Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
1Spatial Plc: 2022 Interim Results
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
{{Cover Image|[[File:1Spatial Plc 2.jpg]]}} '''29 September 2021''' H1 2022 highlights · 80% increase in Term Licences revenue to £1.0m (H1 2021: £0.6m) · 63% increase in Term Licences Annualised Recurring Revenue ("ARR") * to £2.1m (H1 2021: £1.3m at constant currency) · Revenue growth in the US region accelerated to 34% (48% at constant currency) (H1 2021: 12% ) · 12% increase in total ARR * to £11.6m (H1 2021: £10.3m at constant currency) · Recently announced two record value landmark contract wins, which are expected to drive further increase in longer-term revenue growth rate Group financial highlights {| class="wikitable" | rowspan="2" | | | | | |- |Half-year to 31 July 21 |Half-year to 31 July 20 |Change |Growth |- | |£m |£m |£m |% |- | | | | | |- |Revenue |12.6 |11.7 |<nowiki>+0.9</nowiki> |<nowiki>+8%</nowiki> |- |Adjusted EBITDA** |1.8 |1.7 |<nowiki>+0.1</nowiki> |<nowiki>+10%</nowiki> |- |Adjusted EBITDA** margin (%) |14.5 |14.2 |<nowiki>+0.3pp</nowiki> | |- |Operating loss |(0.2) |(0.8) |<nowiki>+0.6</nowiki> | |- |Loss before tax |(0.3) |(0.9) |<nowiki>+0.6</nowiki> | |- |Loss per share - basic and diluted (p) |(0.2) |(0.7) |<nowiki>+0.5p</nowiki> | |- |Operating cash generated *** |1.0 |1.8 |(0.8) | |- | | | | | |} <nowiki>*</nowiki> Term Licences Annualised Recurring Revenue ("ARR") is the annualised value at the period-end of committed recurring contracts for term licences. Total ARR is the annualised value at the period-end of committed recurring contracts for term licences and support & maintenance <nowiki>**</nowiki> Adjusted EBITDA is a company-specific measure which is calculated as operating loss before depreciation (including right of use asset depreciation), amortisation and impairment of intangible assets, share-based payment charge and strategic, integration, other non-recurring items <nowiki>***</nowiki> Excludes one-off cash costs on prior year restructuring Group operational highlights · New customer wins in all regions, including multi-year contracts with HM Land Registry in the UK and VINCI Highways in France; software licences with three further US States for our repeatable 911 offering · Land and expand strategy driving revenue growth from existing customers, including Google Real Estate and Workplace Services, the Department for Environment, Food and Rural Affairs , the US Federal Highways, Northern Gas Networks, Ordnance Survey Great Britain, and the Energy Networks Association · Increased investment in R&D with successful release of 3D version of 1Integrate, and the planned beta version of Traffic Management Plan Automation (TMPA) · Positive operating cash generation but lower than prior year mainly due to investment in sales and delivery capacity and non-recurring items (e.g. prior year restructuring costs); net cash at period-end of £2.8m (H1 FY21: £3.4m) Current trading & Outlook · Successful investment in partner collaboration resulted in substantial contract awards post period end, which are expected to deliver greater revenue growth in future years including: o Major Government contract - £8.0m contract over five years (announced on 27 September) o Geospatial Commission, National Underground Asset Register ("NUAR") - £6.5m contract over three years (announced on 13 September) · The term licence Annualised Recurring Revenue ("ARR") increased to £3.8m (on a pro-forma basis), with the addition of the two recent major contract wins · The level of ARR is building nicely and the committed services revenue is now at a record level for the Group of £11.8m · The recently awarded major UK Government contract also allowed the Board to upgrade its expectations for FY 2023, as announced on 27 Septembe r 2021 Commenting on the results, 1Spatial CEO, Claire Milverton, said: "We are delighted to see such positive early indicators of the success of our strategic growth plan. The increase in our term licence revenue, strong growth in the US and significant recent multi-year contract wins point to a gear change in the growth prospects for 1Spatial. "We believe we are just at the start of a major transformation of our market. As evidenced by our recent contract wins, we are increasingly seen across the globe as the specialists in the management of spatial data issues, sitting right at the heart of changes across multiple sectors, whether that be to facilitate infrastructure upgrades, the transition to green energy or new digital transformation strategies. "New business signed since the end of H1 has been excellent and we have a record level of committed services revenue. "The depth of the sales pipeline, positive market landscape, our expanding influential partner network and growing levels of recurring revenue, provide the Board with confidence in the expected outturn for the year and an exciting long-term future for 1Spatial." The management team will host a presentation for analysts at 11am today. Analysts who wish to attend can register at [[Mailto:1Spatial@almapr.co.uk|1Spatial@almapr.co.uk]] . The recording of the event will be made available on the website shortly thereafter. The management team will host a presentation for retail investors on the Investor Meet Company platform at 1pm on 30 September 2021. Shareholders who already follow 1Spatial on the platform will automatically be invited, others are invited to register in advance via the following link: <nowiki>https://www.investormeetcompany.com/1spatial-plc/register-investor</nowiki> The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the publication of this announcement, this inside information is now considered to be in the public domain. For further information, please contact: {| class="wikitable" |1Spatial plc |01223 420 414 |- |Claire Milverton / Andrew Fabian | |- | | |- |Liberum |020 3100 2000 |- |Neil Patel/Cameron Duncan / Ed Phillips / Miquela Bezuidenhoudt | |- | | |- |Alma PR |020 3405 0205 |- |Caroline Forde / Justine James / Molly Gretton |[[Mailto:1spatial@almapr.co.uk|1spatial@almapr.co.uk]] |}
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)