Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Rosslyn Data Technologies ( (GB:RDT) ) has issued an announcement.
Rosslyn Data Technologies has secured contract renewals worth a combined $1.5m over three years with two long-standing global clients, underscoring demand for its spend intelligence platform among large enterprises. A U.S.-headquartered multinational medical devices and healthcare group has agreed a three-year renewal valued at $1.2m that includes higher licence fees and first-time adoption of Rosslyn’s Artificial Intelligence Classification Engine, marking the fifth commercial customer for the AI tool.
In a separate deal, a leading global media and entertainment company has renewed its annual licence for one year at a value of $0.3m, maintaining its use of Rosslyn’s platform. Chief executive Paul Watts said the wins, alongside a recently completed fundraising, leave the group well positioned heading into its new financial year and demonstrate the platform’s ability to create value for complex enterprises managing over $20bn of annual spend each.
Spark’s Take on RDT Stock
According to Spark, TipRanks’ AI Analyst, RDT is a Neutral.
The score is held down primarily by weak financial performance (persistent losses and ongoing cash burn) and bearish technicals (price below major moving averages and negative MACD). Corporate events provide some offset through improved liquidity from fundraising, but dilution risk remains, while valuation is constrained by negative earnings and no dividend support.
To see Spark’s full report on RDT stock, click here.
More about Rosslyn Data Technologies
Rosslyn Data Technologies, listed on AIM under ticker RDT, provides a cloud-based spend intelligence and predictive analytics platform aimed at organisations with complex, global supply chains. Its software leverages automated workflows, artificial intelligence and machine learning to consolidate procurement data, enhance supplier visibility, mitigate risk and drive cost savings for large enterprises.
Average Trading Volume: 125,688
Technical Sentiment Signal: Sell
Current Market Cap: £2.24M
See more data about RDT stock on TipRanks’ Stock Analysis page.