Essensys (LON: ESYS) claims that it is the market leader in the flexible workspace sector. The growth is coming from the US, which was a small contributor to revenues three years ago.
The global flexible workspace market is expected to achieve a compound annual growth rate of 21% up until 2022. Commercial landlords are converting ordinary office space into flexible workspace and this provides new potential customers for Essensys
UK recurring revenues have declined, though, due to the loss of a customer and growth is coming from the US, which is still at an early stage and gross margin is...
