accesso Technology (GB:ACSO) has released an update.
Accesso Technology Group PLC has revised its full-year revenue forecast downward from at least $160m to approximately $150-$153m due to lower trading volumes and delayed project milestones in the Middle East. The company is adjusting its cost base to manage the impact on its Cash EBITDA margin, which is expected to be between 13-14%. Despite these challenges, Accesso maintains a strong sales pipeline for future growth and a robust balance sheet with a net cash position of $23.3m as of July 31, 2024.
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