GlobeNewswire·Aug 26, 2026, 7:32 AM ET

Rail Vision Delivers Strong Commercial Momentum in First Half of 2026 with Revenue Exceeding $1 Million

RVSN

Rail Vision reported first-half 2026 revenues of $1,015,000, a 328% increase from $237,000 in the same period of 2025, driven by ShuntingYard System deliveries to Railserve & services for existing customers.
ShuntingYard technology was integrated into Railserve's commercial YardGUARD system in the U.S., with a non-binding memorandum of understanding signed to explore further deployments.
Field testing of ShuntingYard with Israel Railways was successfully completed, leading to discussions on potential commercialization & deployment.
A proof-of-concept evaluation of the MainLine system was completed in India with a major operator & Sujan Industries, with further evaluation & controlled deployment opportunities advancing.
The Company acquired a 51% controlling interest in Quantum Transportation in January 2026, expanding its quantum computing & AI capabilities.
Research & development expenses rose to $5,196,000 from $3,241,000, including a $1,028,000 non-cash write-off of acquired in-process research & development related to the Quantum Transportation acquisition.
General & administrative expenses increased to $3,150,000 from $2,512,000, attributed to currency depreciation, higher share-based payments, & consolidation of Quantum Transportation expenses.
The Company recorded an operating loss of $8,029,000 for the six months ended June 30, 2026, compared to $5,705,000 in the prior year period.
GAAP net loss for the first half of 2026 was $7,310,000 ($3.30 per share), while non-GAAP net loss was $6,754,000 ($3.05 per share).
Cash, cash equivalents, & restricted cash totaled approximately $15.6 million as of June 30, 2026, with no financial debt outstanding.
The Company raised approximately $1.1 million in gross proceeds from its at-the-market offering program during the first half of 2026.