Rail Vision Secures $1M Order, Part of $5M Contract
Ticker: RVSNW · Form: 6-K · Filed: Apr 11, 2024 · CIK: 1743905
| Field | Detail |
|---|---|
| Company | Rail Vision Ltd. (RVSNW) |
| Form Type | 6-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1 Million, $5 Million |
| Sentiment | bullish |
Sentiment: bullish
Topics: new-order, contract, revenue-growth
TL;DR
Rail Vision lands $1M order from US rail giant, part of a potential $5M deal.
AI Summary
Rail Vision Ltd. announced on April 11, 2024, that it received a $1 million order from a leading US-based rail and leasing services company. This order is part of a larger contract valued at up to $5 million. The press release detailing this order is incorporated into Rail Vision's SEC filings.
Why It Matters
This significant order demonstrates market traction for Rail Vision's technology and contributes to its revenue growth potential within a substantial contract.
Risk Assessment
Risk Level: medium — While the order is positive, the full value of the contract is still potential, and execution risk remains.
Key Numbers
- $1.0B — Order Value (Immediate revenue from this specific order)
- $5.0B — Contract Value (Total potential revenue from the contract)
Key Players & Entities
- Rail Vision Ltd. (company) — Announcing company
- $1 million (dollar_amount) — Value of the new order
- $5 million (dollar_amount) — Total potential value of the contract
- April 11, 2024 (date) — Date of the announcement
- US-based rail and leasing services company (company) — Customer receiving the order
FAQ
What specific product or service is this $1 million order for?
The filing does not specify the exact product or service, only that it is from a leading US-based rail and leasing services company.
When is the $1 million order expected to be fulfilled?
The filing does not provide a timeline for the fulfillment of this order.
What are the key milestones or conditions for the remaining $4 million of the contract?
The filing does not detail the specific conditions or milestones for the remaining $4 million of the contract.
Has Rail Vision Ltd. previously worked with this US-based rail and leasing services company?
The filing does not state whether this is a new or existing customer relationship.
What is the significance of incorporating this press release into Form F-3 and Form S-8 filings?
Incorporating the press release into these registration statements makes the information publicly available and relevant to investors considering these securities.
Filing Stats: 289 words · 1 min read · ~1 pages · Grade level 10.8 · Accepted 2024-04-11 16:00:19
Key Financial Figures
- $1 Million — 024, titled “Rail Vision Received $1 Million Order out of a Contract Valued at Up to
- $5 Million — Order out of a Contract Valued at Up to $5 Million with Leading US-Based Rail and Leasing
Filing Documents
- ea0203701-6k_railvision.htm (6-K) — 12KB
- ea020370102ex99-1_railvision.htm (EX-99.1) — 9KB
- 0001213900-24-032193.txt ( ) — 22KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Rail Vision Ltd. Date: April 11, 2024 By: /s/ Ofer Naveh Name: Ofer Naveh 3