Access Intelligence Plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for communications and reputation management, announces its final results for the year ended 30 November 2018.
Highlights
- Completed the acquisition of ResponseSource Ltd (“ResponseSource”), adding depth and breadth to our media and influencer network as well as over 1,500 new customers, including L’Oreal, Panasonic, Pizza Express, Accenture, Deloitte and KPMG, in addition to the majority of the UK’s Top 150 PR agencies.
- The ResponseSource acquisition has also provided new media enquiry and jobs services for journalists, in addition to replacements for PR wire distribution services that are currently provided by third parties.
- Increasing momentum in new business, adding a number of blue-chip enterprises and large public-sector bodies including Investec, Honda, RBS, Qatar Airlines, Carlsberg, the Football Association, E.On Energy, the Crown Prosecution Service, and Hill & Knowlton.
- Revenue increased by 10.2% year-on-year to £8.89 million. Excluding ResponseSource, revenue increased by 7.5% to £8.67 million.
- Annual Contract Value (“ACV”) base increased by 45% to £12.4 million (2017: £8.6 million). Excluding ResponseSource, ACV increased by 7.5%.
- Adjusted EBITDA profit of £0.03 million (2017: loss of £1.36 million).
- At 30 November 2018, cash balance of £5.3 million (2017: £0.67 million), of which £2.1 million (2017: £Nil) related to ResponseSource deferred consideration.
Christopher Satterthwaite, Non-Executive Chairman of Access Intelligence, commented: “I am delighted to have joined Access Intelligence at such an exciting time for the business. Our fundamentals are robust, we have strong commercial momentum, and the ResponseSource acquisition provides a platform to accelerate the expansion of our network and enhance the Group’s ability to provide a growing client base with data-driven communications intelligence.”
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