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Accesso Technology performance 'slightly ahead' of its expectations; losses widen in H1

By BFN News | 08:23 AM | Wednesday 16 September, 2020


Technology solutions provider Accesso Technology said current performance continued to be 'slightly ahead' of expectations after the company reported wider losses, but better-than-expected revenue in the first half of the year. For the six months ended 30 June 2020, pre-tax losses widened to $18.5m from $4.6m on-year as revenue fell to $24.6m from $50.7m, though this was ahead of the company's own revised expectations, Accesso Technology said. 'Recent trading has continued to be slightly ahead of our expectations as nearly 80% of accesso passport and more than 60% of accesso LoQueue supported venues reopened with reduced capacities,' the company said. 'Assuming market conditions do not deteriorate, we expect revenue for the full year 2020 to be not less than $48m,' it added. At 8:23am: (LON:ACSO) Accesso Technology Group PLC share price was +10p at 295p Story provided by StockMarketWire.com

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