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Rosslyn Data Technologies PLC on Monday said it looks to the future with confidence, as it posted full-year improvements in its top and bottom lines. The London-based data analytics company reported a pretax loss of £2.6 million for the financial year that ended April 30, narrowing from £3.6 million a year earlier. Revenue improved 5.3% to £3.0 million from £2.9 million, with lower costs further supporting the bottom line. Operating expenses fell 15% to £3.9 million from £4.7 million driven by a reduction in administrative expenses to £3.3 million from £4.1 million. The company said its monthly cash burn ‘significantly reduced’ to £160,000 from £218,000 a year prior. Shares in the company traded 6.3% higher at 3.40 pence on Monday afternoon in London. Looking ahead, Rosslyn Data said it entered the new financial year in a superior position than it did with the prior year, owing to its ‘strengthened balance sheet, stable customer base, expanded pipeline and having successfully delivered the first phase of a significant project with one of the world’s largest companies.’ The company noted that trading in the first quarter went as anticipated, with it continuing to possess a ‘strong pipeline’. The company’s total pipeline at April 30 was £4.1 million, up 24% from £3.3 million a year prior. ‘Over the last two years, Rosslyn has been on a complex turnaround journey. This involved the investment of significant resources into developing an AI-based platform, balanced against undertaking fundraising activity to address our cash flow. This development project has now come to fruition with our AI classification tool, AICE, having been fully released and stress tested by some of the largest companies in the world with substantial volumes of data,’ said Chief Executive Paul Watts. ‘At the same time, the actions taken during financial 2024 and into financial 2025 have driven an improvement in financial performance. Accordingly, and with an increased cash balance and strong pipeline, we exited the year in a stronger position than we entered and we look to the future with confidence.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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