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accesso Technology Group PLC - software provider for the leisure, entertainment and cultural sectors
- Expects to report around $152 million in revenue for 2024, in line with the guidance range of $150 million and $153 million given back in August. Forecasts revenue growth of approximately 4%, adjusting ‘for the decision to step away from $3.3 million pass-through revenue from a virtual queuing customer’. accesso furthermore predicts a 15% cash earnings before interest, tax, depreciation, and amortisation margin, surpassing revised expectations of a 13% to 14% cash Ebitda margin. Says: ‘With continued commitment to operational efficiency, the group is now delivering more profitable growth.’ Notes a net cash position of $28.7 million as of December 31. accesso plans to provide 2025 outlook and guidance with its full-year report in April.
Current stock price: 532.00 pence, up 11% in London around midday on Tuesday
12-month change: down 6.7%
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