Provider of software and services to manage spatial ‘big data’, 1Spatial plc (SPA) has announced results for the six months ended 31st July 2014 and that it “is encouraged by current trading and looks forward to the future with confidence”.
The results show a £1.01 million decrease in net cash to £9.83 million, though this after particularly £0.95 million of exceptional costs and £0.77 million of capitalised product development expenditure more than amortisation. Revenue of £10.14 million was 7% higher on an underlying like-for-like basis, with the company noting “significant global hires made to support and strengthen the group”.
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