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Annual Results

Access Intelligence recurring revenues rise

11 April 2016 08:26

Access Intelligence posts a loss of £3.2m for the year to the end of November compared with GBP1.1m in 2014.

Revenue from continuing operations rose by 89% to GBP8.1m and recurring revenue from continuing operations increased 99% to GBP7.5m.

The group said it had made a strategic shift in focus with increased emphasis on the development of the reputation and risk management divisions of the business.

Non-executive chairman Michael Jackson said it had been a pivotal year for the comoany.

"Our strategic M&A activities have refocussed the Group firmly in the Reputation Management market, whilst divesting a non-core asset in software maintenance and hosting. The EBITDA loss reflects the substantial reorganisation costs associated with Group M&A and research and development. Post year end, the Group also divested of a non-core asset Due North Ltd for £4.5 million."

At 8:26am: (LON:ACC) Access Intelligence PLC share price was 0p at 4.88p

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