1Spatial (SPA)

Sector:

IT Services

Index:

FTSE AIM All-Share

59.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 63.50
  • 52 Week Low: 45.50
  • Currency: UK Pounds
  • Shares Issued: 110.84m
  • Volume: 407,935
  • Market Cap: £65.40m
  • RiskGrade: 299

1Spatial expands customer relationship with new £1m contract win

By Duncan Ferris

Date: Wednesday 20 Feb 2019

LONDON (ShareCast) - (Sharecast News) - 1Spatial on Wednesday won a contract with a value of over £1m to provide its software and services to an existing customer.
The global geospatial software and solutions company said the contract expands on its relationship with No1 Aeronautical Information Documents Unit, where 1Spatial currently maintains the aeronautical production system.

The new contract will see the continued maintenance of the system, as well as its enhancement through newly provided services to adapt the system to changes in both supplied data and evolving customer needs.

Claire Milverton, chief executive of 1Spatial, said: "No1 AIDU is at the forefront of air cartography world-wide and I am delighted to grow our long-standing relationship, which is testament to our land and expand strategy of placing our teams and technology at the heart of our client's infrastructure to support their needs in providing this vital data globally."

The AIM traded company said the total contracted amount includes £0.5m of software related recurring revenue, and up to £0.2m of services, with most of this revenue expected to be recognised in the year ended 31 January 2020.

The terms of this contract provide the option for a further year, which includes the potential for an additional £0.4m of recurring software revenue and up to £0.1m of services.

1Spatial's shares were down 1.49% at 33.00p at 0854 GMT.

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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 59.00p
Change Today -0.50p
% Change -0.84 %
52 Week High 63.50
52 Week Low 45.50
Volume 407,935
Shares Issued 110.84m
Market Cap £65.40m
RiskGrade 299

1Spatial Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.1% below the market average88.1% below the market average88.1% below the market average88.1% below the market average88.1% below the market average
74.12% below the sector average74.12% below the sector average74.12% below the sector average74.12% below the sector average74.12% below the sector average
Price Trend
87.43% above the market average87.43% above the market average87.43% above the market average87.43% above the market average87.43% above the market average
74.47% above the sector average74.47% above the sector average74.47% above the sector average74.47% above the sector average74.47% above the sector average
Income Not Available
Growth
80.58% above the market average80.58% above the market average80.58% above the market average80.58% above the market average80.58% above the market average
79.55% above the sector average79.55% above the sector average79.55% above the sector average79.55% above the sector average79.55% 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 28-Mar-2024

Time Volume / Share Price
14:50 125,000 @ 58.50p
14:50 100,000 @ 58.75p
15:05 100,000 @ 59.25p
15:35 10 @ 59.96p
15:19 79 @ 58.14p

1Spatial Key Personnel

CEO Claire Milverton
CFO Stuart William Ritchie

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