had approximately $26,390,000 in remaining performance obligations not yet satisfied or partially satisfied. This is an increase of approximately 23%, up from $21,412,000 of remaining performance obligations as of December 31, 2022. Total performance obligations increased over time across all product areas as the Company focused intently on near-term revenue-generating activities and closing long-term contracts.
截至2023年12月31日，公司約有26,39萬美元的剩餘履約義務尚未履行或部分兌現。這比截至2022年12月31日的剩餘履約義務的21,41.2萬美元增長了約23％。隨着時間的推移，公司專注於短期創收活動和簽訂長期合同，所有產品領域的總績效義務有所增加。
Total Contract Value
合約總價值
The total contract value of contracts won in the current period also provides us with visibility into our future operating results and cash flows from operations. Total contract value is a non-GAAP measure in which there are certain assumptions that we make when determining the total value of a contract, such as the success rate of renewal periods, cancellations, and usage estimates. For the year ended December 31, 2023, we won contracts valued at $49,087,000, compared to $21,962,000 for contracts won for the year ended December 31, 2022. This represents growth of $27,125,000 or 124%, period over period.
本期贏得的合同總價值也使我們能夠了解未來的經營業績和運營現金流。合同總價值是一項非公認會計准則的衡量標準，我們在確定合同總價值時會做出某些假設，例如續訂期的成功率、取消率和使用量估算。在截至2023年12月31日的年度中，我們贏得了價值49,087,000美元的合同，而截至2022年12月31日的年度中贏得的合同爲21,962,000美元。這意味着同期增長了27,125,000美元，增長了124％。
Adjusted Gross Profit and Adjusted Gross Margin
調整後的毛利和調整後的毛利率
|
Year Ended December 31, |
Change |
Three Months Ended December 31, |
Change | ||||||||||||||||||||||
| (Dollars in thousands) | 2023 | 2022 | $ | % | 2023 | 2022 | $ | % | |||||||||||||||||
| Revenue | $ | 34,933 | $ | 19,920 | 15,013 | 75% | $ | 11,066 | $ | 6,469 | 4,597 | 71% | |||||||||||||
| Cost of revenue, excluding depreciation and amortization | 16,499 | 10,890 | 5,609 | 52% | 5,180 | 3,457 | 1,723 | 50% | |||||||||||||||||
| Adjusted Gross Profit | 18,434 | 9,030 | 9,404 | 104% | 5,886 | 3,012 | 2,874 | 95% | |||||||||||||||||
| Adjusted Gross Margin | 52.8% | 45.3% | 7.5% | 16.6% | 53.2% | 46.6% | 6.6% | 14.2% | |||||||||||||||||
| 年末 十二月三十一日 |
改變 | 三個月已結束 十二月三十一日 |
改變 | ||||||||||||||||||||||
| （千美元） | 2023 | 2022 | $ | % | 2023 | 2022 | $ | % | |||||||||||||||||
| 收入 | $ | 34,933 | $ | 19,920 | 15,013 | 75% | $ | 11,066 | $ | 6,469 | 4,597 | 71% | |||||||||||||
| 收入成本，不包括折舊和攤銷 | 16,499 | 10,890 | 5,609 | 52% | 5,180 | 3,457 | 1,723 | 50% | |||||||||||||||||
| 調整後的毛利 | 18,434 | 9,030 | 9,404 | 104% | 5,886 | 3,012 | 2,874 | 95% | |||||||||||||||||
| 調整後的毛利率 | 52.8% | 45.3% | 7.5% | 16.6% | 53.2% | 46.6% | 6.6% | 14.2% | |||||||||||||||||
Adjusted Gross Profit for the twelve and three months ended December 31, 2023, increased $9,404,000 and $2,874,000, respectively which equated to an increase to Adjusted Gross Margin of 7.5% and 6.6% percentage points, respectively, compared to the twelve and three months ended December 31, 2022.
截至2023年12月31日的十二個月和三個月的調整後毛利分別增長了9,404,000美元和2874,000美元，相當於與截至2022年12月31日的十二個月和三個月相比，調整後的毛利率分別增長了7.5％和6.6％的百分點。
As the Company continues to scale and standardize its product offerings it has begun to realize operational efficiencies that have resulted in an improved Adjusted Gross Margin. Additionally, the Company has worked diligently to reduce its software and data costs.
