Edison Investment Research - 1Spatial (SPA) 1Spatial - Contract wins underpin US growth opportunity

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Edison Investment Research

Richard Williamson

1Spatial - Contract wins underpin US growth opportunity

1Spatial’s announcement of contract wins in the US, spanning a number of products across several states, highlights the company’s progress and opportunity in the world’s largest market for software. It also gives an early indication that management’s investment in strengthening the US business development team could yield good results. In the US 1Spatial now has contracts or framework agreements with 21 states, up from 18 at year-end, with management setting a longer-term ambition of generating $1m in annual recurring revenues from each state.

02/07/2024 1 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 - Contract wins underpin US growth opportunity

1Spatial - Investing in the transformational SaaS opportunity

1Spatial - SaaS applications to build on Enterprise strength

AAC Clyde Space - Acquisition of Spacemetric

Heliad - Market environment turning slightly more positive

Nanoco Group - Visibility pushed back

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