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Rosslyn Data Technologies sees clear road map to cash flow break-even

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Charles Clark, the chief executive of cloud analytics specialist Rosslyn Data Technologies (LON:RDT), told Proactive he is confident the group will reach cash flow break-even in the next 18 months to two years.

"We can see a clear road map through to cash flow break-even,"  said the boss of the AIM firm, which floated last year and raised £10mln at the same time.

The firm's plan is to partner with the big corporates and provide them with the tools to clean up their big data to save them money and time.

It is a vast market, which is growing at 17% a year, according to researcher Gartner, says Clark.

One of the partners is Xerox, with which it has 14 or 15 large pilot projects on the go, he added.

Broker Cenkos last November said Rosslyn had developed a cost effective, scalable cloud-based, networked solution delivered on a subscription basis which translates into £2.4mln of annualised recurring revenue with blue-chip customers. 

In January, its half year results to end October showed revenues up 23% to £1.25mln (2013: £1.019mln). The loss before tax was £1.68mln(2013: £1.67mln).

Rosslyn shares are down 2.61% to 14p.

Quick facts: Rosslyn Data Technologies PLC

Price: 5.4 GBX

AIM:RDT
Market: AIM
Market Cap: £18.3 m
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