
accesso® and Six Flags Extend 20-Year Ticketing Partnership with New 5-Year eCommerce Agreement
TWYFORD, England, Aug. 7, 2025 /CNW/ -- accesso Technology Group (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets worldwide, today announces the renewal of its longstanding partnership with Six Flags Entertainment Corporation (NYSE: FUN) through a new five-year agreement for the continued use of the accesso Passport ® platform. The renewed contract, commencing January 1, 2026, continues the use of accesso eCommerce ticketing across the portfolio of Six Flags' theme and water parks in North America, now totaling 42 properties following the company's merger with Cedar Fair in July 2024.
This milestone renewal celebrates over 20 years of ticketing partnership and collaboration between accesso and Six Flags, a relationship that began in 2006. Since then, hundreds of millions of tickets and entitlements have been sold online using the accesso Passport platform. The technology has continuously evolved to meet the operational scale of one of the world's largest regional theme park operators, driving revenue via benchmark level conversion rates and optimizing basket size while delivering a modern digital user experience.
The accesso Passport eCommerce suite delivers a robust, intuitive platform built to handle massive scale across daily ticket sales, season passes, memberships, and flexible payment plans. With integrated up-sell and cross-sell capabilities, the platform supports deeper guest engagement and maximizes revenue opportunities. Its industry-leading conversion rates and proven reliability demonstrate why clients continue to select and renew their partnerships with accesso.
Commenting on the renewal, Brian Witherow, CFO of Six Flags Entertainment Corporation, said:
" Accesso has been a trusted partner in helping us deliver a streamlined and reliable ticketing experience to our guests for nearly two decades. We are pleased to continue working with Accesso as a proven technology partner that understands the unique scale and operational needs of our parks."
Reflecting on the renewal, Steve Brown, CEO of accesso, said:
"Six Flags is a flagship client for Accesso, and we're pleased to further extend our long-term relationship. This renewal reaffirms the value our technology and highlights our ability to scale with our partners as they evolve and grow."
Under the terms of the agreement, accesso continues as the exclusive online ticketing platform for Six Flags through December 31, 2030, notwithstanding Six Flags' one time option to terminate the agreement on December 31, 2027, providing notice is given no later than twelve months in advance of this date.
About accesso Technology Group plc
accesso is the leading global provider of patented and award-winning technology solutions that redefine the guest experience, drive increased revenue, streamline operations, and support data-driven business decisions for leisure and entertainment operators. Currently serving over 1,200 venues worldwide, accesso invests heavily in research and development to provide venues with technology that empowers unforgettable guest experiences. Staffed by a team of attractions, cultural venue, and ski industry veterans, accesso partners with venues to maximize guest engagement and revenue through intuitive ticketing, point-of-sale, virtual queuing, distribution, and experience management technologies.
accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. Learn more at accesso.com or follow accesso on X (Twitter), LinkedIn and Facebook.
About Six Flags Entertainment
Six Flags Entertainment Corporation (NYSE: FUN) is North America's largest regional amusement-resort operator with 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes ®, DC Comics ® and PEANUTS ®.
