Trading Update

RNS Number : 4049Y
Smartspace Software PLC
14 January 2022
 

 

 

 

SmartSpace Software Plc

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

Trading Update

SmartSpace Software plc, (AIM:SMRT) the leading provider of 'Integrated Space Management Software' for smart buildings and commercial spaces is pleased to announce a trading update for the 11 month period to 31 December 2021 (the "Period") in advance of the Company's year end of 31 January 2022.

The Group has been progressing its objective to build a high growth SaaS business with strong recurring revenues and consequently, expects that results for the full year ending 31 January 2022 will be in line with market expectations. Accordingly g roup revenues for the year ended 31 January 2022 are expected to be c. £5.2m and adjusted EBITDA losses not more than £2.7m. The Group's cash as at 31 December 2021 totalled £2.8m.

 

SmartSpace will provide a more detailed analysis of trading within the key businesses, as part of the year end trading update, expected to be announced in mid-February 2022.

 

Enquiries:

SmartSpace Plc

Frank Beechinor (CEO)

Kris Shaw (CFO)

 

Lisa Baderoon (Head of Investor Relations)

lbaderoon@smartspaceplc.com

 

 

via Lisa Baderoon

 

 

 

+44 (0) 7721 413 496

Singer Capital Markets (NOMAD and Joint Broker)

Shaun Dobson

Tom Salvesen

Jen Boorer

Alex Bond

 

+ 44 (0) 20 7496 3000

Canaccord Genuity (Joint Broker)

Adam James

Georgina McCooke

 

+44 (0) 20 7523 8000


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 and desk booking ( www.spaceconnect.co )

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

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

 

For more information go to:  www.smartspaceplc.com

 

 

 

 

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