1Spatial (AIM: SPA)

Last close As at 28/02/2024

GBP0.62

0.00 (0.00%)

Market capitalisation

GBP69m

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.

The geospatial industry is at an inflection point, with technological advancements across both geospatial technology and other technology trends, such as cloud, big data analytics and machine learning/AI enabling new use cases and reducing the barriers to adoption.

Latest Insights

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TMT | Update

1Spatial — Landmark 1Streetworks contract

TMT | Flash note

1Spatial — €9m enterprise win with European utility

TMT | Flash note

1Spatial — Enterprise growth through key contract wins

Sector

TMT

Equity Analyst

Max Hayes

Max Hayes

Associate Analyst

Dan Ridsdale

Head of Technology

Key Management

  • Andy Roberts

    Chairman

  • Claire Milverton

    CEO

  • Stuart Ritchie

    CFO

Balance Sheet

Forecast net cash (£m)

2.5

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 19.42 28.13 18.27
Relative 18.96 24.66 21.33
52 week high/low 63.5p/45.5p

Financials

SPA has announced that following a successful trial, UK Power Networks has signed a contract to deploy 1Streetworks, 1Spatial’s traffic plan automation application. This is a landmark win for this key SaaS product, the market opportunity for which management sizes at £400m for UK low-speed roads alone. The contract is worth at least £0.34m over 12 months, but with scope to significantly exceed this over time and UK Power Networks advocacy for the product is notable. A growing pipeline of paid trials with other clients provide further evidence that 1Spatial is moving closer to delivering an acceleration in operationally geared recurring revenue growth.

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2022A 27.0 4.2 1.1 0.77 79.9 16.9
2023A 30.0 5.0 1.8 1.20 51.3 14.9
2024E 32.1 5.5 2.4 1.57 39.2 13.2
2025E 35.2 6.5 3.4 2.22 27.7 11.1

Thematics

thematic

TMT

MediaWatch – Rinse and repeat

thematic

TMT

MediaWatch – Still waiting…

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