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With intentional innovation at the forefront, PAR's solutions streamline operations, drive higher engagement, and strengthen guest experiences for restaurants and retailers globally. To learn more, visit or connect with us on social media. The PAR Technology 2025 Sustainability Report can be found at: Key Performance Indicators and Non-GAAP Financial Measures. We monitor certain key performance indicators and non-GAAP financial measures in the evaluation and management of our business; certain key performance indicators and non-GAAP financial measures are provided in this press release because we believe they are useful in facilitating period-to-period comparisons of our business performance. Key performance indicators and non-GAAP financial measures do not reflect and should be viewed independently of our financial performance determined in accordance with GAAP. 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Solely for convenience, our trademarks referred to in this press release may appear without the ® or TM symbols, but such references are not intended to indicate in any way that we will not assert, to the fullest extent under applicable law, our rights to these trademarks. Forward-Looking Statem ents. This press release contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995, and the accuracy of such statements is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. Forward-looking statements can be identified by words such as 'believe,' 'could,' 'would,' 'should,' 'will,' 'continue,' 'anticipate,' 'expect,' 'path,' 'plan,' 'intend,' 'estimate,' 'future,' 'may,' 'potential,' and similar expressions. These statements include, but are not limited to, express or implied forward-looking statements relating to: the plans, strategies and objectives of management relating to our growth, results of operations, and financial performance, including service and product offerings, the development, demand, market share, and competitive performance of our products and services; revenues, gross margins, expenses, cash flows, and other financial measures and key performance indicators, including ARR, Active Sites, subscription service gross margin percentage, net loss, and net loss per share; the availability and terms of product and component supplies for our hardware products; anticipated benefits of acquisitions, divestitures, and capital markets transactions; and macroeconomic trends, geopolitical events, tariffs, and trade disputes and the expected impact of those trends and events on our business, results of operations, and financial performance. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Factors, risks, trends and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements include our ability to successfully develop or acquire and transition new products and services and enhance existing products and services to meet evolving customer needs and respond to emerging technological trends, including our effective us of artificial intelligence (AI) in product development and integration of AI tools into our product and service offerings; our ability to add and retain Active Sites and integration partners; our ability to successfully integrate acquisitions into our operations, and realize the anticipated benefits; macroeconomic trends, such as a recession or slowed economic growth, fluctuating interest rates, inflation, and changes in consumer confidence and discretionary spending; geopolitical events affecting countries where we operate or our customers or suppliers operate, including changes in import/export regulations, such as tariffs, and trade disputes involving the United States and those countries; our ability to retain and manage suppliers, secure alternative suppliers, and manage inventory levels and costs, navigate manufacturing disruptions or logistics challenges, shipping delays, and shipping costs; and the other factors discussed in our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. 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Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenues, net: Subscription service $ 71,903 $ 44,872 $ 140,313 $ 83,251 Hardware 26,864 20,116 48,707 38,342 Professional service 13,637 13,162 27,243 26,630 Total revenues, net 112,404 78,150 216,263 148,223 Cost of sales: Subscription service 32,144 21,041 61,044 39,635 Hardware 19,540 15,539 36,008 29,709 Professional service 9,728 9,542 19,877 20,793 Total cost of sales 61,412 46,122 116,929 90,137 Gross margin 50,992 32,028 99,334 58,086 Operating expenses: Sales and marketing 12,274 9,811 24,056 20,737 General and administrative 31,697 25,369 60,981 50,544 Research and development 20,934 16,237 40,701 32,005 Amortization of identifiable intangible assets 3,394 1,946 6,653 2,878 