5th May 2016 08:23
LONDON (Alliance News) - Rosslyn Data Technologies PLC Monday said it expects to report a narrowed pretax loss and revenue growth for its recently-ended financial year.
The big data cloud technology firm said it plans to release its results for the year to end-April in early September.
It expects to report a pretax loss of no more than GBP2.4 million, narrowed from a pretax loss of GBP3.5 million the year before, on revenue of between GBP3.9 million and GBP4.0 million, up from GBP2.8 million.
The company said that it has agreed terms with a number of new customers, and whilst these contracts were not signed during the year, they are expected to be signed "imminently".
For its current year it expects revenue growth to remain strong, and it will continue to focus on achieving cash flow breakeven.
Shares in Rosslyn Data Technologies were down 2.6% at 9.50 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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