Revenues were down in H1 YoY reflecting two material revenue items which fell into the second half. These have now been recognised and the cash mostly collected. Dependence on lumpy items in the second half is high but their successful delivery will mean Rosslyn is still on track for our FY17E numbers. Cash flow breakeven is still targeted this year.
26 Jan 2017
Still on track but lumpiness presents risks
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Still on track but lumpiness presents risks
Rosslyn Data Technologies PLC (RDT:LON) | 9.8 0 0.0% | Mkt Cap: 1.72m
- Published:
26 Jan 2017 -
Author:
Cavendish Research -
Pages:
5
Revenues were down in H1 YoY reflecting two material revenue items which fell into the second half. These have now been recognised and the cash mostly collected. Dependence on lumpy items in the second half is high but their successful delivery will mean Rosslyn is still on track for our FY17E numbers. Cash flow breakeven is still targeted this year.