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1Spatial books first-half loss as revenue falls

By BFN News | 07:51 AM | Monday 14 October, 2019


Geospatial data company 1Spatial booked a first-half loss as it sales fell following a restructure. Pre-tax losses for the six months through September amounted to £0.67m, compared to losses of £1.82m on-year. Revenue fell to £10.9m, down from £17.6m on-year. 'Today's results demonstrate that 1Spatial is coming to the end of the three-year turnaround phase of our vision for the business,' chief executive Claire Milverton said. 'We have improved visibility of recurring revenues and growth in profits.' Story provided by StockMarketWire.com

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