Business
Preliminary results for the y/e 30 November 2015
Preliminary results for the y/e 30 November 2015.
About this update from Pulsar Group Plc
[{"type":"text","content":"\n \nRNS Number : 7013U Access Intelligence PLC 11 April 2016 \n\n11 April 2016\n \nACCESS INTELLIGENCE PLC\n(\"Access Intelligence\", \"the Company\" or \"the Group\")\n \nPRELIMINARY RESULTS FOR THE YEAR ENDED 30 NOVEMBER 2015\n \nAccess Intelligence Plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for reputation and operational risk management, announces its unaudited results for the year ended 30 November 2015.\n \nHighlights\n· Strategic M&A activity has strengthened the Group's portfolio of core products and services\n· Group revenue from continuing operations at year end up by 89% to £8.1m from £4.3m\n· Recurring revenue from continuing operations up by 99% to £7.5m from £3.7m\n· Strategic shift in focus with increased emphasis on the development of the reputation and risk management divisions of the business \n· Cash balance of £1,523,000 (2014: £1,144,000) \n· Total technology spend of £3,448,000 (2014: £3,940,000) of which £1,526,000 (2014: £1,577,000) was capitalised\n \nMichael Jackson, Non-Executive Chairman, commented: \n \n\"I am pleased to announce the results for FY2015 in what has been a pivotal year for Access Intelligence plc. Our strategic M&A activities have refocussed the Group firmly in the Reputation Management market, whilst divesting a non-core asset in software maintenance and hosting. The EBITDA loss reflects the substantial reorganisation costs associated with Group M&A and research and development. Post year end, the Group also divested of a non-core asset Due North Ltd for £4.5 million.\"\n \nFor further information:\n\n\n\n\nAccess Intelligence plc\n\n\n0843 659 2940\n\n\n\n\nMichael Jackson (Non-Executive Chairman)\n\n\n \n\n\n\n\nJoanna Arnold (CEO)\nDaryl Paton (CFO)\n\n\n \n\n\n\n\nAllenby Capital Limited (Nominated Adviser & Broker)\n\n\n020 3328 5656\n\n\n\n\nSimon Clements / James Thomas\n\n\n \n\n\n\n\n \n \nForward looking statements\n \nThis announcement contains forward-looking statements. \n \nThese statements appear in a number of places in this announcement and include statements re...