Rosslyn Data Technologies PLC - Portsmouth, England-based data management and analytics service provider - Says it has entered the second half of the financial year ending on April 30 with increasing revenue momentum. Expects to report improvement in all of its recently introduced key performance indicators for financial 2023.

To date, says it has secured 6 new contracts with total contract value of GBP1.9 million. Expects to report revenue of GBP2.9 million for financial 2023 with annual recurring revenue to be no less than GBP2.6 million at year-end, up from GBP2.2 million the year before. Says it has made investments to capitalise on customer demands for increased data. Thus, Rosslyn expects to report a loss before interest, tax, depreciation and amortisation of GBP2.4 million, narrowed from a loss of GBP3.9 million the year before.

Chief Executive Officer Paul Watts says: "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."

Current stock price: 0.66 pence each, down 9.0% on Thursday morning in London

12-month change: down 77%

By Xindi Wei, Alliance News reporter

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