Patent valuation, Business Sweden's Catalyst program, numerous deliveries and tests, and an order for a "Proof of Concept" to
The transformation of the railway has become a government issue, and we have and will continue to participate in that discussion. Safety issues have also become highly topical, with the
2024 is expected to continue at a rapid pace, and our visibility in the railway sector will increase both domestically and internationally. We continue to focus on further developing the product to remain at the forefront of the railway's ongoing transformation.
Progress update
- Our strategic goals are in line with the plan, with market trends matching our forecasts. We are pleased with the progress and continue to focus on delivering value to our stakeholders, commented
Period:
- The company's net sales for the period amounted to 760 (1,760) TSEK.
- The operating result (EBIT) for the period amounted to -1,673 (857) TSEK.
- EBITDA for the period amounted to -1,673 (881) TSEK.
-
Earnings per share for the period were -0.09
(0.05) SEK . - The company capitalized costs of 3,428 (1,577) TSEK during the period.
Significant events during the reporting period
- Series T02 subscription options were exercised to 92.65 percent.
- RMD selected for Business Sweden's growth program, Catalyst.
- First serial delivery of new PMUs.
- VÄTE Rail purchased two cameras for testing.
-
Three "tollgates" delivered and invoiced in the MAJ project with the
Swedish Transport Administration .
Significant events after the end of the reporting period
- Listing change from
Spotlight Stock Market to Nordic Growth Market. -
Expansion to
South America . -
Additional
SEK 1 million financing from theSwedish Transport Administration for continued development of AI and Machine Learning. - Green Cargo's MB locomotives equipped with RMD's infrastructure sensors.
-
TX Logistics ensures that all locomotives in
Sweden are equipped with rear-view cameras. -
AWA Patent evaluates RMD's patent portfolio at
EUR 20.71 million .
The camera market is accelerating and estimated to reach 800-1200 units in
Railway Metrics and Dynamics (RMD) has assessed the Swedish market for rear-view cameras and estimates the need to be between 800 and 1200 units. With today's increased focus on safety in the railway sector, the expectation is that the Nordic market will follow
The transition to digital solutions for train reversing, for example during shunting, is expected to be accelerated by the Swedish Work Environment Authority's decision to prohibit riding on footboards. The prohibition takes effect from
Patent Valuation
During the period, the company's patent portfolio was valued by the market-leading AWA Patent. The value is determined at
After consideration with tax and accounting advice, the company's board has decided to write up its intangible assets to 65% of the patent's value, including the already accrued intangible assets in the accounts.
The write-up is based on the company's expected turnover from the patents and the value it is expected to generate and should therefore be seen as an asset to report. The amount of the write-up is made cautiously and therefore constitutes only a part of the total valuation.
For more information, please contact:
Phone: +46 (0)70-587 76 26
Email: jan.lindqvist@railwaymetrics.com
Railway Metrics and Dynamics is a Swedish technology company founded in 2011. The company develops and delivers a comprehensive system platform for real-time management and monitoring of physical assets. The platform is based on patented sensor technology, advanced algorithms, Machine Learning, and AI. The company targets all markets, with a focus on trains and railway infrastructure. Its market is global, and it has its headquarters in
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