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Spend intelligence platform provider, Rosslyn Data Technologies, has issued a trading update for FY25 (ended 30 April 2025) ahead of full-year results.
The AIM-listed company anticipates revenue growth of around 14% to £3.3m, alongside a marked reduction in adjusted EBITDA losses to £1.7m from the previous year's £2.5m deficit. The improved performance stems largely from higher-margin professional services and development work undertaken and a broader move away from lower margin contracts. In the previous financial year, revenue declined.
Despite the improvements, Rosslyn’s share price was down c.5.0% (at time of writing) as management acknowledged that the pursuit of larger enterprise clients is extending sales cycles. However, the firm’s Board remains confident about its prospects and believes the focus on sustainable, quality revenue growth positions the company well for the medium and longer term.
Posted by: Kate Hanaghan at 10:04
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tradingupdate