Edison Investment Research - 1Spatial (SPA) 1Spatial - Wins in the utilities sector for AI-supported apps

Report

Edison Investment Research

Richard Williamson

1Spatial - Wins in the utilities sector for AI-supported apps

1Spatial has secured several new contracts in the utility sector for its AI-supported applications, highlighting the opportunity for it to enable the digitisation of the utilities industry. The deals include two for 1Spatial’s Pipe Inference solution and four for the Utility Network Migration application, each valued at up to £0.3m. While we are not adjusting our estimates, these deals support the company's ongoing shift towards a higher-margin software business model.

19/12/2024 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.

See profile

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.

See profile

Analysts

Richard Williamson

Other Reports on these Companies

Edison Investment Research

1Spatial - £1m 1Streetworks deal highlights the opportunity

1Spatial has announced the completion of a landmark deal for its key 1Streetworks application. Originally highlighted at the interims, the company has now revealed the client to be Surrey County Council. The deal is encouraging for two reasons. Firstly, the size of the deal (£1m over 12 months) indicates that the potential opportunity for this product is large. Secondly, the council’s plan to use the product as a collaboration tool with contractors and utility companies should help stimulate wider adoption within the industry.

October 21, 2024 October 21, 2024 1 EN

Edison Investment Research

1Spatial - Contract momentum underpins growth prospects

1Spatial’s H1 results showed a continued improvement in the quality of revenues, while recent deal flow provides good support for our expectation of faster growth and margin expansion from H2. Most notably, with the results the company has announced a second win (subject to contract completion) for the key 1Streetworks SaaS product. The size of the deal – £1m over one year with a UK county council – provides a good indication that the market opportunity for this product is substantial, while the deployment should also lower the barriers for adoption of the product with other potential clients....

October 14, 2024 October 14, 2024 1 EN

Intralot - Continuing improvement in Q324

Intralot’s (INLOT’s) Q324 results demonstrated good underlying revenue growth, which was offset by one-offs and negative foreign exchange differences, and a typical seasonal and sequential (ie quarter-on-quarter) increase in EBITDA. Since the start of Q324, INLOT has announced a contract extension (at least two years beyond 2026) in Australia; a new iLottery contract win in British Columbia, extending the existing relationship with the province; and the loss of an important lottery contract, with current EBITDA of US$20m, in Ohio, US, from July 2027. We have reduced our FY24 EBITDA estimate by...

16h / 33m 16h / 33m 1 EN

Martyn King

Martyn King

Picton Property Income - Delivering on key initiatives

Since reporting H125 results, Picton has agreed the sale of an office asset designated for alternative use, completed the small but accretive acquisition of an industrial unit, and undertaken several leasing and other asset management initiatives. Together, these demonstrate continuing progress with the active measures being taken to improve occupancy, grow income and dividends, and realise value embedded in the portfolio.

21h / 14m 21h / 14m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

1Spatial - Wins in the utilities sector for AI-supported apps

1Spatial - £1m 1Streetworks deal highlights the opportunity

1Spatial - Contract momentum underpins growth prospects

Intralot - Continuing improvement in Q324

Picton Property Income - Delivering on key initiatives

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe