IN BRIEF: Rosslyn Data shares dive as interim results similar on-year
Rosslyn Data Technologies PLC - London-based data analytics company - Pretax loss is broadly unchanged on-year at GBP1.5 million in the six months to October 31. Revenue climbs 8.7% to GBP1.5 million from GBP1.4 Million. Administrative costs increase 5.8% to GBP1.7 million from GBP1.6 million. Looking ahead, Rosslyn Data says: "The achievements during the year to date mean that the group remains on track to become cash flow generative in financial year 2027. In order to continue to meet this target and to ensure that the group has sufficient working capital at all times, the board continues to monitor the group's cost base closely and assess the group's various funding options on an ongoing basis." Further, the firm says it expects to report growth for the current financial year ending on April 30, with a slight rise in year-on-year revenue and an uptick in annual recurring revenue over 15%. Further, it anticipates that it will deliver a reduction in adjusted loss before interest, tax, depreciation and amortisation of 25% for financial 2026. Read More