Edison Investment Research - 1Spatial (SPA) 1Spatial - 1Spatial wins data migration contract with NGN

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Edison Investment Research

Richard Williamson

1Spatial - 1Spatial wins data migration contract with NGN

1Spatial has announced a multi-year contract with Northern Gas Networks (NGN) with a total contract value of more than £1m, including a recurring revenue element of more than £0.2m. NGN will use 1Spatial’s 1Integrate product to audit, clean and migrate data to Esri’s ArcGIS. The bulk of the revenues are expected to fall in the current financial year (FY22). We make no changes to numbers, but following 1Spatial’s CalOES win in the US last month (see Edison note) momentum in the business appears to be encouraging.

12/02/2021 2 EN

Underlying

1Spatial

1Spatial is a holding company. Through its subsidiaries, Co. is engaged in the development and sale of information technology (IT) software along with related consultancy and support. Co. has two business segments and brands: 1Spatial, which is a technology enabled solutions provider supplying spatial solutions, software and services; and Enables IT, which is a solutions provider focusing on network managed services.

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GB00BFZ45C84 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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1Spatial - 1Spatial wins data migration contract with NGN

1Spatial - SaaS applications to build on Enterprise strength

1Spatial - Landmark 1Streetworks contract

1Spatial - €9m enterprise win with European utility

Norcros - Sale of Johnson Tiles UK agreed

Henderson Far East Income - Repositioning to raise total returns

Freelancer - AI to drive return to growth

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