Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Software-as-a-Service company Access Intelligence reported wider losses as rising costs offset a jump in annual revenue.
For the year ended 30 November 2019, pre-tax losses widened to £2.9m from £1.7m, while revenue increased by 51% year-on-year to £13.43m.
The group incurred £93K of net financial expense, down from £160K, and charged £1.9m in depreciation and amortisation, more than double last year's £896K.
Annual contract value base increased by 46% to £18.1m on-year.
'Our commitment to growth was evidenced by the acquisition of Pulsar and further product enhancements to the Vuelio and ResponseSource platforms. Pulsar is a particularly exciting addition because it strengthens our technology, data and research capabilities while opening US and global opportunities,' said Christopher Satterthwaite, non-executive chairman of Access Intelligence.
At 9:10am: (LON:ACC) Access Intelligence PLC share price was +0.5p at 50p