Cordel expects full-year earnings -April 2, 2024 at 3:30 PM

Cordel expects full-year earnings -April 2, 2024 at 3:30 PM
Cordel expects full-year earnings -April 2, 2024 at 3:30 PM
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Cordel Group PLC – a London-based company whose flagship platform uses artificial intelligence to provide analytics of transport corridors – says it is confident of achieving its revenue expectations for the financial year ending June 30. Revenues for the 2023 financial year were GBP3.0 million. Notes that the delivery of the USD6.7 million contract with Amtrak, the national rail operator for the US, signed in March last year, continues to make good progress. Chief Executive Officer John Davis said: “Our sales team around the world is working hard on our June 30 targets, while our technology team continues to deliver high-quality, timely results to customers. New product development continues at a rapid pace, with a particular focus on automation and refinement.”

Current share price: 3.30 pence, down 5.7% in London on Tuesday

12-month change: 47% lower

By Sabrina Penty, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All rights reserved.

The article is in Dutch

Tags: Cordel expects fullyear earnings April

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