Move to a client centric solutions model

Having undertaken a full strategic review, 1Spatial is moving towards a more client-led solutions provider model from its previous IP-centric one. A restructuring plan is also being executed to reduce overheads, create clear reporting lines and align the business to the new model. The extent of transition means visibility is low and hence we withdraw our estimates. Nevertheless, we believe there is substantial intrinsic value within the business which with a modicum of execution should be unlocked.