隨着公司繼續擴大和標準化其產品供應，它已開始提高運營效率，從而提高了調整後的毛利率。此外，該公司一直在努力降低其軟件和數據成本。
EBITDA and Adjusted EBITDA
息稅折舊攤銷前利潤和調整後的息稅折舊攤銷
The Company calculates EBITDA as net loss before interest, taxes, depreciation, and amortization. The Company calculates Adjusted EBITDA as net loss before interest, taxes, depreciation, and amortization, adjusted for (i) impairment of intangible assets, (ii) loss on extinguishment of debt, (iii) stock-based compensation, (iv) losses or gains on sales of subsidiaries, and (v) other unusual or non-recurring items. EBITDA and Adjusted EBITDA are not measurements of financial performance or liquidity under accounting principles generally accepted in the U.S. ("U.S. GAAP") and should not be considered as an alternative to net earnings or cash flow from operating activities as indicators of our operating performance or as a measure of liquidity or any other measures of performance derived in accordance with U.S. GAAP. EBITDA and Adjusted EBITDA are presented because we believe they are frequently used by securities analysts, investors, and other interested parties in the evaluation of a company's ability to service and/or incur debt. However, other companies in our industry may calculate EBITDA and Adjusted EBITDA differently than we do.
公司將息稅折舊攤銷前利潤計算爲扣除利息、稅項、折舊和攤銷前的淨虧損。公司將調整後的息稅折舊攤銷前利潤計算爲扣除利息、稅項、折舊和攤銷前的淨虧損，並按以下因素進行了調整：（i）無形資產減值，（ii）債務清償損失，（iii）股票薪酬，（iv）子公司銷售的虧損或收益，以及（v）其他異常或非經常性項目。根據美國普遍接受的會計原則（“美國公認會計原則”），息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤不是衡量財務業績或流動性的指標，不應將其視爲經營業績指標的淨收益或經營活動現金流的替代品，也不得作爲流動性的衡量標準或根據美國公認會計原則得出的任何其他業績指標。之所以列出息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤，是因爲我們認爲證券分析師、投資者和其他利益相關方經常使用它們來評估公司的還本付息能力和/或承擔債務的能力。但是，我們行業中其他公司的計算息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤可能與我們不同。
The following table sets forth the components of the EBITDA and Adjusted EBITDA for the periods included (dollars in thousands):
下表列出了所包括期間的息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤的組成部分（千美元）：
| Year ended December 31, | ||||||||
| 2023 | 2022 | |||||||
Net loss from continuing operations |
$ | (45,685) | $ | (83,454) | ||||
Provision (benefit) for income taxes |
32 | (987) | ||||||
Interest expense, net |
3,596 | 21 | ||||||
Depreciation and amortization |
7,894 | 6,422 | ||||||
EBITDA |
$ | (34,163) | $ | (77,998) | ||||
Gain on extinguishment of debt |
$ | (527) | $ | - | ||||
Share-based compensation |
4,352 | 6,616 | ||||||
Gain on the sale of ATSE |
- | (2,643) | ||||||
Loss (gain) due to the remeasurement of the STS Earnout and Contingent Consideration, net |
384 | (883) | ||||||
Impairment of SAFE agreement |
101 | - | ||||||
Goodwill impairment |
- | 34,835 | ||||||
Legal judgements and settlements |
801 | 1,608 | ||||||
One-time consulting fees |
365 | 1,024 | ||||||
Adjusted EBITDA |
$ | (28,687) | $ | (37,441) | ||||
| 截至12月31日的年度 | ||||||||
| 2023 | 2022 | |||||||
持續經營業務的淨虧損 |
$ | (45,685) | $ | (83,454) | ||||
所得稅準備金（福利） |
32 | (987) | ||||||
利息支出，淨額 |
3,596 | 21 | ||||||
折舊和攤銷 |
7,894 | 6,422 | ||||||
EBITDA |
$ | (34,163) | $ | (77,998) | ||||
償還債務的收益 |
$ | (527) | $ | - | ||||
基於股份的薪酬 |
4,352 | 6,616 | ||||||
出售ATSE的收益 |
- | (2,643) | ||||||
因調整STS收益和或有對價而產生的虧損（收益），淨額 |
384 | (883) | ||||||
SAFE 協議受損 |
101 | - | ||||||
商譽減值 |
- | 34,835 | ||||||
法律判決和和解 |
801 | 1,608 | ||||||
一次性諮詢費 |
365 | 1,024 | ||||||
調整後 EBITDA |
$ | (28,687) | $ | (37,441) | ||||
Rekor has scheduled a conference call to discuss the 2023 results on Monday, March 25, 2024, at 4:30 P.M. (Eastern).