Adjustment to contingent consideration liability — (600 ) — (600 ) Total operating expenses 68,299 52,763 132,391 105,564 Operating loss (17,307 ) (20,735 ) (33,057 ) (47,478 ) Other expense, net (1,381 ) (610 ) (1,472 ) (310 ) Interest expense, net (1,408 ) (1,630 ) (3,042 ) (3,338 ) Loss on extinguishment of debt — — (5,791 ) — Loss from continuing operations before income taxes (20,096 ) (22,975 ) (43,362 ) (51,126 ) (Provision for) benefit from income taxes (944 ) (612 ) (2,225 ) 7,173 Net loss from continuing operations (21,040 ) (23,587 ) (45,587 ) (43,953 ) Net income from discontinued operations — 77,777 197 79,855 Net (loss) income $ (21,040 ) $ 54,190 $ (45,390 ) $ 35,902 Net (loss) income per share (basic and diluted): Continuing operations $ (0.52 ) $ (0.69 ) $ (1.13 ) $ (1.33 ) Discontinued operations — 2.29 — 2.42 Total $ (0.52 ) $ 1.60 $ (1.13 ) $ 1.09 Weighted average shares outstanding (basic and diluted) 40,520 34,015 40,348 32,935 See notes to unaudited interim condensed consolidated financial statements included in the Quarterly Report. PAR TECHNOLOGY CORPORATION SUPPLEMENTAL INFORMATION (unaudited) Non-GAAP Financial Measures In addition to disclosing financial results in accordance with GAAP, this press release contains references to the non-GAAP financial measures below. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. Our non-GAAP financial measures reflect adjustments based on one or more of the following items below. The income tax effect of the below adjustments, with the exception of non-recurring income taxes, were not tax-effected due to the valuation allowance on all of our net deferred tax assets. Our non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Additionally, these measures may not be comparable to similarly titled measures disclosed by other companies. Non-GAAP subscription service gross margin percentage Represents subscription service gross margin percentage adjusted to exclude amortization from acquired and internally developed software, stock-based compensation, and severance. We believe that non-GAAP subscription service gross margin percentage and adjusted EBITDA provide useful perspectives with respect to the Company's core operating performance and ongoing cash earnings by adjusting for certain non-cash and non-recurring charges that may not be indicative of our financial performance. Adjusted EBITDA Represents net (loss) income before income taxes, interest expense, and depreciation and amortization adjusted to exclude discontinued operations, stock-based compensation, contingent consideration, transaction costs, severance, litigation expense, loss on extinguishment of debt, and other expense, net. Non-GAAP diluted net income (loss) per share Represents net (loss) income per share excluding amortization of acquired intangible assets, non-recurring income taxes, non-cash interest, discontinued operations, stock-based compensation, contingent consideration, transaction costs, severance, litigation expense, loss on extinguishment of debt, and other expense, net. We believe that adjusting our diluted net (loss) income per share to remove non-cash and non-recurring charges provides a useful perspective with respect to the Company's operating performance as well as comparisons to past and competitor operating results. Consists of non-cash charges related to our employee equity incentive plans. We exclude stock-based compensation because management does not view these non-cash charges as part of our core operating performance. This adjustment facilitates a useful evaluation of our current operating performance as well as comparisons to past and competitor operating results. Contingent consideration Adjustment reflects a non-cash reduction to the fair market value of the contingent consideration liability related to our acquisition of MENU Technologies AG (the "MENU Acquisition"). We exclude changes to the fair market value of our contingent consideration liability because management does not view these non-cash, non-recurring charges as part of our core operating performance. This adjustment facilitates a useful evaluation of our current operating performance as well as comparisons to past and competitor operating results. Transaction costs Adjustment reflects non-recurring professional fees incurred in transaction due diligence and integration, including costs incurred in the acquisitions of Stuzo Blocker, Inc., Stuzo Holdings, LLC and their subsidiaries (the "Stuzo Acquisition"), TASK Group Holdings Limited, and Delaget, LLC. We exclude professional fees incurred in corporate development because management does not view these non-recurring charges, which are inconsistent in size and are significantly impacted by the timing and valuation of our transactions, as part of our core operating performance. This