IN BRIEF: Rosslyn Data loss narrows as sales and margins improve
Rosslyn Data Technologies PLC - London-based data analytics company - On Thursday, says pretax loss narrows to GBP1.4 million in the six months to October 31 from GBP2.0 million a year prior. Revenue increases to GBP1.5 million from GBP1.4 million. Administrative expenses reduce to GBP1.6 million from GBP2.2 million. Gross margin improves to 40.0% from 35.5%. Cash burn rate was reduced to GBP125,000 per month from GBP276,000 per month. Chief Executive Paul Watts says: "This has been a landmark period for Rosslyn where a number of the initiatives that we have been working on over the past 12-18 months have come to fruition." Notes progress in artificial intelligence although stresses "we are still at the early stages of our AI journey." "Looks to the future with confidence." Read More