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. These figures help shape the company’s earnings and profitability potential moving forward into the new year and beyond.
Looking ahead, accesso Technology Group is forecasting a 7.2% average annual growth in revenue over the next three years
