Cordel (LSE: CRDL) has continued to win new contracts for its SaaS-based rail inspection services using LiDAR (Light Distance and Ranging) technology, but it is taking longer than expected to show through in revenues.
It is taking longer to reach profitability, but Cordel should be near to achieving that this year. There are significant contracts that have been gained from Network Rail and in the US. In July, a ballast profile analysis contract was gained in Australia.
Cordel recently won a five-year contract with Angel Trains to install fully automated monitoring hardware on in-service...
