Accesso holds full-year guidance as payments platform goes live

Accesso Technology Group PLC ( LSE:ACSO OTC:LOQPF ) , the supplier of ticketing and guest experience software to theme parks, ski resorts and cultural attractions, said its outlook for the full year was unchanged. The company continues to expect revenue of approximately $146 million and cash EBITDA, a measure of underlying earnings after capitalised development costs, of approximately $20 million. Trading will again be weighted towards the second half, which captures the summer and Halloween seasons. That guidance includes a milestone payments from projects in the Middle East, principally Saudi Arabia, with roughly $1.9 million of the revenue dependent on delivery between now and December. Trading in the six months to 30 June was resilient and in line with the board's expectations, accesso said in a half-year update. The group has been leaning on cost efficiencies introduced earlier in the year while continuing to spend selectively on artificial intelligence and payments. Its payments product, accessoPay, is now live, with the first customers expected to start transacting during August. The launch completes a strategy of bundling the company's ticketing, food and beverage, retail, guest experience and virtual queuing products into a single connected platform sold under one commercial relationship. Accesso said the first half brought an increasing number of multi-product deals and a developing pipeline aligned to the bundled offering.