Data analytics tiddler Rosslyn Data Technologies (RDT:AIM) is expected to have to raise further funding in 2016 as it continues to burn through its own cash balance.

Rosslyn joined AIM almost exactly two years ago (29 April 2014) raising roughly £10 million at 33p a share. That money is fast running out, with the company confirming £1.8 million remains on the books as of its year-end to 30 April. The shares have fallen to 9.62p.

The company ate through £2.9 million of cash during the period leaving roughly eight months of funding at current run rates. This implies that a cash call could come alongside the official publication of full year results, expected in early September.

Rosslyn continues to comment on new contracts, deeper partnerships with both Microsoft (MSFT:NDQ) and PwC, and tighter cost control. But the sort of rapid growth investors might have expected remains elusive.

Full year revenue of £3.9 million to £4 million, and £2.4 million pre-tax loss, suggests ongoing struggles to find the growth throttle. We understand that revenue expectations for the full year had been pitched at £5 million.

An exciting space but Rosslyn lacks scale as an independent.