Business
Full Year Results (Unaudited)
Full Year Results (Unaudited).
About this update from Rosslyn Data Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 0904P Rosslyn Data Technologies PLC 14 August 2014 \n \n\n14 August 2014\nRosslyn Data Technologies plc\n(\"Rosslyn\", the \"Company\" or the \"Group\")\n \n \nFull Year Results (Unaudited)\n \nRosslyn Data Technologies plc (AIM: RDT), the provider of a leading cloud-based enterprise data analytics platform, which was admitted to AIM on 29 April 2014, today announces its maiden, unaudited, preliminary results for the year ended 30 April 2014.\n \n \nHighlights\n \n· Encouraging progress made since the Company's IPO in April 2014:\n- Results in line with expectations;\n- We have grown our customer base by over 50% as our partnership strategy brings an expanded client base;\n- We continue to see an increase in revenues from existing clients as the 'land and expand' strategy bears fruit;\n- We are pleased to announce that the Company is in advanced talks with a number of new partners and hope to be\n able to make a further announcement about partner arrangements soon.\n \n· Revenues up 12.6 per cent to £2.1m (2013: £1.8m) \n \n· Strong cash position at year end of £9.0m (2013: £0.1m) - £10m (gross) raised through a placing at IPO, providing a solid base from which to grow the business and exploit market opportunities\n \n· Pre-tax loss of £3.0m, after a one-off exceptional charge of £0.2m\n \n· Continued focus on R&D in the year to 30 April 2014, as part of the Group's commitment to investing in the development of its product offering\n \n· First patent filed in the period, for Rosslyn's unique machine learning data technology, with a further application expected in 2014-15\n \n· Looking ahead, the Board is confident about the Group's growth prospects\n \n \nCharles Clark, CEO of Rosslyn, said, \"Following Rosslyn's admission to AIM in April, I am pleased to report that the Group has made good progress and has recorded an encouraging set of results for the year ended 30 April 2014. \...