IN BRIEF: Rosslyn Data Technologies sees delay to revenue receipt

Rosslyn Data Technologies PLC - cloud-based spend intelligence platform provider - says that some ...

Alliance News 5 March, 2025 | 8:14PM
Email Form Facebook Twitter LinkedIn RSS

Rosslyn Data Technologies PLC - cloud-based spend intelligence platform provider - says that some revenue it expected to receive from a "major new client" in the year ending April 30, is now expected to be received in financial 2026 instead. It is however "making excellent progress" in deploying its initial contract with the client, as its solution has been well-received. The client intends to embed the technology in one department before rolling it out to others. Also, Rosslyn says timelines for converting some pipeline opportunities have elongated but that it continues to expect "strong growth in the current year and beyond". Furthermore, it now expects on-year revenue growth of about 14% to around GBP3.3 million; a narrowed adjusted loss before interest, tax, depreciation and amortisation of around GBP1.7 million; and a cash balance of around GBP1.7 million at April 30, up from around GBP600,000 one year prior.

Current stock price: 4.20 pence, down 8.7% in London on Wednesday

12-month change: down 66%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Rosslyn Data Technologies PLC 4.05 GBX -11.96 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures