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