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15 Jul 2019 | 14:45

Access Intelligence posts first-half loss as expenses offset rising sales

Software-as-a-service supplier Access Intelligence posted a first-half loss, as rising revenue was offset by higher spending.

Pre-tax losses for the six months through May amounted to £1.4m, compared to losses of £0.9m on-year.

Revenue rose by around 42% to £6.2m.

'In this half year period, the group delivered increased revenue and an adjusted Ebitda profit of £379k, driven by the acquisition of ResponseSource in 2018 and encouraging organic growth,' chairman Christopher Satterthwaite said.

'We are pleased with the progress made which reflects the strength of the organisation and the value of its subscription-based revenue model.'

'As the integration of ResponseSource with the Vuelio platform nears completion, we expect growth to accelerate due to the new services available to customers.'

'We are progressing well on our journey to creating the market leading, intelligence platform set to transform reputation management.'

At 2:45pm: (LON:ACC) Access Intelligence PLC share price was +0.5p at 58.5p

Story provided by StockMarketWire.com
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