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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: 5.1 GBX

AIM:RDT
Market: AIM
Market Cap: £9.84 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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RNS

Trading Update

2 days, 22 hours ago

Holding(s) in Company

2 weeks, 4 days ago

Director/PDMR Shareholding

2 weeks, 5 days ago

Result of AGM

on 17/10/19

Board Changes

on 17/10/19

Acquisition

on 24/9/19

Final Results

on 17/9/19