Accesso turns in solid Q4 performance, hikes FY revenue guidance
Technology company Accesso said on Thursday that the solid trading performance reported in its November update had continued through the remainder of 2020, particularly over the holiday period in North America.
As a result, Accesso now expects to deliver full-year revenues of at least $55.0m, ahead of previous expectations, while its net cash position at the end of the year was projected to be just below $30.0m.
The AIM-listed group's said its "strong" fourth-quarter trading performance indicated that, despite the Covid-19 pandemic, its underlying market opportunity remained intact.
However, Accesso noted that the recent acceleration of the Covid-19 pandemic and varied pace of vaccine deployment could result in tighter restrictions than were present in the fourth quarter carrying forward into the early and mid-summer periods in Europe and North America.
"Despite longer-term optimism resulting from the overall progress of vaccination programmes now underway, the group is of the view that trading will likely continue to be impacted by lower venue attendance over the first half of 2021," said Accesso.
As of 1335 GMT, Accesso shares were up 1.26% at 394.90p.