Access Intelligence (PULS) AI Stock Analysis

• Market Cap: £52.20M
• Dividend Yield: N/A
• Average Volume (3M): 78.23K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.06
• Revenue Growth: -1.09%
• EPS Growth: -6.65%
• Country: UK
• Employees: 941
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.05
• Shares Outstanding: 135,593,480
• 10 Day Avg. Volume: 29,692
• 30 Day Avg. Volume: 78,228
• PEG Ratio: 0.68
• Price to Book (P/B): 1.77
• Price to Sales (P/S): 1.22
• P/FCF Ratio: -10.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: 35.00p ▼(-2.78% Downside)

Access Intelligence faces significant challenges with profitability and cash flow, as reflected in its financial performance score. Technical analysis indicates bearish momentum, with the stock trading below key moving averages. The valuation is unattractive due to a negative P/E ratio and no dividend yield. These factors collectively contribute to a low overall stock score.

Positive Factors

Gross Margin Strength

A strong gross margin indicates efficient cost management in production, providing a buffer against revenue fluctuations and supporting long-term profitability.

Low Leverage

Low leverage enhances financial stability, reducing risk and providing the company with greater flexibility to invest in growth opportunities without excessive debt burden.

Recurring Revenue Model

A subscription-based revenue model ensures consistent cash flow and customer retention, enhancing predictability and stability in financial performance over time.

Negative Factors

Profitability Challenges

Persistent profitability issues suggest difficulties in cost management and revenue generation, potentially limiting reinvestment in business growth and innovation.

Cash Flow Constraints

Deteriorating cash flow limits the company's ability to fund operations and invest in strategic initiatives, posing a risk to long-term financial health and growth potential.

Revenue Growth Decline

Stagnant revenue growth indicates potential market saturation or competitive pressures, challenging the company's ability to expand its market share and drive future growth.

Access Intelligence Business Overview & Revenue Model

Company Description

Access Intelligence (PULS) is a leading provider of data-driven insights and analytics, primarily serving the telecommunications, technology, and media sectors. The company specializes in delivering comprehensive solutions that empower businesses to optimize their operations, enhance customer engagement, and drive growth through actionable intelligence. Core products include advanced analytics platforms, real-time data services, and customized reporting tools that help clients navigate complex market dynamics and make informed decisions.

How the Company Makes Money

Access Intelligence generates revenue through a multi-faceted model that includes subscription fees for its analytics platforms, consulting services, and customized data solutions. Key revenue streams comprise recurring subscription income from clients who utilize the company's software and analytics tools, one-time project fees for consulting engagements, and revenue from data licensing agreements. Additionally, the company has established significant partnerships with telecommunications firms and technology providers, which enhance its service offerings and expand its market reach, contributing positively to its overall earnings.

Access Intelligence Financial Statement Overview

Summary

Access Intelligence demonstrates a strong gross margin, typical for a software firm, but struggles with profitability and cash flow. The balance sheet's low leverage is positive, yet negative returns and cash flow constraints pose significant risks. The company needs strategic improvements in cost management and revenue growth to enhance financial stability and performance.

Income Statement

The company's gross profit margin is healthy, consistently contributing over 70% of total revenue, which is strong for the software industry. However, the net profit margin remains negative, indicating ongoing challenges in achieving profitability. The revenue growth rate declined by -0.65% from the previous year, suggesting stagnation. EBIT and EBITDA margins are negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of approximately 0.22, indicating relatively low leverage. Stockholders' equity has decreased, impacting the equity ratio, which is around 48.3%. However, the return on equity remains negative due to persistent net losses, highlighting profitability challenges.