Rekor計劃於2024年3月25日星期一下午4點30分（美國東部時間）舉行電話會議，討論2023年的業績。
Any person interested in participating in the call should please dial in approximately 10 minutes prior to the start of the call using the following information:
任何有興趣參與電話的人都應在通話開始前大約 10 分鐘使用以下信息進行撥號：
North America: 877-407-8037 (Toll Free)
北美：877-407-8037（免費電話）
International: 201-689-8037
國際：201-689-8037
A live webcast of the conference call will be available online at:
電話會議的網絡直播將在以下網址在線播出：
REPLAY INFORMATION
重播信息
A replay will be made available online approximately two hours following the live call for a period of two weeks. To access the replay, use the following numbers:
直播結束後大約兩個小時將在線重播，爲期兩週。要訪問重播，請使用以下數字：
Replay Dial-In: 877-660-6853 / 201-612-7415
重播撥入：877-660-6853 /201-612-7415
Access ID: 13744769
訪問ID：13744769
An archived webcast will also be available to replay this conference call directly from the Company's website under Investors, Events & Presentations.
存檔的網絡直播也將直接從公司網站的 “投資者、活動和演講” 下重播本次電話會議。
About Rekor Systems, Inc.
關於 Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ: REKR) is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI and machine learning. Pioneering the implementation of digital infrastructure in our communities, Rekor is redefining infrastructure by collecting, connecting, and organizing the world's mobility data - laying the foundation for a digital-enabled operating system for the road. With our Rekor One Roadway Intelligence Engine at the foundation of our technology, we aggregate and transform trillions of data points into intelligence through proprietary computer vision, machine learning, and big data analytics that power our platforms and applications. Our solutions provide actionable insights that give governments and businesses a comprehensive picture of roadways while providing a collaborative environment that drives the world to be safer, greener, and more efficient.
Rekor Systems, Inc.（納斯達克股票代碼：REKR）是使用人工智能和機器學習開發和實施最先進道路智能系統的領導者。Rekor 率先在我們的社區中實施數字基礎設施，正在通過收集、連接和組織世界交通數據來重新定義基礎設施，爲數字化道路操作系統奠定基礎。以我們的Rekor One Roadway Intelligence Engine作爲我們技術的基礎，我們通過專有的計算機視覺、機器學習和大數據分析，聚合數萬億個數據點並將其轉換爲情報，這些數據點爲我們的平台和應用程序提供支持。我們的解決方案提供切實可行的見解，讓政府和企業全面了解道路，同時提供協作環境，推動世界變得更安全、更環保、更高效。
To learn more please visit our website: and follow Rekor on social media on LinkedIn, Twitter, and Facebook.
要了解更多信息，請訪問我們的網站：並在領英、推特和臉書上的社交媒體上關注Rekor。
Forward-Looking Statements
前瞻性陳述
This press release and its links and attachments contain statements concerning Rekor Systems, Inc. and its future expectations, plans, and prospects that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the impact of Rekor's core suite of AI-powered technology and the size and shape of the global market for ALPR systems. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.
本新聞稿及其鏈接和附件包含有關Rekor Systems, Inc.及其未來預期、計劃和前景的聲明，這些陳述構成經修訂的1933年《證券法》第27A條和經修訂的1934年《證券交易法》第21E條所指的 “前瞻性陳述”，包括有關Rekor的人工智能核心技術套件的影響以及ALPR系統全球市場規模和形狀的聲明。此類前瞻性陳述是根據1995年《私人證券訴訟改革法》的安全港條款作出的。爲此，任何不是歷史事實陳述的陳述都可能被視爲前瞻性陳述。在某些情況下，您可以通過諸如 “可能”、“應該”、“預期”、“預期”、“可能”、“打算”、“目標”、“項目”、“考慮”、“相信”、“估計”、“預測”、“潛在” 或 “繼續” 等術語來識別前瞻性陳述，也可以使用這些術語的否定值或其他類似表述。請注意，此類陳述存在許多風險和不確定性，可能導致未來的情況、事件或結果與前瞻性陳述中的預測存在重大差異，包括實際情況、事件或結果可能與前瞻性陳述中的預測存在重大差異的風險，特別是由於我們在向美國證券交易委員會提交的文件中確定的各種風險和其他因素所致。本新聞稿中包含的所有前瞻性陳述僅代表截至發表之日，並基於管理層截至該日的假設和估計。我們不承擔任何義務公開更新任何前瞻性陳述，無論是收到新信息、未來事件發生還是其他原因。
Company Contact:
公司聯繫人：
Rekor Systems, Inc.
