Railway Metrics and Dynamics (RMDX) Q2 2024 earnings summary

Executive summary

• Net sales for January–June 2024 were SEK 1,820 thousand, down from SEK 4,689 thousand year-over-year, mainly due to lower invoicing to Trafikverket.

• Operating result (EBIT) was SEK -3,003 thousand, compared to SEK 1,286 thousand in the same period last year.

• Serial production of sensors and cameras commenced, with significant orders from TX Logistik and VÄTE Rail.

• International expansion advanced with agency agreements in Indonesia and a proof-of-concept project in Brazil.

• Patent portfolio revalued to SEK 156,153 thousand, reflecting new patents and technological innovations.

Financial highlights

• Net sales: SEK 1,820 thousand (SEK 4,689 thousand in H1 2023).

• EBIT: SEK -3,003 thousand (SEK 1,286 thousand in H1 2023).

• EBITDA: SEK -3,003 thousand (SEK 1,316 thousand in H1 2023).

• Earnings per share: SEK -0.14 (SEK 0.07 in H1 2023).

• Liquid assets: SEK 1,345 thousand (SEK 2,882 thousand as of June 30, 2023).

• Equity: SEK 147,067 thousand (SEK 20,214 thousand as of June 30, 2023).

Outlook and guidance

• Revenue expected to increase in H2 2024 and into 2025 as higher invoicing to Trafikverket resumes and rental agreements ramp up.

• Continued focus on product development, international expansion, and maintaining a high pace in the railway market.