Hardman & Co Analyzes accesso Technology's New Contracts and Stable Pipeline

Hardman & Co Research recently published an analysis of the accesso Technology Group, highlighting the acquisition of 30 new venue contracts. Despite challenges, the company maintains a robust pipeline. The fiscal year 2024 results were consistent with prior forecasts, showing a 5.3% revenue growth when excluding discontinued components. However, cash EBITDA diminished by 3.4%, with a 15% margin.

Management remains cautious due to uncertainties stemming from trade wars, leading to downward revisions of revenue projections for fiscal years 2025 and 2026 by 4% and 6%, respectively. Despite these challenges, an increase in costs is offset by potential gains in EPS for fiscal year 2026. Shares currently trade at 12 times the anticipated earnings for fiscal year 2027, bolstered by a solid balance sheet.