Rekor Systems (NASDAQ:REKR) said its first-quarter results reflected early benefits from a broad cost-reduction effort, while management pointed to stronger margins, higher recurring revenue and a path toward improved EBITDA performance later in 2026.
Chief Executive Officer Robert Berman told investors that the company conducted a comprehensive review of headcount, contracts and expenses beginning near the end of 2025 and continuing into the first quarter of 2026. He said Rekor reduced headcount by approximately 45 positions, or roughly 16% of its workforce, between year-end 2025 and the end of the first quarter.
