SmartSpace set to end year in line with market forecasts
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.
The AIM-traded firm said that as a result, it was now expecting results for the full year ending 31 January would be in line with market expectations.
“Accordingly, group revenues for the year ended 31 January are expected to be £5.2m, and adjusted EBITDA losses not more than £2.7m,” the board said in its statement.
“The group's cash as at 31 December totalled £2.8m.”
SmartSpace said it would provide a more detailed analysis of trading within the key businesses, as part of its year-end trading update, expected in mid-February 2022.
At 1328 GMT, shares in SmartSpace Software were down 0.78% at 76.4p.