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SPA 1spatial Plc

69.50
0.00 (0.00%)
23 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
1spatial Plc SPA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 69.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
69.50
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

1spatial SPA Dividends History

No dividends issued between 23 Dec 2014 and 23 Dec 2024

Top Dividend Posts

Top Posts
Posted at 15/10/2024 07:53 by tomps2
1Spatial CEO, Claire Milverton and CFO, Stuart Ritchie present the group’s results for the six-month period ended 31 July 2024.

Watch the video here:

Or listen to the podcast here:
Posted at 14/10/2024 10:57 by martinmc123
SPA – 1Spatial plc
4*
Posted another solid set of Interims for H1 25. Group revenue was up 5% to £16.2m driven by a 9% increase in recurring revenue to £8.9m representing 55% of total revenue. There was also a 26% increase in Term Licences revenue to £4.3m driven by new business wins in the United States. Groupp ARR growth was a little stronger at 7% yoy. The solid topline performance fuelled an 18% yoy increase in adjusted EBITDA to £2.0m. The outlook provided was also solid sounding, a strong new business and renewals pipeline provides the Board with confidence in achieving results for FY 2025 in line with market expectations. Consensus...from WealthOracle

wealthoracle.co.uk/detailed-result-full/SPA/866
Posted at 02/10/2024 11:26 by fevertreeman
Milverton has been claiming that SPA has sufficient cash and facilities to cover working capital requirements and planned investment. A shufti at the results back in May makes mixed viewing and suggests to me that whlst momentum hasnt stalled, they appear to be wading through treacle:

- Revenue growth of 8% hardly dramatic stuff, but big improvement in recurring revs

- Margins of 17%, yes held back by heavy R&D expenditure but acknowledgement that inflation is a problem which I read as they arent recovering their inflation inputs from the customer base, who are resisting.

- the biggest issue is cash...net cash is only c£1.1m with another £4m in available finance. That seems way too low for comfort, and certainly not enough to scale the business
Posted at 30/4/2024 08:20 by tomps2
1Spatial (SPA) Full Year 2024 results presentation - April 2024

1Spatial CEO, Claire Milverton and CFO, Stuart Richie present full year results for the year ended 31 January 2024.

Watch the video here:

Or listen to the podcast here:
Posted at 18/3/2024 10:46 by tomps2
1Spatial (SPA) Introduction to 1Streetworks - March 24

1Spatial Non-Executive Chairman, Andrew Roberts, CEO, Claire Milverton, Andrew Fennel, Managing Director – Roads, and Stuart Ritchie, CFO introduce their 1Streetworks solution, outlining how it can be used to revolutionise complex streetworks planning and the potential addressable market.

Watch the video here:

Or listen to the podcast here:
Posted at 14/3/2024 10:30 by fevertreeman
Robsy2, not just Edison that got it wrong, the lad at Liberum was also in same boat. He has not changed his forecasts at all for FY24 or FY25, which is interesting. he is still at: FY24 Revenue £32.1 EBITDA £5.5 FY25 Revenue £35.3 EBITDA £6.5m...

Some of Liberum's comments were insightful and chime with my own:

A. UKPN study, cost of 1streetworks: they cited savings of £426 per plan vs cost of the 1street product of £125 per plan. Now, I don't know about anybody else but it strikes me as very commercially odd:
(1) that the benefit to the customer is so huge vs the price point. UKPN produce 90,000 plans per year which would would be £11,250,000 revenues p.a opportunity based on 90k x £125 , which is a big assumption (ignores discounts etc) BUT on the basis, that UKPN creates 90k at current cost of £426 per plan = £38.34m, then the cost saving to UKPN from adoption of 1streeworks is gigantic= 38.4m-11.25 = £27m per annum.....Any thoughts about our pricing strategy chaps?
(2) that Spa were happy for UKPN to reveal the cost....what sort of margin is Milverton working on when she points out the impact of inflation on the business & the investment being made into sales &marketing. Would be fascinating to hear what margin 1streetworks has for Spa,

B. Time taken to secure deals:

Liberum analyst has heading on paragraph in his report: Shortening the Sales Cycle Would Be Helpul....you got that right boyo! its good to know that I'm not theonly one concerned about the lack of pipeline visibility & the time it takes Milvertton to ink deals. With UKPN it took over 6mnths from October when CM said first pilot was imminent, and it was only a blasted pilot study!

The Liberum clearly doesn't want to pint the finger but he does make the very valid point that the trials underway are typically supposed to take 3 months but "we sense with the first wave in practice these are taking longer."

