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14 Jan, 2022 14:09

SmartSpace set to end year in line with market forecasts

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SmartSpace SoftwareSharecast graphic / Josh White

Workplace and commercial building space management software company SmartSpace Software said in a trading update on Friday that it had been progressing its objective to build a high-growth software-as-a-service (SaaS) business, with “strong” recurring revenues.

The AIM-traded firm said that as a result, it was now expecting results for the full year ending 31 January would be in line with market expectations.

“Accordingly, group revenues for the year ended 31 January are expected to be £5.2m, and adjusted EBITDA losses not more than £2.7m,” the board said in its statement.

“The group's cash as at 31 December totalled £2.8m.”

SmartSpace said it would provide a more detailed analysis of trading within the key businesses, as part of its year-end trading update, expected in mid-February 2022.

At 1328 GMT, shares in SmartSpace Software were down 0.78% at 76.4p.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.