Final Results for the Year Ended 31 January 2023

SmartSpace Software Plc, (AIM:SMRT) the leading provider of "Integrated Space Management Software" for smart
buildings and commercial spaces is pleased to announce its Audited Final Results for the year ended 31 January 2023.

Financial Highlights:

  • Revenue up 48% to £5.06m (FY22: £3.41m)
  • Annual recurring revenue (“ARR”) up 25% year on year to £5.59m* (FY22: £4.23m or £4.49m on constant
  • currency basis)
  • Recurring revenues up 49% to £4.92m (FY22: £3.29m)
  • Gross margin on continuing operations 89% (FY22: 89%)
  • Group Adjusted EBITDA** loss of £0.77m (FY22: £2.38m) with SwipedOn reporting its first full year profit
  • Monthly average revenue per user (“ARPU”) increased by 25% year on year to £97* at 31 January 2023
  • (FY22: £73 or £77 on constant currency basis)
  • Loss per share from continuing operations 7.19p (FY22: 8.11p)
  • Cash balance at the period end of £1.96m (FY22: £2.76m) and a net cash position of £1.63m (FY22: £2.38m)

Click here to read the full press release.