Accesso Technology Group (LON:ACSO) has released its full year 2023 results, showing key financial figures that investors are paying attention to. The company reported a revenue of US$149.5m, which is a 7.0% increase from the previous fiscal year. However, net income decreased by 24% to US$7.69m, leading to a lower profit margin of 5.1% compared to 7.2% in FY 2022. Earnings per share (EPS) also dropped to US$0.19 from US$0.24 in FY 2022.
In terms of revenue breakdown, the Ticketing segment was the primary driver, contributing US$104.0m or 70% of total revenue. On the expenses side, General & Administrative costs were the largest operating expense at US$94.5m, accounting for 86% of total expenses. Looking ahead, the company forecasts a 7.2% average annual revenue growth over the next three years, slightly below the 10% growth forecast for the Software industry in the United Kingdom.
Despite beating analyst expectations in terms of revenue and earnings per share, there are some risks to consider when investing in accesso Technology Group. Investors should be mindful of 2 warning signs that were identified in the company’s performance.
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