Rail Vision Ltd. announced its financial results for the second half and full year ended December 31, 2024, on March 31, 2025. The company reported a significant increase in total revenue, reaching $1.30 million for 2024, a substantial rise from $142,000 in 2023.
Gross profit also improved, totaling $450,000 in 2024 compared to $81,000 in the prior year. Despite this revenue growth, the GAAP net loss for 2024 widened to -$30.71 million, an increase from -$11.15 million in 2023, primarily attributed to expenses related to derivative liabilities.
As of December 31, 2024, cash and cash equivalents stood at $17.2 million. CEO Shahar Hania noted that 2024 was a transformative year, with over $34 million secured in funding since the beginning of the year, key orders delivered, and strengthened U.S. market presence.
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