1Spatial (AIM: SPA) Announces Final Results for the year ended 31 January 2021

Revenue by region

 

2021

£’000

2020

£’000

UK

7,160

7,381

Europe

11,460

11,080

US

2,908

2,250

Rest of World

3,072

2,674

Total revenue

24,600

23,385

The Board assesses the performance of the Group based on a measure of adjusted EBITDA. Adjusted EBITDA is a company-specific measure which is calculated as operating loss before depreciation (including right of use asset depreciation), amortisation and impairment of intangible assets, share-based payment charge and strategic, integration, and other non-recurring items (see note 4).

The following table provides an analysis of the Group’s revenue by country of domicile, split by whether the revenue is recognised at a point in time or over time.

 

2021

£’000

2020

£’000

UK/Ireland

8,443

8,810

At a point in time

1,081

1,651

Over time

7,362

7,159

Europe

11,150

10,242

At a point in time

1,687

2,158

Over time

9,463

8,084

United States

2,908

2,250

At a point in time

987

864

Over time

1,921

1,386

Australia

2,099

2,083

At a point in time

742

915

Over time

1,357

1,168

 

24,600

23,385

As at 31 January 2021, costs to obtain and fulfil a contract of £197,000 were included in other receivables (2020:

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