Rosslyn Data Technologies PLC - cloud-based spend intelligence platform provider - says that some revenue it expected to receive from a ‘major new client’ in the year ending April 30, is now expected to be received in financial 2026 instead. It is however ‘making excellent progress’ in deploying its initial contract with the client, as its solution has been well-received. The client intends to embed the technology in one department before rolling it out to others. Also, Rosslyn says timelines for converting some pipeline opportunities have elongated but that it continues to expect ‘strong growth in the current year and beyond’. Furthermore, it now expects on-year revenue growth of about 14% to around £3.3 million; a narrowed adjusted loss before interest, tax, depreciation and amortisation of around £1.7 million; and a cash balance of around £1.7 million at April 30, up from around £600,000 one year prior.
Current stock price: 4.20 pence, down 8.7% in London on Wednesday
12-month change: down 66%
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