In its Full Year 2023 report, Accesso Technology Group (LON: ACSO) announced key financial metrics. Despite a 7.0% increase in revenue to US$149.5 million compared to FY 2022, net income decreased by 24% to US$7.69 million, resulting in a profit margin of 5.1%, down from 7.2% in the previous year. Earnings per share (EPS) also declined to US$0.19 from US$0.24 in FY 2022.
Revenue exceeded analyst estimates by 1.4%, and EPS surpassed estimates by 78%. The Ticketing segment was the main driver of revenue, contributing US$104.0 million, accounting for 70% of total revenue. General & Administrative costs were the largest operating expense, totaling US$94.5 million, making up 86% of total expenses.
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 as a whole. However, despite positive performance with shares increasing by 6
