Rosslyn Data Technologies (RDT)

Sector:

IT Services

Index:

FTSE AIM All-Share

5.40p
   
  • Change Today:
      0.050p
  • 52 Week High: 7.60
  • 52 Week Low: 3.55
  • Currency: UK Pounds
  • Shares Issued: 338.92m
  • Volume: 387,339
  • Market Cap: £18.30m
  • RiskGrade: 304

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.

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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 5.40p
Change Today 0.050p
% Change 0.93 %
52 Week High 7.60
52 Week Low 3.55
Volume 387,339
Shares Issued 338.92m
Market Cap £18.30m
RiskGrade 304

RDT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.46% below the market average43.46% below the market average43.46% below the market average43.46% below the market average43.46% below the market average
52.08% below the sector average52.08% below the sector average52.08% below the sector average52.08% below the sector average52.08% below the sector average
Price Trend
36.12% above the market average36.12% above the market average36.12% above the market average36.12% above the market average36.12% above the market average
16.50% above the sector average16.50% above the sector average16.50% above the sector average16.50% above the sector average16.50% above the sector average
Income Not Available
Growth
35.06% above the market average35.06% above the market average35.06% above the market average35.06% above the market average35.06% above the market average
20.43% above the sector average20.43% above the sector average20.43% above the sector average20.43% above the sector average20.43% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
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 07-Jul-2020

Time Volume / Share Price
16:35 100,000 @ 5.25p
15:13 12,358 @ 5.30p
14:18 500 @ 5.30p
14:06 16,981 @ 5.30p
13:47 10,000 @ 5.30p

RDT Key Personnel

CEO Roger Bullen
CFO Ashoni (Ash) Kumar Mehta

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