Outlook
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There has been a solid start to trading in the current financial year with a growing sales pipeline and two significant framework agreements secured, with the State of Texas and UK Cabinet Office |
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Anticipate growing contribution in FY 2025 and beyond from 1Streetworks and NG-9-1-1 SaaS sales, which represent a significant avenue for margin growth and cash generation |
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Measured additional investment in FY 2025 in US Enterprise and 1Streetworks sales teams, where we see considerable opportunity, based on our proven offerings and established customer relationships |
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While cognisant of inflationary cost pressures, the Board remains confident in delivering further progress in FY 2025 with a further growth step up in FY 2026 as the Company benefits from the current ongoing investment |
Commenting on the update, 1Spatial CEO, Claire Milverton, said:
“The Group’s financial performance this Year demonstrates the successful progress we are making towards transitioning to a high margin, recurring software licence business. Our strategic investments in product development across both the Enterprise and SaaS divisions are yielding positive results and unlocking new markets, providing excitement for the future. We will continue toâ�¯invest in our US Enterprise and 1Streetworks sales teams to capture what we believe toâ�¯be a considerable long-term growthâ�¯opportunity.
We have had a solid start to trading in the new financial year. With a growing sales pipeline and increased levels of recurring revenue, the Board is confident in delivering further progress in FY 2025.”
For further information, please contact:
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1Spatial plc |
01223 420 414 |
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Claire Milverton / Stuart Ritchie |
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Liberum (Nomad and Broker) |
020 3100 2000 |
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Max Jones / Edward Mansfield / Anake Singh |
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Alma Strategic |
020 3405 0205 |
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Caroline Forde / Hannah Campbell |
1Spatial plc's LEI Number is: 213800VG7OZYQES6PN67
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
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