Smartspace Software (SMRT)

Sector:

IT Services

Index:

FTSE AIM All-Share

87.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 90.00
  • 52 Week Low: 33.50
  • Currency: UK Pounds
  • Shares Issued: 28.94m
  • Volume: 73,567
  • Market Cap: £25.32m

Smartspace FY underlying losses seen lower than market expectations

By Iain Gilbert

Date: Tuesday 15 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Software firm Smartspace said on Tuesday that full-year adjusted underlying losses were set to be slightly less than expectations.
Smartspace said adjusted LBITDA for the twelve months ended 31 January was expected to be no more than £2.5m, better than expected but still wider than the £2.1m reported at the same time a year earlier.

On the other hand, full-year revenues improved 15% year-on-year to £5.3m, with annual recurring revenues increasing 64% to £4.9m. Recurring revenues were 50% higher at £3.6m.

Chief executive Frank Beechinor said: "We are encouraged by the strong growth in ARR and ARPU, despite the work from home policies which persisted in the UK and USA until recently. In other markets, such as Australia, we have seen a strong resurgence since coming out of lockdown in the Autumn.

"The recent push to return to the office has seen a significant pick up in orders and movement in our sales pipeline, in particular in the UK."

SmartSpace expects to announce its full-year results in May.

As of 1310 GMT, Smartspace shares were up 6.06% at 70.0p.

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SMRT Market Data

Currency UK Pounds
Share Price 87.50p
Change Today -0.50p
% Change -0.57 %
52 Week High 90.00
52 Week Low 33.50
Volume 73,567
Shares Issued 28.94m
Market Cap £25.32m

SMRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.97% below the market average53.97% below the market average53.97% below the market average53.97% below the market average53.97% below the market average
22.35% above the sector average22.35% above the sector average22.35% above the sector average22.35% above the sector average22.35% above the sector average
Price Trend
95.43% above the market average95.43% above the market average95.43% above the market average95.43% above the market average95.43% above the market average
91.49% above the sector average91.49% above the sector average91.49% above the sector average91.49% above the sector average91.49% above the sector average
Income Not Available
Growth
1.2% below the market average1.2% below the market average1.2% below the market average1.2% below the market average1.2% below the market average
15.91% above the sector average15.91% above the sector average15.91% above the sector average15.91% above the sector average15.91% above the sector average

SMRT Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:49 70,000 @ 90.00p
15:40 11 @ 90.00p
15:40 31 @ 85.00p
15:40 6 @ 90.00p
15:40 1 @ 85.00p

SMRT Key Personnel

CEO Frank Beechinor
Chair Guy Christopher van Zwanenberg
CFO Kristian (Kris) Shaw

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