94.119.64.24 at 20:01, 30 September 2022

2022-09-30T20:01:14Z

← Older revision		Revision as of 21:01, 30 September 2022
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	1Spatial~~, a global leader in providing Location Master Data Management (LMDM) software and solutions, is pleased to announce interims results for the year six months ended 31 July 2020~~.		{{Cover Image\|[[File:1Spatial Plc 2.jpg]]}}

	~~= Financial Highlights =~~		'''30 September 2020'''
	~~· Solid progress against a backdrop of Covid-19, with Group revenues up 8% to £11.7m (H1~~ 2020~~: £10.9m), including full six-month contribution from Geomap-Imagis~~

	~~· Solutions revenues up 21% to £10.1m (H1~~ 2020~~: £8~~.~~3m)~~		1Spatial announced its interims results for the year six months ended 31 July 2020.

	~~· Adjusted EBITDA steady at £1.7m (H1 2020: £1.7m)~~		'''Financial Highlights'''

	· Positive operating cashflow of £1.7m (H1 2020: outflow £1.9m)		* Solid progress against a backdrop of Covid-19, with Group revenues up 8% to £11.7m (H1 2020: £10.9m), including full six-month contribution from Geomap-Imagis
			* Solutions revenues up 21% to £10.1m (H1 2020: £8.3m)
			* Adjusted EBITDA steady at £1.7m (H1 2020: £1.7m)
			* Positive operating cashflow of £1.7m (H1 2020: outflow £1.9m)
			* Net cash position of £3.4m at 31 July 2020 (31 January 2020: £3.9m) following the payment of £0.6m deferred consideration for the acquisition of Geomap-Imagis

	~~· Net cash position of £3.4m at 31 July 2020 (31 January 2020: £3.9m) following the payment of £0.6m deferred consideration for the acquisition of Geomap-Imagis~~
	{\| class="wikitable"		{\| class="wikitable"
	\| rowspan="2" \|£m		\| rowspan="2" \|£m
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	<nowiki>*</nowiki> Adjusted for strategic, integration, other irregular items and share-based payments		<nowiki>*</nowiki> Adjusted for strategic, integration, other irregular items and share-based payments

	Operational Highlights		'''Operational Highlights'''

	· US$2.6m 5-year contract with the US State of Michigan		* US$2.6m 5-year contract with the US State of Michigan
			* Further wins across all geographic markets, including the Environment Agency and Greater London National Underground Asset Register in the UK
	· Further wins across all geographic markets, including the Environment Agency and Greater London National Underground Asset Register in the UK		* Expansion contracts with existing customers, including Google and Northern Gas Networks
			* Migrations from Elyx to Esri platform commenced in France with seven projects now underway
	· Expansion contracts with existing customers, including Google and Northern Gas Networks		* Launched 1Data Gateway, the first 1Spatial cloud-based offering
			* Some delay to customer decision making due to Covid-19, but overall the business remained resilient
	· Migrations from Elyx to Esri platform commenced in France with seven projects now underway

	· Launched 1Data Gateway, the first 1Spatial cloud-based offering

	· Some delay to customer decision making due to Covid-19, but overall the business remained resilient

	Current trading and Outlook		Current trading and Outlook

	· Trading in H2 has begun in line with management's expectations, including winning new contract with the US Geological Survey		* Trading in H2 has begun in line with management's expectations, including winning new contract with the US Geological Survey
			* We are seeing an increased number of sales opportunities, both from our direct sales activities and via partners
			* While decision-making may continue to be protracted in the short-term, the breadth of our opportunity, combined with the quality of our offering and people, mean we are increasingly confident with regards to the long-term future of 1Spatial
			* The Board has reinstated full year guidance, expecting H2 revenues to be at a similar level to H1

	~~· We are seeing an increased number of sales opportunities, both from our direct sales activities and via partners~~		'''Commenting on the results, 1Spatial CEO, Claire Milverton, said:'''

	· While decision-making may continue to be protracted in the short-term, the breadth of our opportunity, combined with the quality of our offering and people, mean we are increasingly confident with regards to the long-term future of 1Spatial

	~~· The Board has reinstated full year guidance, expecting H2 revenues to be at a similar level to H1~~

	Commenting on the results, 1Spatial CEO, Claire Milverton, said:

	"We continued to make progress with our strategy in the first half of the year, delivering a robust trading performance against the backdrop of Covid-19, expanding our existing customer relationships, winning new strategic accounts and continuing to enhance the capabilities of our Location Master Data Management offering. We are pleased to present these results, where we have delivered positive free cash flow in the first six months, demonstrating the Group's strengthening financial position.		"We continued to make progress with our strategy in the first half of the year, delivering a robust trading performance against the backdrop of Covid-19, expanding our existing customer relationships, winning new strategic accounts and continuing to enhance the capabilities of our Location Master Data Management offering. We are pleased to present these results, where we have delivered positive free cash flow in the first six months, demonstrating the Group's strengthening financial position.
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	The Company will host an analyst presentation at 11am today and for those wishing to register, please email [[Mailto:1spatial@almapr.co.uk\|1spatial@almapr.co.uk]]		The Company will host an analyst presentation at 11am today and for those wishing to register, please email [[Mailto:1spatial@almapr.co.uk\|1spatial@almapr.co.uk]]

	Half-year review		'''Half-year review'''

	We have continued to progress our strategy in the first half of the year, delivering a robust trading performance against the backdrop of Covid-19, expanding our existing customer relationships, winning exciting new strategic accounts and continuing to enhance the capabilities of our Location Master Data Management offering.		We have continued to progress our strategy in the first half of the year, delivering a robust trading performance against the backdrop of Covid-19, expanding our existing customer relationships, winning exciting new strategic accounts and continuing to enhance the capabilities of our Location Master Data Management offering.
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	The business is now largely integrated from an operational perspective although there is some rationalisation of internal systems in order to improve operational efficiencies being implemented that are expected to be completed during H2 2021.		The business is now largely integrated from an operational perspective although there is some rationalisation of internal systems in order to improve operational efficiencies being implemented that are expected to be completed during H2 2021.

			[[Category:1Spatial Plc]]
			[[Category:Update]]
			[[Category:Equities]]
			__INDEX__

94.119.64.24: Created page with "1Spatial, a global leader in providing Location Master Data Management (LMDM) software and solutions, is pleased to announce interims results for the year six months ended 31 July 2020. = Financial Highlights = · Solid progress against a backdrop of Covid-19, with Group revenues up 8% to £11.7m (H1 2020: £10.9m), including full six-month contribution from Geomap-Imagis · Solutions revenues up 21% to £10.1m (H1 2020: £8.3m) · Adjusted EBITDA steady at £1.7m (H1..."

2022-09-30T19:58:15Z

Created page with "1Spatial, a global leader in providing Location Master Data Management (LMDM) software and solutions, is pleased to announce interims results for the year six months ended 31 July 2020. = Financial Highlights = · Solid progress against a backdrop of Covid-19, with Group revenues up 8% to £11.7m (H1 2020: £10.9m), including full six-month contribution from Geomap-Imagis · Solutions revenues up 21% to £10.1m (H1 2020: £8.3m) · Adjusted EBITDA steady at £1.7m (H1..."

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1Spatial Plc: 2021 Interim Results - Revision history

94.119.64.24 at 20:01, 30 September 2022