accesso Technology Group Full Year 2022 Earnings: EPS Beats Expectations

accesso Technology Group (LON:ACSO) Full Year 2022 Results

Key Financial Results

• Revenue: US$139.7m (up 12% from FY 2021).
• Net income: US$10.1m (down 54% from FY 2021).
• Profit margin: 7.2% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses.
• EPS: US$0.24 (down from US$0.53 in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

accesso Technology Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom.

Performance of the British Software industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for accesso Technology Group that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.