Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) said it expects to announce record revenues for the past year, along with strong cash generation.
The technology provider to theme parks and visitors attractions around the world said the performance “underscores the increased demand for its range of innovative and highly differentiated technology, along with continued commitment to revenue growth and operational excellence”.
Revenue for the 2022 calendar year is anticipated to come in at no less than US$139mln – up from US$124.8mln the year earlier and ahead of management’s initial full-year expectations.
Group cash ended the year at roughly US$64mln, linked to a strong operating performance and a cash EBITDA margin of at least 17%.
Accesso, which also has access to an undrawn banking facility of £18mln, said it “will expand on its view of its 2023 outlook” when it publishes final results in March.