Rosslyn Data Technologies PLC Trading Update (8004A)
04 June 2021 - 4:00PM
UK Regulatory
TIDMRDT
RNS Number : 8004A
Rosslyn Data Technologies PLC
04 June 2021
4 June 2021
Rosslyn Data Technologies plc
("RDT", the "Group", the "Company")
Trading Update
Rosslyn Data Technologies plc (AIM: RDT), a leading global big
data technology company, is pleased to issue the following
statement, ahead of the Group's results announcement for the year
ended 30 April 2021, which is scheduled to be released in
September.
Trading Update
The Board is pleased to report that, in a challenging year and
against a backdrop of COVID lockdowns slowing client opportunities,
the Group expects to report that revenue grew during the year by 4%
to GBP7.4 million (2020: GBP7.1 million). As was noted in the
Group's interim results, the Company has made significant
investments into its sales and marketing teams and, as such, the
Board is pleased that the Group was still able to deliver Operating
EBITDA (excluding share-based costs and exceptional costs) in line
with market expectations at a loss of around GBP250,000 (2020:
profit of GBP36,000).
The Group has continued to robustly manage its cash and ended
the year with a cash balance of GBP6.7 million (2020: GBP0.8
million), whilst bank debt stood at GBP0.9 million (2020:
GBP1.2million).
Paul Watts, Chief Executive, said:
" This past financial year has been one of investment, which has
provided us with a solid platform on which we can capitalise and
grow as the global economy starts to return to some degree of
normality. I am pleased with how the Group has performed in these
challenging times and the gains that we have made through investing
in our infrastructure. After taking over as CEO, I have instigated
operational reviews across the business, with the view to targeting
investment for organic growth in the areas where it will deliver
the best return, and I am looking forward to the future with
confidence".
Rosslyn Data Technologies Paul Watts, Chief Executive +44(0) 20 3285
plc Officer 8008
Ash Mehta, Chief Financial +44(0) 20 3051
Officer 7798
Cenkos Securities,
Nominated Adviser, Stephen Keys / Giles Balleny +44(0)20 7397
Broker / Camilla Hume 8924
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT) is a leading provider
of a cloud-based big-data analytics platform. The company provides
analytical services by combining four key technologies: bulk data
extraction; cleansing; enrichment; and visualisation, through a
single cloud platform enabling users with detailed data to make
more informed decisions. Rosslyn's RAPid platform is the Group's
primary product available to its multinational customers.
Further information can also be found on the Company's website
at: www.rosslyndatatech.com
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END
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