accesso Technology Group is a leading provider of technology solutions for the global leisure and entertainment sector, currently serving over 1,200 venues worldwide. The company recently published a positive trading update and in this episode of Hardman Talks, our technology analyst Richard Jeans breaks down the statement and what it means for investors.
From ticketing systems to guest experience enhancements, accesso’s technology plays a crucial role in helping attractions optimise revenue and improve customer satisfaction. But how is the company performing financially, and what does its future hold?
Following a challenging 2024, accesso’s recent trading update provided reassuring signs of stability and growth. Revenue came in slightly ahead of the mid-point guidance set in August 2023, while the cash EBITDA margin exceeded expectations. With a strong foothold in a growing industry – projected to expand by 5-7% per year – accesso has the potential to achieve high single-digit revenue growth. But is its stock currently undervalued compared with its peers? Richard shares his insights on accesso’s financial health, growth strategy, and long-term outlook.
From transactional revenue streams and geographical expansion opportunities to a solid cash position, accesso presents a compelling investment case. The company’s stock currently trades at a significant discount compared with other AIM-listed enterprise software firms, despite its attractive growth profile and improving operating margins.
With strong financials and increasing cash generation, is now the right time to invest in accesso? Watch the interview to find out.
