Accesso Technology Group (LON:ACSO) has released its full year results for 2023, showcasing some key financial figures. The company reported revenue of US$149.5m, which is a 7.0% increase from the previous year. However, net income decreased by 24% to US$7.69m, resulting in a profit margin of 5.1% compared to 7.2% in the previous year. Earnings per share (EPS) also saw a decline from US$0.24 to US$0.19.
The revenue and expenses breakdown for the company over the last 12 months reveal that the Ticketing segment was the primary revenue driver, contributing US$104.0m, accounting for 70% of total revenue. General & Administrative costs were the largest operating expense, totaling US$94.5m, which makes up 86% of total expenses.
Looking ahead, accesso Technology Group is forecasting a 7.2% average annual growth in revenue over the next three years. This is slightly lower than the forecasted 10% growth for the Software industry in the United Kingdom.
The company’s shares have seen a 6.0% increase over the past week, showing some positive movement in the market.
However, there are also two warning signs that investors should be aware of when considering investing in accesso Technology Group:
Firstly, while revenue has increased by
