Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) said solid trading continued through to the end of 2021 and expects full-year revenues and margins to be in line with its October update.
Revenues will be "not less than US$124mln", the ticketing technology provider said, which would be well ahead of its initial expectations, despite some impact from the emergence of the coronavirus Omicron variant in December.
Acesso said it expects profit to be in line with its October guidance of a cash EBITDA margin above 20%.
Cash at the end of December was roughly US$64mln, with an undrawn facility of £18mln.
"The group's 2021 revenue performance amid the pandemic is a clear reflection that demand for its technology is strong and its market opportunity is significant," the group said.
"Venue operators are increasingly focused on leveraging technology to meet their guests' mobile-first expectations while operating more efficiently. This has resulted in increased utilisation of accesso solutions within the group's existing client base as well as robust levels of interest from new customers wishing to sign on."
The board promised to expand on the 2022 outlook at the time of results in March.