Trading Update 14 January 2022
SmartSpace Software Plc, (AIM:SMRT) the leading provider of 'Integrated Space Management Software' for smart buildings and commercial spaces is pleased to announce a trading update for the 11 month period to 31 December 2021 (the “Period”), in advance of the Company’s year end of 31 January 2022.
The Group has been progressing its objective to build a high growth SaaS business with strong recurring revenues and consequently, expects that results for the full year ending 31 January 2022 will be in line with market expectations. Accordingly, Group revenues for the year ended 31 January 2022 are expected to be c. £5.2m and adjusted EBITDA losses not more than £2.7m. The Group’s cash as at 31 December 2021 totalled £2.8m.
SmartSpace will provide a more detailed analysis of trading within the key businesses, as part of the year end trading update, expected to be announced in mid-February 2022.
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