28 April 2021 | 09:59am
StockMarketWire.com - Location data group 1Spatial reported a full-year loss after rising revenue was offset by expenses.
Pre-tax losses for the year through January amounted to £1.4 million, compared to year-on-year losses of £1.7 million. Revenue rose 5% to £24.6 million.
'We entered the 2021 financial year in a considerably improved financial and strategic position, following the successful conclusion of the three-year turnaround plan and were set for a year of growth,' chief executive Claire Milverton said.
'While the emergence of the coronavirus in early 2020 re-shaped the year for us, we are proud of how our teams responded and of the results delivered.'