Marketing SaaS platform Access Intelligence has revealed revenue growth in 2021.
The listed London-headquartered company expects total revenue for the financial year ended 30th November 2021 to be approximately £33.1 million, up 73% on the previous year.
Adjusted EBITDA loss will be approximately £500,000, as expected, with net cash of approximately £13m, significantly ahead of management’s expectations.
Access Intelligence has seen growth in its core business accelerate, with annual contract value increasing by 23% compared to the prior year.
New client wins include BASF, Byte, GivingTuesday, Jockey, Mary Kay Inc, Metro Bank, Pfizer, Savills, Scope, Shelter, Siemens, Sony Music, Starling Bank, TalkTalk and Twitch.
It said its core business in EMEA and North America remains strong and expects growth in these regions to accelerate as a result of investment in sales and marketing during 2021.
“During 2021 Access Intelligence delivered strong growth in its core business and completed a transformative acquisition in Isentia to take its market-leading products to the international marketplace,” said executive chairman Christopher Satterthwaite.
“In the near term, the South East Asia region continues to confront the economic and social challenges brought about by the pandemic but Access Intelligence has an enviable market position and the board believes that the region will prove to be a growth opportunity when it starts to recover from its current challenges.
“With an expanded footprint and an excellent suite of products, Access Intelligence is well placed to take advantage of the global opportunity by leveraging the model established in its core business and the market leading innovation its products provide to global clients.”