Smartspace Software PLC - IT service management company - Warns on full-year outturn after experiencing "global uncertainty" over a return to offices. Had expected sales of Evoko Naso conference room management software to accelerate in the autumn, but this has not happened so far. Smartspace says full return to offices in Evoko's key markets not yet materialised. As such, company decides to adopt "more cautious" stance over outlook. Now expects revenue for financial year to January 31 to be not less than GBP5.2 million, and Ebitda losses capped at GBP2.7 million. For the 2021 financial year, it posted revenue of GBP4.6 million and adjusted Ebitda loss of GBP2.1 million.
Current stock price: 83.00 pence, down 13% on Friday
Year-to-date change: down 41%
By Eric Cunha; ericcunha@alliancenews.com
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