Cash Flow

The company experienced a significant decline in free cash flow, with a growth rate of -1235.29% from the previous year, indicating deteriorating cash generation. Operating cash flow to net income ratio is negative, suggesting operational cash challenges. The free cash flow to net income ratio also remains negative, pointing towards cash flow issues relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	61.27M	62.00M	62.40M	65.71M	33.30M	19.07M
Gross Profit	35.37M	45.11M	46.06M	49.80M	25.05M	10.44M
EBITDA	742.00K	1.49M	-2.83M	-249.00K	-4.97M	-2.05M
Net Income	-7.21M	-6.57M	-7.90M	-4.19M	-8.71M	-5.09M
Balance Sheet
Total Assets	87.43M	88.40M	90.69M	93.68M	101.21M	26.56M
Cash, Cash Equivalents and Short-Term Investments	1.77M	1.00M	2.25M	4.92M	13.46M	1.40M
Total Debt	8.77M	9.18M	2.53M	2.52M	4.37M	3.00M
Total Liabilities	48.37M	45.72M	41.00M	33.30M	40.20M	17.48M
Stockholders Equity	39.06M	42.68M	49.69M	60.37M	61.01M	9.08M
Cash Flow
Free Cash Flow	1.54M	-7.03M	-527.00K	-6.08M	-6.00M	99.00K
Operating Cash Flow	1.92M	-74.00K	8.56M	2.47M	-2.38M	2.26M
Investing Cash Flow	-5.13M	-5.52M	-9.07M	-8.54M	-44.24M	-2.25M
Financing Cash Flow	681.00K	1.42M	-2.04M	-2.63M	58.65M	-603.00K

Access Intelligence Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PULS, the sentiment is Positive. The current price of 36 is below the 20-day moving average (MA) of 37.85, below the 50-day MA of 36.27, and below the 200-day MA of 38.98, indicating a neutral trend. The MACD of 0.63 indicates Positive momentum. The RSI at 65.12 is Neutral, neither overbought nor oversold. The STOCH value of 28.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PULS.

Access Intelligence Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMG	69 Neutral	£58.56M	-57.30	-0.94%	7.26%	8.00%	-253.45%
SKL	69 Neutral	£66.30M	60.66	17.89%	0.77%	14.64%	916.67%
IGP	64 Neutral	£75.55M	20.32	23.08%	―	-19.19%	-41.12%
CLBS	62 Neutral	£59.02M	18.89	11.22%	2.44%	-25.63%	-20.36%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SPA	58 Neutral	£75.97M	2,266.67	0.15%	―	5.35%	-97.78%
PULS	47 Neutral	£52.20M	-7.06	-16.92%	―	-1.09%	-6.65%

Access Intelligence Corporate Events

Pulsar Group Lands Major Global SaaS Mandate and Boosts Profit Outlook

Pulsar Group has secured a major multi-year global contract with one of the world’s largest marketing and communications groups, under which its platform will replace multiple incumbent competitor systems across the customer’s international operations. The deal is expected to generate €2.1 million in annualised recurring revenue and €6.3 million over the initial term, reinforcing Pulsar’s positioning as a unified, AI-driven solution for complex organisations while it rolls out new Agentic AI Insight Agents. The contract caps a period of strong enterprise momentum in the second half of 2025, including wins with a range of high-profile corporate, government and non-profit clients, alongside a cost-cutting programme that incurred about £5.4 million of one-off expenses but is expected to yield more than £7.0 million in annualised savings from FY25, leaving the company’s full-year operating performance in line with board expectations and supporting management’s confidence in profitable growth into 2026.

The most recent analyst rating on (GB:PULS) stock is a Hold with a £35.00 price target. To see the full list of analyst forecasts on Access Intelligence stock, see the GB:PULS Stock Forecast page.

Pulsar Group Announces Share Transfer Amid Portfolio Adjustment

Pulsar Group plc, a company listed on the AIM market, has announced a transfer of 284,452 ordinary shares from Kestrel Partners LLP’s discretionary management due to a portfolio rearrangement. The shares remain with the same beneficial owners, and Kestrel Opportunities, where Mr. Max Royde, a Non-Executive Director of Pulsar, holds a beneficial interest, continues to hold a significant portion of the company’s shares. This transaction does not alter the overall voting rights controlled by Kestrel, which stands at approximately 28.62% of Pulsar’s total voting rights.

The most recent analyst rating on (GB:PULS) stock is a Hold with a £35.00 price target. To see the full list of analyst forecasts on Access Intelligence stock, see the GB:PULS Stock Forecast page.