Access Intelligence (PULS) AI Stock Analysis

• Market Cap: £51.53M
• Dividend Yield: N/A
• Average Volume (3M): 293.98K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.14
• 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: 597,375
• 30 Day Avg. Volume: 293,978
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: £44.00
• Price Target Upside: 15.79% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: 44.00p ▲(15.79% Upside)

Pulsar Group's overall stock score is primarily influenced by its strategic improvements and positive corporate events, indicating future potential. However, significant risks remain due to poor financial performance, particularly in profitability and cash flow generation. Technical analysis shows a neutral to slightly positive trend, while valuation concerns due to ongoing losses detract from the score.

Access Intelligence Business Overview & Revenue Model

Company Description

Pulsar Group plc, together with its subsidiaries, engages in the provision of Software-as-a-Service products and services to consumer brands and blue-chip enterprises, marketing agencies, and public sector organizations in the United Kingdom and internationally. The company's solutions include Isentia, a media monitoring, intelligence, and insights solution platform; Pulsar, an audience intelligence and social listening platform; and Vuelio, which provides monitoring, insight, engagement and evaluation tools for politics, editorial and social media. It also offers ResponseSource, a network that connects journalists and influencers to the PR and communications industry. The company was formerly known as Access Intelligence Plc and changed its name to Pulsar Group plc in May 2024. Pulsar Group plc was incorporated in 2003 and is based in London, the United Kingdom.

How the Company Makes Money

Access Intelligence generates revenue through a multi-faceted model that includes subscription services, consulting fees, and data sales. Key revenue streams consist of recurring subscriptions for their analytics platforms and software tools, which provide clients with ongoing access to valuable insights and capabilities. Additionally, the company earns income from consulting services, where experts assist clients in implementing strategies based on their data analysis. Significant partnerships with technology firms and industry leaders also enhance their market presence, enabling Access Intelligence to expand its offerings and reach, thus contributing to its overall earnings.

Access Intelligence Financial Statement Overview

Summary

Pulsar Group exhibits a strong gross profit margin typical for a software firm, but faces significant challenges with profitability and cash flow. The balance sheet's low leverage is a positive aspect, yet negative returns and deteriorating cash generation due to operational inefficiencies and high costs are major concerns.

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

Access Intelligence Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 38.00
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 38 is below the 20-day moving average (MA) of 38.33, below the 50-day MA of 40.12, and below the 200-day MA of 44.03, indicating a bearish trend. The MACD of -0.70 indicates Positive momentum. The RSI at 44.04 is Neutral, neither overbought nor oversold. The STOCH value of 48.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:PULS.

Access Intelligence Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SKL	77 Outperform	54.57M	50.00	8.76%	0.85%	14.64%	916.67%
AOM	75 Outperform	126.70M	114.52	11.18%	―	13.76%	31.36%
GETB	71 Outperform	34.47M	206.06	-41.72%	―	1.73%	-68.87%
CLBS	63 Neutral	68.77M	13.78	15.01%	1.88%	-7.07%	24.73%
PULS	61 Neutral	£51.53M	―	-16.92%	―	-1.09%	-6.65%
SPA	56 Neutral	53.43M	320.00	0.90%	―	3.30%	-85.85%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Access Intelligence Corporate Events

Pulsar Group Reports Strong Interim Results and Strategic Progress

Pulsar Group PLC reported its unaudited interim results for the first half of 2025, showcasing significant progress in achieving strategic objectives, including a £1.1 million increase in Annual Recurring Revenue (ARR) and a total revenue of £30.1 million. The company has implemented cost-saving measures, resulting in a £1.6 million reduction in annualized costs, and anticipates improved cash generation in the second half of the year. The Group’s expansion in EMEA & North America and a return to ARR growth in APAC, alongside new client acquisitions, underscore its strong commercial momentum. Pulsar Group is also leveraging generative AI to enhance its operating model and market leadership, aiming for sustainable profitability and shareholder value.

Pulsar Group PLC Announces Change in Major Holdings

Pulsar Group PLC has announced a change in its major holdings, with Canaccord Genuity Group Inc. now holding 10.3987% of the voting rights. This adjustment in holdings could influence the company’s strategic decisions and impact its market positioning, as Canaccord Genuity is a significant player in the financial services sector.