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The latest update is out from 1Spatial ( (GB:SPA) ).
1Spatial plc reported a significant increase in term and SaaS license revenue by over 35% for the financial year ending January 2025, driven by strategic objectives to enhance recurring software revenue. Despite a delay in a major Belgian contract impacting services revenue, the company achieved a growth in total revenues to approximately £33.4 million, with recurring revenue making up 62% of the total. Adjusted EBITDA remained stable due to higher margin software sales and cost reductions. Looking forward, 1Spatial anticipates a positive FY2026 with new contracts and industry recognition for its 1Streetworks SaaS solution, supported by investments in sales resources and leadership.
More about 1Spatial
1Spatial plc is a global leader in Location Master Data Management (LMDM) solutions, headquartered in Cambridge, serving over 1,000 customers worldwide. The company provides software that aids enterprises and government bodies in making better business decisions through enhanced data governance. Their offerings include a patented rules engine, a suite of proprietary business applications, and flexible deployment options such as cloud-based SaaS, on-premise, and hybrid solutions. Notably, they have launched SaaS products like 1Streetworks for traffic management in the UK and Public Safety NG-9-1-1 for US public safety compliance.
YTD Price Performance: -9.22%
Average Trading Volume: 108,359
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £71.23M
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