Accesso Technology Group (LON:ACSO) has released its financial results for the full year 2023, showing a slight increase in revenue to US$149.5m, up 7.0% from the previous year. However, net income decreased by 24% to US$7.69m compared to the previous year, and the profit margin also declined to 5.1%, down from 7.2% in the previous year, with earnings per share (EPS) dropping to US$0.19 from US$0.24.
Despite the decrease in net income, accesso Technology Group’s revenue exceeded analyst estimates by 1.4%, and EPS surpassed analyst estimates by 78%. The Ticketing segment accounted for a significant portion of the company’s revenue, contributing US$104.0m, while General & Administrative costs were the largest operating expense, totaling US$94.5m.
Looking ahead, accesso Technology Group is forecasted to experience an average annual revenue growth of 7.2% over the next three years, compared to a 10% growth forecast for the Software industry in the United Kingdom. The company’s shares have seen a 6.0% increase in value over the past week.
However, there are two warning signs that investors should be aware of before investing in this stock: firstly, there is no clear indication of how much revenue growth will be generated by each segment; secondly, there is no information on any potential risks or challenges that could affect future performance negatively.
It’s important to remember that financial analysis based on historical data and analyst forecasts should not be considered as financial advice or investment recommendations.
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