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viewRosslyn Data Technologies PLC

Rosslyn brings ‘big data’ to the forefront

Snapshot

  • Provides data management and analytics services
  • Services delivered through RAPid platform
  • Cash generative in the year to 30 April 2019
Big Data

Quick facts: Rosslyn Data Technologies PLC

Price: 6.075 GBX

AIM:RDT
Market: AIM
Market Cap: £11.72 m
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What Rosslyn does

Rosslyn Data Technologies PLC (LON:RDT) provides data management and analytics services to businesses through RAPid, a platform that automatically extracts, aggregates, improves and organises data and documents for analysis.

The company also has a research arm, RAPid Labs, which works with both private sector organisations and universities to develop new technology projects covering a wide range of areas including machine learning, cognitive computing, and predictive analytics.

How it's doing

In December, Rosslyn Data Technologies PLC (LON:RDT) said results this year would hit market expectations even with a slow start to the year for the big data specialist and some order deferrals in its professional services division.

A new contract with a rail rolling stock maker and worth £410,000 over a three-year term has started to contribute, while customs planning for Brexit is giving a boost to the Langdons supply chain data business acquired last September.

Langdon Systems was acquired from administrators for less than £50,000 cash in September.

Langdon handles tasks like reporting and data mining for around 60 blue-chip clients, with its strength lying in import and export duty management systems, for both on-premise and cloud-based software.

In its last full year to April, revenue grew 8.3% to £7.0mln from £6.4mln the year before on the back of annual licence fee revenue growth of 9.2% to £5.4mln from £5.0mln.

The loss before income tax narrowed significantly to £1.70mln from £3.69mln  and the bulk of the loss was accounted for by £1.04mln in depreciation and amortisation (2018: £1.06mln).

Inflexion points

  • Brexit work helps revenues at Landon pick up
  • Continues growth in licence fees
  • New contracts as use of Big data gathers pace

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Investor Update: Rosslyn Data Technologies grows revenues and generates cash

Top stories from the Proactive Investors UK newsroom: Rosslyn Data Technologies PLC (LON:RDT) cut its operating losses by 75% in the last financial year, while also turning cash generative and, according to the company, is well-positioned in the current year. In a trading update ahead of...

on 29/5/19

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