Eyal Hen
Chief Financial Officer
Phone: +1 (443) 545-7260
ehen@rekor.ai
Rekor Systems, Inc
Eyal Hen
首席財務官
電話：+1 (443) 545-7260
ehen@rekor.ai
Media & Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekor.ai
媒體和投資者關係聯繫人：
Rekor Systems, Inc
查爾斯·德格里奧米尼
ir@rekor.ai
REKOR SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share data)
REKOR SYSTEMS, INC
合併資產負債表
（千美元，股票數據除外）
| December 31, 2023 | December 31, 2022 | |||||||
ASSETS |
||||||||
Current assets |
||||||||
Cash and cash equivalents |
$ | 15,385 | $ | 1,924 | ||||
Restricted cash and cash equivalents |
328 | 254 | ||||||
Accounts receivable (net of allowance for credit losses of $101 and $69 at December 31, 2023 and 2022, respectively) |
4,955 | 3,238 | ||||||
Inventory |
3,058 | 1,986 | ||||||
Note receivable, current portion |
340 | 340 | ||||||
Other current assets |
1,270 | 1,202 | ||||||
Current assets of discontinued operations |
- | 331 | ||||||
Total current assets |
25,336 | 9,275 | ||||||
Long-term assets |
||||||||
Property and equipment, net |
13,188 | 16,733 | ||||||
Right-of-use operating lease assets, net |
9,584 | 9,662 | ||||||
Right-of-use financing lease assets, net |
1,989 | - | ||||||
Goodwill |
20,593 | 20,593 | ||||||
Intangible assets, net |
17,239 | 21,299 | ||||||
Note receivable, long-term |
482 | 822 | ||||||
SAFE investment |
- | 2,005 | ||||||
Deposits |
3,740 | 3,451 | ||||||
Total long-term assets |
66,815 | 74,565 | ||||||
Total assets |
$ | 92,151 | $ | 83,840 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||||
Current liabilities |
||||||||
Accounts payable and accrued expenses |
5,139 | 5,963 | ||||||
Notes payable, current portion |
1,000 | 1,000 | ||||||
Notes payable, related party |
- | 1,000 | ||||||
Loans payable, current portion |
75 | 106 | ||||||
Lease liability operating, short-term |
1,261 | 1,069 | ||||||
Lease liability financing, short-term |
547 | - | ||||||
Contract liabilities |
3,604 | 3,044 | ||||||
Other current liabilities |
5,610 | 2,772 | ||||||
Current liabilities of discontinued operations |
- | 490 | ||||||
Total current liabilities |
17,236 | 15,444 | ||||||
Long-term liabilities |
||||||||
Notes payable, long-term |
1,000 | 2,000 | ||||||
2023 Promissory Notes, net of debt discount of $1,012 |
2,988 | - | ||||||
2023 Promissory Notes - related party, net of debt discount of $2,149 |
6,351 | - | ||||||
Series A Prime Revenue Sharing Notes, net of debt discount of $447 |
9,553 | - | ||||||
Series A Prime Revenue Sharing Notes- related party, net of debt discount of $223 |
4,777 | - | ||||||
Loans payable, long-term |
273 | 349 | ||||||
Lease liability operating, long-term |
13,445 | 14,237 | ||||||
Lease liability financing, long-term |
1,057 | - | ||||||
Contract liabilities, long-term |
1,449 | 1,005 | ||||||
Deferred tax liability |
65 | 52 | ||||||
Other long-term liabilities |
587 | 1,416 | ||||||
Total long-term liabilities |
41,545 | 19,059 | ||||||
