Railway Metrics and Dynamics (RMDX) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was 3,386 TSEK, down from 6,170 TSEK year-over-year, with EBIT at -8,414 TSEK versus -1,332 TSEK.

• Focused on product deliveries, AI/ML development, and international expansion in H2 2024.

• Secured new patent for weight sensor, launched new office and AI/ML lab, and completed key innovation projects.

• Entered strategic partnerships and expanded product portfolio, including digital yard tools and safety systems.

• Nominated for Innovation Awards 2024 and strengthened relationships with major industry players.

Financial highlights

• H2 2024 revenue: 1,567 TSEK (1,481 TSEK in H2 2023); EBIT: -5,406 TSEK (-2,618 TSEK); EBITDA: -5,264 TSEK (-2,614 TSEK).

• Full-year 2024 revenue: 3,386 TSEK (6,170 TSEK in 2023); EBIT: -8,414 TSEK (-1,332 TSEK); EBITDA: -8,267 TSEK (-1,298 TSEK).

• Earnings per share: -0.34 SEK (-0.07 SEK in 2023).

• Capitalized development costs: 13,048 TSEK (9,808 TSEK in 2023).

• Cash flow for the year: -246 TSEK (-3,011 TSEK in 2023); cash at year-end: 1,223 TSEK.

Outlook and guidance

• Expects continued product and service development, with focus on international market growth.

• Anticipates increased demand for safety solutions due to regulatory changes effective June 2025.

• Ongoing negotiations and projects with major Nordic and international rail operators.