25th Apr 2014 10:07
LONDON (Alliance News) - 1Spatial PLC Friday said that its full-year results would be in line with market expectations for the year to end-January, as it saw a "solid" performance over the year.
The information technology software company said that it entered the new financial year with an order back-log of over GBP7 million, and a "significant pipeline of opportunities."
1Spatial raised GBP17.1 million in a placing during the year, and acquired Star-Apic Ltd in June for GBP600,000. As at January 31 the company had cash of GBP11.1 million.
The company said it will continue to develop its product and service offerings, and develop new geographic and industry markets.
Shares in 1Spatial were trading up 9.1% at 6.82 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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