Date: Tuesday 01 Apr 2014
LONDON (ShareCast) - Compliance software-as-a-service supplier Access Intelligence increased its spending on research and development, which led to increased losses but encouraging underlying results.
Turnover increased 4% to £8.4m, of which 72% was recurring revenue.
Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 57% to £0.58m, but post-tax losses ballooned from £0.1m to £2.6m as the company upped its total technology spend from £1.9m to £4.2m, of which £17m was capitalised.
Executive Chairman Michael Jackson said: "This year we have continued to invest in the strategic development of both the company and its innovative software solutions with 49% of our revenues funding technical and R&D activities.
"During the year we have benefitted from the additional investment made during 2012 and 2013, which can be seen in the new contracts signed during 2013 and the 21% increase in revenues contracted not yet invoiced."
OH
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Currency | UK Pounds |
Share Price | 68.50p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 78.00 |
52 Week Low | 53.00 |
Volume | 79,452 |
Shares Issued | 127.70m |
Market Cap | £87.47m |
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CEO | Marguarite Joanna Arnold |
CFO | Mark Fautley |
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