Cordel Group PLC - London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics - Says it is confident in achieving its full-year revenue expectations for the financial year ending June 30. Its financial 2023 revenue was £3.0 million. Notes that the delivery of its $6.7 million contract with Amtrak, the national rail operator for the US, which was signed in March of last year, continues to make good progress. Chief Executive Officer John Davis says: ‘Our sales team around the world is working hard towards our 30 June objectives, while our technology team continues to deliver high quality, on-time results to customers. New product development continues at pace, with a particular focus on automation and refinement.’
Current stock price: 3.30 pence, down 5.7% in London on Tuesday
12-month change: down 47%
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