2 AIM tech stocks with over 100% return in a year

Highlights

  • Accesso Technology Group’s revenues were $50.7 million for H1 2021, representing year-on-year growth of 106.1% compared to $24.6 million in H1 2020.
  • Seeing Machines estimates revenue at A$47.3 million for FY2021, representing a year-on-year increase of 18%.

The technology space in the UK has seen a number of developments in the recent past. Further, robust adoption of new technologies has been accelerated by the COVID-19 pandemic that forced enterprises to adopt new-age tech solutions that not only enhanced operational productivity but also ensured safety while operating in a remote environment.

The rising pace of digital transformation and growing technology developments in response to the changing organisational needs has been pivotal in attracting investor attention to these stocks. These tech stocks may not necessarily be the largest by market capitalisation but may hold a strong outlook.

Accesso (ASCO) & Seeing Machines (SEE) financials

(Data source: Company release & Refinitiv)

Here is a detailed overview of the investment prospect in 2 AIM listed technology stocks – Accesso Technology Group & Seeing Machines.

Accesso Technology Group Plc (LON: ACSO)

Accesso Technology Group offers ticketing, virtual queuing, distribution point of sale, and guest experience management solutions to the entertainment, cultural and leisure sectorsThe shares of Accesso Technology Group are trading at GBX 930.00, up by 0.54% at 10:35 AM GMT+1 on Friday 24 September 2021. The market cap of the company is £381.59 million.

For H1 2021 (ended 30 June 2021), Accesso Technology Group’s revenues were $50.7 million, representing year-on-year growth of 106.1% compared to $24.6 million in H1 2020. It recorded a statutory profit before tax of $0.9 million in H1 2021, up by 104.6% year-on-year compared to the $18.5 million loss in H1 2020.

Accesso Technology Group’s shares returned 207.89% to shareholders in the last one year.

Seeing Machines Ltd (LON: SEE)

Seeing Machines is an artificial intelligence (AI) and computer vision technology platform that interacts to assist users and ensure driver safety across multiple transport sectors. Recently, it rolled out its 8th generation Occula® Neural Processing Unit. In August, EROAD Limited announced the integration of Guardian technology from Seeing Machines into its fleet management software to combat driver fatigue and ensure road safety.

The shares of Seeing Machines Ltd are trading at GBX 10.38, up by 10.25% at 10:47 AM GMT+1 on Friday 24 September 2021. The market cap of the company is £364.89 million.

Seeing Machines estimates revenue at A$47.3 million for FY2021, representing a year-on-year increase of 18% and A$47.7 million of cash as of 30 June 2021.

Seeing Machines’ shares returned 141.40% to shareholders in the last one year.

Bottomline:

The UK's technology industry is flourishing, driven by high demand for software-as-a-service (SaaS), artificial intelligence (AI), big data and cybersecurity solutions. Tech stocks thus serve as lucrative income investment options for investors.

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