Trading Update

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 £7.4 million (2020: £7.1 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 £250,000 (2020: profit of £36,000).

The Group has continued to robustly manage its cash and ended the year with a cash balance of £6.7 million (2020: £0.8 million), whilst bank debt stood at £0.9 million (2020: £1.2million).

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 plc	Paul Watts, Chief Executive Officer	[phone]
	Ash Mehta, Chief Financial Officer	[phone]
Cenkos Securities, Nominated Adviser, Broker	Stephen Keys / Giles Balleny / Camilla Hume	[phone]

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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