Rail Vision Ltd. ( (RVSN) ) has issued an announcement.
Rail Vision Ltd. announced its financial results for the second half and full year of 2024, reporting significant revenue growth and operational progress. The company secured over $34 million in funding, expanded its market presence in the U.S., and entered the Indian market through a partnership with Sujan Ventures. Key achievements include the first national rail installation of its AI-based technology in Israel and the launch of new products like the Active Control System and D.A.S.H. platform. Despite a decrease in research and development expenses, the company recorded a GAAP net loss of $30.7 million for 2024, influenced by revaluation of derivatives and warrants liabilities.
More about Rail Vision Ltd.
Rail Vision Ltd. is an early commercialization stage technology company focused on revolutionizing railway safety and the data-related market. The company offers solutions such as fleet management, data services, and cloud integration, aiming to create a comprehensive railway safety and analytics ecosystem.
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Technical Sentiment Signal: Buy
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