SpaceandPeople shares rose as much as 62% in early trading after the company said that it expects to slightly beat market revenue forecasts for 2023 after a strong second half performance.
Shares at 1347 GMT were up 26.50 pence, or 45%, at 85.0 pence, having peaked at 95.0 pence earlier in the session.
The U.K. marketing specialist said Monday that it expects to report revenue for the year ended Dec. 31 of 5.8 million pounds ($7.3 million) compared with GBP4.7 million a year earlier.
It attributed its performance to particularly strong Brand Experience revenue, the successful launch of its Rock Up and Pop Up service and the continued recovery and expansion of its German retail business.