Climate data outfit Ecometrica enjoys sales surge
An Edinburgh software business that uses satellite data to map the effects of climate change has seen its sales more than double, fuelled by growth in North and South America.
Ecometrica, which also has offices in Boston, London and Montreal, said it has secured a number of new markets for its “groundbreaking” environmental reporting technology.
The firm’s “OneMap” product provides senior managers with access to satellite data, business information and local intelligence within a single map.
New figures reveal that full-year sales rose by 132 per cent, to just under £2.8 million. It reported a cash surplus of £499,000 in comparison to a £352,000 loss the year before.
In addition, the company boosted its working capital by securing a senior debt facility from Clydesdale Bank.
Chief financial officer Adrian Smith said: “Although Ecometrica’s balance sheet has topped £10m in assets, we remain determined to grow in a sustainable and profitable way. Our work with the UK Space Agency, providing mapping applications that show the effects of deforestation and climate change, has put us at the forefront of a British success story.
“As a result, we have seen significant turnover growth, particularly in the downstream space and mapping markets, across the UK and emerging markets, such as South America.”
Research and development spending more than doubled to £391,000 in the year, while staff hiring has seen the firm grow to a “critical mass” of 30 employees.
“All necessary specialities are covered,” added Smith. “Our focus remains on profitable growth.”