Rosslyn Data Technologies PLC - London-based data analytics company - On Thursday, says pretax loss narrows to £1.4 million in the six months to October 31 from £2.0 million a year prior. Revenue increases to £1.5 million from £1.4 million. Administrative expenses reduce to £1.6 million from £2.2 million. Gross margin improves to 40.0% from 35.5%. Cash burn rate was reduced to £125,000 per month from £276,000 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.’
Current stock price: 5.13 pence, closed up 0.5% in London on Friday
12-month change: down 70%
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