Total liabilities |
58,781 | 34,503 | ||||||
Commitments and contingencies (note 13) |
||||||||
Stockholders' equity |
||||||||
Preferred stock, $0.0001 par value, 2,000,000 authorized, 505,000 shares designated as Series A and 240,861 shares designated as Series B as of December 31, 2023 and December 31, 2022, respectively. No preferred stock was issued or outstanding as of December 31, 2023 or 2022, respectively. |
- | - | ||||||
Common stock, $0.0001 par value; authorized; 100,000,000 shares; issued: 69,273,334, shares at December 31, 2023 and 54,446,602 at December 31, 2022; outstanding: 69,176,826 shares at December 31, 2023 and 54,405,080 at December 31, 2022 |
7 | 5 | ||||||
Treasury stock - at cost, 96,508 and 41,522 shares as of December 31, 2023 and 2022, respectively |
(522) | (417) | ||||||
Additional paid-in capital |
232,568 | 202,747 | ||||||
Accumulated deficit |
(198,683) | (152,998) | ||||||
Total stockholders' equity |
33,370 | 49,337 | ||||||
Total liabilities and stockholders' equity |
$ | 92,151 | $ | 83,840 | ||||
| 2023年12月31日 | 2022年12月31日 | |||||||
資產 |
||||||||
流動資產 |
||||||||
現金和現金等價物 |
$ | 15,385 | $ | 1,924 | ||||
限制性現金和現金等價物 |
328 | 254 | ||||||
應收賬款（扣除截至2023年12月31日和2022年12月31日分別爲101美元和69美元的信貸損失備抵後） |
4,955 | 3,238 | ||||||
庫存 |
3,058 | 1,986 | ||||||
應收票據，流動部分 |
340 | 340 | ||||||
其他流動資產 |
1,270 | 1,202 | ||||||
已終止業務的流動資產 |
- | 331 | ||||||
流動資產總額 |
25,336 | 9,275 | ||||||
長期資產 |
||||||||
財產和設備，淨額 |
13,188 | 16,733 | ||||||
使用權經營租賃資產，淨額 |
9,584 | 9,662 | ||||||
使用權融資租賃資產，淨額 |
1,989 | - | ||||||
善意 |
20,593 | 20,593 | ||||||
無形資產，淨額 |
17,239 | 21,299 | ||||||
長期應收票據 |
482 | 822 | ||||||
安全的投資 |
- | 2,005 | ||||||
存款 |
3,740 | 3,451 | ||||||
長期資產總額 |
66,815 | 74,565 | ||||||
總資產 |
$ | 92,151 | $ | 83,840 | ||||
負債和股東權益 |
||||||||
流動負債 |
||||||||
應付賬款和應計費用 |
5,139 | 5,963 | ||||||
應付票據，本期部分 |
1,000 | 1,000 | ||||||
應付票據，關聯方 |
- | 1,000 | ||||||
應付貸款，當期部分 |
75 | 106 | ||||||
租賃負債經營，短期 |
1,261 | 1,069 | ||||||
短期租賃負債融資 |
547 | - | ||||||
合同負債 |
3,604 | 3,044 | ||||||
其他流動負債 |
5,610 | 2,772 | ||||||
已終止業務的流動負債 |
- | 490 | ||||||
流動負債總額 |
17,236 | 15,444 | ||||||
長期負債 |
||||||||
長期應付票據 |
1,000 | 2,0 | ||||||
2023 年期票，扣除 1,012 美元的債務折扣 |
2,988 | - | ||||||
2023 年期票——關聯方，扣除 2,149 美元的債務折扣 |
6,351 | - | ||||||
A系列主要收益分享票據，扣除447美元的債務折扣 |
9,553 | - | ||||||
A系列Prime收益分享票據關聯方，扣除223美元的債務折扣 |
4,777 | - | ||||||
長期應付貸款 |
273 | 349 | ||||||
租賃負債經營，長期 |
13,445 | 14,237 | ||||||
長期租賃負債融資 |
1,057 | - | ||||||
長期合同負債 |
1,449 | 1,005 | ||||||
遞延所得稅負債 |
65 | 52 | ||||||
其他長期負債 |
587 | 1,416 | ||||||
長期負債總額 |
41,545 | 19,059 | ||||||
負債總額 |
58,781 | 34,503 | ||||||
承付款和意外開支（附註13） |
||||||||
股東權益 |
||||||||
截至2023年12月31日和2022年12月31日，優先股、面值0.0001美元、授權股2,000,000股、505,000股指定爲A系列股票和240,861股指定爲B系列。截至2023年12月31日或2022年12月31日，分別沒有發行或流通任何優先股。 |
- | - | ||||||
普通股，面值0.0001美元；已授權；1億股；已發行：69,273,334股，截至2023年12月31日的股票和截至2022年12月31日的54,446,602股；已發行股票：截至2023年12月31日爲69,176,826股，截至2022年12月31日爲54,405,080股 |
