REG - Oxford Metrics PLC - Trading Update

Oxford MetricsAnnouncement

27/09/2022 07:00

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RNS Number : 7170A  Oxford Metrics PLC  27 September 2022

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 which forms part of UK law by virtue of the
European Union (Withdrawal) Act 2018 ("MAR").

 

27 September 2022

 

Oxford Metrics plc

 

("Oxford Metrics" or the "Group")

 

Trading Update

 

Oxford Metrics plc (LSE: OMG), the smart sensing software company servicing
life sciences, entertainment and engineering markets, provides an update on
trading for the current financial year ending 30 September 2022.

 

The Group has continued to experience high levels of market demand and
currently holds its largest ever level of orders-in-hand. However, the global
supply chain issues facing the industry have led to the deferment of
approximately £3.5m of shipments in the current financial year, and therefore
the Board does not now believe the company will meet its full year market
expectations. Conscious of the well-reported supply chain challenges, the
Group had been monitoring the situation closely as it approached its year end
and has been able to mitigate the margin impact of the deferred orders to some
extent. The Group now anticipates that these orders, previously expected to be
fulfilled in this financial year, will now be shipped in H1 of FY23.

 

 

For further information please contact:

 

 Oxford Metrics                                   +44 (0) 1865 261860
 Nick Bolton, CEO
 David Deacon, CFO

 Numis Securities Limited                         +44 (0)20 7260 1000
 Simon Willis / Hugo Rubinstein / Tejas Padalkar

 FTI Consulting                                   +44 (0)20 3727 1000
 Matt Dixon / Jamille Smith / Jemima Gurney

 

 

About Oxford Metrics

 

Oxford Metrics develops software that enables the interface between the real
world and its virtual twin. Our smart sensing software helps over 10,000
customers in more than 70 countries, including all of the world's top 10 games
companies and all of the top 20 universities worldwide. Founded in 1984, we
started our journey in healthcare, expanded into entertainment, winning an
OSCAR® and an Emmy®, then moved into defence and engineering. We have a
track record of creating value by incubating, growing and then augmenting
through acquisition, unique technology businesses.

 

The Group trades through its market-leading division: Vicon. Vicon is a world
leader in motion measurement analysis to thousands of customers worldwide,
including Guy's Hospital, Industrial Light & Magic, MIT and NASA.

 

The Group is headquartered in Oxford with offices in California, Colorado, and
Auckland. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company
listed on AIM, a market operated by the London Stock Exchange. For more
information about Oxford Metrics, visit www.oxfordmetrics.com
(http://www.oxfordmetrics.com)

 

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