IQGeo Group plc provided revenue guidance for the year ended December 31, 2021. For the year, the company announced that the revenue for the year is expected to show an increase of approximately 48% to not less than £13.7 million (2019: £9.2 million) with growth across both the IQGeo core business and the OSPInsight business acquired in December 2020. The Group has expanded its base of customers from 262 to 324 with recurring revenue net retention at approximately 113% (2020: 140%).

The Group has a strategic focus on becoming a high recurring revenue business and expects to report that approximately 43% of the Group's total revenues are now recurring (up from 35% for the year to 31 December 2020), with the Exit ARR of these contracts as at 31 December 2021 increasing by 55% to approximately £8.2 million (2020: £5.3 million).