Accesso Technology Group PLC (LSE:ACSO, OTC:LOQPF, FRA:LQG), the supplier of ticketing and guest experience software to theme parks, ski resorts and cultural attractions, said its outlook for the full year was unchanged.
The company continues to expect revenue of approximately $146 million and cash EBITDA, a measure of underlying earnings after capitalised development costs, of approximately $20 million.
Trading will again be weighted towards the second half, which captures the summer and Halloween seasons.
That guidance includes a milestone payments from projects in the Middle East, principally Saudi Arabia, with roughly $1.9 million of the revenue dependent on delivery between now and December.
Trading in the six months to 30 June was resilient and in line with the board's expectations, accesso said in a half-year update.
The group has been leaning on cost efficiencies introduced earlier in the year while continuing to spend selectively on artificial intelligence and payments.
Its payments product, accessoPay, is now live, with the first customers expected to start transacting during August.
The launch completes a strategy of bundling the company's ticketing, food and beverage, retail, guest experience and virtual queuing products into a single connected platform sold under one commercial relationship.
Accesso said the first half brought an increasing number of multi-product deals and a developing pipeline aligned to the bundled offering.
Lee Cowie, who became chief executive earlier this year, said customers were responding to the simplicity of the integrated proposition and the clearer return on investment it offered.
He said that gave the company confidence in driving increased customer value, sustainable growth and margin improvement over time.
Peel Hunt kept its 'buy' rating and 370p target, noting the guidance holds despite lower-than-expected summer footfall reported by Universal and a 6% fall since March in consensus admissions revenue at Six Flags, accesso's largest client.
Separately, the company disclosed an information technology security incident in a second statement on Monday.
It said that, based on work carried out so far, it judged the risk of financial exposure to be low and the incident had no bearing on the outlook.
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