1Spatial Reports Key Growth in U.S. Contracts

1Spatial (GB:SPA) has released an update.

1Spatial, a leading company in Location Master Data Management, has announced significant growth in the U.S. market with new contracts and renewals, including two major deals with the Departments of Transport in Virginia and Georgia, and a framework agreement in Tennessee. These developments have enhanced the company’s recurring revenue streams and are in line with their strategy to average $1m in Annual Recurring Revenue from each U.S. state. The company’s CEO, Claire Milverton, expressed confidence in the ongoing U.S. expansion, citing the importance of accurate location data in digital transformation efforts across transport and emergency services.

For further insights into GB:SPA stock, check out TipRanks’ Stock Analysis page.