Railway Metrics and Dynamics Publishes Half-Year Report for January–June 2024

Initiated serial deliveries of both cameras and PMUs, new approved patents, agency agreement with Indonesian Artindo, strong patent valuation, and steadily increasing sales. The first half of 2024 for Railway Metrics and Dynamics is characterized by stability and international expansion, as summarized in the half-year report published today. The report is available as an attached document and on the company's website, railwaymetrics.com.

2024 began with high intensity for the company, with both testing and production being carried out and continuing with good progress into the second quarter. We have seen increased interest in our products from several new players, and our efforts to expand our presence in international markets are advancing rapidly.

During the spring, RMD received a number of orders for its products and is in advanced negotiations with several customers for additional orders. As a result, the company has decided to initiate serial production, initially producing 120 PMUs (Performance Monitoring Units) and 100 rear-view cameras for delivery to customers in the upcoming fall and winter.

We have also placed significant focus on further developing the advanced AI and Machine Learning solutions that form the foundation of our system. This is a central element in the digitalization of the railway sector, and we see substantial potential for our products.

The company is now in a phase moving towards serial deliveries and is expected to see steadily increasing revenues according to our business model. Our strategic goals are in line with the plan, with market trends aligning with our internal objectives. We also look forward to upcoming collaborations with our newly acquired partners in South America and Indonesia. We have made good progress and continue to focus on delivering value to our stakeholders.

Period January 1 – June 30, 2024

• The company's net sales for the period amounted to SEK 1,820 thousand (4,689)
• The operating result (EBIT) for the period amounted to SEK –3,003 thousand (1,286)
• EBITDA for the period amounted to SEK –3,003 thousand (1,316)
• Earnings per share for the period were SEK –0.14 (0.07)
• The company capitalized costs of SEK 7,099 thousand (4,051) during the period

Significant Events During the Reporting Period

• Warrants of series TO2 were exercised at a rate of 92.65 percent, and a set-off issue and a new share issue were carried out, which together provided the company with 8 326 thousand SEK after issuance costs
• RMD selected for Business Sweden's growth program Catalyst
• First serial delivery of new PMUs
• VÄTE Rail initially purchased two cameras
• Five "tollgates" delivered and invoiced in the MAJ project with Trafikverket
• Listing transfer from Spotlight Stock Market to Nordic Growth Market
• AWA Patent values RMD's patent portfolio at 20.71 million euros
• 1 million SEK in additional funding from Trafikverket for continued AI and Machine Learning development
• TX Logistik orders rear-view cameras for all locomotives in Sweden
• Green Cargo's MB locomotives equipped with RMD's infrastructure sensors

Significant Events After the Reporting Period

• RMD Expands Product Portfolio with New Patent for Weight Sensors
• The company begins serial production of both backup cameras and PMUs.
• RMD enters an agency agreement with Indonesian firm Artindo.
• Given the expressed interest, the company has decided to manufacture 100 rear-view cameras during the fall and upcoming winter
• VÄTE Rail has placed an order for 120 PMUs
• Serial delivery of 25 rear-view cameras

Agency agreement signed in Indonesia

RMD has been selected to participate in Business Sweden's growth program Catalyst, marking a significant step in the company's global expansion strategy. The program offers a tailored project plan for market entry, advice from experienced coaches, and access to Business Sweden's extensive global network.

As a direct result of participating in the program, RMD, after the end of the reporting period, has entered into an agency agreement with the Indonesian company Artindo. This agreement represents an important milestone for RMD and signifies a strategic opening for us in the Asian market.