REG - 1Spatial Plc - AGM Statement and Trading Update

1SpatialAnnouncement

21/06/2022 07:00

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RNS Number : 5471P  1Spatial Plc  21 June 2022

21 June 2022

 

1Spatial plc

 

("1Spatial", the "Company" or the "Group")

 

AGM Statement and Trading Update

 

1Spatial, (AIM: SPA), a global leader in Location Master Data Management
(LMDM) software and solutions, will hold its Annual General Meeting at 11am
today at the offices of Liberum Capital Limited, Ropemaker Place, Level 12, 25
Ropemaker Street, London EC2Y 9LY.

 

At the meeting, Andrew Roberts, Non-Executive Chairman, will make the
following statement:

 

"1Spatial entered the new financial year in a significantly stronger position
with a higher sales backlog, a partner network greater than we have ever had
and increased levels of recurring revenue. The Group continues to invest in
driving revenue growth, in particular longer-term annual recurring licence
revenue. The range of recent contract wins, many of which have potential for
future expansion, confirm that 1Spatial is delivering successfully against its
growth strategy.

 

"Digital transformation and the growing need for better quality, shareable
location data to support infrastructure investment continue to drive demand
for 1Spatial's products across our key regions and markets. New customer wins
in recent months include High Speed Two (HS2) in the UK, the State of New York
and an expansion contract with the State of California. The opportunity for
our business applications such as the Next Generation 911 offering, are
considerable, with each new State secured presenting a significant revenue
opportunity. We remain focused on capitalising on these opportunities across
all our geographies as well as growing new partnerships, targeting the
government and large enterprise digital transformation opportunities and,
expanding our Cloud platform offering to increase the Group's addressable
market. The planned launch of our multi-tenancy SaaS based solutions in H2,
including NG911 and Traffic Management Plan, will provide significant future
growth opportunities.

 

"The Group has a strong sales pipeline in all regions and the investments we
continue to make in people and technology will position the business well to
take advantage of the huge opportunity ahead. As such, the Board remains
confident of delivering results for FY 2023 in line with current
expectations."

 

 

 1Spatial plc                                         01223 420 414
 Claire Milverton / Andrew Fabian

 Liberum (Nomad and Broker)                           020 3100 2000
 Neil Patel / Cameron Duncan / Miquela Bezuidenhoudt
 Alma PR                                              020 3405 0205
 Caroline Forde / Hannah Campbell                     1spatial@almapr.co.uk (mailto:1spatial@almapr.co.uk)

 

 

About 1Spatial plc

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software and solutions, primarily to the Government, Utilities and Transport sectors. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.
 
Today - as location data from smartphones, the Internet of Things and great lakes of commercial Big Data increasingly drive commercial decision-making - our technology drives efficiency and provides organisations with confidence in the data they use.
 
We unlock the value of location data by bringing together our people, innovative solutions, industry knowledge and our extensive customer base.  We are striving to make the world more sustainable, safer and smarter for the future. We believe the answers to achieving these goals are held in data. Our 1Spatial Location Master Data Management (LMDM) platform incorporating our 1Integrate rules engine delivers powerful data solutions and focused business applications on-premise, on-mobile and in the cloud. This ensures data is current, complete, and consistent through the use of automated processes and always based on the highest quality information available.
 
1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, USA, France, Belgium, Tunisia and Australia.

 

For more information visit www.1spatial.com (http://www.1spatial.com)

 

 

 

 

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