7 | 5 | ||||||
庫存股——按成本計算，截至2023年12月31日和2022年12月31日分別爲96,508股和41,522股 |
(522) | (417) | ||||||
額外的實收資本 |
232,568 | 202,747 | ||||||
累計赤字 |
(198,683) | (152,998) | ||||||
股東權益總額 |
33,370 | 49,337 | ||||||
負債和股東權益總額 |
$ | 92,151 | $ | 83,840 | ||||
REKOR SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except share data)
REKOR SYSTEMS, INC
合併運營報表
（千美元，股票數據除外）
| Year ended December 31, | ||||||||
| 2023 | 2022 | |||||||
Revenue |
$ | 34,933 | $ | 19,920 | ||||
Cost of revenue, excluding depreciation and amortization |
16,499 | 10,890 | ||||||
Operating expenses: |
||||||||
General and administrative expenses |
27,038 | 26,612 | ||||||
Selling and marketing expenses |
7,347 | 8,329 | ||||||
Research and development expenses |
18,271 | 18,616 | ||||||
Depreciation and amortization |
7,894 | 6,422 | ||||||
Goodwill impairment |
- | 34,835 | ||||||
Total operating expenses |
60,550 | 94,814 | ||||||
Loss from continuing operations |
(42,116) | (85,784) | ||||||
Other income (expense): |
||||||||
Gain on extinguishment of debt |
527 | - | ||||||
Gain on the sale of business |
- | 2,643 | ||||||
Interest expense, net |
(3,596) | (21) | ||||||
Other expense, net |
(468) | (1,279) | ||||||
Total other income (expense) |
(3,537) | 1,343 | ||||||
Loss before income taxes |
(45,653) | (84,441) | ||||||
(Provision) benefit for income taxes |
(32) | 987 | ||||||
Net loss from continuing operations |
(45,685) | (83,454) | ||||||
Net income from discontinued operations |
- | 339 | ||||||
Net loss |
$ | (45,685) | $ | (83,115) | ||||
Loss per common share from continuing operations - basic and diluted |
(0.72) | (1.68) | ||||||
Earnings per common share discontinued operations - basic and diluted |
- | 0.01 | ||||||
Loss per common share - basic and diluted |
$ | (0.72) | $ | (1.67) | ||||
Weighted average shares outstanding |
||||||||
Basic and diluted |
63,168,299 | 49,807,475 | ||||||
| 截至12月31日的年度 | ||||||||
| 2023 | 2022 | |||||||
收入 |
$ | 34,933 | $ | 19,920 | ||||
收入成本，不包括折舊和攤銷 |
16,499 | 10,890 | ||||||
運營費用： |
||||||||
一般和管理費用 |
27,038 | 26,612 | ||||||
銷售和營銷費用 |
7,347 | 8,329 | ||||||
研究和開發費用 |
18,271 | 18,616 | ||||||
折舊和攤銷 |
7,894 | 6,422 | ||||||
商譽減值 |
- | 34,835 | ||||||
運營費用總額 |
60,550 | 94,814 | ||||||
持續經營造成的損失 |
(42,116) | (85,784) | ||||||
其他收入（支出）： |
||||||||
償還債務的收益 |
527 | - | ||||||
出售業務的收益 |
- | 2,643 | ||||||
利息支出，淨額 |
(3,596) | (21) | ||||||
其他費用，淨額 |
(468) | (1,279) | ||||||
其他收入總額（支出） |
(3,537) | 1,343 | ||||||
所得稅前虧損 |
(45,653) | (84,441) | ||||||
（準備金）所得稅補助金 |
(32) | 987 | ||||||
持續經營業務的淨虧損 |
(45,685) | (83,454) | ||||||
來自已終止業務的淨收益 |
- | 339 | ||||||
淨虧損 |
$ | (45,685) | $ | (83,115) | ||||
持續經營業務的每股普通股虧損——基本和攤薄 |
(0.72) | (1.68) | ||||||
已終止業務的每股普通股收益——基本收益和攤薄後收益 |
- | 0.01 | ||||||
每股普通股虧損——基本虧損和攤薄後虧損 |
$ | (0.72) | $ | (1.67) | ||||
加權平均已發行股數 |
||||||||
基本款和稀釋版 |
63,168,299 | 49,807,475 | ||||||
SOURCE: Rekor Systems, Inc.
資料來源：Rekor Systems, Inc.