Accesso maintains revenue expectations, lifts margin outlook
By Josh White
Date: Tuesday 28 Jan 2025
(Sharecast News) - Leisure, entertainment and cultural sector technology specialist Accesso Technology Group said in an update on Tuesday that it expected full-year revenue to align with its August guidance, reaching around $152m.
The AIM-traded firm said that excluding a $3.3m adjustment from stepping away from pass-through revenue tied to a virtual queuing customer, underlying revenue growth was estimated at 4%.
It highlighted improved operational efficiency, which the board said had driven higher profitability.
Cash EBITDA margins were now anticipated to reach around 15%, exceeding the previously revised forecast of 13% to 14%.
Accesso said it ended the year with a strong financial position, recording $28.7m in net cash as of 31 December.
The group said it would outline its outlook and guidance for 2025 when it releases its full-year results in April.
At 1144 GMT, shares in Accesso Technology Group were up 11.06% at 532p.
Reporting by Josh White for Sharecast.com.
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