Cordel Group PLC

CRDL

Equity

ISIN GB00BYZQM590 / Valor 41815612

LSE London Stock Exchange, SETS (2024-09-17)

GBP 0.053%

Cordel Group PLC
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Cordel Group PLC specializes in providing advanced technology solutions for the inspection and monitoring of railroad networks. The company offers integrated hardware and software systems designed to capture, process, and analyze multi-channel sensor data, delivering structured insights for infrastructure management. By automating the inspection and survey processes, Cordel's solutions enhance safety, efficiency, and cost-effectiveness for railroad operators. A notable collaboration with the Australian Rail Track Corporation (ARTC) has demonstrated the effectiveness of Cordel's technology in reducing the need for manual inspections, thereby minimizing human error and operational risks across ARTC's extensive 8,500+ km network.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Cordel Group PLC reported a significant increase in total revenue for the year ended 30 June 2023. The company achieved a 34% growth in reported currency and a 35% growth in constant currency compared to the previous year. This growth is attributed to new contract wins and increased engagement with target markets.

Cost Management

For the same period, Cordel Group PLC successfully reduced its total expenses by 5% in reported currency and 6% in constant currency. This reduction was achieved through the rationalisation of business units, allowing the company to focus on its core LiDAR and AI solutions.

Contract Wins

During the year, Cordel Group PLC secured several key contracts, including a six-year contract with Amtrak in the USA valued at $6.7 million and a five-year contract with Angel Trains in the UK. These contracts are expected to provide a strong base of recurring revenue and support future growth.

Equity Placing

In March 2023, Cordel Group PLC completed an oversubscribed equity placing, raising £1.7 million (gross). The funds raised are intended to support the company's expansion strategy, particularly in the USA, and to strengthen its financial position.

Cash Position

As of 30 June 2023, Cordel Group PLC reported a cash balance and trade receivables totaling £2,692,672. This strong cash position provides the company with the financial flexibility to pursue further growth opportunities and invest in its technology development roadmap.

Summarized from source with an LLMView Source

Key figures

-4.36%1Y

-61.3%3Y

209%5Y

Performance

94.5%1Y

114%3Y

119%5Y

Volatility