Rosslyn Data Technologies Share Discussion Threads

[private38] 31/10/2023 10:50

- Revenue increased 11% with recurring revenue up 8% - this is not a high-growth company!! If your Net Revenue Retention (NRR) is 90% that equates to you losing 10%. That is flat to a loss.

- Cash burn of £200k a month is high - £2.4m a year

- Gross margins 34.7% - what are they doing ??!! The industry average for SaaS companies is 70% to 85%!!!

- Cost of Acquisition of a Client (CAC) is 65 months – the average is give or take c.12 months!!!

They seem to not understand the basics - it is about sales!! You can have the best product in the world but if you cannot sell it you are doomed. They are so inefficient!!

[turbotrader2] 31/10/2023 09:26

standard in any results


try harder

[mr macgregor] 31/10/2023 08:36

The material uncertainty is the main issue:
"if the Company is unable to deliver upon its proposed revenue projections, there is limited headroom in the current forecasts and as such there is considered to be a material uncertainty relating to going concern."

[daicaprice] 31/10/2023 07:59

Some progress but not enough to tempt me back yet, especially after the consolidation I’m afraid.

DC

[private38] 30/10/2023 07:38

@1jki - not speaking to shareholders is a disgrace. They are defaulting on their most basic responsibilities which reflects a deep weakness. Communicating good or bad news is fundamental to strong leadership and when you are up to your neck in it, over communicate. They don't have to share anything sensitive but confirm and discuss - create a relationship. They are not fit for their jobs and to be frank it is appalling manners to not take a call from a shareholder.

[kemche] 25/10/2023 09:59

Lifestyle.

Another consolidation and fundraising in due course?

[1jki] 25/10/2023 08:56

I rang the main switchboard yesterday to speak to the newly appointed CFO. He wasn't available to talk to shareholders, nor was the CEO. Am I the only person who hates it when a distressed company doesn't talk to it's shareholders. It's been over a year since the CEO did any public appearance or interview. 5 days from the deadline for the AGM and no sight of any accounts. Appalling behaviour. Please buck your ideas up guys, we've supported you for nearly 10 years and still have hope.

[turbotrader2] 17/10/2023 09:46

more increased holdings

[1jki] 16/10/2023 14:48

Waiting to hear the latest news. Anyone heard when the AGM will be, they missed last years deadline, looks like they'll miss this one too. Hopefully they're holding back to get something across the line. Hopefully Cenkos are kicking their backside?

[daicaprice] 13/10/2023 12:50

Hmm bit of interest today, news incoming?

DC

[daicaprice] 12/10/2023 09:32

You managed to tick it up just by posting Harry.

DC

[harry163] 12/10/2023 09:22

No communication is rarely good news.
There have obviously been no significant wins and client attrition does occurs over time. Not hearing about wins and/or losses is very concerning.
If there were meaningful clients losses during the money raise, was this information communicated to potential investors with updated ARR and revenue numbers.
The burn rate is increasing the cash diminishing and the share price tanking. This BoD will keep spending investors monies on themselves, their friends and family until the cash runs out again.

[daicaprice] 11/10/2023 17:53

It could well be but I’ll be happy to take a stake if it drops any further, it’s just gut instinct and they have impressive clients.

DC

[maty] 11/10/2023 16:49

Oh dear can it be worse

[pinkfoot2] 05/10/2023 09:54

I’m convinced it’s a technical forced seller and the stock will get hoovered up-thin market exaggerates swings

[turbotrader2] 05/10/2023 09:34

someone keen with a new 4% holder

[1jki] 05/10/2023 09:28

No announcements of any wins for the last 6 months that has to be a problem. Last year they announced a £15K win!. Interesting to hear at the AGM what the current ARR is. The market cap is only 30% higher than the net cash balance. Too late to fire the BOD there's only 6 months left before the next funding requirement if sales aren't coming in.

[pinkfoot2] 04/10/2023 21:05

No-I think Gresham may need to sell having changed hands recently.We will know soon enough but I don’t think it’s anything to do with the BOD or trading-just a very thin market

[kemche] 04/10/2023 19:27

Is the technical reason the BOD?

[pinkfoot2] 04/10/2023 17:03

I reckon it’s an institution having to sell for technical reasons-Gresham?

[stuart14] 04/10/2023 15:38

From 1700 to 15. No wonder people hate AIM. This was pure garbage when it listed and hasn't improved since

[kemche] 04/10/2023 14:01

Another consolidation and raise already???

[babbler] 04/10/2023 13:19

There's the print. 800k