In this Research Note, we examine the SmartSpace Software group, based on their trading update providing unaudited results for financial year ending 31 January 2023 and their investor conference of 9th February 2023. SmartSpace Software Plc is a UK-based provider of workplace management software for smart buildings and commercial spaces, with revenues under $10 million. The group’s offerings include software for visitor and employee management, desk and meeting room booking and analytics modules. The company is listed on the London Stock Exchange’s AIM market.  SmartSpace Financial Highlights The Group has been progressing toward its objective to build a high-growth SaaS business with strong recurring revenues.  Revenue for the year ended 31 January 2023 up 36% to £7.0m (FY22: £5.1m). Continued momentum of Annual Recurring Revenue (ARR) up 26% year on year to £5.8m as at 31 January 2023 (FY22: £4.9m or £4.6m on a constant currency basis). Strong growth in recurring revenue up 45% to £4.9m […]