30th Mar 2021 14:30
Access Intelligence PLC - London-based software firm - 2020 pretax loss widens to GBP5.7 million from GBP2.9 million in 2019, while revenue rises 43% to GBP19.1 million from GBP13.4 million. 2020 annual contract value base increases 21% to GBP21.9 million from GBP18.1 million in 2019 due to growth rate more than doubling in the second half of the year, with "strong" new business and renewal rates underpinning "excellent" growth in its annual contract value.
"It is outstanding to see growth of 42% in revenue and 21% annual contract value during such a challenging year. The whole team has performed to the highest standards which is reflected by the roster of international blue-chip businesses brought on as clients," says Non-Executive Chair Christopher Satterthwaite.
Looking ahead, Access Intelligence says it is now focusing on its next stage of expansion, supported by its GBP10 million fundraise in December.
In addition, Access Intelligence appoints Sarah Vawda as non-executive director with immediate effect. Vawda is currently non-executive director of Danish specialty protein business Hamlet Protein and an Indian animal feed business Noveltech Feeds. Adds Non-Executive Directors Michael Jackson and Jeremy Hamer plan to step down from their positions following the company's annual general meeting this year.
Current stock price: 126.75 pence, up 7.9% on Tuesday
Year-to-date change: up 44%
By Zoe Wickens; [email protected]
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