Access Intelligence losses narrow as revenue picks up
StockMarketWire.com - Communications and reputation management software provider Access Intelligence said first-half losses narrowed, though rising revenue was still offset by expenses.
Pre-tax losses for the six months through May amounted to £939k, compared to £1.5m of losses on-year.
Revenue rose 10.3% to £4.3m and net cash at 31 May was £3.1m, up from £494k on-year.
Outgoing chairman Michael Jackson said the business had benefited from the increasing complexity of reputation management in the UK media and political markets.
'More and more communicators want to use the Vuelio platform to gain workflow efficiencies and ensure they get essential intelligence and information from all sectors, including the media, social media and public affairs,' he said.
Jackson said he was retiring after 10 years as chairman, to be replaced by Christopher Satterthwaite.
At 2:56pm: (LON:ACC) Access Intelligence PLC share price was +0.2p at 5.3p
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