With customers now deploying multiple accesso solutions on an integrated basis and a lengthy company sale process in the rear-view mirror, I am generally optimistic about the future
Chief executive, Steve Brown
What accesso Technology does
accesso Technology Group PLC (LON:ACSO) is an AIM-listed firm providing ticketing e-commerce, virtual queuing and guest experience solutions.
The company has active subsidiary companies in several countries, including the USA and Canada, and operates in the leisure, entertainment and cultural markets for customers as varied as Village Roadshow, Calgary Philharmonic Orchestra and Merlin Entertainments.
How’s it doing
In a statement accompanying accesso’s full-year results, Steve Brown, CEO of the electronic queuing specialist, said transactional revenues were continuing to “grow double-digit” and now accounted for 80% of total revenues while the group had also “realised strong results in eCommerce transactional revenue and virtual queuing sales”.
For the year ended 31 December, the company reported adjusted earnings (EBITDA) of US$28.2mln, down from US$34.8mln in the prior year, while revenues were US$117.2mln compared to US$118.7mln in 2018.
The firm also hailed “positive momentum” in the its key performance metrics as it aimed to build its recurring revenue base in the coming year.
- In February, accesso said it had reached renewal agreements with several clients including theme park owner Palace Entertainment and the Washington State Fair while also securing new customers such as ITV Broadcasting, the Mount Washington Cog Railway and The New York Botanical Garden
- Steve Brown returned to the company as CEO in late January