Accesso Technology Group (LON:ACSO) has released its financial results for the year 2023, showcasing some crucial figures. The company’s revenue increased by 7.0% to US$149.5m from the previous year, but net income decreased by 24% to US$7.69m, resulting in a profit margin of 5.1%. Earnings per share (EPS) also declined from US$0.24 to US$0.19.
A breakdown of revenue and expenses over the past 12 months reveals that the Ticketing segment was the primary revenue driver for accesso Technology Group, accounting for 70% of total revenue with US$104.0m contribution, while General & Administrative costs were the largest operating expense with a total of US$94.5m or 86% of total expenses. These figures have a significant impact on the company’s earnings.
Looking ahead, accesso Technology Group forecasts a growth rate of 7.2% in average annual revenue over the next three years, which is slightly lower than the projected growth rate of 10% in the Software industry in the United Kingdom. However, this highlights an essential aspect to consider when evaluating accesso Technology Group’s performance compared to industry standards.
Investors should be aware of two warning signs when considering investing in accesso Technology Group:
Firstly, despite seeing a positive increase of 6.0% over the past week in share prices, investors should keep an eye out for any potential risks or uncertainties that could affect future performance.
Secondly, it is crucial to take into account any recent price-sensitive company announcements or qualitative material that may impact investor decision-making.
Overall, accesso Technology Group’s financial report provides valuable insights into their performance over the past year and what investors can expect moving forward based on analyst forecasts and historical data.
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Note: This analysis may not include all latest price-sensitive company announcements or qualitative material as we do not have any position in any stocks mentioned and are not providing financial advice.
