Previously writing on space booking and management technology company SmartSpace Software (SMRT), in August with the shares at 150p I concluded with even the forecasts versus the reported actual delivery I continued to avoid. The shares last closed at 95.5p and are currently circa 80p on the back of a trading update...
Previously writing on space booking and management technology company SmartSpace Software (SMRT), in May with the shares at 142.5p I concluded with the market cap above £40 million, I’d continue to monitor for the trading “positive momentum” showing through financially but only on my watchlist. The shares have since been above 180p but are currently down to 150p on the back of a trading update. So what’s going on?
SmartSpace Software (SMRT) has announced results for its year ended 31st January 2021, emphasising “pleased to report a year of good progress for the group in its transition to a cloud-based SaaS business” and “positive momentum continued post year end”. What then of the shares currently slightly lower to 142.5p?...
SmartSpace Software (SMRT) has made a trading update for its year ended 31st January 2021 including emphasising SaaS revenues up by 73% year-on-year and annual recurring revenue +60% along with “there are frequent articles in the media on Covid-safe workplaces, hybrid working and returning to the office and this is reflected in our sales enquiries as we offer solutions to help our clients manage this transition”. So why are the shares currently around 130p, 6% lower?...
A “Trading Update & Evoko Naso Launch” announcement from Smartspace Software (SMRT). It argues the launch “a major milestone for SmartSpace”, but there’s no financial specifics on that – and, for a company capitalised at £28 million, the trading update?...
Smartspace Software (SMRT) has updated including noting “a noticeable increase in new customer enquiries, trials and customer sign-ups… The board is of the belief that other countries and Governments, when easing their own Lockdowns, could follow similar directives, opening up further new customer enquiries for SwipedOn”...
A “Trading Statement” from 'Integrated Space Management Software' company Smartspace Software (SMRT) commences “in its interim statement, published in October 2019, the company noted its expectation that the year would be second-half weighted whilst also highlighting the unpredictability of the group's enterprise business”… Uh oh…
