Rosslyn Data Technologies PLC Trading Update (5746V)
2023年4月6日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 5746V
Rosslyn Data Technologies PLC
06 April 2023
6 April 2023
Rosslyn Data Technologies plc
("Rosslyn", the "Group" or the "Company")
Trading Update
Rosslyn (AIM: RDT), the provider of a leading cloud-based
enterprise data analytics platform, provides the following update
on trading for the year ending 30 April 2023.
As noted in Rosslyn's interim results announcement of 30 January
2023, the Company entered the second half of the 2023 financial
year with increasing revenue momentum whilst maintaining a tight
focus on cost control, enhancing efficiency and reducing cash burn.
The Board is pleased to report that this has continued throughout
the period and, accordingly, the Company expects to report
improvement in all of its recently introduced key performance
indicators for full year 2023 compared with the previous year and
compared with the interim position as at 31 October 2022.
Year to date, the Company has secured 6 new contracts with a
total contract value of GBP1.9m and is in the latter stages of
negotiations with regards to several other contracts. By virtue of
the size and the nature of certain of these clients, timeframes for
concluding these contracts may be more protracted and,
notwithstanding that they may be signed before the financial year
end, revenue from these contracts will be recognised in FY24. As
such the Company expects to report revenues of GBP2.9m with an
annual recurring revenue ("ARR") to be no less than GBP2.6m at year
end (2022: GBP2.2m). This represents an ARR growth of approximately
20% (2022: 9% reduction) with ARR expected to constitute at least
79% of total Group revenue in FY23. Whilst this revenue growth
primarily reflects new customers won during the year, it also
represents increased revenue from existing customers as the Company
expands its service provision, where the strength of Rosslyn's new
platform has enabled it to meet their demands for more enriched
data, such as providing insight into diversity and sustainability
within the supply chain.
The Company continues to receive strong demand for its new
platform that was launched during the year and has made good
progress on its partner-led go-to-market strategy. The Company has
continued to maintain tight control over costs and the Group's
monthly cash burn has been reduced to approximately GBP190k (2022:
GBP270k) with cash at the year ended expected to be GBP0.8m*.
Controlling costs and reducing monthly cash burn further remains a
key focus for the Board. However, and in order to capitalise on
customer demands for increased data, the Company has made certain
investments, including expanding its professional services team and
investing in technology. Accordingly, the Company expects to report
an EBITDA loss for FY 2023 of GBP2.4m (2022: GBP3.9m loss) on an
adjusted basis, and including the profit from the sale of the
Company's discontinued operations, share-based payments and
exceptional items the Company's EBITDA loss is expected to reduce
to approximately GBP2.1m.
* This projected cash balance does not include an expected
receipt of a GBP382k R&D tax credit which should be received
just after year end, for the financial year ended 30 April
2022.
Paul Watts, CEO of Rosslyn, said: "This has been a milestone
year for Rosslyn as we completed a fundamental transformation and
reintroduced ourselves with a new strategy. The response from our
clients and marketplace has been excellent and we are receiving
growing demand for our best-in-class procurement analytics solution
- both from new and existing customers as they increasingly
discover the value that our platform offers. While we have made
some investment to be able to capitalise on this demand, we have
been able to deliver improvement against all our KPIs, including a
substantial reduction in cash burn. Accordingly, we are pleased
with the progress to date and look forward to continuing to execute
on our strategy."
This announcement contains inside information.
Enquiries
Rosslyn
Paul Watts, Chief Executive Officer
James Appleby, Chairman +44 (0)20 3285 8008
--------------------
Cenkos Securities (Nominated adviser
and Broker)
--------------------
Stephen Keys/Camilla Hume +44 (0)20 7397 8900
--------------------
Gracechurch Group (Financial PR)
--------------------
Harry Chathli/Claire Norbury +44 (0)20 4582 3500
--------------------
About Rosslyn Data Technologies plc
Rosslyn (AIM: RDT) provides an award-winning spend analytics and
predictive analytics platform. The Rosslyn Platform helps
organizations with diverse supply chains mitigate risk and make
informed strategic decisions. It leverages automated workflows,
artificial intelligence and machine learning to extract and
consolidate procurement data providing visibility of complex
supplier data, enabling supplier spend savings and delivering
rapid ROI. For more information visit www.rosslyn.ai
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April 06, 2023 02:00 ET (06:00 GMT)
Rosslyn Data Technologies (LSE:RDT)
過去 株価チャート
から 3 2024 まで 4 2024
Rosslyn Data Technologies (LSE:RDT)
過去 株価チャート
から 4 2023 まで 4 2024