Rosslyn Data Technologies (RDT)

Sector:

IT Services

Index:

FTSE AIM All-Share

 5.10p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.75
  • 52 Week Low: 5.00
  • Currency: UK Pounds
  • Shares Issued: 339.86m
  • Volume: 0
  • Market Cap: £17.33m
  • RiskGrade: 197

Rosslyn Data warns of slower start to FY

By Iain Gilbert

Date: Wednesday 11 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Big data firm Rosslyn Data Technologies told investors on Wednesday that it has had a slower than expected start to sales in the first few months of the financial year.
Rosslyn said professional service revenues for the half had been impacted due to some clients opting to defer contracted projects to a later period. In addition, the group revealed it had also decided not to renew client contracts with a high element of resale revenue which were unsustainable due to low levels of gross margin.

However, the AIM-listed group said it had signed a new spend analytics client in the transport sector. The contract was said to be worth £410,000 over a three-year term - with the first revenues being recognised in the second half of the current financial year.

The recently acquired Langdon business was projected to have retained annual recurring revenues in excess of £400,000 and this was said to potentially increase as renewals, revisions and new business contracts were finalised.

With further contract wins expected in the coming months and tight control on costs, Rosslyn still expects full-year results to be in line with market expectations.

Chief executive Roger Bullen said: "We continue to focus our attention on building out our client base with sustainable ARR, ensuring that gross margins are in line with our expectations.

"I am delighted that we continue to win significant contracts with major industry leaders with the RAPid platform demonstrating our domain expertise and knowledge."

As of 0940 GMT, Rosslyn shares had shed 13.59% to 5.10p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RDT Market Data

Currency UK Pounds
Share Price 5.10p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.75
52 Week Low 5.00
Volume 0
Shares Issued 339.86m
Market Cap £17.33m
RiskGrade 197

RDT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.62% above the market average9.62% above the market average9.62% above the market average9.62% above the market average9.62% above the market average
17.02% above the sector average17.02% above the sector average17.02% above the sector average17.02% above the sector average17.02% above the sector average
Price Trend
82.68% below the market average82.68% below the market average82.68% below the market average82.68% below the market average82.68% below the market average
74.07% below the sector average74.07% below the sector average74.07% below the sector average74.07% below the sector average74.07% below the sector average
Income Not Available
Growth
67.40% above the market average67.40% above the market average67.40% above the market average67.40% above the market average67.40% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RDT Dividends

No dividends found

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

RDT Key Personnel

Chair James Appleby
CFO Ashoni (Ash) Kumar Mehta
CEO Paul Watts

Top of Page