Rekor Systems Terminates Two Remaining Long-Term Real Estate Leases For ~$10M, $2M Annualized Savings Anticipated
Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), which builds trusted data, privacy, and security solutions for real-world video and sensor networks, today announced it has terminated its
Rekor stopped paying for two office buildings it was renting, saving about $2 million every year. This means the company is spending less money to run itself, which gives it more cash to use for other things.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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