SmartSpace Software plc, (LON:SMRT) the leading provider of ‘Integrated Space Management Software’ for smart buildings and commercial spaces has announced a trading update for the 11 month period to 31 December 2021 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.
SmartSpace Software is a SaaS-based technology business, designing and building smart software solutions. The Company’s software solutions help transform employee engagement with modules which include visitor management, desk management, meeting room management and analytics.
The three operating companies in the Group comprise:
· Space Connect – SaaS meeting room and desk booking.
· SwipedOn – SaaS visitor management, desk booking.
· Anders & Kern – distribution and technical support.