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26 Mar 2019 | 14:05

Access Intelligence posts annual loss as expenses weigh

Communications and reputation management software provider Access Intelligence posted a full-year loss as business expenses more than offset a rise in revenue.

Pre-tax losses for the year through December amounted to £1.7m, narrowing from losses of £3.8m on-year.

Revenue rose 10% to £8.89m.

Access Intelligence elected not to pay a dividend due to 'the significant investment the company has made in strategic product innovation and sales development'.

Chairman Christopher Satterthwaite said the company's fundamentals were robust.

'We have strong commercial momentum, and the ResponseSource acquisition provides a platform to accelerate the expansion of our network and enhance the group's ability to provide a growing client base with data-driven communications intelligence,' he said.

At 2:05pm: (LON:ACC) Access Intelligence PLC share price was 0p at 58.5p

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