Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) chief executive Steve Brown highlighted the attraction ticketing technology firm is more resilient than ever, as the AIM-quoted firm reported results in line with its revised expectations.
Profits for the year were, in fact, better than estimated previously.
At $152.29 million revenue for the year was up 1.9%, whilst cash earnings (EBITDA) totalled $2.83 million and statutory profit was up 32.6% before tax at $11.68 million.
“We know this outturn is not at the level we set out to achieve at the start of the year, but we delivered these results in conditions where our customers faced lower levels of consumer activity, and a key strategic project in Saudi Arabia saw a shift in the planned opening date," Steve Brown said in the statement.
“Despite these challenges, we held our business steady, managed costs, and continued to diversify.”
Accesso noted that the company's operating margin was ahead of forecast - at 15% versus its previously revised guidance of 13-14%.
“Our pipeline is strong and our technology continues to deliver outstanding results for our clients,” Brown added. “Accesso today is more resilient and better equipped with market-leading technology than ever.
“As we look forward, we continue to push ahead with our initiatives to deliver top-line growth while focusing on profitability.”
Brown told investors that Accesso is prioritising high-margin revenue streams, controlling costs, and seeing results from efforts to ‘drive operational excellence’.
“Although our operating environment has been improving in recent months, we now need to exercise prudence in the face of possible US tariff-related macroeconomic impacts," he explained.
“It is too early to predict exactly how these dynamics might affect our year ahead, but we are cautiously optimistic.”
Brown highlighted that Accesso’s dynamic solutions support customers enabling flexibility across product, pricing and promotions as they respond to changes in the consumer landscape.
“Our global customer base is largely comprised of local and regional venues which have historically shown resilience as consumers opt for nearby entertainment offerings in lieu of higher cost destination holiday travel,” the Accesso CEO added.
UK stockbroker Shore Capital repeated a 'Buy' recommendation after Tuesday's results.
"The group continues to focus on its go-to-market strategy and winning new clients," Shore Cap analysts said in a note.
"However, whilst the accesso is making progress in terms of diversifying both geographies and industry exposure (mainly Ski), it still has over 60% of its revenues coming from the US, so the development around the US consumer backdrop will be key."