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 loss narrowed following Geomap-Imagis acquisition

By Duncan Ferris

Date: Monday 14 Oct 2019

LONDON (ShareCast) - (Sharecast News) - 1Spatial on Monday reported a narrowed interim loss before tax as revenue increased on the back of its acquisition of Geomap-Imagis Group.
The location data software provider booked a loss before tax of £0.7m for the six month period ended 31 July, compared to a loss of £0.8m in the same period the year before, as sales climbed by 23% to £10.9m.

Geomap-Imagis Group (GI), a geospatial solutions firm which the AIM traded company acquired for €7.0m in May, contributed £2.0m towards this revenue, while turnover from existing business increased by just 1% to £8.9m.

The period also saw the signing of a global commercial partnership agreement with geographic information system software provider Esri, which the company said will improve its market reach and ensure that customers have solutions which meet their business needs.

Chief executive Claire Milverton said that the results demonstrated that 1Spatial is coming to the end of the turnaround plan which it announced in January 2017.

"We are improving our technology and customer service proposition, and the acquisition of GI coupled with the significant commercial partnership with Esri has allowed us to align our French & Belgian business to the rest of the group, thereby executing on one of the last major strategic issues of the turnaround," said Milverton.

The company said it remained on track to meet its full-year expectations after the second half began with new contract wins in its target sectors of government, utilities and transportation.

1Spatial shares were up 5.13% at 35.74p at 0941 BST.

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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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