FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38338 Rekor Systems, Inc.(Exact name of registrant as specified in its charter) 81-5266334(I.R.S. EmployerIdentification No.) 6721 Columbia Gateway Drive, Suite 400Columbia, MD(Address principal executive offices)21046(Zip Code)(410) 762-0800(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filingrequirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Securities registered pursuant to Section 12(b) of the Act: As of August 12, 2026, the Registrant had 137,636,495shares of common stock, $0.0001 par value per share outstanding. SPECIAL NOTE ON FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (the “Quarterly Report”) contains forward-looking statements within the meaning of the Private Securities LitigationReform Act of 1995, that involve substantial risks and uncertainties, including particularly statements regarding our future results of operations andfinancial position, business strategy, prospective products and services, timing and likelihood of success, plans and objectives of management for futureoperations and future results of current and anticipated products and services. These statements involve uncertainties, such as known and unknown risks,and are dependent on other important factors that may cause our actual results, performance, or achievements to be materially different from the futureresults, performance or achievements we express or imply. In some cases, you can identify forward-looking statements by terms such as “may,” “will,”“should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or“continue” or the negative of these terms or other similar expressions. These forward-looking statements speak only as of the date of this Quarterly Reportand are subject to a number of risks, uncertainties and assumptions described under the sections in our Annual Report on Form 10-K for the year endedDecember 31, 2025 entitled “Risk Factors” and elsewhere in this Quarterly Report. Given these risks and uncertainties, readers are cautioned not to placeundue reliance on such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made in this Form 10-Q andin other documents we file from time to time with the SEC that disclose risks and uncertainties that may affect our business. The forward-lookingstatements in this Form 10-Q do not reflect the potential impact of any divestiture, merger, acquisition, or other business combination that had not beencompleted as of the date of this filing. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot bepredicted or quantified and some of which are beyond our control, you should not rely on these forward-looking statements as predictions of future events.We undertake no obligation to update any forward-looking statement as a result of new information, future events or otherwise. REKOR SYSTEMS, INC. AND SUBSIDIARIESFORM 10-QFOR THE QUARTERLY PERIOD ENDED JUNE 30, 2026 PART I - FINANCIAL INFORMATIONITEM 1.FINANCIAL STATEMENTSUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSUNAUDITED CONDENSED CONSOLIDATED STATEMENTS O