£30.9m market cap

28p last close

1Spatial’s core technology validates, rectifies and enhances customers’ geospatial data. The combination of its software and advisory services reduces the need for costly manual checking and correcting of data.

Investment summary

1Spatial has won a $0.6m contract with California’s Office of Emergency Services (CalOES). This multi-year contract is for 1Spatial’s 1Integrate and 1Data Gateway software-as-a-service (SaaS) products and contains a $0.1m recurring revenue element. Following recent wins with the State of Michigan and the US Geological Survey, momentum in the United States and for the 1Data Gateway product appears encouraging.

Y/E Jan
Revenue (£m)
PBT (£m)
EPS (fd) (p)
P/E (x)
P/CF (x)
2019A 17.6 1.2 (0.5) (0.57) N/A N/A
2020A 23.4 3.2 0.8 0.58 48.3 53.9
2021E 23.4 2.8 (0.5) (0.35) N/A 7.9
2022E 25.1 3.6 0.3 0.22 127.3 6.6
Industry outlook

The GIS industry is large and growing. P&S Market Research estimates the global GIS software, services and hardware market generates sales of US$9.0bn annually and will grow at a 10% CAGR to reach annual sales of US$17.5bn by 2023.

Last updated on 19/01/2021
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Share price graph
Balance sheet
Forecast net cash (£m) 4.2
Forecast gearing ratio (%) N/A
Price performance
Actual 3.7 (6.7) 0.0
Relative* 0.7 (18.3) 12.1
52-week high/low 32.0p/13.5p
*% relative to local index
Key management
Andy Roberts Chairman
Claire Milverton CEO
Andrew Fabian Interim CFO

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