1Spatial (SPA)

Sector:

IT Services

Index:

FTSE AIM All-Share

 41.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 53.50
  • 52 Week Low: 35.00
  • Currency: UK Pounds
  • Shares Issued: 110.49m
  • Volume: 10,500
  • Market Cap: £45.85m
  • RiskGrade: 299

1Spatial confident after narrowing losses in first half

By Iain Gilbert

Date: Tuesday 23 Oct 2018

LONDON (ShareCast) - (Sharecast News) - 1Spatial turned in a strong set of first-half results on Tuesday as the data management outfit expressed confidence regarding the remainder of its trading year following a significant narrowing in losses.
The AIM-listed company told investors it had narrowed losses by 51% year-on-year to £826,000 in the six months leading to 31 July. Revenues improved 2.33% to £8.8m.

Management now expect second-half revenues to come in even higher, due to further significant contract wins in key sectors since the half drew to a close.

The narrowed losses was principally a result of a reduction in operating expenses, with administrative costs falling to £5.3m from the £6m of outgoings recorded a year earlier.

1Spatial also revealed that it was now debt free after it raised £8m via a placing back in August.

Chief executive Claire Milverton, said: "This has been a strong half for 1Spatial with clear financial progress and we have carried this momentum forward into the second half."

"Looking ahead, 1Spatial is well placed to continue to deliver against its strategy and we are confident about the business' prospects for the full year and into the future."

As of 1120 BST, 1Spatial shares were 2.56% higher at 40p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

1Spatial Market Data

Currency UK Pounds
Share Price 41.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 53.50
52 Week Low 35.00
Volume 10,500
Shares Issued 110.49m
Market Cap £45.85m
RiskGrade 299

1Spatial Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.68% below the market average67.68% below the market average67.68% below the market average67.68% below the market average67.68% below the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Price Trend
47.37% above the market average47.37% above the market average47.37% above the market average47.37% above the market average47.37% above the market average
74.31% above the sector average74.31% above the sector average74.31% above the sector average74.31% above the sector average74.31% above the sector average
Income Not Available
Growth
13.38% above the market average13.38% above the market average13.38% above the market average13.38% above the market average13.38% above the market average
6.00% above the sector average6.00% above the sector average6.00% above the sector average6.00% above the sector average6.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

1Spatial Dividends

No dividends found

Trades for 20-May-2022

Time Volume / Share Price
08:46 10,500 @ 40.32p

1Spatial Key Personnel

CEO Claire Milverton
CFO Andrew Fabian

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