The group said it has clinched a contract from an existing Class 1 railroad customer to upgrade a Railcar Inspection Portal and expand automated mechanical inspections.
For the period ended June 30, 2020, the Jacksonville, Florida-based company reported revenue of $1.98 million, compared to $1.35 million in the second quarter of 2019.
The contract is valued at around $2.1 million and will be executed in two phases, with half to occur in 2020 while the balance is to be completed in early 2021