Report

Contracts coming in thick and fast

RDT saw a temporary dip in H1’20 sales (-11.7% lower to £3.12m), due primarily to macro uncertainties and delayed customer decision making.

However C-suite confidence is returning, and Annual Recurring Revenues have now tipped £6.3m (+24.7% vs £5.05m Oct’18), with the orderbook mushrooming to £6.4m (+25.5% vs £5.1m Apr’19

Research forecasts: FY20 EBITDA (post SBPs) target of -£110k has been retained, along with the 12p/share valuation, equivalent to c. 3.1x FY20 EV/sales. Net debt is scheduled to exit Apr’20 at £800k vs £975k in Oct’19.
Underlying
Rosslyn Data Technologies

Rosslyn Data Technologies is engaged in the development and provision of data analytics software. Co. develops and commercializes its customer-centric cloud data platform, RAPid. RAPid extracts, integrates and synchronizes data from sources. RAPid then transforms and enriches this data, providing the user with tools to build charts, tables and apps in order to visualize the information and deliver insight. This is all performed over a secure cloud connection, giving access from mobile, laptop or tablet.

Provider
Equity Development
Equity Development

​Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.

Analysts
Paul Hill

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