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The latest update is out from Cordel Group PLC ( (GB:CRDL) ).
Cordel Group PLC has secured a £3m contract with Network Rail Infrastructure Limited to process point cloud data and deliver structure gauging outputs at scale across Britain’s rail network, with an option that could extend the deal to December 2028 for an additional £1.34m. Under the agreement, Cordel will convert LiDAR data from infrastructure monitoring units into compliant gauging files, update the National Gauging Database and configure key modules to help clear significant data backlogs and reduce operational and safety risks.
The project, which leverages Cordel’s fully automated AI platform already deployed on railways globally, deepens its role within Network Rail by supporting a bulk refresh of the National Gauging Dataset that the company already stores and manages. Alongside the contract win, Cordel’s chairman reported that revenue for the 10 months to end-April is expected to be more than 10% ahead of the comparable period in the prior year, and the board remains confident of meeting full-year FY26 expectations, underscoring the company’s strengthening commercial momentum.
Spark’s Take on CRDL Stock
According to Spark, TipRanks’ AI Analyst, CRDL is a Neutral.
The score is held back primarily by weak profitability and cash flow despite strong revenue growth and a conservative balance sheet. Technicals show short-term strength but appear overbought, while valuation is constrained by losses (negative P/E) and no indicated dividend support.
To see Spark’s full report on CRDL stock, click here.
More about Cordel Group PLC
Cordel Group PLC is an artificial intelligence platform provider focused on transport corridor analytics for the rail and wider transport sector. The company produces specialist hardware and software to capture, analyse and report on large-scale datasets, using advanced AI algorithms to support infrastructure monitoring and safety-critical decision-making for customers such as Network Rail.
Average Trading Volume: 208,188
Technical Sentiment Signal: Sell
Current Market Cap: £12.47M
For an in-depth examination of CRDL stock, go to TipRanks’ Overview page.