REG - Smartspace Software - Trading Update

Smartspace SoftwareAnnouncement

05/07/2022 07:00

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RNS Number : 2506R  Smartspace Software PLC  05 July 2022

 

5 July 2022

SmartSpace Software Plc

("SmartSpace", the "Company" or the "Group")

 

Trading Update

 

SmartSpace Software Plc, (AIM:SMRT) the leading provider of 'Integrated Space
Management Software' for smart buildings and commercial spaces - 'visitor
reception, desks and meeting rooms',  will be holding its Annual General
Meeting ("AGM") at 9.00 a.m. (BST) today at Singer Capital Markets, 1
Bartholomew Lane, London, EC2N 2AX. In advance of that meeting, the Company is
pleased to announce a short trading update.

 

Trading Update

Trading in the current financial year has continued in line with management's
expectations.

SwipedOn has continued to trade well, with ARPU* and ARR** increasing. We have
also engaged with our first customers in South Korea. In the past week,
SwipedOn signed its largest client for 'Desks', with the order coming from an
Australian- headquartered consulting business with 200 offices and 10,000
employees worldwide. This first phase is for 2000 desks across multiple
locations in the APAC region.

This agreement represents a further significant milestone in the evolution of
our software and sales capability in SwipedOn. This is as the Group continues
to increase its focus on multi-location customers where the platform is used
outside of just visitor management.

 

A+K has had a strong start to the year, with revenues significantly higher
than for the same period last year.

Within Space Connect, after an initial slow start to the year, we have seen a
pick-up in momentum. In May, we had our best ever trading month for Evoko
Naso. This has been driven by the positive reaction from recent trade shows, a
new simplified pricing model and other initiatives to drive demand.

Space Connect has also recently integrated with Yealink, a major international
manufacturer of meeting room and video conferencing hardware. A joint
marketing campaign with special bundle pricing has been launched with Yealink
in the UK, targeting their major partners.

Commenting on the announcement, Frank Beechinor, CEO of SmartSpace said:

"Overall, our growth story continues within our businesses, with customers
continuing to shift their focus to space optimisation. This is as hybrid
working continues to be an integral part of our daily working life.  It is
therefore easy to see how SwipedOn Desks should be at the forefront of any
decision that is focused on employee satisfaction combined with financial and
real estate efficiencies.

 

We look forward to providing a further trading update in August, following our
half year end in July."

 

* Average revenue per user (ARPU)

** Annual recurring revenue (ARR)

 

 

End

Enquiries

 SmartSpace Software Plc                                                                                                                           via Lisa Baderoon

 Frank Beechinor (CEO)                                                                                                                             - Head of Investor Relations

 Kris Shaw (CFO)

 Lisa Baderoon (Head of Investor Relations)

 LBaderoon@smartspaceplc.com (mailto:LBaderoon@smartspaceplc.com)                                                                                  +44(0) 7721 413 496

 Singer Capital Markets (NOMAD & Joint Broker)                                                                                                     +44 (0)20 7496 3000

 Shaun Dobson, Jen Boorer, Alex Bond
                                                                                                                                                   +44 (0) 20 7523 8000

 Canaccord Genuity (Joint
 Broker)

 Adam James, Georgina McCooke

 

 

About SmartSpace Software Plc:

 

SmartSpace Software plc is a SaaS-based technology business, designing and
building smart software solutions. The Company's software solutions help
transform employee engagement with modules which include visitor management,
desk management, meeting room management and analytics.

The three operating companies in the Group comprise:

·        Space Connect - SaaS meeting room, desk booking & visitor
management  (www.spaceconnect.co)

·        SwipedOn - SaaS visitor management and desk booking
(www.SwipedOn.com)

·        Anders & Kern - distribution and technical support
(www.anders-kern.co.uk)

For more information go to: www.smartspaceplc.com
(http://www.smartspaceplc.com) .

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