1Spatial’s (SPA’s) FY22 reported results surpassed our expectations. Revenues grew 10% to £27m with annualised recurring revenues up 26% (constant currency) to £13.4m, while SPA reported its first group profit before tax in over a decade. SPA’s results were driven by record contract wins across both new and existing customers, ongoing development of smart partnerships and expansion in the key US market. While it trades at a sizable discount to its software peers, we see opportunities to reduce t ....
28 Apr 2022
1Spatial - Solid progress on several geospatial fronts
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1Spatial - Solid progress on several geospatial fronts
1Spatial Plc (SPA:LON) | 58.0 0 0.0% | Mkt Cap: 64.3m
- Published:
28 Apr 2022 -
Author:
Ken Mestemacher -
Pages:
8
1Spatial’s (SPA’s) FY22 reported results surpassed our expectations. Revenues grew 10% to £27m with annualised recurring revenues up 26% (constant currency) to £13.4m, while SPA reported its first group profit before tax in over a decade. SPA’s results were driven by record contract wins across both new and existing customers, ongoing development of smart partnerships and expansion in the key US market. While it trades at a sizable discount to its software peers, we see opportunities to reduce t ....