Rekor Systems, Inc. (NASDAQ:REKR) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET
Company Participants
David Desharnais - President and CEO
Eyal Hen - CFO
Conference Call Participants
Mike Lattimore - Northland Capital Markets
Louie DiPalma - William Blair
Operator
Good afternoon, ladies and gentlemen, and welcome to today's Rekor Systems, Inc. Conference Call. My name is Kevin, and I will be your coordinator for today. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.
Before we start, I want to read you the company's abbreviated safe harbor statement. I want to remind you that statements made in this conference call concerning future revenues, results of operations, financial position, markets, economic conditions, products and product releases, partnerships and any other statements that may be construed as a prediction of future performance or events are forward-looking statements.
Such statements can involve known and unknown risks and uncertainties and other factors, which may cause actual results to differ materially from those expressed or implied by such statements. We ask you that you refer to the full disclaimers in our earnings release. You should also review a description of the risk factors contained in our annual and quarterly filings with the SEC. Non-GAAP results will also be discussed on the call.
The company believes the presentation of non-GAAP information provides useful supplementary data concerning the company's ongoing operations, and is provided for informational purposes.
I’d now like to turn the conference over to Mr. David Desharnais, President and CEO of Rekor Systems.
David Desharnais
Thank you operator and thanks to everyone for joining us today. I'll start with a brief update on customer activity, followed by an overview of the current market and our strategic priorities. Eyal will walk through our Q3, 2024 financial results and I'll conclude with an update on our market position goals for 2025 and the path forward. I'm pleased to report that the pipeline we've been nurturing for months is now entering the deployment phase, validating our growth strategy across all three core product areas; Urban Mobility with Discover, Transportation Management with Command and Public Safety with Scout.
In each area, we're seeing steady platform expansion, increasing customer engagement and expanding strategic partnerships. Starting with Discover, we recently achieved the much anticipated inclusion of our systems on Florida's approved product list or APL, and have now begun the first wave of statewide deployments spearheaded by the Central Office of Florida DOT. These deployments are part of a statewide effort to provide comprehensive coverage across every district, ensuring precise roadway data and advanced analytics for emergency operations and beyond. I'm especially proud to report that our first installations have already been battle tested and proved their value.