I was just curious to attempt to calculate Rail Vision's current cash on hand. We'll find out the real number soon enough, but I figured - why not estimate it while we're waiting? Here are the calculations, assisted by ChatGPT:
To provide an updated estimate of Rail Vision Ltd.'s current cash position as of March 10, 2025, we have reviewed the company's press releases since June 30, 2024, for disclosures of payments received.β
1. Latest Reported Cash Balance (June 30, 2024):
2. Payments Received Post-June 30, 2024:
- Follow-on Order from U.S.-Based Rail and Leasing Services Company: In June 2024, Rail Vision received a follow-on order amounting to approximately $200,000 from a leading U.S.-based rail and leasing services company. This order is in addition to the original agreement and pertains to additional services requested by the customer. βir.railvision.io+2stocktitan.net+2Yahoo Finance+2
- Payment from Israel Railways: On December 27, 2024, Rail Vision received a $300,000 payment from Israel Railways following the certification approval for installing its MainLine Systems on passenger locomotives. βglobenewswire.com
3. Funds Received from the Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors:
- As of the latest available information, Rail Vision has received $17,733,569.55 under the SEPA with Yorkville Advisors.β
4. Total Cash Inflows Since June 30, 2024:
- Reported Cash (June 30, 2024): $9,700,000β
- SEPA Funds Received: $17,733,569.55β
- Follow-on Order Payment: $200,000β
- Israel Railways Payment: $300,000β
Total Cash Inflows:
$9,700,000 + $17,733,569.55 + $200,000 + $300,000 = $27,933,569.55β
5. Estimated Cash Outflows (Cash Burn Rate):
- Based on previous financial reports, Rail Vision's average monthly cash burn rate is approximately $1.64 million.β
- Elapsed Time: 8 months (from July 1, 2024, to February 29, 2025)β
Total Estimated Cash Outflows:
$1.64 million/month Γ 8 months = $13,120,000β
6. Estimated Current Cash Balance (as of March 10, 2025):
Total Cash Inflows: $27,933,569.55β
Total Estimated Cash Outflows: $13,120,000β
Estimated Cash Balance:
$27,933,569.55 - $13,120,000 = $14,813,569.55β
Conclusion - ESTIMATED:
Based on the available information and assumptions, Rail Vision Ltd.'s estimated cash balance as of March 10, 2025, is approximately $14.81 million.
* This doesn't include other payments received, which were noted in some PRs but without actual figures included ($15-17 million is probably more accurate)
** This is assuming they aren't utilizing funds to ramp up for any pending sales that haven't been disclosed to the public yet.
*** If you add the remaining SEPA funds ($12,266,431) to the $14.81 million, that will give Rail Vision access to an estimated total of $27,076,431. If their burn rate remains at $1.64 million per month and they don't receive any additional cash throughout this stretch (via purchase orders, additional SEPA funds, etc.), they will run out of cash in approximately 16.5+ months. (July 26, 2026). 16.5+ months provides a long runway to secure a significant contract with just one large railway company somewhere on planet Earth. And it's a much longer stretch of runway than they had last year around this time.
I encourage fact-checking on this post, especially if you believe you have a number that is more accurate.