The fact of the matter is that the snail like pace of inking deals is a real headache. It means that revenue recognition is very tricky and so therefore is revenues and profits. And that's before the pivot to change the operating structure in the US (and associated diminishment in direct revs)
Posted at 13/3/2024 17:54 by robsy2
TU disappointing but a good opportunity to top-up , unfortunately I did so at 61p the week before. It is not good that Edison, who are paid by SPA to provide the forecast figures, get it so wrong. If they are adding short term expenditure to build up the business why not flag that up?.Anyway, the 1Streetworks presentation seems to have got the share price moving back up again.

hxxps://1spatial.com/media/jizn3k0k/1streetworks-presentation-12th-march.pdf
Posted at 30/1/2024 09:09 by hubshank
1Spatial plc("1Spatial", the "Group" or the "Company") New customer multi-year contract with European utility company 1Spatial to support a major utility based in Belgium to produce, and ensure the quality of, its geospatial data 1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, has secured a three-year contract with a leading Distribution System Operator for electricity and gas networks in Belgium, following a competitive tender. The contract is for geospatial data processing services and will see 1Spatial's 1Integrate product used for its unique data quality control and data validation capabilities, alongside 1Spatial's geospatial data production services. 1Spatial will assist the utility company in the production of a Digital Twin of its distribution network and enhance the quality and accuracy of its geospatial data. The project will enable the utility company to carry out a wide range of activities, including distribution network management, connection works and repairs, in a more efficient, cost-effective manner, ensuring the safety of its team and customers. The total contract value to 1Spatial is €9.0 million of which 1Spatial will deliver €4.1 million including €0.3 million in term software licence revenue. 1Spatial will utilise partners to deliver the balance of the work, with a total value €4.9 million, over the three-year duration of the contract.
Posted at 01/12/2023 18:19 by fevertreeman
One of the big mysteries about Spa is the apparent huge disparity in valuation between it & the other Cambridge-based geospatial listed player IQGEO, which has a market cap 3.4x bigger than Spa, despite broadly similar financials. The difference in valuation is stark - it seems that IQGEO management team's bet on international telco/utilities is delivering hugely faster growth & proving far more dynamic than SPA's public sector focus. Their management is being awarded a big premium against Milverton (and the latest CFO). Liverton has yet to prove that she can deliver the velocity in sales growth that will turn investors' heads. That said, valuing IQGEO at 3.4x SPA seems very rich to me, especially if Milverton's much-trailed SAAS solutions start to deliver the goods. Time will tell but I feel that Milverton really needs to deliver in 2024 or the company risks falling further behind or being on the end of a hostile bid


SPA IQGEO
Market Cap £53m £182m

Interims
Revenues £15.5m (+11%) £20.5 (+124%)
Recurring Revs £8.2m (+24%) £7.2m (+61%)
EBITDA £1.7m (-16%) £2.7m
Posted at 27/11/2023 08:19 by robsy2
Intriguing RNS this morning that seems to suggest that the Streetworks product is ready to roll.

A bit of history. The National Underground Asset Register ( NUAR) was a project started by HMG to register all the underground assest in the UK . SPA provided the platform and the software to collate all the data and maintain the register.

This project is ongoing and expects to be fully completeed by 2025.

HMG, through the Geospatial Commission, will now allow open access to the data so as to extract economic benefit. This mandates the 1Streetworks product;

As they said in April 23;

A 'major milestone'
"This first release of NUAR is a major milestone in a programme that will benefit everyone," said Dr Steve Unger, Independent Commissioner, Geospatial Commission.

"By using the power of location data to plan and deliver street-works more effectively, it will improve the efficiency with which we supply essential services and it will minimise the disruption experienced by other road users. Many different asset types are buried beneath our feet, owned by many different organisations, large and small. We are delighted by the number of asset owners that have recognized the value of working with us, to make the data that they hold more accessible."


1Spatial CEO, Claire Milverton, said:

"1Spatial is delighted to be part of the team that are delivering the National Underground Asset Register (NUAR), which demonstrates our world leading geospatial capabilities and our ability to deliver on complex projects at scale. Our 1Spatial platform is responsible for transforming, validating, and maintaining the data from all contributing asset owners, demonstrating our world leading technology and skilled team.

We are excited about the project to explore widening access to NUAR, which could enable further economic benefit to be realised from the asset. It could also provide an upside opportunity for our 1Streetworks solution."

Alexandra Notay, Independent Commissioner, Geospatial Commission, said:

"It is fantastic to see the progress being made on delivering the core 'safe dig' use case that NUAR is intended to meet, and I am very proud of the team at the Geospatial Commission for delivering this collaborative project for and with a wide range of industry stakeholders. The supportive statements from users in the project update is a testament to the value that NUAR is already bringing to those who manage our underground assets.".


I read this announcement as a green light for users to access and use data on the NUAR register in an open way so as to get the economic benefits made possible from creating and maintaining the register.

IStreetworks is a shining example of how to use the data to create economic benefit. .

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