The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSMRT.L Share News (SMRT)

  • There is currently no data for SMRT

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Smartspace Software interim revenue jumps as loss narrows

Tue, 11th Oct 2022 14:18

Smartspace Software PLC - Suffolk, England-based software company - Notes growing interest in its desk management software as interim revenue surges. Pretax loss in the six months to July 31 narrows to GBP1.1 million from GBP1.8 million a year prior. Revenue grows 45% to GBP3.7 million from GBP2.5 million. Cost of sale of goods widens by 61% to GBP909,000 from GBP564,000.

Revenue from its Space Connect unit climbs 85% to GBP305,000 from GBP165,000. SwipedOn grows 48% to GBP2.1 million from GBP1.4 million. Space Connect offers a software that is focused on desk booking, while SwipedOn offers a booking software that gives businesses the ability to manage shared desk spaces from a central application.

Looking ahead, firm is confident in growth. Chief Executive Officer Frank Beechinor states: "With the pandemic mostly behind us, we are seeing a change in sentiment towards efficiency and work place optimisation. This shift is beginning to contribute to sales growth, with growing interest in both Space Connect and SwipedOn. Growth in Evoko Naso receipts offers further promise of revenue growth in the second half of the year and beyond."

Evoko Naso aims to simplify managing and booking rooms for meetings.

Current stock price: 37.55 pence, up 0.1% on Tuesday

12-month change: down 66%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
14 Jan 2022 14:09

SmartSpace set to end year in line with market forecasts

(Sharecast News) - 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.

Read more
14 Jan 2022 10:23

IN BRIEF: SmartSpace expects to end year in line with expectations

IN BRIEF: SmartSpace expects to end year in line with expectations

Read more
14 Jan 2022 09:06

Canaccord Genuity raises target price on SmartSpace

(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on software firm SmartSpace from 140.0p to 160.0p on Friday after the company said it had built on its strong first-half software-as-a-service momentum.

Read more
26 Oct 2021 17:40

TRADING UPDATES: Kin & Carta raises organic revenue growth outlook

TRADING UPDATES: Kin & Carta raises organic revenue growth outlook

Read more
26 Oct 2021 13:12

SmartSpace recurring revenues improve as losses widen slightly

(Sharecast News) - Workspace management software company SmartSpace reported an 8.8% improvement in total group revenues in its first half on Tuesday, to £2.52m.

Read more
22 Oct 2021 12:14

IN BRIEF: Smartspace Software hit by slow return to office life

IN BRIEF: Smartspace Software hit by slow return to office life

Read more
22 Oct 2021 10:47

AIM WINNERS & LOSERS: Ironveld boosted by Grosvenor investment plan

AIM WINNERS & LOSERS: Ironveld boosted by Grosvenor investment plan

Read more
22 Oct 2021 08:02

Smartspace Software FY adjusted underlying losses expected to have widened

(Sharecast News) - IT service management company Smartspace Software said on Friday that adjusted underlying losses were expected to have widened in the twelve months ending 31 January 2022.

Read more
9 Aug 2021 12:06

SmartSpace expects 9% revenue rise as software products drive growth

SmartSpace expects 9% revenue rise as software products drive growth

Read more
30 Jun 2021 16:02

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
18 Jun 2021 13:43

IN BRIEF: Smartspace Software signs international deal with Gategroup

IN BRIEF: Smartspace Software signs international deal with Gategroup

Read more
18 Jun 2021 10:27

Smartspace to deploy SwipedOn solution across Gategroup's international estate

(Sharecast News) - Software firm Smartspace said on Friday that has inked a new international customer agreement with Gategroup that will see the company deploy its SwipedOn visitor management solution across the client's international estate.

Read more
30 May 2021 23:16

Sunday share tips: PureGym, SmartSpace Software

(Sharecast News) - The Sunday Times's Sabah Meddings told readers shares of PureGym were a 'hold' given the recent run higher in the company's share price.

Read more
27 May 2021 17:27

EXECUTIVE CHANGES: Vectura senior director departs amid takeover offer

EXECUTIVE CHANGES: Vectura senior director departs amid takeover offer

Read more
10 May 2021 13:25

IN BRIEF: Smartspace Software plans expansion abroad as lockdowns lift

IN BRIEF: Smartspace Software plans expansion abroad as lockdowns lift

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.