Edison Investment Research - 1Spatial (SPA) 1Spatial - First contract win in the US’s fourth largest state

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Edison Investment Research

Richard Williamson

1Spatial - First contract win in the US’s fourth largest state

1Spatial’s US expansion continued unabated with its latest announcement of its first contract win with the State of New York. The contract for an undisclosed modest amount is with the New York State Office of Internal Technical Services, where 1Spatial’s 1Integrate solution will be used to automate data collection and verification from numerous governmental entities within state-wide address and roads databases. The US market is a key growth engine for 1Spatial and the New York win shows its strategic US expansion plan continues to bear fruit. This contract follows other recent wins and extensions in the US market, including with the California Department of Transportation, and the states of Montana, Georgia, Minnesota and Arizona, and with Google. We are encouraged by its continued progress and maintain our forecast of significant growth in the United States; we have not adjusted our estimates.

27/05/2022 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 - First contract win in the US’s fourth largest state

1Spatial - SaaS applications to build on Enterprise strength

1Spatial - Landmark 1Streetworks contract

1Spatial - €9m enterprise win with European utility

International Public Partnerships - Consistently and responsibly delivering

Portobello SpA - Focus back on the operations

Intralot - Focus on business development in FY24

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