Accesso maintains revenue expectations, lifts margin outlook

(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.