Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF), a provider of queuing technology in the leisure, entertainment and cultural sectors, said it met its financial targets for last year - even after investing in new products and transitioning away from lower margin business.
Investors were told revenues grew by 6% last year to US$148.5 million with cash EBITDA in line with expectations at a margin of not less than 15%.
A major win for the business was the early commitment to its Accesso Horizon product, which includes a multi-year project in Saudi Arabia, marking its expansion into new markets.
Looking forward, Accesso anticipates 9% revenue growth in 2024 and aims to improve its cash EBITDA margin to at least 17%.
In early trading, the shares were up 15p, or 3%, to 539p.