Media Commentary
  • cropped-logo-techinvest-online-854-180
    Techinvest's Tadhg Cotter reports on SmartSpace ‘Interim results, acquisition of Space Connect and future growth strategy’

    Following the disposal of the Systems Integration and Managed Services divisions which completed in June 2018, SmartSpace has made significant progress in becoming a provider of integrated space management software. Modules developed so far include desk, meeting room and visitor management, wayfinding and event management. The company has also signed two major enterprise customers, one in the financial sector and one in the hospitality sector. Going forward, SmartSpace aims to provide greater visibility of forward revenues by targeting the self-serve and mid-range markets which can deliver pure SaaS revenues at higher margins. Acquisitions are also on the agenda and the example of Space Connect shows how significant synergies can be achieved through deals of this kind in a sector that is ripe for consolidation. Hold.

    01 December 2019
  • valuemarket
    SmartSpace CEO Beechinor on SaaS firm’s major plans in the workplace solutions market

    Against a volatile stock market that has hit many London-listed small-cap firms, software-as-a-service (SaaS) player SmartSpace has delivered steady performance so far this year, currently sitting at 84.7p. Following a major repositioning last year, the £18.8m business has been working hard to develop its wholly-owned platform aimed at addressing a growing need for space management solutions among companies. With SmartSpace recently painting a clear picture of its near-term growth plans in its full-year results, we spoke to chief executive Frank Beechinor about the company’s progress since our feature profile in January.

    Read the full article here

    04 July 2019
  • Directors Talk
    SmartSpace Software Plc SwipedOn has seen a net increase of 22% to more than 2,700 customers

    SmartSpace Software Plc (LON:SMRT), the leading provider of ‘Integrated Space Management Software’ for smart buildings, commercial spaces and hospitality, announced that trading for the year ended 31 January 2019 was in line with market expectations.

    Download the PDF or read the full article here

    04 March 2019
  • GCI
    February 2019 : Growth Company Investor

    The business model is SaaS subscription focused, but a recent big banking deal covering 360 locations will be a hybrid of usage and licence revenue.

    01 February 2019
  • TechInvest
    Techinvest's Tadhg Cotter reports on SmartSpace ‘Interim results, acquisition of SwipedOn and exciting long term growth strategy’

    The acquisition of Swipe-On will help broaden Smartspace’s revenue base and will enable the business to be less dependent on enterprise-level deals. With a strong cash position, the enlarged group will be able to accelerate the ‘buy and build’ strategy, acting as a consolidator in the fragmented market for smart building software and services. The shares currently trade on a cash adjusted P/E of 10.1. Continue to buy."

    01 November 2018
  • Value Market
    ‘It is a global phenomenon’: SmartSpace’s CEO Frank Beechinor on making money out of our changing attitudes to office working (SMRT)

    Since August last year, volatile market conditions have pushed newly-rebranded software-as-a-service business SmartSpace (LSE:SMRT) down from highs of 109.5p to its current 90p. The firm’s flagship product is a platform that supports companies in their efforts to make the most out of their workspace as rents continue to increase and employees take an increasingly flexible approach to office hours. Here, CEO Frank Beechinor talks through SmartSpace’s efforts to bolster its product offering and customer base. With the company’s share looking so cheap, he also explains why he believes the ‘global phenomenon’ of workspace optimisation could provide an exciting investment opportunity.

    Download the PDF or read the full article here


    08 January 2019