End July ARR has grown 32% c/c yoy to £5.2m (£4.5m for SwipedOn [SO] and £0.6m for Space Connect [SC]). H1 revenues for SO and SC are tracking in line, while A+K is tracking ahead. H1 net cash of £2.0m is slightly ahead. We make no changes to forecast revenues or profits, though note ARR has been impacted by a change in calculation methodology and some headwinds at SC. Overall, forecasts continue to be underpinned by upwards pricing reviews at SO, ramping sales of SwipedOn Desks, larger customer ....
16 Aug 2022
H1 ARR up 32% yoy - FY23 revs/profits on track
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H1 ARR up 32% yoy - FY23 revs/profits on track
Smartspace Software Plc (SMRT:LON) | 90.0 1.8 2.3% | Mkt Cap: 26.0m
- Published:
16 Aug 2022 -
Author:
Kevin Ashton -
Pages:
3
End July ARR has grown 32% c/c yoy to £5.2m (£4.5m for SwipedOn [SO] and £0.6m for Space Connect [SC]). H1 revenues for SO and SC are tracking in line, while A+K is tracking ahead. H1 net cash of £2.0m is slightly ahead. We make no changes to forecast revenues or profits, though note ARR has been impacted by a change in calculation methodology and some headwinds at SC. Overall, forecasts continue to be underpinned by upwards pricing reviews at SO, ramping sales of SwipedOn Desks, larger customer ....