adjustment facilitates a useful evaluation of our current operating performance, comparisons to past and competitor operating results, and additional means to evaluate expense trends. Severance Adjustment reflects severance tied to non-recurring restructuring events included in cost of sales, sales and marketing expense, general and administrative expense, and research and development expense. We exclude these non-recurring adjustments because management does not view these costs as part of our core operating performance. These adjustments facilitate a useful evaluation of our current operating performance as well as comparisons to past and competitor operating results. Litigation expense Adjustment reflects non-recurring legal fees incurred in connection with certain litigation matters. Loss on extinguishment of debt Adjustment reflects loss on extinguishment of debt related to the early repayment of the former credit facility with Blue Owl Capital Corporation. Discontinued operations Adjustment reflects income from discontinued operations related to the divestiture of our Government segment. Other expense, net Adjustment reflects foreign currency transaction gains and losses and other non-recurring income and expenses recorded in other expense, net in the accompanying statements of operations. Non-recurring income taxes Adjustment reflects a partial release of our deferred tax asset valuation allowance resulting from the Stuzo Acquisition. We exclude these non-cash and non-recurring adjustments for purposes of calculating non-GAAP diluted net income (loss) per share because management does not view these costs as part of our core operating performance. These adjustments facilitate a useful evaluation of our current operating performance, comparisons to past and competitor operating results, and additional means to evaluate expense trends. Non-cash interest Adjustment reflects non-cash amortization of issuance costs and discount related to the Company's long-term debt. Acquired intangible assets amortization Adjustment reflects amortization expense of acquired developed technology included within cost of sales and amortization expense of acquired intangible assets. The tables below provide reconciliations between net (loss) income and adjusted EBITDA, diluted net (loss) income per share and non-GAAP diluted net income (loss) per share, and subscription service gross margin percentage and non-GAAP subscription service gross margin percentage. (in thousands) Three Months Ended June 30, Six Months Ended June 30, Reconciliation of Net (Loss) Income to Adjusted EBITDA 2025 2024 2025 2024 Net (loss) income $ (21,040 ) $ 54,190 $ (45,390 ) $ 35,902 Discontinued operations — (77,777 ) (197 ) (79,855 ) Net loss from continuing operations (21,040 ) (23,587 ) (45,587 ) (43,953 ) Provision for (benefit from) income taxes 944 612 2,225 (7,173 ) Interest expense, net 1,408 1,630 3,042 3,338 Depreciation and amortization 12,415 8,834 24,297 16,127 Stock-based compensation 7,887 6,286 15,068 10,696 Contingent consideration — (600 ) — (600 ) Transaction costs 561 1,573 1,716 4,978 Severance 638 294 710 1,728 Litigation expense 1,347 — 1,347 — Loss on extinguishment of debt — — 5,791 — Other expense, net 1,381 610 1,472 310 Adjusted EBITDA $ 5,541 $ (4,348 ) $ 10,081 $ (14,549 ) (in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, Reconciliation between GAAP and Non-GAAP Diluted Net Income (Loss) per share 2025 2024 2025 2024 Diluted net (loss) income per share $ (0.52 ) $ 1.60 $ (1.13 ) $ 1.09 Discontinued operations — (2.29 ) — (2.42 ) Diluted net loss per share from continuing operations (0.52 ) (0.69 ) (1.13 ) (1.33 ) Non-recurring income taxes — 0.01 — (0.23 ) Non-cash interest 0.01 0.02 0.03 0.03 Acquired intangible assets amortization 0.24 0.20 0.48 0.36 Stock-based compensation 0.19 0.18 0.37 0.32 Contingent consideration — (0.02 ) — (0.02 ) Transaction costs 0.01 0.05 0.04 0.15 Severance 0.02 0.01 0.02 0.05 Litigation expense 0.03 — 0.03 — Loss on extinguishment of debt — — 0.14 — Other expense, net 0.03 0.02 0.04 0.01 Non-GAAP diluted net income (loss) per share $ 0.03 $ (0.23 ) $ 0.02 $ (0.66 ) Diluted weighted average shares outstanding 40,520 34,015 40,348 32,935 (in thousands, except percentages) Three Months Ended June 30, Six Months Ended June 30, Reconciliation between GAAP and Non-GAAP Subscription Service Gross Margin Percentage 2025 2024 2025 2024 Subscription Service Gross Margin Percentage 55.3 % 53.1 % 56.5 % 52.4 % Subscription Service Gross Margin $ 39,759 $ 23,831 $ 79,269 $ 43,616 Depreciation and amortization 7,836 5,860 15,431 11,260 Stock-based compensation 172 94 299 126 Severance — — — 54 Non-GAAP Subscription Service Gross Margin $ 47,767 $ 29,785 $ 94,999 $ 55,056


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