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SmartSpace Software – “pleased to announce” results. Er, what’s so ‘pleasing’ then?

By Steve Moore | Tuesday 16 May 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Previously writing on software for ‘smart’ buildings and commercial spaces company SmartSpace Software (SMRT), in February with the shares up to 48p I concluded that a not comfortable balance sheet position, ‘jam tomorrow’ still to be delivered and a £13.9 million market cap meant I continued to avoid. The shares last closed at 53p, but are currently down towards 45p on the back of full-year results – so what position is the company in now?

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