Business
FINAL RESULTS FOR THE YEAR ENDED 30 NOVEMBER 2020
FINAL RESULTS FOR THE YEAR ENDED 30 NOVEMBER 2020.
About this update from Pulsar Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8852T\n Access Intelligence PLC\n 30 March 2021\n \n \n \n \n 30 March 2021\n \n \n \n \n \n ACCESS INTELLIGENCE PLC\n \n \n (\"Access Intelligence\", the \"Company\" or the \"Group\")\n \n \n \n \n \n FINAL RESULTS FOR THE YEAR ENDED 30 NOVEMBER 2020\n \n \n \n \n \n Access Intelligence Plc (AIM: ACC), the technology innovator delivering Software-as-a-Service (\"SaaS\") solutions for the PR, communications and marketing industries, announces its final results for the year ended 30 November 2020.\n \n \n \n \n \n Highlights\n \n \n \n \n \n \n · \n 2020 proved to be an exceptional year for Access Intelligence in terms of new client wins. These included Amazon, Aegon, Astra-Zeneca, Boots, Chanel, Dow Jones, Hulu, Levi Strauss, LinkedIn, Lotus, Nintendo, Publicis, Saatchi & Saatchi, The International Monetary Fund, Unicredit, Twitter, Veolia and WWF. These clients demonstrate the increasing appeal of the Group's portfolio across a diverse range of sectors and territories.\n \n \n \n \n \n \n \n · \n Annual Contract Value (\"ACV\") base increased by 21.0% to £21.9 million (2019: £18.1 million). The Company's growth rate more than doubled in the second half of the year with strong new business and renewal rates underpinning excellent growth in ACV of £2.8m in the period. This compares to ACV growth of £1.1m in the first six months which were- impacted by COVID-19, with all sub-brands seeing growth acceleration in the second half.\n \n \n \n \n \n \n \n · \n Revenue increased by 42% year-on-year to £19.1 million. Excluding Pulsar, revenue increased by 10.0% to £13.9 million.\n \n \n \n \n \n \n \n · \n Adjusted EBITDA profit for the year of £0.7 million (2019: profit of £0.8 million).\n \n \n \n \n \n \n \n · \n At 30 November 2020, cash balance was £1.4 million (2019: £2.0 million). \n \n \n \n \n \n \n \n · \n In a fund raise announced in December 2020, the Group raised £10.0 million (before expenses) through a new equity issue and secured a £2.0 million three-year facility under the Coronavirus Business Interruption Loan Scheme (CBILS) to enhance its technology and platform of products, for further geographic expansion, to continue to explore suitable acquisition opportunities and to further strengthen its Balance Sheet.\n \n \n \n  ...